Coldstream Capital Management Inc. Has $779,000 Holdings in American Electric Power Company, Inc. (NASDAQ:AEP)

Coldstream Capital Management Inc. cut its position in American Electric Power Company, Inc. (NASDAQ:AEP) by 2.2% during the fourth quarter, Holdings Channel.com reports. The institutional investor owned 8,449 shares of the company’s stock after selling 194 shares during the quarter. Coldstream Capital Management Inc.’s holdings in American Electric Power were worth $779,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in AEP. Skandinaviska Enskilda Banken AB publ acquired a new position in American Electric Power in the fourth quarter valued at about $25,000. Fairway Wealth LLC bought a new position in shares of American Electric Power in the fourth quarter worth about $32,000. Newbridge Financial Services Group Inc. bought a new position in shares of American Electric Power in the fourth quarter worth about $35,000. Kestra Investment Management LLC bought a new position in shares of American Electric Power in the fourth quarter worth about $35,000. Finally, Lee Danner & Bass Inc. bought a new position in shares of American Electric Power in the fourth quarter worth about $38,000. 75.24% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

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

American Electric Power Price Performance

AEP opened at $107.06 on Tuesday. The company has a quick ratio of 0.31, a current ratio of 0.44 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. The company has a fifty day simple moving average of $105.46 and a 200 day simple moving average of $99.82. The stock has a market cap of $57.14 billion, a P/E ratio of 19.12, a P/E/G ratio of 2.97 and a beta of 0.43.

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

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