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

Mutual of America Capital Management LLC decreased its holdings in shares of American Electric Power Company, Inc. (NASDAQ:AEP) by 3.6% during the second quarter, according to its most recent filing with the SEC. The firm owned 66,474 shares of the company’s stock after selling 2,473 shares during the period. Mutual of America Capital Management LLC’s holdings in American Electric Power were worth $5,832,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. L & S Advisors Inc purchased a new position in American Electric Power in the second quarter valued at about $2,398,000. Edgestream Partners L.P. purchased a new position in shares of American Electric Power in the 2nd quarter worth approximately $1,355,000. Excalibur Management Corp raised its stake in shares of American Electric Power by 15.5% during the 2nd quarter. Excalibur Management Corp now owns 3,782 shares of the company’s stock worth $332,000 after acquiring an additional 507 shares in the last quarter. Wulff Hansen & CO. lifted its position in American Electric Power by 8,674.0% during the second quarter. Wulff Hansen & CO. now owns 300,510 shares of the company’s stock valued at $26,367,000 after acquiring an additional 297,085 shares during the last quarter. Finally, Mesirow Financial Investment Management Inc. boosted its stake in American Electric Power by 1.6% in the second quarter. Mesirow Financial Investment Management Inc. now owns 38,590 shares of the company’s stock valued at $3,389,000 after acquiring an additional 620 shares in the last quarter. Institutional investors own 75.24% of the company’s stock.

Analysts Set New Price Targets

Several analysts have recently commented on AEP shares. Barclays increased their price objective on American Electric Power from $91.00 to $96.00 and gave the company an “equal weight” rating in a report on Thursday, August 1st. JPMorgan Chase & Co. raised their price target on American Electric Power from $101.00 to $108.00 and gave the stock an “overweight” rating in a report on Wednesday, August 7th. LADENBURG THALM/SH SH upgraded shares of American Electric Power from a “sell” rating to a “neutral” rating and upped their price objective for the company from $73.00 to $86.00 in a report on Thursday, June 6th. Bank of America lifted their target price on shares of American Electric Power from $97.00 to $98.00 and gave the stock an “underperform” rating in a research note on Thursday, August 29th. Finally, Guggenheim upped their price target on shares of American Electric Power from $81.00 to $83.00 and gave the company a “neutral” rating in a research note on Monday, July 22nd. Two equities research analysts have rated the stock with a sell rating, seven have given a hold rating and six have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $96.00.

American Electric Power Stock Up 0.4 %

Shares of AEP stock opened at $102.15 on Friday. American Electric Power Company, Inc. has a twelve month low of $69.38 and a twelve month high of $105.18. The stock has a market cap of $53.85 billion, a P/E ratio of 18.95, a P/E/G ratio of 2.95 and a beta of 0.54. The stock has a 50 day moving average of $98.82 and a 200 day moving average of $90.96. The company has a current ratio of 0.65, a quick ratio of 0.48 and a debt-to-equity ratio of 1.53.

American Electric Power (NASDAQ:AEP) last posted its earnings results on Tuesday, July 30th. The company reported $1.25 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.23 by $0.02. The firm had revenue of $4.60 billion during the quarter, compared to analysts’ expectations of $4.74 billion. American Electric Power had a net margin of 13.52% and a return on equity of 11.31%. The business’s revenue was up 4.5% compared to the same quarter last year. During the same period in the previous year, the business posted $1.13 EPS. As a group, sell-side analysts expect that American Electric Power Company, Inc. will post 5.59 EPS for the current year.

American Electric Power Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, September 10th. Stockholders of record on Friday, August 9th were given a $0.88 dividend. This represents a $3.52 dividend on an annualized basis and a dividend yield of 3.45%. The ex-dividend date of this dividend was Friday, August 9th. American Electric Power’s dividend payout ratio (DPR) is presently 65.31%.

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.