Kovitz Investment Group Partners LLC Raises Stock Holdings in American Electric Power Company, Inc. (NASDAQ:AEP)

Kovitz Investment Group Partners LLC grew its holdings in shares of American Electric Power Company, Inc. (NASDAQ:AEPGet Rating) by 18.1% during the fourth quarter, Holdings Channel reports. The firm owned 15,970 shares of the company’s stock after purchasing an additional 2,450 shares during the quarter. Kovitz Investment Group Partners LLC’s holdings in American Electric Power were worth $1,330,000 at the end of the most recent quarter.

A number of other large investors have also modified their holdings of AEP. Summit X LLC raised its position in American Electric Power by 1.9% in the 4th quarter. Summit X LLC now owns 6,491 shares of the company’s stock valued at $572,000 after purchasing an additional 120 shares during the last quarter. Ferguson Wellman Capital Management Inc. raised its holdings in American Electric Power by 1.4% during the fourth quarter. Ferguson Wellman Capital Management Inc. now owns 9,003 shares of the company’s stock worth $801,000 after acquiring an additional 125 shares in the last quarter. Jeppson Wealth Management LLC raised its holdings in American Electric Power by 0.4% during the fourth quarter. Jeppson Wealth Management LLC now owns 35,503 shares of the company’s stock worth $3,159,000 after acquiring an additional 129 shares in the last quarter. Stratos Wealth Advisors LLC raised its holdings in American Electric Power by 1.7% during the fourth quarter. Stratos Wealth Advisors LLC now owns 7,751 shares of the company’s stock worth $690,000 after acquiring an additional 130 shares in the last quarter. Finally, Marcum Wealth LLC raised its holdings in American Electric Power by 4.1% during the fourth quarter. Marcum Wealth LLC now owns 3,338 shares of the company’s stock worth $297,000 after acquiring an additional 130 shares in the last quarter. Institutional investors own 74.08% of the company’s stock.

In related news, CEO Nicholas K. Akins sold 2,100 shares of the firm’s stock in a transaction on Tuesday, February 1st. The stock was sold at an average price of $89.91, for a total transaction of $188,811.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, EVP David Matthew Feinberg sold 2,699 shares of the stock in a transaction dated Monday, April 4th. The stock was sold at an average price of $100.85, for a total value of $272,194.15. Following the sale, the executive vice president now owns 16,302 shares of the company’s stock, valued at $1,644,056.70. The disclosure for this sale can be found here. Insiders sold a total of 32,562 shares of company stock valued at $3,040,061 over the last quarter. 0.12% of the stock is owned by corporate insiders.

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

NASDAQ:AEP traded up $0.28 during trading hours on Tuesday, reaching $101.94. 24,687 shares of the company were exchanged, compared to its average volume of 3,240,177. The company has a market capitalization of $51.43 billion, a P/E ratio of 20.53, a P/E/G ratio of 3.54 and a beta of 0.35. American Electric Power Company, Inc. has a 1-year low of $80.22 and a 1-year high of $104.81. The company has a debt-to-equity ratio of 1.38, a current ratio of 0.63 and a quick ratio of 0.55. The business has a 50 day moving average of $95.21 and a 200 day moving average of $89.32.

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

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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