Huber Capital Management LLC Sells 5,818 Shares of American Electric Power Company, Inc. (NASDAQ:AEP)

Huber Capital Management LLC trimmed its position in American Electric Power Company, Inc. (NASDAQ:AEP - Free Report) by 30.2% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 13,444 shares of the company's stock after selling 5,818 shares during the quarter. Huber Capital Management LLC's holdings in American Electric Power were worth $1,240,000 as of its most recent SEC filing.

Several other hedge funds have also bought and sold shares of the company. Vanguard Group Inc. boosted its holdings in shares of American Electric Power by 1.5% during the 4th quarter. Vanguard Group Inc. now owns 51,690,606 shares of the company's stock worth $4,767,425,000 after buying an additional 763,813 shares during the period. State Street Corp lifted its position in American Electric Power by 4.3% during the third quarter. State Street Corp now owns 26,902,755 shares of the company's stock worth $2,760,223,000 after acquiring an additional 1,114,954 shares during the last quarter. GQG Partners LLC boosted its holdings in shares of American Electric Power by 3.7% during the fourth quarter. GQG Partners LLC now owns 15,060,525 shares of the company's stock worth $1,389,032,000 after acquiring an additional 543,054 shares during the period. Geode Capital Management LLC grew its position in shares of American Electric Power by 2.3% in the fourth quarter. Geode Capital Management LLC now owns 12,808,003 shares of the company's stock valued at $1,178,174,000 after purchasing an additional 283,311 shares during the last quarter. Finally, Allspring Global Investments Holdings LLC increased its stake in shares of American Electric Power by 2.2% during the fourth quarter. Allspring Global Investments Holdings LLC now owns 4,644,349 shares of the company's stock worth $427,009,000 after purchasing an additional 100,578 shares during the period. 75.24% of the stock is currently owned by institutional investors and hedge funds.

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American Electric Power Price Performance

Shares of AEP stock traded down $4.63 on Friday, reaching $104.48. The company had a trading volume of 7,367,841 shares, compared to its average volume of 3,107,684. The business's 50-day moving average is $103.79 and its 200 day moving average is $99.26. American Electric Power Company, Inc. has a one year low of $79.16 and a one year high of $110.48. 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 stock has a market capitalization of $55.76 billion, a PE ratio of 18.66, a price-to-earnings-growth ratio of 2.97 and a beta of 0.43.

American Electric Power (NASDAQ:AEP - Get Free Report) last issued its quarterly earnings data on Thursday, February 13th. The company reported $1.24 EPS for the quarter, meeting the consensus estimate of $1.24. American Electric Power had a net margin of 15.08% and a return on equity of 11.27%. During the same period in the prior year, the business posted $1.23 earnings per share. Equities research analysts forecast 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 disclosed a quarterly dividend, which was paid on Monday, March 10th. Investors of record on Monday, February 10th were issued a $0.93 dividend. The ex-dividend date of this dividend was Monday, February 10th. This represents a $3.72 dividend on an annualized basis and a yield of 3.56%. American Electric Power's dividend payout ratio (DPR) is presently 66.43%.

Analyst Upgrades and Downgrades

A number of brokerages have commented on AEP. Morgan Stanley upped their price objective on American Electric Power from $108.00 to $113.00 and gave the company an "overweight" rating in a report on Thursday, March 20th. BMO Capital Markets upped their price target on shares of American Electric Power from $107.00 to $111.00 and gave the company an "outperform" rating in a research note on Wednesday, March 26th. Scotiabank cut shares of American Electric Power from a "sector outperform" rating to a "sector perform" rating and dropped their price objective for the stock from $105.00 to $102.00 in a research note on Thursday, December 12th. Guggenheim upgraded shares of American Electric Power from a "neutral" rating to a "buy" rating in a research report on Thursday, January 23rd. Finally, JPMorgan Chase & Co. reiterated a "neutral" rating and issued a $102.00 price target (down from $109.00) on shares of American Electric Power in a research report on Thursday, December 12th. One research 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. According to data from MarketBeat.com, the company presently has an average rating of "Hold" and an average price target 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.