Brown Advisory Inc. boosted its holdings in shares of American Electric Power Company Inc (NYSE:AEP) by 10.8% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 10,220 shares of the utilities provider’s stock after buying an additional 993 shares during the quarter. Brown Advisory Inc.’s holdings in American Electric Power were worth $763,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors have also made changes to their positions in the company. Athena Capital Advisors LLC purchased a new position in American Electric Power during the fourth quarter valued at approximately $27,000. Orrstown Financial Services Inc. purchased a new position in shares of American Electric Power in the fourth quarter worth $28,000. Arlington Partners LLC purchased a new position in shares of American Electric Power in the fourth quarter worth $30,000. Quantamental Technologies LLC purchased a new position in shares of American Electric Power in the fourth quarter worth $30,000. Finally, Mondrian Investment Partners LTD purchased a new position in shares of American Electric Power in the fourth quarter worth $38,000. Institutional investors own 73.43% of the company’s stock.
Several equities analysts have recently commented on AEP shares. Mizuho downgraded shares of American Electric Power from a “buy” rating to a “neutral” rating and set a $72.00 target price on the stock. in a report on Thursday, January 3rd. They noted that the move was a valuation call. Zacks Investment Research downgraded shares of American Electric Power from a “hold” rating to a “sell” rating in a report on Friday, January 4th. Guggenheim downgraded shares of American Electric Power from a “buy” rating to a “neutral” rating in a report on Monday, January 7th. They noted that the move was a valuation call. JPMorgan Chase & Co. set a $78.00 target price on shares of American Electric Power and gave the stock a “hold” rating in a report on Friday, January 25th. Finally, Morgan Stanley boosted their target price on shares of American Electric Power from $81.00 to $84.00 and gave the stock an “overweight” rating in a report on Tuesday, February 12th. Seven equities research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. The company presently has an average rating of “Buy” and an average price target of $79.07.
American Electric Power (NYSE:AEP) last released its quarterly earnings results on Thursday, January 24th. The utilities provider reported $0.72 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.71 by $0.01. The company had revenue of $3.80 billion for the quarter, compared to the consensus estimate of $3.97 billion. American Electric Power had a net margin of 11.91% and a return on equity of 10.32%. American Electric Power’s revenue was up .0% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.85 earnings per share. On average, equities research analysts anticipate that American Electric Power Company Inc will post 4.12 earnings per share for the current fiscal year.
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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. The company generates electricity using coal and lignite, natural gas, nuclear, hydroelectric, solar, wind, and other energy sources.
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