Huber Capital Management LLC Has $1.69 Million Stock Position in American Electric Power Company, Inc. (NASDAQ:AEP)

Huber Capital Management LLC lifted its position in American Electric Power Company, Inc. (NASDAQ:AEP - Free Report) by 167.5% during the second quarter, according to its most recent 13F filing with the SEC. The institutional investor 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 at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. HHM Wealth Advisors LLC grew its position in American Electric Power by 57.2% in the second quarter. HHM Wealth Advisors LLC now owns 283 shares of the company's stock worth $25,000 after buying an additional 103 shares during the last quarter. E Fund Management Co. Ltd. grew its holdings in shares of American Electric Power by 2.0% in the 2nd quarter. E Fund Management Co. Ltd. now owns 5,286 shares of the company's stock worth $464,000 after acquiring an additional 105 shares during the last quarter. Bank of Stockton grew its holdings in shares of American Electric Power by 2.2% in the 2nd quarter. Bank of Stockton now owns 5,062 shares of the company's stock worth $444,000 after acquiring an additional 111 shares during the last quarter. Richardson Financial Services Inc. raised its position in shares of American Electric Power by 3.9% during the first quarter. Richardson Financial Services Inc. now owns 3,084 shares of the company's stock worth $266,000 after purchasing an additional 115 shares during the period. Finally, Addison Advisors LLC lifted its holdings in shares of American Electric Power by 14.8% during the second quarter. Addison Advisors LLC now owns 902 shares of the company's stock valued at $79,000 after purchasing an additional 116 shares during the last quarter. Institutional investors and hedge funds own 75.24% of the company's stock.

Analyst Ratings Changes

Several research firms have issued reports on AEP. JPMorgan Chase & Co. boosted their price objective on American Electric Power from $101.00 to $108.00 and gave the stock an "overweight" rating in a report on Wednesday, August 7th. Bank of America upped their price target on shares of American Electric Power from $97.00 to $98.00 and gave the company an "underperform" rating in a research report on Thursday, August 29th. Guggenheim boosted their target price on shares of American Electric Power from $81.00 to $83.00 and gave the company a "neutral" rating in a research note on Monday, July 22nd. Jefferies Financial Group assumed coverage on American Electric Power in a research report on Friday. They issued a "hold" rating and a $107.00 target price for the company. Finally, Morgan Stanley upped their price target on American Electric Power from $95.00 to $102.00 and gave the company an "overweight" rating in a research report on Friday, August 23rd. Two 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 stock currently has an average rating of "Hold" and an average target price of $96.00.

American Electric Power Stock Up 0.4 %

AEP stock traded up $0.41 during trading hours on Friday, hitting $102.15. The company's stock had a trading volume of 5,395,288 shares, compared to its average volume of 3,212,766. The stock has a 50 day moving average price of $98.82 and a two-hundred day moving average price of $90.96. American Electric Power Company, Inc. has a 12 month low of $69.38 and a 12 month high of $105.18. The company 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. The company has a quick ratio of 0.48, a current ratio of 0.65 and a debt-to-equity ratio of 1.53.

American Electric Power (NASDAQ:AEP - Get Free Report) last posted its 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. American Electric Power had a net margin of 13.52% and a return on equity of 11.31%. The firm had revenue of $4.60 billion for the quarter, compared to the consensus estimate of $4.74 billion. During the same period in the prior year, the business posted $1.13 earnings per share. The business's quarterly revenue was up 4.5% on a year-over-year basis. On average, equities research analysts expect that American Electric Power Company, Inc. will post 5.59 earnings per share for the current year.

American Electric Power Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, September 10th. Shareholders of record on Friday, August 9th were issued a dividend of $0.88 per share. The ex-dividend date was Friday, August 9th. This represents a $3.52 annualized dividend and a yield of 3.45%. American Electric Power's dividend payout ratio (DPR) is presently 65.31%.

About American Electric Power

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.