American Electric Power Company Inc (AEP) Shares Bought by Macquarie Group Ltd.

Macquarie Group Ltd. boosted its position in American Electric Power Company Inc (NYSE:AEP) by 17.2% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 545,874 shares of the utilities provider’s stock after buying an additional 80,008 shares during the period. Macquarie Group Ltd. owned about 0.11% of American Electric Power Company worth $34,368,000 at the end of the most recent reporting period.

Several other large investors have also recently bought and sold shares of the company. Chicago Partners Investment Group LLC increased its stake in shares of American Electric Power Company by 0.3% in the third quarter. Chicago Partners Investment Group LLC now owns 1,588 shares of the utilities provider’s stock worth $102,000 after buying an additional 5 shares during the period. Thompson Davis & CO. Inc. increased its stake in shares of American Electric Power Company by 0.3% in the third quarter. Thompson Davis & CO. Inc. now owns 1,728 shares of the utilities provider’s stock worth $111,000 after buying an additional 6 shares during the period. First Heartland Consultants Inc. increased its stake in shares of American Electric Power Company by 0.3% in the third quarter. First Heartland Consultants Inc. now owns 3,199 shares of the utilities provider’s stock worth $205,000 after buying an additional 8 shares during the period. Nations Financial Group Inc. IA ADV increased its stake in shares of American Electric Power Company by 0.3% in the fourth quarter. Nations Financial Group Inc. IA ADV now owns 3,583 shares of the utilities provider’s stock worth $226,000 after buying an additional 9 shares during the period. Finally, Vantage Investment Advisors LLC increased its stake in shares of American Electric Power Company by 0.6% in the third quarter. Vantage Investment Advisors LLC now owns 1,887 shares of the utilities provider’s stock worth $121,000 after buying an additional 11 shares during the period. Institutional investors own 68.13% of the company’s stock.

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

American Electric Power Company Inc (NYSE:AEP) traded up 0.62% during mid-day trading on Friday, hitting $67.86. The stock had a trading volume of 2,721,113 shares. American Electric Power Company Inc has a 52-week low of $57.89 and a 52-week high of $71.32. The stock has a market cap of $33.37 billion, a P/E ratio of 54.59 and a beta of 0.23. The firm has a 50-day moving average of $66.95 and a 200-day moving average of $63.62.

American Electric Power Company (NYSE:AEP) last released its quarterly earnings results on Thursday, January 26th. The utilities provider reported $0.67 EPS for the quarter, topping analysts’ consensus estimates of $0.55 by $0.12. American Electric Power Company had a net margin of 3.74% and a return on equity of 10.87%. The company had revenue of $3.80 billion for the quarter, compared to the consensus estimate of $3.90 billion. During the same period in the previous year, the firm earned $0.48 EPS. American Electric Power Company’s revenue was up 5.6% on a year-over-year basis. On average, analysts forecast that American Electric Power Company Inc will post $3.65 EPS for the current fiscal year.

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A number of equities research analysts have issued reports on the company. Mizuho restated a “buy” rating and set a $72.50 price objective on shares of American Electric Power Company in a research report on Wednesday. Wells Fargo & Co upgraded American Electric Power Company from a “market perform” rating to an “outperform” rating in a report on Tuesday, January 10th. They noted that the move was a valuation call. Guggenheim downgraded American Electric Power Company from a “buy” rating to a “neutral” rating in a report on Monday, January 9th. Deutsche Bank AG increased their price target on American Electric Power Company from $70.00 to $72.00 and gave the stock a “buy” rating in a report on Tuesday, April 11th. Finally, Royal Bank of Canada set a $66.00 price target on American Electric Power Company and gave the stock a “hold” rating in a report on Wednesday, January 4th. Eight research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and a consensus price target of $70.90.

In other American Electric Power Company news, insider Lisa M. Barton sold 1,314 shares of the business’s stock in a transaction dated Thursday, February 23rd. The shares were sold at an average price of $65.90, for a total transaction of $86,592.60. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. 0.13% of the stock is currently owned by insiders.

About American Electric Power Company

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.

5 Day Chart for NYSE:AEP

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