Elo Mutual Pension Insurance Co Invests $3.68 Million in American Electric Power Company, Inc. (NASDAQ:AEP)

Elo Mutual Pension Insurance Co acquired a new stake in shares of American Electric Power Company, Inc. (NASDAQ:AEP) during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 39,923 shares of the company’s stock, valued at approximately $3,682,000.

Several other hedge funds also recently added to or reduced their stakes in the stock. Skandinaviska Enskilda Banken AB publ acquired a new stake in shares of American Electric Power during the 4th quarter worth approximately $25,000. Legacy Investment Solutions LLC bought a new stake in shares of American Electric Power in the 3rd quarter worth $25,000. Safe Harbor Fiduciary LLC acquired a new stake in shares of American Electric Power in the third quarter valued at $33,000. Fairway Wealth LLC bought a new position in American Electric Power during the fourth quarter valued at about $32,000. Finally, Kestra Investment Management LLC acquired a new position in American Electric Power during the fourth quarter worth about $35,000. 75.24% of the stock is owned by institutional investors and hedge funds.

American Electric Power Stock Performance

NASDAQ AEP opened at $106.96 on Friday. American Electric Power Company, Inc. has a twelve month low of $79.16 and a twelve month high of $109.52. The company has a quick ratio of 0.31, a current ratio of 0.44 and a debt-to-equity ratio of 1.46. The company’s 50-day simple moving average is $102.78 and its 200 day simple moving average is $99.15. The stock has a market cap of $57.08 billion, a P/E ratio of 19.10, a PEG ratio of 2.97 and a beta of 0.50.

American Electric Power (NASDAQ:AEP) last released its quarterly earnings data on Thursday, February 13th. The company reported $1.24 earnings per share (EPS) for the quarter, hitting the consensus estimate of $1.24. American Electric Power had a return on equity of 11.27% and a net margin of 15.08%. During the same quarter last year, the company earned $1.23 earnings per share. As a group, research analysts forecast that American Electric Power Company, Inc. will post 5.87 earnings per share for the current fiscal year.

American Electric Power Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, March 10th. Stockholders of record on Monday, February 10th were issued a dividend of $0.93 per share. This represents a $3.72 annualized dividend and a dividend yield of 3.48%. The ex-dividend date was Monday, February 10th. American Electric Power’s payout ratio is 66.43%.

Analysts Set New Price Targets

Several research firms have recently weighed in on AEP. Guggenheim upgraded shares of American Electric Power from a “neutral” rating to a “buy” rating in a research report on Thursday, January 23rd. Bank of America raised their target price on shares of American Electric Power from $108.00 to $114.00 and gave the stock a “buy” rating in a report on Tuesday, March 18th. JPMorgan Chase & Co. reiterated a “neutral” rating and set a $102.00 price objective (down previously from $109.00) on shares of American Electric Power in a research report on Thursday, December 12th. Scotiabank cut American Electric Power from a “sector outperform” rating to a “sector perform” rating and decreased their target price for the stock from $105.00 to $102.00 in a report on Thursday, December 12th. Finally, BMO Capital Markets boosted their target price on American Electric Power from $107.00 to $111.00 and gave the stock an “outperform” rating in a research report on Wednesday. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating and five have assigned a buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $100.77.

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.