Bowling Portfolio Management LLC lowered its stake in American Electric Power Company Inc (NYSE:AEP) by 3.1% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 13,642 shares of the utilities provider’s stock after selling 442 shares during the period. Bowling Portfolio Management LLC’s holdings in American Electric Power were worth $1,143,000 as of its most recent SEC filing.

Other large investors also recently made changes to their positions in the company. Mastrapasqua Asset Management Inc. lifted its position in shares of American Electric Power by 1.5% during the 4th quarter. Mastrapasqua Asset Management Inc. now owns 9,325 shares of the utilities provider’s stock worth $697,000 after purchasing an additional 135 shares during the last quarter. First Citizens Bank & Trust Co. raised its holdings in American Electric Power by 1.5% in the 1st quarter. First Citizens Bank & Trust Co. now owns 9,484 shares of the utilities provider’s stock valued at $794,000 after acquiring an additional 140 shares in the last quarter. Cigna Investments Inc. New raised its holdings in American Electric Power by 1.0% in the 4th quarter. Cigna Investments Inc. New now owns 14,537 shares of the utilities provider’s stock valued at $1,086,000 after acquiring an additional 141 shares in the last quarter. First American Bank raised its holdings in American Electric Power by 0.4% in the 1st quarter. First American Bank now owns 40,754 shares of the utilities provider’s stock valued at $3,413,000 after acquiring an additional 149 shares in the last quarter. Finally, Clifford Swan Investment Counsel LLC raised its holdings in American Electric Power by 3.9% in the 4th quarter. Clifford Swan Investment Counsel LLC now owns 4,202 shares of the utilities provider’s stock valued at $314,000 after acquiring an additional 156 shares in the last quarter. 73.51% of the stock is owned by institutional investors.

Several equities analysts have commented on AEP shares. Zacks Investment Research raised American Electric Power from a “hold” rating to a “buy” rating and set a $94.00 price target for the company in a report on Monday, March 18th. Morgan Stanley cut American Electric Power from an “overweight” rating to an “equal weight” rating and cut their price target for the company from $86.00 to $83.20 in a report on Thursday. JPMorgan Chase & Co. set a $78.00 price target on American Electric Power and gave the company a “hold” rating in a report on Friday, January 25th. Goldman Sachs Group cut American Electric Power from a “buy” rating to a “neutral” rating and set a $78.00 price target for the company. in a report on Monday, April 8th. Finally, Mizuho cut American Electric Power from a “buy” rating to a “neutral” rating and set a $72.00 price target for the company. in a report on Thursday, January 3rd. They noted that the move was a valuation call. Eight investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. American Electric Power has an average rating of “Buy” and an average target price of $79.01.

AEP stock opened at $83.01 on Friday. American Electric Power Company Inc has a 1-year low of $62.71 and a 1-year high of $86.10. The company has a market capitalization of $40.94 billion, a PE ratio of 21.02, a P/E/G ratio of 3.61 and a beta of 0.17. The company has a debt-to-equity ratio of 1.14, a quick ratio of 0.37 and a current ratio of 0.48.

American Electric Power (NYSE:AEP) last released its quarterly earnings data on Thursday, January 24th. The utilities provider reported $0.72 earnings per share for the quarter, beating the consensus estimate of $0.71 by $0.01. American Electric Power had a return on equity of 10.32% and a net margin of 11.91%. The company had revenue of $3.80 billion for the quarter, compared to analyst estimates of $3.97 billion. During the same period in the prior year, the company posted $0.85 EPS. The company’s revenue was up .0% compared to the same quarter last year. Analysts forecast that American Electric Power Company Inc will post 4.12 earnings per share for the current year.

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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. 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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