Berkshire Asset Management LLC PA raised its position in American Electric Power Company Inc (NYSE:AEP) by 7.5% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 27,784 shares of the utilities provider’s stock after purchasing an additional 1,950 shares during the quarter. Berkshire Asset Management LLC PA’s holdings in American Electric Power were worth $2,044,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of the business. Schwab Charles Investment Management Inc. raised its position in American Electric Power by 3.2% in the fourth quarter. Schwab Charles Investment Management Inc. now owns 1,792,926 shares of the utilities provider’s stock valued at $131,906,000 after purchasing an additional 55,384 shares during the last quarter. Creative Planning raised its position in American Electric Power by 13.5% in the fourth quarter. Creative Planning now owns 77,408 shares of the utilities provider’s stock valued at $5,695,000 after purchasing an additional 9,231 shares during the last quarter. National Pension Service raised its position in American Electric Power by 2.1% in the fourth quarter. National Pension Service now owns 448,217 shares of the utilities provider’s stock valued at $32,975,000 after purchasing an additional 9,116 shares during the last quarter. USS Investment Management Ltd bought a new position in American Electric Power in the fourth quarter valued at about $6,813,000. Finally, Banced Corp bought a new position in American Electric Power in the fourth quarter valued at about $207,000. Hedge funds and other institutional investors own 71.09% of the company’s stock.

Several equities analysts have commented on AEP shares. Morgan Stanley upgraded American Electric Power from an “equal weight” rating to an “overweight” rating and set a $83.00 target price for the company in a research report on Wednesday, December 13th. ValuEngine downgraded American Electric Power from a “buy” rating to a “hold” rating in a research report on Tuesday, December 26th. Zacks Investment Research downgraded American Electric Power from a “hold” rating to a “sell” rating in a research report on Tuesday, December 12th. Guggenheim downgraded American Electric Power from a “neutral” rating to a “sell” rating in a research report on Tuesday, January 2nd. Finally, Royal Bank of Canada reiterated a “hold” rating and issued a $74.00 target price on shares of American Electric Power in a research report on Monday, October 30th. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating and eight have issued a buy rating to the stock. American Electric Power has an average rating of “Hold” and an average price target of $75.08.

Shares of American Electric Power Company Inc (NYSE:AEP) traded up $0.75 on Wednesday, hitting $68.25. The stock had a trading volume of 2,930,000 shares, compared to its average volume of 2,860,000. American Electric Power Company Inc has a 52 week low of $62.14 and a 52 week high of $78.07. The company has a quick ratio of 0.43, a current ratio of 0.56 and a debt-to-equity ratio of 1.01. The company has a market capitalization of $33,570.00, a P/E ratio of 17.82, a price-to-earnings-growth ratio of 3.65 and a beta of 0.30.

American Electric Power (NYSE:AEP) last issued its quarterly earnings data on Thursday, October 26th. The utilities provider reported $1.10 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $1.16 by ($0.06). American Electric Power had a return on equity of 9.67% and a net margin of 12.21%. The company had revenue of $4.10 billion for the quarter, compared to the consensus estimate of $4.42 billion. During the same quarter last year, the business earned $1.30 earnings per share. American Electric Power’s revenue was down 12.8% compared to the same quarter last year. research analysts predict that American Electric Power Company Inc will post 3.61 EPS for the current fiscal year.

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American Electric Power 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.

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

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