Johnson Financial Group Inc. Has $339,000 Stock Holdings in American Electric Power Company, Inc. (NASDAQ:AEP)

Johnson Financial Group Inc. raised its stake in shares of American Electric Power Company, Inc. (NASDAQ:AEP) by 10.4% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 3,446 shares of the company’s stock after purchasing an additional 324 shares during the period. Johnson Financial Group Inc.’s holdings in American Electric Power were worth $339,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Skandinaviska Enskilda Banken AB publ bought a new stake in shares of American Electric Power in the fourth quarter valued at approximately $25,000. Fairway Wealth LLC acquired a new position in American Electric Power in the fourth quarter worth about $32,000. Kestra Investment Management LLC acquired a new position in American Electric Power in the fourth quarter worth about $35,000. Newbridge Financial Services Group Inc. acquired a new position in American Electric Power in the fourth quarter worth about $35,000. Finally, Lee Danner & Bass Inc. bought a new stake in American Electric Power during the fourth quarter worth about $38,000. Institutional investors and hedge funds own 75.24% of the company’s stock.

American Electric Power Trading Up 0.0 %

NASDAQ AEP opened at $106.74 on Monday. The firm has a market capitalization of $56.97 billion, a PE ratio of 19.06, a price-to-earnings-growth ratio of 2.97 and a beta of 0.43. The business’s 50-day moving average price is $105.38 and its two-hundred day moving average price is $99.76. The company has a current ratio of 0.44, a quick ratio of 0.31 and a debt-to-equity ratio of 1.46. American Electric Power Company, Inc. has a 12 month low of $85.70 and a 12 month high of $110.48.

American Electric Power (NASDAQ:AEP) last posted its quarterly earnings results on Thursday, February 13th. The company reported $1.24 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $1.24. American Electric Power had a return on equity of 11.27% and a net margin of 15.08%. During the same quarter in the previous year, the business posted $1.23 EPS. On average, analysts expect that American Electric Power Company, Inc. will post 5.87 EPS for the current year.

Analyst Ratings Changes

A number of analysts recently weighed in on AEP shares. Morgan Stanley set a $114.00 price target on shares of American Electric Power and gave the company an “overweight” rating in a report on Wednesday. BMO Capital Markets raised their price target on shares of American Electric Power from $111.00 to $115.00 and gave the company an “outperform” rating in a report on Monday, April 21st. Bank of America raised their price target on shares of American Electric Power from $108.00 to $114.00 and gave the company a “buy” rating in a report on Tuesday, March 18th. Guggenheim raised shares of American Electric Power from a “neutral” rating to a “buy” rating in a research report on Thursday, January 23rd. Finally, Barclays lifted their price target on shares of American Electric Power from $95.00 to $106.00 and gave the stock an “equal weight” rating in a research report on Tuesday, April 22nd. One analyst has rated the stock with a sell rating, eight have assigned a hold rating and five have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, American Electric Power presently has a consensus rating of “Hold” and an average target price of $101.69.

American Electric Power 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. It operates through Vertically Integrated Utilities, Transmission and Distribution Utilities, AEP Transmission Holdco, and Generation & Marketing segments.