Beaumont Financial Advisors LLC Purchases 46,006 Shares of American Electric Power Company, Inc. (NASDAQ:AEP)

Beaumont Financial Advisors LLC grew its position in shares of American Electric Power Company, Inc. (NASDAQ:AEP) by 875.3% during the 4th quarter, Holdings Channel.com reports. The firm owned 51,262 shares of the company’s stock after acquiring an additional 46,006 shares during the period. Beaumont Financial Advisors LLC’s holdings in American Electric Power were worth $4,164,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. FSC Wealth Advisors LLC boosted its holdings in American Electric Power by 222.0% during the 3rd quarter. FSC Wealth Advisors LLC now owns 351 shares of the company’s stock valued at $26,000 after acquiring an additional 242 shares during the period. Fairfield Bush & CO. purchased a new stake in American Electric Power during the 2nd quarter valued at about $26,000. Penserra Capital Management LLC purchased a new stake in American Electric Power during the 1st quarter valued at about $27,000. True Wealth Design LLC purchased a new stake in American Electric Power during the 4th quarter valued at about $28,000. Finally, Chilton Capital Management LLC purchased a new stake in American Electric Power during the 1st quarter valued at about $28,000. 75.24% of the stock is currently owned by hedge funds and other institutional investors.

American Electric Power Stock Up 2.6 %

Shares of AEP traded up $2.12 on Friday, reaching $84.68. The stock had a trading volume of 2,988,499 shares, compared to its average volume of 3,758,268. American Electric Power Company, Inc. has a 12-month low of $69.38 and a 12-month high of $94.73. The company has a debt-to-equity ratio of 1.49, a quick ratio of 0.36 and a current ratio of 0.53. The firm has a market capitalization of $44.59 billion, a price-to-earnings ratio of 19.43, a price-to-earnings-growth ratio of 2.87 and a beta of 0.51. The company has a 50-day simple moving average of $82.75 and a 200-day simple moving average of $79.87.

American Electric Power (NASDAQ:AEP) last posted its quarterly earnings data on Tuesday, February 27th. The company reported $1.23 earnings per share for the quarter, missing analysts’ consensus estimates of $1.26 by ($0.03). American Electric Power had a net margin of 11.64% and a return on equity of 11.04%. The company had revenue of $4.60 billion for the quarter, compared to the consensus estimate of $5.12 billion. During the same period last year, the business earned $1.05 EPS. The firm’s quarterly revenue was down 6.1% on a year-over-year basis. Sell-side analysts predict that American Electric Power Company, Inc. will post 5.54 EPS for the current year.

Analysts Set New Price Targets

Several equities research analysts have weighed in on AEP shares. LADENBURG THALM/SH SH cut American Electric Power from a “neutral” rating to a “sell” rating and dropped their price objective for the stock from $75.50 to $73.00 in a report on Friday, March 8th. Guggenheim cut American Electric Power from a “buy” rating to a “neutral” rating and set a $81.00 price objective for the company. in a report on Monday, January 22nd. UBS Group cut American Electric Power from a “neutral” rating to a “sell” rating and dropped their price objective for the stock from $86.00 to $83.00 in a report on Monday, March 11th. Cfra reiterated a “buy” rating and issued a $92.00 price objective (up previously from $90.00) on shares of American Electric Power in a report on Tuesday, February 27th. Finally, Barclays increased their price objective on American Electric Power from $83.00 to $84.00 and gave the stock an “equal weight” rating in a report on Monday. Three research analysts have rated the stock with a sell rating, three have issued a hold rating and six have assigned a buy rating to the company’s stock. Based on data from MarketBeat, American Electric Power has an average rating of “Hold” and a consensus target price of $86.08.

About American Electric Power

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.