Traders Buy Shares of American Electric Power (AEP) on Weakness

Investors purchased shares of American Electric Power Company Inc (NYSE:AEP) on weakness during trading on Tuesday. $57.91 million flowed into the stock on the tick-up and $30.00 million flowed out of the stock on the tick-down, for a money net flow of $27.91 million into the stock. Of all stocks tracked, American Electric Power had the 19th highest net in-flow for the day. American Electric Power traded down ($1.21) for the day and closed at $83.05

AEP has been the topic of a number of research analyst reports. Zacks Investment Research lowered shares of American Electric Power from a “hold” rating to a “sell” rating in a report on Friday, January 4th. Guggenheim lowered shares of American Electric Power from a “buy” rating to a “neutral” rating in a report on Monday, January 7th. They noted that the move was a valuation call. JPMorgan Chase & Co. set a $78.00 price target on shares of American Electric Power and gave the company a “hold” rating in a report on Friday, January 25th. Mizuho lowered shares of American Electric Power from a “buy” rating to a “neutral” rating and set a $72.00 price target on the stock. in a report on Thursday, January 3rd. They noted that the move was a valuation call. Finally, Morgan Stanley lifted their price target on shares of American Electric Power from $81.00 to $84.00 and gave the company an “overweight” rating in a report on Tuesday, February 12th. Seven investment analysts have rated the stock with a hold rating and nine have given a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and an average price target of $79.07.

The firm has a market cap of $41.56 billion, a price-to-earnings ratio of 21.03, a price-to-earnings-growth ratio of 3.61 and a beta of 0.17. The company has a current ratio of 0.48, a quick ratio of 0.37 and a debt-to-equity ratio of 1.14.

American Electric Power (NYSE:AEP) last issued its earnings results on Thursday, January 24th. The utilities provider reported $0.72 EPS for the quarter, beating the Zacks’ consensus estimate of $0.71 by $0.01. American Electric Power had a net margin of 11.91% and a return on equity of 10.32%. The business had revenue of $3.80 billion for the quarter, compared to the consensus estimate of $3.97 billion. During the same quarter last year, the firm posted $0.85 EPS. The business’s revenue for the quarter was up .0% compared to the same quarter last year. On average, research analysts expect that American Electric Power Company Inc will post 4.12 earnings per share for the current year.

Several hedge funds have recently modified their holdings of AEP. Legacy Advisors LLC purchased a new stake in American Electric Power during the 1st quarter worth $25,000. Sageworth Trust Co increased its stake in American Electric Power by 1,026.9% during the 1st quarter. Sageworth Trust Co now owns 293 shares of the utilities provider’s stock worth $25,000 after buying an additional 267 shares during the period. Truvestments Capital LLC purchased a new stake in American Electric Power during the 1st quarter worth $28,000. Capital Financial Planning LLC purchased a new stake in American Electric Power during the 4th quarter worth $26,000. Finally, Claybrook Capital LLC purchased a new stake in American Electric Power during the 4th quarter worth $27,000. 73.51% of the stock is currently owned by institutional investors and hedge funds.

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About American Electric Power (NYSE:AEP)

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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