Huber Capital Management LLC Boosts Holdings in American Electric Power Company, Inc. (NASDAQ:AEP)

Huber Capital Management LLC boosted its holdings in shares of American Electric Power Company, Inc. (NASDAQ:AEP) by 167.5% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 19,262 shares of the company’s stock after acquiring an additional 12,061 shares during the period. Huber Capital Management LLC’s holdings in American Electric Power were worth $1,690,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently modified their holdings of the company. Summit Trail Advisors LLC raised its position in shares of American Electric Power by 18.8% during the 2nd quarter. Summit Trail Advisors LLC now owns 4,004 shares of the company’s stock worth $351,000 after purchasing an additional 634 shares during the last quarter. Thrivent Financial for Lutherans raised its position in shares of 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 buying an additional 2,593 shares during the last quarter. Sei Investments Co. raised its position in shares of American Electric Power by 10.7% in the second quarter. Sei Investments Co. now owns 366,927 shares of the company’s stock valued at $32,195,000 after buying an additional 35,491 shares during the last quarter. Pacer Advisors Inc. boosted its position in 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 acquiring an additional 2,106 shares during the last quarter. Finally, AE Wealth Management LLC raised its holdings in 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 acquiring an additional 7,250 shares during the last quarter. Hedge funds and other institutional investors own 75.24% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts have recently issued reports on the company. Barclays raised their price objective on American Electric Power from $91.00 to $96.00 and gave the stock an “equal weight” rating in a report on Thursday, August 1st. Bank of America lifted their price target on American Electric Power from $97.00 to $98.00 and gave the company an “underperform” rating in a report on Thursday, August 29th. LADENBURG THALM/SH SH upgraded shares of American Electric Power from a “sell” rating to a “neutral” rating and increased their price objective for the stock from $73.00 to $86.00 in a report on Thursday, June 6th. JPMorgan Chase & Co. boosted their target price on shares of American Electric Power from $101.00 to $108.00 and gave the company an “overweight” rating in a report on Wednesday, August 7th. Finally, Jefferies Financial Group began coverage on shares of American Electric Power in a research note on Friday. They set a “hold” rating and a $107.00 price target on the stock. Two equities research 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. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $96.00.

American Electric Power Trading Up 0.4 %

NASDAQ:AEP opened at $102.15 on Friday. American Electric Power Company, Inc. has a 12 month low of $69.38 and a 12 month high of $105.18. The business’s 50-day moving average is $98.82 and its two-hundred day moving average is $90.96. The company has a debt-to-equity ratio of 1.53, a current ratio of 0.65 and a quick ratio of 0.48. The firm has a market capitalization of $53.85 billion, a PE ratio of 18.95, a price-to-earnings-growth ratio of 2.95 and a beta of 0.54.

American Electric Power (NASDAQ:AEP) last released its quarterly earnings results on Tuesday, July 30th. The company reported $1.25 EPS for the quarter, topping the consensus estimate of $1.23 by $0.02. The firm had revenue of $4.60 billion for the quarter, compared to analyst estimates of $4.74 billion. American Electric Power had a return on equity of 11.31% and a net margin of 13.52%. American Electric Power’s revenue for the quarter was up 4.5% on a year-over-year basis. During the same period in the previous year, the company posted $1.13 EPS. Research analysts predict that American Electric Power Company, Inc. will post 5.59 earnings per share for the current fiscal year.

American Electric Power Dividend Announcement

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

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.