Lindbrook Capital LLC Buys 284 Shares of American Electric Power Company, Inc. (NASDAQ:AEP)

Lindbrook Capital LLC grew its stake in American Electric Power Company, Inc. (NASDAQ:AEP) by 9.6% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 3,246 shares of the company’s stock after purchasing an additional 284 shares during the quarter. Lindbrook Capital LLC’s holdings in American Electric Power were worth $264,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in AEP. BLB&B Advisors LLC grew its position in American Electric Power by 4.0% during the 4th quarter. BLB&B Advisors LLC now owns 3,405 shares of the company’s stock valued at $277,000 after purchasing an additional 131 shares during the last quarter. Dorsey & Whitney Trust CO LLC grew its position in American Electric Power by 4.4% during the 3rd quarter. Dorsey & Whitney Trust CO LLC now owns 3,150 shares of the company’s stock valued at $237,000 after purchasing an additional 132 shares during the last quarter. CENTRAL TRUST Co grew its position in American Electric Power by 1.0% during the 4th quarter. CENTRAL TRUST Co now owns 14,598 shares of the company’s stock valued at $1,186,000 after purchasing an additional 138 shares during the last quarter. Pinnacle West Asset Management Inc. grew its position in American Electric Power by 3.1% during the 3rd quarter. Pinnacle West Asset Management Inc. now owns 4,715 shares of the company’s stock valued at $355,000 after purchasing an additional 140 shares during the last quarter. Finally, Nicolet Advisory Services LLC grew its position in American Electric Power by 5.0% during the 3rd quarter. Nicolet Advisory Services LLC now owns 2,996 shares of the company’s stock valued at $220,000 after purchasing an additional 142 shares during the last quarter. 75.24% of the stock is currently owned by institutional investors.

American Electric Power Trading Up 0.8 %

Shares of AEP opened at $84.90 on Tuesday. The company has a debt-to-equity ratio of 1.49, a current ratio of 0.53 and a quick ratio of 0.36. American Electric Power Company, Inc. has a 1 year low of $69.38 and a 1 year high of $94.73. The company has a 50 day simple moving average of $83.05 and a two-hundred day simple moving average of $80.15. The firm has a market cap of $44.71 billion, a P/E ratio of 19.98, a price-to-earnings-growth ratio of 2.98 and a beta of 0.51.

American Electric Power (NASDAQ:AEP) last posted its earnings results on Tuesday, February 27th. The company reported $1.23 earnings per share for the quarter, missing analysts’ consensus estimates of $1.26 by ($0.03). American Electric Power had a net margin of 11.64% and a return on equity of 11.04%. The business had revenue of $4.60 billion during the quarter, compared to analysts’ expectations of $5.12 billion. During the same period last year, the business posted $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, equities analysts expect that American Electric Power Company, Inc. will post 5.54 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several research firms have issued reports on AEP. LADENBURG THALM/SH SH cut shares of American Electric Power from a “neutral” rating to a “sell” rating and lowered their target price for the company from $75.50 to $73.00 in a research note on Friday, March 8th. StockNews.com cut shares of American Electric Power from a “hold” rating to a “sell” rating in a research note on Friday, March 15th. Mizuho cut shares of American Electric Power from a “buy” rating to a “neutral” rating and set a $83.00 target price on the stock. in a research note on Thursday, January 11th. Scotiabank lowered their target price on shares of American Electric Power from $92.00 to $86.00 and set a “sector outperform” rating on the stock in a research note on Monday. Finally, Cfra restated a “buy” rating and set a $92.00 target price (up previously from $90.00) on shares of American Electric Power in a research note on Tuesday, February 27th. Three research analysts have rated the stock with a sell rating, three have given a hold rating and seven have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $86.08.

About American Electric Power

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.