Cozad Asset Management Inc. lifted its holdings in shares of American Electric Power Company Inc (NYSE:AEP) by 3.6% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 29,054 shares of the utilities provider’s stock after buying an additional 1,021 shares during the period. Cozad Asset Management Inc.’s holdings in American Electric Power were worth $2,172,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in the business. Private Trust Co. NA boosted its position in American Electric Power by 3.5% in the fourth quarter. Private Trust Co. NA now owns 5,868 shares of the utilities provider’s stock worth $438,000 after purchasing an additional 199 shares during the last quarter. WealthPLAN Partners LLC boosted its position in American Electric Power by 1.9% in the third quarter. WealthPLAN Partners LLC now owns 12,150 shares of the utilities provider’s stock worth $945,000 after purchasing an additional 226 shares during the last quarter. Moody National Bank Trust Division boosted its position in American Electric Power by 0.4% in the fourth quarter. Moody National Bank Trust Division now owns 68,551 shares of the utilities provider’s stock worth $5,123,000 after purchasing an additional 241 shares during the last quarter. Arlington Partners LLC purchased a new position in American Electric Power in the fourth quarter worth about $30,000. Finally, Cullinan Associates Inc. boosted its position in American Electric Power by 7.1% in the fourth quarter. Cullinan Associates Inc. now owns 7,500 shares of the utilities provider’s stock worth $561,000 after purchasing an additional 500 shares during the last quarter. 72.66% of the stock is currently owned by institutional investors and hedge funds.

A number of research analysts have recently weighed in on AEP shares. Zacks Investment Research cut American Electric Power from a “hold” rating to a “sell” rating in a research report on Friday, January 4th. Guggenheim downgraded American Electric Power from a “buy” rating to a “neutral” rating in a research note on Monday, January 7th. They noted that the move was a valuation call. Wells Fargo & Co lifted their target price on American Electric Power from $77.00 to $81.00 and gave the company an “outperform” rating in a research note on Monday, September 17th. Morgan Stanley set a $80.00 target price on American Electric Power and gave the company a “buy” rating in a research note on Thursday, October 11th. Finally, Bank of America lifted their target price on American Electric Power from $76.00 to $78.00 and gave the company a “buy” rating in a research note on Friday, October 26th. Seven analysts have rated the stock with a hold rating and twelve 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 $76.41.

Shares of NYSE AEP traded down $1.38 during trading hours on Monday, hitting $73.06. 138,542 shares of the company traded hands, compared to its average volume of 2,881,745. The company has a market cap of $36.18 billion, a P/E ratio of 20.01, a P/E/G ratio of 3.11 and a beta of 0.10. The company has a debt-to-equity ratio of 1.10, a quick ratio of 0.46 and a current ratio of 0.56. American Electric Power Company Inc has a 12 month low of $62.71 and a 12 month high of $81.05.

American Electric Power (NYSE:AEP) last released its earnings results on Thursday, October 25th. The utilities provider reported $1.26 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.21 by $0.05. The firm had revenue of $4.30 billion for the quarter, compared to the consensus estimate of $4.26 billion. American Electric Power had a return on equity of 10.78% and a net margin of 12.14%. During the same quarter in the previous year, the company posted $1.10 EPS. As a group, equities analysts predict that American Electric Power Company Inc will post 3.95 EPS for the current year.

In other news, insider Lisa M. Barton sold 881 shares of the business’s stock in a transaction on Tuesday, November 20th. The stock was sold at an average price of $77.55, for a total value of $68,321.55. Following the completion of the transaction, the insider now directly owns 581 shares of the company’s stock, valued at approximately $45,056.55. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, insider Paul Chodak III sold 847 shares of the business’s stock in a transaction on Wednesday, November 14th. The stock was sold at an average price of $76.47, for a total value of $64,770.09. The disclosure for this sale can be found here. 0.16% of the stock is currently owned by corporate insiders.

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American Electric Power Company Profile

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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