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

MFA Wealth Services acquired a new stake in shares of American Electric Power Company, Inc. (NASDAQ:AEP) in the fourth quarter, HoldingsChannel.com reports. The firm acquired 2,277 shares of the company’s stock, valued at approximately $210,000.

A number of other institutional investors also recently bought and sold shares of the company. Legacy Investment Solutions LLC purchased a new stake in shares of American Electric Power during the 3rd quarter valued at about $25,000. Safe Harbor Fiduciary LLC bought a new stake in American Electric Power during the third quarter valued at approximately $33,000. Reston Wealth Management LLC purchased a new stake in American Electric Power during the third quarter valued at approximately $48,000. Friedenthal Financial purchased a new position in shares of American Electric Power during the 3rd quarter worth $50,000. Finally, Future Financial Wealth Managment LLC bought a new stake in shares of American Electric Power during the 3rd quarter valued at $50,000. Institutional investors own 75.24% of the company’s stock.

American Electric Power Price Performance

NASDAQ:AEP opened at $97.47 on Friday. The company has a market capitalization 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. The business’s 50-day moving average is $94.83 and its 200 day moving average is $97.12. The company has a current ratio of 0.57, a quick ratio of 0.41 and a debt-to-equity ratio of 1.47. American Electric Power Company, Inc. has a 12 month low of $75.22 and a 12 month high of $105.18.

American Electric Power Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, March 10th. Investors 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 of this dividend is Monday, February 10th. American Electric Power’s dividend payout ratio (DPR) is presently 74.55%.

Wall Street Analyst Weigh In

AEP has been the topic of a number of recent research reports. Guggenheim raised American Electric Power from a “neutral” rating to a “buy” rating in a report on Thursday. Barclays lowered their price objective on American Electric Power from $100.00 to $99.00 and set an “equal weight” rating on the stock in a research report on Tuesday, November 26th. BMO Capital Markets cut their price objective on American Electric Power from $108.00 to $100.00 and set an “outperform” rating for the company in a research note on Friday, January 10th. Evercore ISI decreased their target price on shares of 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. Finally, Scotiabank lowered shares of American Electric Power from a “sector outperform” rating to a “sector perform” rating and dropped their price target for the stock from $105.00 to $102.00 in a research report on Thursday, December 12th. One research 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, the company presently has an average 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.