American Electric Power Company, Inc. (NASDAQ:AEP) Shares Purchased by Kingsview Wealth Management LLC

Kingsview Wealth Management LLC increased its holdings in shares of American Electric Power Company, Inc. (NASDAQ:AEP) by 3.4% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 22,063 shares of the company’s stock after purchasing an additional 731 shares during the quarter. Kingsview Wealth Management LLC’s holdings in American Electric Power were worth $2,035,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. DAVENPORT & Co LLC raised its stake in American Electric Power by 6.1% in the fourth quarter. DAVENPORT & Co LLC now owns 57,574 shares of the company’s stock valued at $5,310,000 after buying an additional 3,288 shares in the last quarter. Secure Asset Management LLC lifted its holdings in shares of American Electric Power by 22.4% in the 4th quarter. Secure Asset Management LLC now owns 23,916 shares of the company’s stock valued at $2,206,000 after buying an additional 4,370 shares during the period. Grove Bank & Trust increased its holdings in shares of American Electric Power by 436.9% in the 4th quarter. Grove Bank & Trust now owns 7,092 shares of the company’s stock valued at $654,000 after purchasing an additional 5,771 shares in the last quarter. J2 Capital Management Inc purchased a new position in American Electric Power in the 4th quarter valued at approximately $419,000. Finally, Principal Financial Group Inc. raised its stake in shares of American Electric Power by 3.1% during the 3rd quarter. Principal Financial Group Inc. now owns 640,029 shares of the company’s stock worth $65,667,000 after buying an additional 19,081 shares during the last quarter. 75.24% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several research firms have issued reports on AEP. BMO Capital Markets decreased their price target on shares of American Electric Power from $108.00 to $100.00 and set an “outperform” rating on the stock in a research note on Friday, January 10th. Morgan Stanley cut their price target on American Electric Power from $109.00 to $104.00 and set an “overweight” rating for the company in a report on Friday, November 22nd. Guggenheim raised shares of American Electric Power from a “neutral” rating to a “buy” rating in a research note on Thursday, January 23rd. Evercore ISI decreased their price target on shares of American Electric Power from $97.00 to $96.00 and set an “in-line” rating on the stock in a report on Thursday, November 7th. Finally, Barclays dropped their price objective on American Electric Power from $100.00 to $99.00 and set an “equal weight” rating for the company in a report on Tuesday, November 26th. One analyst has rated the stock with a sell rating, eight have assigned a hold rating and six have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $98.00.

American Electric Power Trading Up 0.5 %

Shares of AEP opened at $100.83 on Tuesday. The stock has a market cap of $53.65 billion, a PE ratio of 20.21, a P/E/G ratio of 2.84 and a beta of 0.58. American Electric Power Company, Inc. has a 12 month low of $76.31 and a 12 month high of $105.18. The stock’s 50-day moving average is $95.11 and its two-hundred day moving average is $97.79. The company has a debt-to-equity ratio of 1.47, a current ratio of 0.57 and a quick ratio of 0.41.

American Electric Power Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, March 10th. Stockholders of record on Monday, February 10th will be paid a $0.93 dividend. The ex-dividend date of this dividend is Monday, February 10th. This represents a $3.72 annualized dividend and a dividend yield of 3.69%. American Electric Power’s dividend payout ratio (DPR) is presently 74.55%.

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.