Quantitative Systematic Strategies LLC lifted its position in shares of American Electric Power Company Inc (NYSE:AEP) by 199.2% in the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 69,887 shares of the utilities provider’s stock after buying an additional 46,531 shares during the period. American Electric Power makes up about 1.4% of Quantitative Systematic Strategies LLC’s holdings, making the stock its 2nd biggest holding. Quantitative Systematic Strategies LLC’s holdings in American Electric Power were worth $5,853,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in the company. Legacy Advisors LLC acquired a new stake in American Electric Power in the 1st quarter valued at $25,000. Sageworth Trust Co grew its stake in shares of American Electric Power by 1,026.9% during the first quarter. Sageworth Trust Co now owns 293 shares of the utilities provider’s stock valued at $25,000 after acquiring an additional 267 shares in the last quarter. Capital Financial Planning LLC acquired a new stake in shares of American Electric Power during the fourth quarter valued at about $26,000. Athena Capital Advisors LLC acquired a new stake in shares of American Electric Power during the fourth quarter valued at about $27,000. Finally, Claybrook Capital LLC acquired a new stake in shares of American Electric Power during the fourth quarter valued at about $27,000. Institutional investors and hedge funds own 73.43% of the company’s stock.

NYSE AEP traded up $0.11 during trading hours on Monday, reaching $84.26. The company’s stock had a trading volume of 2,415,794 shares, compared to its average volume of 2,802,583. The company has a quick ratio of 0.37, a current ratio of 0.48 and a debt-to-equity ratio of 1.14. American Electric Power Company Inc has a 52 week low of $62.71 and a 52 week high of $86.10. The stock has a market capitalization of $41.64 billion, a P/E ratio of 21.33, a P/E/G ratio of 3.60 and a beta of 0.17.

American Electric Power (NYSE:AEP) last issued its earnings results on Thursday, January 24th. The utilities provider reported $0.72 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.71 by $0.01. American Electric Power had a net margin of 11.91% and a return on equity of 10.32%. The firm had revenue of $3.80 billion for the quarter, compared to analysts’ expectations of $3.97 billion. During the same quarter last year, the company posted $0.85 earnings per share. American Electric Power’s revenue was up .0% on a year-over-year basis. As a group, equities research analysts expect that American Electric Power Company Inc will post 4.12 earnings per share for the current year.

AEP has been the subject of several recent analyst reports. Morgan Stanley raised their target price on American Electric Power from $81.00 to $84.00 and gave the company an “overweight” rating in a research note on Tuesday, February 12th. Guggenheim downgraded American Electric Power from a “buy” rating to a “neutral” rating in a research note on Monday, January 7th. They noted that the move was a valuation call. JPMorgan Chase & Co. set a $78.00 target price on American Electric Power and gave the company a “hold” rating in a research note on Friday, January 25th. Zacks Investment Research upgraded American Electric Power from a “hold” rating to a “buy” rating and set a $94.00 target price for the company in a research note on Monday, March 18th. Finally, Mizuho downgraded American Electric Power from a “buy” rating to a “neutral” rating and set a $72.00 target price for the company. in a research note on Thursday, January 3rd. They noted that the move was a valuation call. Seven equities research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. American Electric Power currently has an average rating of “Buy” and an average target price of $79.07.

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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. The company generates electricity using coal and lignite, natural gas, nuclear, hydroelectric, solar, wind, and other energy sources.

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

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