Gilman Hill Asset Management LLC Sells 300 Shares of American Electric Power Company, Inc. (NASDAQ:AEP)

Gilman Hill Asset Management LLC trimmed its stake in shares of American Electric Power Company, Inc. (NASDAQ:AEP) by 9.7% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 2,785 shares of the company’s stock after selling 300 shares during the quarter. Gilman Hill Asset Management LLC’s holdings in American Electric Power were worth $257,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also bought and sold shares of the company. Ellsworth Advisors LLC purchased a new stake in shares of American Electric Power during the fourth quarter worth about $4,868,000. Cascade Investment Group Inc. raised its position in American Electric Power by 103.6% during the 4th quarter. Cascade Investment Group Inc. now owns 4,633 shares of the company’s stock valued at $427,000 after purchasing an additional 2,357 shares during the last quarter. Grove Bank & Trust lifted its holdings in American Electric Power by 436.9% in the 4th quarter. Grove Bank & Trust now owns 7,092 shares of the company’s stock worth $654,000 after buying an additional 5,771 shares during the period. J2 Capital Management Inc purchased a new stake in American Electric Power in the 4th quarter worth approximately $419,000. Finally, Aaron Wealth Advisors LLC increased its stake in shares of American Electric Power by 44.8% during the fourth quarter. Aaron Wealth Advisors LLC now owns 4,262 shares of the company’s stock valued at $393,000 after buying an additional 1,318 shares during the period. 75.24% of the stock is owned by hedge funds and other institutional investors.

American Electric Power Price Performance

AEP opened at $97.25 on Tuesday. American Electric Power Company, Inc. has a 1 year low of $75.22 and a 1 year high of $105.18. The stock has a 50-day moving average price of $94.52 and a 200-day moving average price of $96.97. The firm has a market cap of $51.75 billion, a PE ratio of 19.49, a P/E/G ratio of 2.58 and a beta of 0.56. The company has a debt-to-equity ratio of 1.47, a current ratio of 0.57 and a quick ratio of 0.41.

Analysts Set New Price Targets

A number of brokerages recently commented on AEP. Barclays dropped their price target on American Electric Power from $100.00 to $99.00 and set an “equal weight” rating for the company in a research note on Tuesday, November 26th. Bank of America raised shares of American Electric Power from an “underperform” rating to a “buy” rating and lifted their target price for the company from $98.00 to $104.00 in a research note on Monday, January 13th. BMO Capital Markets decreased their price target on shares of American Electric Power from $108.00 to $100.00 and set an “outperform” rating for the company in a research note on Friday, January 10th. Wells Fargo & Company cut their price objective on American Electric Power from $104.00 to $102.00 and set an “equal weight” rating on the stock in a research report on Thursday, November 7th. Finally, Scotiabank lowered American Electric Power from a “sector outperform” rating to a “sector perform” rating and decreased their target price for the stock from $105.00 to $102.00 in a research report on Thursday, December 12th. One investment analyst has rated the stock with a sell rating, nine have given a hold rating and five have given a buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $98.00.

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.