Huber Capital Management LLC Has $1.24 Million Stake in American Electric Power Company, Inc. (NASDAQ:AEP)

Huber Capital Management LLC reduced its position in shares of American Electric Power Company, Inc. (NASDAQ:AEP) by 30.2% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 13,444 shares of the company’s stock after selling 5,818 shares during the period. Huber Capital Management LLC’s holdings in American Electric Power were worth $1,240,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently added to or reduced their stakes in the company. Raymond James Financial Inc. acquired a new stake in American Electric Power during the fourth quarter worth approximately $220,983,000. Janus Henderson Group PLC raised its stake in American Electric Power by 109.5% in the third quarter. Janus Henderson Group PLC now owns 3,753,250 shares of the company’s stock valued at $385,079,000 after purchasing an additional 1,962,125 shares in the last quarter. 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 purchasing an additional 1,114,954 shares during the period. Zacks Investment Management acquired a new stake in American Electric Power during the third quarter worth about $80,207,000. Finally, Vanguard Group Inc. raised its position in shares of American Electric Power by 1.5% in the 4th quarter. Vanguard Group Inc. now owns 51,690,606 shares of the company’s stock valued at $4,767,425,000 after buying an additional 763,813 shares in the last quarter. Institutional investors own 75.24% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts have weighed in on the company. Morgan Stanley upped their target price on American Electric Power from $108.00 to $113.00 and gave the stock an “overweight” rating in a research note on Thursday, March 20th. BMO Capital Markets increased their price objective 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. 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 note on Thursday, December 12th. Scotiabank lowered American Electric Power from a “sector outperform” rating to a “sector perform” rating and cut their price target for the company from $105.00 to $102.00 in a research note on Thursday, December 12th. Finally, Guggenheim upgraded shares of American Electric Power from a “neutral” rating to a “buy” rating in a research report on Thursday, January 23rd. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $100.77.

American Electric Power Price Performance

Shares of NASDAQ AEP opened at $107.75 on Thursday. American Electric Power Company, Inc. has a 1 year low of $79.16 and a 1 year high of $109.76. The stock has a market capitalization of $57.51 billion, a P/E ratio of 19.24, a P/E/G ratio of 2.97 and a beta of 0.50. The company’s 50-day moving average is $103.44 and its 200 day moving average is $99.23. The company has a debt-to-equity ratio of 1.46, a current ratio of 0.44 and a quick ratio of 0.31.

American Electric Power (NASDAQ:AEP) last released its quarterly earnings results on Thursday, February 13th. The company reported $1.24 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates 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 in the prior year, the company posted $1.23 earnings per share. On average, sell-side analysts expect that American Electric Power Company, Inc. will post 5.87 earnings per share for the current year.

American Electric Power Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, March 10th. Investors of record on Monday, February 10th were issued a dividend of $0.93 per share. This represents a $3.72 dividend on an annualized basis and a dividend yield of 3.45%. The ex-dividend date of this dividend was Monday, February 10th. American Electric Power’s dividend payout ratio (DPR) is 66.43%.

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.