Jones Financial Companies Adds $24M in American Electric Power Company, Inc. ($AEP)
Key Points
- Jones Financial Companies changed its American Electric Power Company, Inc. ($AEP) stake by 100.6% last quarter, boosting to 367,382 shares worth $47.20 million.
- Wall Street's consensus rating on $AEP is Buy and an average price target of $144.33.
- $AEP last traded around $128.48.
Jones Financial Companies increased its position in American Electric Power Company, Inc. ($AEP) by 100.6% during the most recent quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 367,382 shares of American Electric Power Company, Inc. after buying 184,282 shares during the quarter. Jones Financial Companies's holdings in American Electric Power Company, Inc. were worth $47.20 million as of its most recent filing.
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About American Electric Power Company, Inc.
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. The company generates electricity using coal and lignite, nuclear, natural gas, renewable, hydro, solar, wind, and other energy sources; owns, operates, maintains, and invests in transmission infrastructure; and engages in the retail supply, and wholesale energy trading and marketing businesses. It operates approximately 252,000 circuit miles of distribution lines; 38,000 circuit miles of transmission lines; and 25,000 MWs of regulated owned generating capacity. American Electric Power Company, Inc. was incorporated in 1906 and is headquartered in Columbus, Ohio.
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