Mercer Global Advisors Inc. ADV Increases Position in American Electric Power Company, Inc. (NASDAQ:AEP)

Mercer Global Advisors Inc. ADV boosted its holdings in shares of American Electric Power Company, Inc. (NASDAQ:AEPGet Rating) by 2.3% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 24,237 shares of the company’s stock after acquiring an additional 554 shares during the period. Mercer Global Advisors Inc. ADV’s holdings in American Electric Power were worth $2,156,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also made changes to their positions in AEP. Arlington Partners LLC acquired a new position in shares of American Electric Power in the 4th quarter worth approximately $29,000. Future Financial Wealth Managment LLC purchased a new position in American Electric Power in the 4th quarter valued at approximately $39,000. Consolidated Planning Corp acquired a new stake in shares of American Electric Power in the 3rd quarter valued at $42,000. Old North State Trust LLC raised its holdings in shares of American Electric Power by 38.8% in the 4th quarter. Old North State Trust LLC now owns 615 shares of the company’s stock valued at $55,000 after purchasing an additional 172 shares in the last quarter. Finally, PSI Advisors LLC acquired a new stake in American Electric Power during the 3rd quarter worth $58,000. 74.08% of the stock is owned by institutional investors.

Several research analysts have issued reports on AEP shares. Morgan Stanley raised their price objective on shares of American Electric Power from $112.00 to $117.00 and gave the stock an “overweight” rating in a research report on Wednesday. Mizuho boosted their price objective on shares of American Electric Power from $94.00 to $104.00 and gave the stock a “buy” rating in a report on Tuesday, March 29th. Wells Fargo & Company upgraded shares of American Electric Power from an “equal weight” rating to an “overweight” rating and lifted their target price for the stock from $93.00 to $101.00 in a research report on Monday, February 28th. Royal Bank of Canada lifted 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 report on Monday, March 7th. Finally, StockNews.com assumed coverage on shares of American Electric Power in a research report on Thursday, March 31st. They issued a “hold” rating for the company. Two research analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. According to MarketBeat, American Electric Power presently has an average rating of “Buy” and a consensus price target of $103.31.

Shares of AEP opened at $102.12 on Friday. American Electric Power Company, Inc. has a 52-week low of $80.22 and a 52-week high of $104.81. The company has a quick ratio of 0.55, a current ratio of 0.63 and a debt-to-equity ratio of 1.38. The firm has a 50-day moving average price of $96.18 and a 200 day moving average price of $89.71. The firm has a market capitalization of $51.52 billion, a PE ratio of 20.51, a P/E/G ratio of 3.54 and a beta of 0.35.

American Electric Power (NASDAQ:AEPGet Rating) last posted its quarterly earnings data on Thursday, February 24th. The company reported $0.98 earnings per share for the quarter, beating the Thomson Reuters’ 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 analyst estimates of $3.94 billion. During the same quarter last year, the firm posted $0.87 EPS. The business’s revenue for the quarter was up 13.9% on a year-over-year basis. On average, equities analysts expect that American Electric Power Company, Inc. will post 4.99 EPS for the current year.

In other American Electric Power news, CEO Nicholas K. Akins sold 2,100 shares of the stock in a transaction that occurred 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 filing with the SEC, which is accessible through the SEC website. Also, EVP Paul Chodak III sold 6,361 shares of the stock in a transaction that occurred on Tuesday, March 15th. The shares were sold at an average price of $95.54, for a total value of $607,729.94. The disclosure for this sale can be found here. Insiders sold 32,562 shares of company stock valued at $3,040,061 over the last three months. 0.12% of the stock is owned by insiders.

About American Electric Power (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.

Featured Stories

Want to see what other hedge funds are holding AEP? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for American Electric Power Company, Inc. (NASDAQ:AEPGet Rating).

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

Receive News & Ratings for American Electric Power Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for American Electric Power and related companies with MarketBeat.com's FREE daily email newsletter.