MFA Wealth Services Takes $210,000 Position in American Electric Power Company, Inc. (NASDAQ:AEP)

MFA Wealth Services bought a new stake in American Electric Power Company, Inc. (NASDAQ:AEP) in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund bought 2,277 shares of the company’s stock, valued at approximately $210,000.

Other institutional investors and hedge funds have also bought and sold shares of the company. Legacy Investment Solutions LLC purchased a new stake in shares of American Electric Power during the third quarter valued at approximately $25,000. Safe Harbor Fiduciary LLC purchased a new stake in American Electric Power during the 3rd quarter valued at $33,000. Reston Wealth Management LLC bought a new stake in American Electric Power in the 3rd quarter worth $48,000. Decker Retirement Planning Inc. bought a new stake in American Electric Power in the 4th quarter worth $49,000. Finally, Future Financial Wealth Managment LLC purchased a new position in shares of American Electric Power in the third quarter valued at about $50,000. 75.24% of the stock is currently owned by institutional investors.

American Electric Power Stock Down 0.0 %

NASDAQ:AEP opened at $97.47 on Friday. The firm has a 50-day simple moving average of $94.83 and a two-hundred day simple moving average of $97.12. The firm has a market cap of $51.87 billion, a P/E ratio of 19.53, a P/E/G ratio of 2.78 and a beta of 0.56. American Electric Power Company, Inc. has a fifty-two week low of $75.22 and a fifty-two week high of $105.18. The company has a debt-to-equity ratio of 1.47, a quick ratio of 0.41 and a current ratio of 0.57.

American Electric Power Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, March 10th. Shareholders of record on Monday, February 10th will be issued a $0.93 dividend. This represents a $3.72 dividend on an annualized basis and a dividend yield of 3.82%. The ex-dividend date is Monday, February 10th. American Electric Power’s payout ratio is 74.55%.

Analyst Ratings Changes

AEP has been the subject of several research analyst reports. 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. Morgan Stanley cut their price objective on American Electric Power from $109.00 to $104.00 and set an “overweight” rating on the stock in a research report on Friday, November 22nd. Barclays decreased 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. Bank of America upgraded 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, Evercore ISI lowered their price objective on American Electric Power from $97.00 to $96.00 and set an “in-line” rating for the company in a research report on Thursday, November 7th. One analyst has rated the stock with a sell rating, eight have given a hold rating and six have given a buy rating to the stock. According to MarketBeat, American Electric Power currently has a consensus rating of “Hold” and a consensus target price of $98.00.

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.