American Electric Power Company, Inc. (NASDAQ:AEP) Shares Bought by Huber Capital Management LLC

Huber Capital Management LLC grew its holdings in shares of American Electric Power Company, Inc. (NASDAQ:AEP) by 167.5% in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 19,262 shares of the company’s stock after buying an additional 12,061 shares during the period. Huber Capital Management LLC’s holdings in American Electric Power were worth $1,690,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also made changes to their positions in AEP. Summit Trail Advisors LLC grew its position in shares of American Electric Power by 18.8% in the 2nd quarter. Summit Trail Advisors LLC now owns 4,004 shares of the company’s stock valued at $351,000 after buying an additional 634 shares during the last quarter. Thrivent Financial for Lutherans boosted its stake in American Electric Power by 10.7% in the second quarter. Thrivent Financial for Lutherans now owns 26,743 shares of the company’s stock valued at $2,346,000 after acquiring an additional 2,593 shares in the last quarter. Sei Investments Co. grew its holdings in shares of American Electric Power by 10.7% during the second quarter. Sei Investments Co. now owns 366,927 shares of the company’s stock worth $32,195,000 after purchasing an additional 35,491 shares during the last quarter. Pacer Advisors Inc. increased its position in shares of American Electric Power by 3.5% during the second quarter. Pacer Advisors Inc. now owns 62,032 shares of the company’s stock worth $5,443,000 after purchasing an additional 2,106 shares in the last quarter. Finally, AE Wealth Management LLC lifted its holdings in shares of American Electric Power by 5.0% in the 2nd quarter. AE Wealth Management LLC now owns 152,965 shares of the company’s stock valued at $13,421,000 after purchasing an additional 7,250 shares during the last quarter. 75.24% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several research analysts have commented on AEP shares. Barclays lifted their price target on American Electric Power from $91.00 to $96.00 and gave the stock an “equal weight” rating in a research report on Thursday, August 1st. Morgan Stanley upped their price target on shares of American Electric Power from $95.00 to $102.00 and gave the company an “overweight” rating in a research report on Friday, August 23rd. Bank of America raised their price objective on shares of American Electric Power from $97.00 to $98.00 and gave the stock an “underperform” rating in a research report on Thursday, August 29th. LADENBURG THALM/SH SH raised shares of American Electric Power from a “sell” rating to a “neutral” rating and upped their target price for the company from $73.00 to $86.00 in a report on Thursday, June 6th. Finally, BMO Capital Markets raised their price target on American Electric Power from $105.00 to $109.00 and gave the stock an “outperform” rating in a report on Monday, September 9th. Two analysts have rated the stock with a sell rating, seven have given a hold rating and six have issued a buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $96.00.

American Electric Power Trading Up 0.4 %

Shares of AEP stock opened at $102.15 on Friday. The business’s fifty day moving average price is $98.82 and its 200 day moving average price is $90.96. The firm has a market capitalization of $53.85 billion, a PE ratio of 18.95, a P/E/G ratio of 2.95 and a beta of 0.54. The company has a debt-to-equity ratio of 1.53, a current ratio of 0.65 and a quick ratio of 0.48. American Electric Power Company, Inc. has a 1-year low of $69.38 and a 1-year high of $105.18.

American Electric Power (NASDAQ:AEP) last announced its quarterly earnings results on Tuesday, July 30th. The company reported $1.25 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.23 by $0.02. The business had revenue of $4.60 billion during the quarter, compared to the consensus estimate 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 quarter last year, the firm posted $1.13 EPS. As a group, sell-side analysts forecast that American Electric Power Company, Inc. will post 5.59 EPS for the current fiscal year.

American Electric Power Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, September 10th. Investors of record on Friday, August 9th were issued 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 is currently 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.