ARS Investment Partners LLC Purchases 700 Shares of American Electric Power Company, Inc. (NASDAQ:AEP)

ARS Investment Partners LLC lifted its position in American Electric Power Company, Inc. (NASDAQ:AEP) by 6.4% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 11,568 shares of the company’s stock after buying an additional 700 shares during the quarter. ARS Investment Partners LLC’s holdings in American Electric Power were worth $1,067,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Pathway Financial Advisers LLC boosted its position in shares of American Electric Power by 10,177.1% in the third quarter. Pathway Financial Advisers LLC now owns 1,982,444 shares of the company’s stock valued at $203,399,000 after acquiring an additional 1,963,154 shares during the period. Janus Henderson Group PLC boosted its position in shares of American Electric Power by 109.5% in the third quarter. Janus Henderson Group PLC now owns 3,753,250 shares of the company’s stock valued at $385,079,000 after acquiring an additional 1,962,125 shares during the period. State Street Corp boosted its position in shares of American Electric Power by 4.3% in the third quarter. State Street Corp now owns 26,902,755 shares of the company’s stock valued at $2,760,223,000 after acquiring an additional 1,114,954 shares during the period. FMR LLC boosted its position in shares of American Electric Power by 18.8% in the third quarter. FMR LLC now owns 6,866,952 shares of the company’s stock valued at $704,549,000 after acquiring an additional 1,087,163 shares during the period. Finally, Zacks Investment Management bought a new stake in shares of American Electric Power in the third quarter valued at about $80,207,000. 75.24% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently issued reports on AEP shares. JPMorgan Chase & Co. reissued a “neutral” rating and issued a $102.00 target price (down previously from $109.00) on shares of American Electric Power in a research report on Thursday, December 12th. Barclays dropped their price target on American Electric Power from $100.00 to $99.00 and set an “equal weight” rating for the company in a research note on Tuesday, November 26th. UBS Group boosted their price target on American Electric Power from $91.00 to $95.00 and gave the company a “sell” rating in a research note on Thursday, November 7th. Bank of America raised American Electric Power from an “underperform” rating to a “buy” rating and boosted their price target for the company from $98.00 to $104.00 in a research note on Monday, January 13th. Finally, BMO Capital Markets dropped their price target on American Electric Power from $108.00 to $100.00 and set an “outperform” rating for the company in a research note on Friday, January 10th. One investment analyst has rated the stock with a sell rating, nine have given a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat, American Electric Power presently has an average rating of “Hold” and a consensus target price of $98.00.

American Electric Power Stock Performance

Shares of AEP stock opened at $97.25 on Tuesday. The business’s 50 day simple moving average is $94.52 and its 200 day simple moving average is $96.97. American Electric Power Company, Inc. has a one year low of $75.22 and a one year high of $105.18. The stock has a market capitalization of $51.75 billion, a PE ratio of 19.49, a PEG ratio of 2.58 and a beta of 0.56. The company has a debt-to-equity ratio of 1.47, a current ratio of 0.57 and a quick ratio of 0.41.

American Electric Power Company 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.