Rezny Wealth Management Inc. Increases Stake in American Electric Power Company, Inc. (NASDAQ:AEP)

Rezny Wealth Management Inc. lifted its stake in American Electric Power Company, Inc. (NASDAQ:AEP) by 2.2% during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 16,917 shares of the company’s stock after buying an additional 357 shares during the quarter. American Electric Power makes up about 0.4% of Rezny Wealth Management Inc.’s investment portfolio, making the stock its 22nd largest position. Rezny Wealth Management Inc.’s holdings in American Electric Power were worth $1,560,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Legacy Investment Solutions LLC bought a new position in American Electric Power during the third quarter valued at approximately $25,000. Safe Harbor Fiduciary LLC bought a new position in shares of American Electric Power during the 3rd quarter valued at approximately $33,000. Reston Wealth Management LLC purchased a new position in shares of American Electric Power in the third quarter valued at $48,000. Decker Retirement Planning Inc. bought a new stake in American Electric Power in the fourth quarter worth $49,000. Finally, Future Financial Wealth Managment LLC purchased a new stake in American Electric Power during the third quarter valued at $50,000. Institutional investors own 75.24% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts have commented on AEP shares. UBS Group lifted their price objective on shares of American Electric Power from $91.00 to $95.00 and gave the stock a “sell” rating in a research note on Thursday, November 7th. BMO Capital Markets dropped their price target on American Electric Power from $108.00 to $100.00 and set an “outperform” rating for the company in a research report on Friday, January 10th. Scotiabank downgraded American Electric Power from a “sector outperform” rating to a “sector perform” rating and decreased their price objective for the company from $105.00 to $102.00 in a research report on Thursday, December 12th. Bank of America upgraded American Electric Power from an “underperform” rating to a “buy” rating and lifted their target price for the stock from $98.00 to $104.00 in a report on Monday, January 13th. Finally, JPMorgan Chase & Co. restated a “neutral” rating and set a $102.00 price target (down previously from $109.00) on shares of American Electric Power in a report on Thursday, December 12th. One equities research analyst has rated the stock with a sell rating, nine have issued a hold rating and five have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $98.00.

American Electric Power Trading Up 0.4 %

NASDAQ AEP opened at $97.25 on Tuesday. The stock has a market cap of $51.75 billion, a PE ratio of 19.49, a PEG ratio of 2.58 and a beta of 0.56. American Electric Power Company, Inc. has a 12 month low of $75.22 and a 12 month high of $105.18. The company’s 50-day moving average price is $94.52 and its 200-day moving average price is $96.97. The company has a current ratio of 0.57, a quick ratio of 0.41 and a debt-to-equity ratio of 1.47.

About American Electric Power

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.