American Electric Power Company, Inc. (NYSE:AEP) Position Maintained by Davidson Investment Advisors

Davidson Investment Advisors maintained its stake in shares of American Electric Power Company, Inc. (NYSE:AEP) during the first quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 1,690 shares of the utilities provider’s stock at the end of the first quarter. Davidson Investment Advisors’ holdings in American Electric Power Company were worth $113,000 as of its most recent SEC filing.

Several other hedge funds also recently modified their holdings of the company. Vanguard Group Inc. increased its stake in shares of American Electric Power Company by 3.4% in the first quarter. Vanguard Group Inc. now owns 34,128,589 shares of the utilities provider’s stock worth $2,291,051,000 after buying an additional 1,124,366 shares during the last quarter. Wells Fargo & Company MN increased its stake in shares of American Electric Power Company by 16.2% in the first quarter. Wells Fargo & Company MN now owns 7,668,864 shares of the utilities provider’s stock worth $514,810,000 after buying an additional 1,069,388 shares during the last quarter. Pioneer Investment Management Inc. increased its stake in shares of American Electric Power Company by 14.2% in the first quarter. Pioneer Investment Management Inc. now owns 4,719,353 shares of the utilities provider’s stock worth $316,810,000 after buying an additional 585,220 shares during the last quarter. Geode Capital Management LLC increased its stake in shares of American Electric Power Company by 6.9% in the first quarter. Geode Capital Management LLC now owns 4,565,499 shares of the utilities provider’s stock worth $306,021,000 after buying an additional 296,218 shares during the last quarter. Finally, JPMorgan Chase & Co. increased its stake in shares of American Electric Power Company by 18.5% in the first quarter. JPMorgan Chase & Co. now owns 4,071,715 shares of the utilities provider’s stock worth $273,333,000 after buying an additional 636,306 shares during the last quarter. Hedge funds and other institutional investors own 70.32% of the company’s stock.

American Electric Power Company, Inc. (NYSE AEP) opened at 68.84 on Wednesday. American Electric Power Company, Inc. has a 52-week low of $57.89 and a 52-week high of $72.97. The stock has a market cap of $33.85 billion, a P/E ratio of 48.27 and a beta of 0.30. The stock has a 50 day moving average price of $70.83 and a 200 day moving average price of $66.67.

American Electric Power Company (NYSE:AEP) last announced its quarterly earnings results on Thursday, April 27th. The utilities provider reported $0.96 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.97 by $0.01. The firm had revenue of $3.90 billion for the quarter, compared to analysts’ expectations of $3.85 billion. American Electric Power Company had a return on equity of 10.78% and a net margin of 4.31%. American Electric Power Company’s revenue was down 2.5% compared to the same quarter last year. During the same period last year, the firm earned $1.02 EPS. On average, equities research analysts forecast that American Electric Power Company, Inc. will post $3.66 EPS for the current year.

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AEP has been the topic of a number of recent research reports. Jefferies Group LLC upped their target price on American Electric Power Company from $65.00 to $68.00 and gave the stock a “hold” rating in a research note on Tuesday, March 14th. Deutsche Bank AG upped their target price on American Electric Power Company from $70.00 to $72.00 and gave the stock a “buy” rating in a research note on Tuesday, April 11th. BidaskClub downgraded American Electric Power Company from a “buy” rating to a “hold” rating in a research note on Saturday, June 24th. Morgan Stanley restated an “equal weight” rating on shares of American Electric Power Company in a research note on Monday. Finally, Mizuho restated a “buy” rating and issued a $72.50 target price on shares of American Electric Power Company in a research note on Wednesday, April 19th. Two research analysts have rated the stock with a sell rating, eight have issued a hold rating and six have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $71.30.

In other news, insider Paul Chodak III sold 1,110 shares of the business’s stock in a transaction that occurred on Tuesday, May 16th. The stock was sold at an average price of $68.20, for a total transaction of $75,702.00. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. 0.15% of the stock is owned by insiders.

American Electric Power Company Company Profile

American Electric Power Company, Inc (AEP) is a public utility holding company that owns, directly or indirectly, all of the outstanding common stock of its public utility subsidiaries and varying percentages of other subsidiaries. The service areas of the Company’s public utility subsidiaries cover the states of Arkansas, Indiana, Kentucky, Louisiana, Michigan, Ohio, Oklahoma, Tennessee, Texas, Virginia and West Virginia.

Institutional Ownership by Quarter for American Electric Power Company (NYSE:AEP)

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