American Electric Power Company, Inc. (NASDAQ:AEP) Shares Bought by Pettyjohn Wood & White Inc.

Pettyjohn Wood & White Inc. boosted its holdings in shares of American Electric Power Company, Inc. (NASDAQ:AEPGet Rating) by 13.9% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 5,686 shares of the company’s stock after purchasing an additional 694 shares during the period. Pettyjohn Wood & White Inc.’s holdings in American Electric Power were worth $506,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also bought and sold shares of the stock. BlackRock Inc. lifted its position in American Electric Power by 4.1% during the third quarter. BlackRock Inc. now owns 39,550,514 shares of the company’s stock valued at $3,210,708,000 after purchasing an additional 1,569,233 shares during the period. Wellington Management Group LLP lifted its position in American Electric Power by 10.2% during the third quarter. Wellington Management Group LLP now owns 15,398,310 shares of the company’s stock valued at $1,250,036,000 after purchasing an additional 1,430,681 shares during the period. Franklin Resources Inc. lifted its position in American Electric Power by 2.3% during the third quarter. Franklin Resources Inc. now owns 13,347,345 shares of the company’s stock valued at $1,083,540,000 after purchasing an additional 303,065 shares during the period. Capital Research Global Investors lifted its position in American Electric Power by 2.8% during the third quarter. Capital Research Global Investors now owns 8,339,118 shares of the company’s stock valued at $676,970,000 after purchasing an additional 228,671 shares during the period. Finally, Geode Capital Management LLC lifted its position in American Electric Power by 1.9% during the third quarter. Geode Capital Management LLC now owns 7,979,002 shares of the company’s stock valued at $645,812,000 after purchasing an additional 151,838 shares during the period. Institutional investors own 74.08% of the company’s stock.

In other news, CEO Nicholas K. Akins sold 2,100 shares of the stock in a transaction that occurred on Tuesday, February 1st. The shares were sold at an average price of $89.91, for a total value of $188,811.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Greg B. Hall sold 1,064 shares of the stock in a transaction that occurred on Tuesday, February 22nd. The shares were sold at an average price of $85.71, for a total transaction of $91,195.44. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 32,562 shares of company stock valued at $3,040,061. 0.12% of the stock is owned by corporate insiders.

Shares of AEP stock traded up $0.28 on Tuesday, reaching $101.94. 45,683 shares of the company were exchanged, compared to its average volume of 3,240,177. The company has a market cap of $51.43 billion, a price-to-earnings ratio of 20.53, a P/E/G ratio of 3.54 and a beta of 0.35. The business has a 50-day moving average price of $95.21 and a 200 day moving average price of $89.32. The company has a debt-to-equity ratio of 1.38, a quick ratio of 0.55 and a current ratio of 0.63. American Electric Power Company, Inc. has a 1 year low of $80.22 and a 1 year high of $104.81.

American Electric Power (NASDAQ:AEPGet Rating) last announced its quarterly earnings data on Thursday, February 24th. The company reported $0.98 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.94 by $0.04. American Electric Power had a net margin of 14.80% and a return on equity of 10.78%. The company had revenue of $4.10 billion during the quarter, compared to analysts’ expectations of $3.94 billion. During the same quarter in the prior year, the company earned $0.87 EPS. American Electric Power’s revenue was up 13.9% compared to the same quarter last year. As a group, equities analysts anticipate that American Electric Power Company, Inc. will post 4.99 earnings per share for the current year.

A number of research analysts recently issued reports on AEP shares. Seaport Res Ptn downgraded shares of American Electric Power from a “buy” rating to a “neutral” rating in a research report on Monday, March 14th. Morgan Stanley upped their price objective on shares of American Electric Power from $105.00 to $112.00 and gave the stock an “overweight” rating in a research report on Tuesday, March 22nd. StockNews.com initiated coverage on shares of American Electric Power in a research report on Thursday, March 31st. They issued a “hold” rating for the company. Royal Bank of Canada boosted their target price on shares of American Electric Power from $101.00 to $106.00 and gave the stock an “outperform” rating in a research note on Monday, March 7th. Finally, Mizuho boosted their target price on shares of American Electric Power from $94.00 to $104.00 and gave the stock a “buy” rating in a research note on Tuesday, March 29th. Two equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. Based on data from MarketBeat.com, American Electric Power presently has an average rating of “Buy” and a consensus target price of $102.48.

American Electric Power Company Profile (Get Rating)

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. It operates through Vertically Integrated Utilities, Transmission and Distribution Utilities, AEP Transmission Holdco, and Generation & Marketing segments.

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

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