Koshinski Asset Management Inc. Has $1.20 Million Position in American Electric Power Company, Inc. (NASDAQ:AEP)

Koshinski Asset Management Inc. raised its holdings in shares of American Electric Power Company, Inc. (NASDAQ:AEP) by 1.7% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 12,989 shares of the company’s stock after purchasing an additional 212 shares during the quarter. Koshinski Asset Management Inc.’s holdings in American Electric Power were worth $1,198,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in AEP. Grove Bank & Trust boosted its holdings in shares of American Electric Power by 436.9% during 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 bought a new stake in shares of American Electric Power during the fourth quarter worth approximately $419,000. Principal Financial Group Inc. grew its position in shares of American Electric Power by 3.1% in the third quarter. Principal Financial Group Inc. now owns 640,029 shares of the company’s stock valued at $65,667,000 after purchasing an additional 19,081 shares during the last quarter. New England Asset Management Inc. bought a new position in shares of American Electric Power during the third quarter worth approximately $3,404,000. Finally, ING Groep NV lifted its holdings in American Electric Power by 244.3% during the 3rd quarter. ING Groep NV now owns 294,515 shares of the company’s stock worth $30,217,000 after purchasing an additional 208,974 shares during the last quarter. 75.24% of the stock is owned by institutional investors.

Analysts Set New Price Targets

AEP has been the topic of several recent research reports. Barclays lowered their price objective on American Electric Power from $100.00 to $99.00 and set an “equal weight” rating on the stock in a research report on Tuesday, November 26th. JPMorgan Chase & Co. reiterated a “neutral” rating and issued a $102.00 price objective (down previously from $109.00) on shares of American Electric Power in a research note on Thursday, December 12th. Evercore ISI cut their price objective on shares of American Electric Power from $97.00 to $96.00 and set an “in-line” rating for the company in a report on Thursday, November 7th. Bank of America upgraded shares of American Electric Power from an “underperform” rating to a “buy” rating and lifted their price target for the company from $98.00 to $104.00 in a research report on Monday, January 13th. Finally, BMO Capital Markets reduced their price target on American Electric Power from $108.00 to $100.00 and set an “outperform” rating on the stock in a research report on Friday, January 10th. One analyst has rated the stock with a sell rating, nine have issued a hold rating and five have given a buy rating to the company. According to MarketBeat, American Electric Power presently has a consensus rating of “Hold” and an average price target of $98.00.

American Electric Power Stock Performance

American Electric Power stock opened at $97.81 on Wednesday. The company has a quick ratio of 0.41, a current ratio of 0.57 and a debt-to-equity ratio of 1.47. The stock has a market cap of $52.05 billion, a PE ratio of 19.60, a P/E/G ratio of 2.76 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 business’s 50-day moving average price is $94.58 and its two-hundred day moving average price is $97.04.

American Electric Power Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, March 10th. Investors of record on Monday, February 10th will be issued a dividend of $0.93 per share. This represents a $3.72 annualized dividend and a dividend yield of 3.80%. American Electric Power’s dividend payout ratio (DPR) is presently 74.55%.

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.