NewEdge Wealth LLC Sells 176 Shares of American Electric Power Company, Inc. (NASDAQ:AEP)

NewEdge Wealth LLC lowered its stake in American Electric Power Company, Inc. (NASDAQ:AEP) by 4.8% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 3,464 shares of the company’s stock after selling 176 shares during the period. NewEdge Wealth LLC’s holdings in American Electric Power were worth $281,000 at the end of the most recent reporting period.

Several other large investors have also added to or reduced their stakes in AEP. FSC Wealth Advisors LLC boosted its holdings in shares of American Electric Power by 222.0% during the 3rd quarter. FSC Wealth Advisors LLC now owns 351 shares of the company’s stock valued at $26,000 after buying an additional 242 shares in the last quarter. Fairfield Bush & CO. bought a new stake in shares of American Electric Power during the 2nd quarter valued at $26,000. Penserra Capital Management LLC bought a new stake in shares of American Electric Power during the 1st quarter valued at $27,000. True Wealth Design LLC bought a new stake in shares of American Electric Power during the 4th quarter valued at $28,000. Finally, Chilton Capital Management LLC bought a new stake in shares of American Electric Power during the 1st quarter valued at $28,000. Institutional investors own 75.24% of the company’s stock.

American Electric Power Price Performance

Shares of NASDAQ:AEP opened at $82.56 on Friday. The business has a 50-day simple moving average of $82.75 and a two-hundred day simple moving average of $79.87. The firm has a market cap of $43.48 billion, a price-to-earnings ratio of 19.43, a price-to-earnings-growth ratio of 2.81 and a beta of 0.51. The company has a debt-to-equity ratio of 1.49, a quick ratio of 0.36 and a current ratio of 0.53. American Electric Power Company, Inc. has a fifty-two week low of $69.38 and a fifty-two week high of $94.73.

American Electric Power (NASDAQ:AEP) last posted its quarterly earnings results on Tuesday, February 27th. The company reported $1.23 earnings per share for the quarter, missing the consensus estimate of $1.26 by ($0.03). American Electric Power had a return on equity of 11.04% and a net margin of 11.64%. The business had revenue of $4.60 billion during the quarter, compared to the consensus estimate of $5.12 billion. During the same quarter in the previous year, the company earned $1.05 earnings per share. The company’s revenue for the quarter was down 6.1% compared to the same quarter last year. On average, analysts expect that American Electric Power Company, Inc. will post 5.54 earnings per share for the current year.

Wall Street Analysts Forecast Growth

AEP has been the subject of several recent analyst reports. Mizuho lowered American Electric Power from a “buy” rating to a “neutral” rating and set a $83.00 price target for the company. in a research report on Thursday, January 11th. UBS Group lowered American Electric Power from a “neutral” rating to a “sell” rating and lowered their price target for the stock from $86.00 to $83.00 in a research report on Monday, March 11th. StockNews.com lowered American Electric Power from a “hold” rating to a “sell” rating in a research report on Friday, March 15th. LADENBURG THALM/SH SH lowered American Electric Power from a “neutral” rating to a “sell” rating and lowered their price target for the stock from $75.50 to $73.00 in a research report on Friday, March 8th. Finally, Barclays lifted their price target on American Electric Power from $83.00 to $84.00 and gave the stock an “equal weight” rating in a research report on Monday. Three research analysts have rated the stock with a sell rating, three have issued a hold rating and six have given a buy rating to the company. According to MarketBeat, American Electric Power currently has an average rating of “Hold” and a consensus target price of $86.08.

American Electric Power Profile

American Electric Power Company, Inc, an electric public utility holding company, engages in the generation, transmission, and distribution of electricity for sale to retail and wholesale customers in the United States. It operates through Vertically Integrated Utilities, Transmission and Distribution Utilities, AEP Transmission Holdco, and Generation & Marketing segments.