Macquarie Group Ltd. Acquires 80,008 Shares of American Electric Power Company Inc (AEP)

Macquarie Group Ltd. boosted its position in shares of 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 (SEC). The fund owned 545,874 shares of the utilities provider’s stock after buying an additional 80,008 shares during the period. Macquarie Group Ltd. owned approximately 0.11% of American Electric Power Company worth $34,368,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently made changes to their positions in AEP. State Street Corp raised its position in shares of American Electric Power Company by 0.3% in the fourth quarter. State Street Corp now owns 24,907,648 shares of the utilities provider’s stock worth $1,568,194,000 after buying an additional 81,305 shares in the last quarter. BlackRock Institutional Trust Company N.A. raised its position in shares of American Electric Power Company by 7.5% in the third quarter. BlackRock Institutional Trust Company N.A. now owns 14,280,077 shares of the utilities provider’s stock worth $916,924,000 after buying an additional 998,259 shares in the last quarter. Price T Rowe Associates Inc. MD raised its position in shares of American Electric Power Company by 22.6% in the third quarter. Price T Rowe Associates Inc. MD now owns 8,714,397 shares of the utilities provider’s stock worth $559,551,000 after buying an additional 1,606,332 shares in the last quarter. AQR Capital Management LLC increased its stake in shares of American Electric Power Company by 1.9% in the fourth quarter. AQR Capital Management LLC now owns 6,620,571 shares of the utilities provider’s stock worth $416,831,000 after buying an additional 125,055 shares during the last quarter. Finally, Wells Fargo & Company MN increased its stake in shares of American Electric Power Company by 9.7% in the third quarter. Wells Fargo & Company MN now owns 5,564,898 shares of the utilities provider’s stock worth $357,323,000 after buying an additional 491,912 shares during the last quarter. 68.13% of the stock is currently owned by institutional investors and hedge funds.

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

American Electric Power Company Inc (NYSE:AEP) traded up 0.734% during midday trading on Friday, hitting $67.935. The company had a trading volume of 2,104,718 shares. The stock’s 50-day moving average price is $66.95 and its 200-day moving average price is $63.62. The stock has a market cap of $33.40 billion, a PE ratio of 54.654 and a beta of 0.23. American Electric Power Company Inc has a 52-week low of $57.89 and a 52-week high of $71.32.

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

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AEP has been the topic of a number of recent research reports. Jefferies Group LLC upped their target price on American Electric Power Company from $65.00 to $68.00 and gave the stock a “hold” rating in a research note on Tuesday, March 14th. Deutsche Bank AG upped their target price on American Electric Power Company from $70.00 to $72.00 and gave the stock a “buy” rating in a research note on Tuesday, April 11th. Guggenheim downgraded American Electric Power Company from a “buy” rating to a “neutral” rating in a research report on Monday, January 9th. Mizuho reiterated a “buy” rating and set a $72.50 price target on shares of American Electric Power Company in a research report on Wednesday. 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 research report on Wednesday, January 4th. Eight equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and a consensus price target of $70.90.

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

American Electric Power Company Company Profile

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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