Mutual of America Capital Management LLC Has $5.88 Million Stake in American Electric Power Company, Inc. (NASDAQ:AEP)

Mutual of America Capital Management LLC trimmed its holdings in shares of American Electric Power Company, Inc. (NASDAQ:AEP) by 2.6% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 63,789 shares of the company’s stock after selling 1,725 shares during the period. Mutual of America Capital Management LLC’s holdings in American Electric Power were worth $5,883,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Legacy Investment Solutions LLC bought a new stake in shares of American Electric Power during the third quarter worth $25,000. Safe Harbor Fiduciary LLC bought a new stake in shares of American Electric Power during the third quarter worth $33,000. Newbridge Financial Services Group Inc. bought a new stake in shares of American Electric Power during the fourth quarter worth $35,000. Kestra Investment Management LLC bought a new stake in shares of American Electric Power during the fourth quarter worth $35,000. Finally, Decker Retirement Planning Inc. bought a new stake in shares of American Electric Power during the fourth quarter worth $49,000. 75.24% of the stock is owned by institutional investors and hedge funds.

American Electric Power Stock Up 1.6 %

NASDAQ:AEP opened at $107.70 on Tuesday. American Electric Power Company, Inc. has a 1 year low of $79.16 and a 1 year high of $107.84. The company has a current ratio of 0.44, a quick ratio of 0.31 and a debt-to-equity ratio of 1.46. The stock has a market cap of $57.43 billion, a price-to-earnings ratio of 19.23, a PEG ratio of 2.97 and a beta of 0.58. The stock has a 50-day moving average price of $98.28 and a two-hundred day moving average price of $98.46.

American Electric Power (NASDAQ:AEP) last posted its earnings results on Thursday, February 13th. The company reported $1.24 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $1.24. American Electric Power had a return on equity of 11.27% and a net margin of 15.08%. During the same period in the previous year, the business earned $1.23 earnings per share. As a group, equities analysts expect that American Electric Power Company, Inc. will post 5.87 earnings per share for the current year.

American Electric Power Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, March 10th. Stockholders of record on Monday, February 10th will be given a dividend of $0.93 per share. The ex-dividend date of this dividend is Monday, February 10th. This represents a $3.72 annualized dividend and a dividend yield of 3.45%. American Electric Power’s dividend payout ratio is currently 66.43%.

Wall Street Analyst Weigh In

AEP has been the subject of a number of recent research reports. Barclays dropped their target price on American Electric Power from $100.00 to $99.00 and set an “equal weight” rating for the company in a research report on Tuesday, November 26th. Evercore ISI dropped their price objective on 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. Scotiabank downgraded American Electric Power from a “sector outperform” rating to a “sector perform” rating and dropped their price objective for the company from $105.00 to $102.00 in a report on Thursday, December 12th. 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 report on Thursday, December 12th. Finally, Wells Fargo & Company dropped their price objective on American Electric Power from $104.00 to $102.00 and set an “equal weight” rating for the company in a report on Thursday, November 7th. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating and five have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $98.46.

American Electric Power Company 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.