Rezny Wealth Management Inc. Has $1.26 Million Holdings in American Electric Power Company, Inc. (NASDAQ:AEP)

Rezny Wealth Management Inc. lifted its holdings in shares of American Electric Power Company, Inc. (NASDAQ:AEP) by 6.9% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 14,635 shares of the company’s stock after buying an additional 947 shares during the quarter. American Electric Power comprises approximately 0.4% of Rezny Wealth Management Inc.’s investment portfolio, making the stock its 13th biggest holding. Rezny Wealth Management Inc.’s holdings in American Electric Power were worth $1,260,000 at the end of the most recent quarter.

Other institutional investors also recently modified their holdings of the company. Personal CFO Solutions LLC lifted its holdings in American Electric Power by 2.5% in the fourth quarter. Personal CFO Solutions LLC now owns 5,345 shares of the company’s stock worth $434,000 after buying an additional 130 shares during the period. BLB&B Advisors LLC boosted its position in shares of American Electric Power by 4.0% during the fourth quarter. BLB&B Advisors LLC now owns 3,405 shares of the company’s stock valued at $277,000 after purchasing an additional 131 shares in the last quarter. Southland Equity Partners LLC grew its stake in American Electric Power by 4.2% in the first quarter. Southland Equity Partners LLC now owns 3,302 shares of the company’s stock worth $284,000 after purchasing an additional 133 shares during the period. Hexagon Capital Partners LLC raised its holdings in American Electric Power by 2.8% in the fourth quarter. Hexagon Capital Partners LLC now owns 4,975 shares of the company’s stock worth $404,000 after purchasing an additional 135 shares in the last quarter. Finally, CENTRAL TRUST Co lifted its position in American Electric Power by 1.0% during the fourth quarter. CENTRAL TRUST Co now owns 14,598 shares of the company’s stock valued at $1,186,000 after buying an additional 138 shares during the period. Institutional investors and hedge funds own 75.24% of the company’s stock.

American Electric Power Trading Up 0.3 %

AEP stock traded up $0.27 during mid-day trading on Wednesday, reaching $87.16. The company had a trading volume of 1,693,411 shares, compared to its average volume of 3,409,043. The company has a market capitalization of $45.94 billion, a PE ratio of 16.17, a price-to-earnings-growth ratio of 2.57 and a beta of 0.53. The firm has a 50 day moving average of $88.61 and a 200 day moving average of $84.05. American Electric Power Company, Inc. has a 12 month low of $69.38 and a 12 month high of $93.44. The company has a debt-to-equity ratio of 1.50, a current ratio of 0.54 and a quick ratio of 0.37.

American Electric Power (NASDAQ:AEP) last announced its quarterly earnings data on Tuesday, April 30th. The company reported $1.27 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.25 by $0.02. American Electric Power had a return on equity of 11.23% and a net margin of 14.60%. The company had revenue of $5 billion for the quarter, compared to analysts’ expectations of $5.02 billion. During the same quarter in the prior year, the firm earned $1.11 earnings per share. American Electric Power’s revenue was up 6.4% compared to the same quarter last year. On average, equities analysts predict that American Electric Power Company, Inc. will post 5.58 earnings per share for the current fiscal year.

American Electric Power Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, June 10th. Investors of record on Friday, May 10th were issued a dividend of $0.88 per share. This represents a $3.52 annualized dividend and a yield of 4.04%. The ex-dividend date of this dividend was Thursday, May 9th. American Electric Power’s payout ratio is 65.31%.

Analyst Ratings Changes

Several research analysts recently issued reports on AEP shares. Barclays increased their price target on shares of American Electric Power from $84.00 to $88.00 and gave the stock an “equal weight” rating in a research note on Thursday, May 2nd. Scotiabank upped their price target on American Electric Power from $86.00 to $90.00 and gave the stock a “sector outperform” rating in a research note on Wednesday, May 1st. Royal Bank of Canada lifted their price objective on American Electric Power from $90.00 to $100.00 and gave the company an “outperform” rating in a research note on Friday, May 3rd. UBS Group cut American Electric Power from a “neutral” rating to a “sell” rating and cut their target price for the stock from $86.00 to $83.00 in a research note on Monday, March 11th. Finally, BMO Capital Markets lifted their price target on American Electric Power from $95.00 to $99.00 and gave the stock an “outperform” rating in a research report on Tuesday, May 14th. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and six have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $88.62.

Insider Buying and Selling

In other American Electric Power news, EVP Antonio P. Smyth sold 4,898 shares of the stock in a transaction on Wednesday, June 5th. The stock was sold at an average price of $90.00, for a total transaction of $440,820.00. Following the sale, the executive vice president now owns 6,446 shares of the company’s stock, valued at approximately $580,140. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other news, EVP Greg B. Hall sold 5,880 shares of American Electric Power stock in a transaction that occurred on Friday, May 31st. The shares were sold at an average price of $88.25, for a total value of $518,910.00. Following the transaction, the executive vice president now owns 6,385 shares of the company’s stock, valued at approximately $563,476.25. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, EVP Antonio P. Smyth sold 4,898 shares of the stock in a transaction that occurred on Wednesday, June 5th. The shares were sold at an average price of $90.00, for a total transaction of $440,820.00. Following the sale, the executive vice president now directly owns 6,446 shares of the company’s stock, valued at approximately $580,140. The disclosure for this sale can be found here. 0.12% of the stock is currently owned by insiders.

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.