MFA Wealth Advisors LLC Boosts Stake in American Electric Power Company, Inc. (NASDAQ:AEP)

MFA Wealth Advisors LLC grew its position in shares of American Electric Power Company, Inc. (NASDAQ:AEP) by 37.1% during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 1,208 shares of the company’s stock after buying an additional 327 shares during the quarter. MFA Wealth Advisors LLC’s holdings in American Electric Power were worth $124,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. RFG Advisory LLC purchased a new stake in shares of American Electric Power during the 1st quarter worth approximately $211,000. International Assets Investment Management LLC increased its position in American Electric Power by 24.3% in the first quarter. International Assets Investment Management LLC now owns 4,055 shares of the company’s stock worth $343,000 after buying an additional 793 shares during the last quarter. AdvisorNet Financial Inc raised its stake in shares of American Electric Power by 17.3% in the first quarter. AdvisorNet Financial Inc now owns 3,511 shares of the company’s stock valued at $302,000 after buying an additional 518 shares during the period. Sunbelt Securities Inc. lifted its position in shares of American Electric Power by 13.7% during the 1st quarter. Sunbelt Securities Inc. now owns 3,735 shares of the company’s stock valued at $322,000 after buying an additional 451 shares during the last quarter. Finally, Future Financial Wealth Managment LLC purchased a new position in shares of American Electric Power during the 1st quarter valued at $41,000. Hedge funds and other institutional investors own 75.24% of the company’s stock.

American Electric Power Trading Up 0.9 %

Shares of AEP stock opened at $100.83 on Thursday. The company has a market capitalization of $53.15 billion, a PE ratio of 18.71, a price-to-earnings-growth ratio of 2.79 and a beta of 0.54. American Electric Power Company, Inc. has a 52-week low of $73.75 and a 52-week high of $105.18. The business’s fifty day moving average is $100.52 and its 200 day moving average is $93.63. The company has a debt-to-equity ratio of 1.53, a quick ratio of 0.48 and a current ratio of 0.65.

American Electric Power (NASDAQ:AEP) last released its quarterly earnings results on Tuesday, July 30th. The company reported $1.25 earnings per share for the quarter, beating the consensus estimate of $1.23 by $0.02. The firm had revenue of $4.60 billion for the quarter, compared to analysts’ expectations of $4.74 billion. American Electric Power had a return on equity of 11.31% and a net margin of 13.52%. The company’s revenue was up 4.5% compared to the same quarter last year. During the same quarter last year, the firm posted $1.13 EPS. On average, equities research analysts anticipate that American Electric Power Company, Inc. will post 5.6 EPS for the current fiscal year.

American Electric Power Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, December 10th. Shareholders of record on Friday, November 8th will be given a dividend of $0.93 per share. The ex-dividend date of this dividend is Friday, November 8th. This is a positive change from American Electric Power’s previous quarterly dividend of $0.88. This represents a $3.72 annualized dividend and a yield of 3.69%. American Electric Power’s payout ratio is presently 65.31%.

Analyst Ratings Changes

Several equities research analysts recently weighed in on AEP shares. Jefferies Financial Group assumed coverage on American Electric Power in a report on Friday, September 20th. They issued a “hold” rating and a $107.00 price objective for the company. Scotiabank lifted their target price on shares of American Electric Power from $99.00 to $108.00 and gave the stock a “sector outperform” rating in a research note on Tuesday, August 20th. Barclays upped their price target on shares of American Electric Power from $96.00 to $100.00 and gave the company an “equal weight” rating in a research note on Tuesday, October 15th. Guggenheim raised their price objective on shares of American Electric Power from $81.00 to $83.00 and gave the stock a “neutral” rating in a report on Monday, July 22nd. Finally, Bank of America boosted their target price on shares of American Electric Power from $97.00 to $98.00 and gave the company an “underperform” rating in a report on Thursday, August 29th. Two analysts have rated the stock with a sell rating, seven have assigned a hold rating and six have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $98.43.

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.