Mission Wealth Management LP Has $796,000 Stock Position in American Electric Power Company, Inc. (NASDAQ:AEP)

Mission Wealth Management LP boosted its position in American Electric Power Company, Inc. (NASDAQ:AEP) by 10.8% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 8,636 shares of the company’s stock after buying an additional 840 shares during the quarter. Mission Wealth Management LP’s holdings in American Electric Power were worth $796,000 at the end of the most recent reporting period.

Several other institutional investors have also recently bought and sold shares of AEP. Legacy Investment Solutions LLC acquired a new stake in shares of American Electric Power in the third quarter valued at about $25,000. Safe Harbor Fiduciary LLC acquired a new stake in American Electric Power in the 3rd quarter valued at approximately $33,000. Newbridge Financial Services Group Inc. bought a new position in American Electric Power in the 4th quarter worth approximately $35,000. Kestra Investment Management LLC acquired a new position in shares of American Electric Power during the fourth quarter worth approximately $35,000. Finally, Decker Retirement Planning Inc. bought a new stake in shares of American Electric Power in the fourth quarter valued at approximately $49,000. Institutional investors own 75.24% of the company’s stock.

American Electric Power Stock Performance

American Electric Power stock opened at $105.24 on Wednesday. The firm has a market capitalization of $56.12 billion, a P/E ratio of 18.79, a P/E/G ratio of 2.97 and a beta of 0.58. The stock has a fifty day moving average price of $98.53 and a two-hundred day moving average price of $98.52. American Electric Power Company, Inc. has a 52-week low of $79.16 and a 52-week high of $109.52. The company has a debt-to-equity ratio of 1.46, a current ratio of 0.44 and a quick ratio of 0.31.

American Electric Power (NASDAQ:AEP) last announced its earnings results on Thursday, February 13th. The company reported $1.24 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $1.24. American Electric Power had a net margin of 15.08% and a return on equity of 11.27%. During the same quarter in the previous year, the company posted $1.23 earnings per share. As a group, analysts anticipate that American Electric Power Company, Inc. will post 5.87 EPS for the current fiscal year.

American Electric Power Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, March 10th. Investors of record on Monday, February 10th will be given a dividend of $0.93 per share. The ex-dividend date is Monday, February 10th. This represents a $3.72 dividend on an annualized basis and a yield of 3.53%. American Electric Power’s dividend payout ratio (DPR) is presently 66.43%.

Wall Street Analyst Weigh In

A number of equities analysts recently issued reports on the stock. Morgan Stanley dropped their target price on shares of 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. JPMorgan Chase & Co. reiterated a “neutral” rating and issued a $102.00 target price (down previously from $109.00) on shares of American Electric Power in a research note on Thursday, December 12th. BMO Capital Markets decreased their target price on American Electric Power from $108.00 to $100.00 and set an “outperform” rating on the stock in a research report on Friday, January 10th. Wells Fargo & Company cut their price target on American Electric Power from $104.00 to $102.00 and set an “equal weight” rating for the company in a report on Thursday, November 7th. Finally, Barclays decreased their price objective on American Electric Power from $100.00 to $99.00 and set an “equal weight” rating on the stock in a report on Tuesday, November 26th. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating and five have given a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus 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.