American Electric Power Company, Inc. (NASDAQ:AEP) Shares Sold by Calamos Advisors LLC

Calamos Advisors LLC lowered its stake in shares of American Electric Power Company, Inc. (NASDAQ:AEP) by 1.3% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 151,474 shares of the company’s stock after selling 1,978 shares during the quarter. Calamos Advisors LLC’s holdings in American Electric Power were worth $12,303,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently modified their holdings of the company. Xponance Inc. increased its position in American Electric Power by 5.1% during the 4th quarter. Xponance Inc. now owns 67,786 shares of the company’s stock worth $5,506,000 after purchasing an additional 3,302 shares in the last quarter. HF Advisory Group LLC increased its position in American Electric Power by 8.5% during the 4th quarter. HF Advisory Group LLC now owns 4,120 shares of the company’s stock worth $335,000 after purchasing an additional 324 shares in the last quarter. Daiwa Securities Group Inc. increased its position in American Electric Power by 3.8% during the 4th quarter. Daiwa Securities Group Inc. now owns 84,447 shares of the company’s stock worth $6,859,000 after purchasing an additional 3,113 shares in the last quarter. Maple Brown Abbott Ltd boosted its holdings in American Electric Power by 4.9% in the 4th quarter. Maple Brown Abbott Ltd now owns 1,688,890 shares of the company’s stock worth $137,155,000 after acquiring an additional 78,510 shares during the period. Finally, Archer Investment Corp boosted its holdings in American Electric Power by 112.5% in the 4th quarter. Archer Investment Corp now owns 15,299 shares of the company’s stock worth $1,243,000 after acquiring an additional 8,100 shares during the period. Institutional investors and hedge funds own 75.24% of the company’s stock.

American Electric Power Stock Performance

American Electric Power stock opened at $84.20 on Friday. The stock has a market cap of $44.34 billion, a P/E ratio of 19.81, a price-to-earnings-growth ratio of 2.87 and a beta of 0.51. The company has a current ratio of 0.53, a quick ratio of 0.36 and a debt-to-equity ratio of 1.49. The stock has a 50 day moving average of $82.90 and a 200-day moving average of $79.96. American Electric Power Company, Inc. has a 52 week low of $69.38 and a 52 week high of $94.73.

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

Analyst Ratings Changes

A number of research firms have weighed in on AEP. UBS Group cut American Electric Power from a “neutral” rating to a “sell” rating and decreased their price target for the stock from $86.00 to $83.00 in a report on Monday, March 11th. StockNews.com cut American Electric Power from a “hold” rating to a “sell” rating in a report on Friday, March 15th. Guggenheim cut American Electric Power from a “buy” rating to a “neutral” rating and set a $81.00 price target for the company. in a report on Monday, January 22nd. LADENBURG THALM/SH SH cut American Electric Power from a “neutral” rating to a “sell” rating and decreased their price target for the stock from $75.50 to $73.00 in a report on Friday, March 8th. Finally, Cfra restated a “buy” rating and issued a $92.00 price target (up previously from $90.00) on shares of American Electric Power in a report on Tuesday, February 27th. Three investment analysts have rated the stock with a sell rating, three have issued a hold rating and six have given a buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $86.08.

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.