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

Mutual of America Capital Management LLC cut its stake in shares of American Electric Power Company, Inc. (NASDAQ:AEP) by 2.6% in the 4th quarter, HoldingsChannel.com reports. The firm owned 63,789 shares of the company’s stock after selling 1,725 shares during the quarter. Mutual of America Capital Management LLC’s holdings in American Electric Power were worth $5,883,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of the stock. Janus Henderson Group PLC raised its stake in American Electric Power by 109.5% in the third quarter. Janus Henderson Group PLC now owns 3,753,250 shares of the company’s stock valued at $385,079,000 after buying an additional 1,962,125 shares during the period. State Street Corp raised its stake in American Electric Power by 4.3% in the third quarter. State Street Corp now owns 26,902,755 shares of the company’s stock valued at $2,760,223,000 after buying an additional 1,114,954 shares during the period. FMR LLC raised its stake in American Electric Power by 18.8% in the third quarter. FMR LLC now owns 6,866,952 shares of the company’s stock valued at $704,549,000 after buying an additional 1,087,163 shares during the period. Zacks Investment Management bought a new stake in American Electric Power in the third quarter valued at approximately $80,207,000. Finally, JPMorgan Chase & Co. raised its stake in American Electric Power by 31.6% in the third quarter. JPMorgan Chase & Co. now owns 3,075,032 shares of the company’s stock valued at $315,498,000 after buying an additional 738,756 shares during the period. 75.24% of the stock is owned by institutional investors and hedge funds.

American Electric Power Price Performance

American Electric Power stock opened at $107.70 on Tuesday. The stock’s fifty day moving average price is $98.28 and its two-hundred day moving average price is $98.46. American Electric Power Company, Inc. has a one year low of $79.16 and a one year high of $107.84. The company has a debt-to-equity ratio of 1.46, a current ratio of 0.44 and a quick ratio of 0.31. The firm has a market cap of $57.43 billion, a PE ratio of 19.23, a price-to-earnings-growth ratio of 2.97 and a beta of 0.58.

American Electric Power (NASDAQ:AEP) last posted its quarterly earnings data on Thursday, February 13th. The company reported $1.24 EPS for the quarter, hitting 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 quarter last year, the firm posted $1.23 EPS. As a group, research analysts expect that American Electric Power Company, Inc. will post 5.87 EPS for the current fiscal year.

American Electric Power Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 10th. Shareholders of record on Monday, February 10th will be paid a dividend of $0.93 per share. The ex-dividend date of this dividend is Monday, February 10th. This represents a $3.72 dividend on an annualized basis and a yield of 3.45%. American Electric Power’s dividend payout ratio (DPR) is presently 66.43%.

Analyst Ratings Changes

AEP has been the topic of several research analyst reports. Bank of America upgraded American Electric Power from an “underperform” rating to a “buy” rating and upped their price objective for the company from $98.00 to $104.00 in a research note on Monday, January 13th. JPMorgan Chase & Co. restated 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. Guggenheim upgraded American Electric Power from a “neutral” rating to a “buy” rating in a research note on Thursday, January 23rd. BMO Capital Markets dropped their price objective on 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. Finally, Evercore ISI lowered their target price on American Electric Power from $97.00 to $96.00 and set an “in-line” rating on the stock in a research note on Thursday, November 7th. One analyst has rated the stock with a sell rating, eight have issued a hold rating and five have assigned a buy rating to the company. According to MarketBeat, the stock has an average rating of “Hold” and an average target price of $98.46.

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.