American Electric Power Company Inc (AEP) Holdings Reduced by Huber Capital Management LLC

Huber Capital Management LLC cut its position in American Electric Power Company Inc (NYSE:AEP) by 9.2% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 15,700 shares of the utilities provider’s stock after selling 1,600 shares during the period. Huber Capital Management LLC’s holdings in American Electric Power were worth $1,103,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently made changes to their positions in the business. Thompson Davis & CO. Inc. raised its stake in shares of American Electric Power by 0.3% in the second quarter. Thompson Davis & CO. Inc. now owns 1,747 shares of the utilities provider’s stock worth $121,000 after acquiring an additional 6 shares during the last quarter. Jackson Grant Investment Advisers Inc. raised its stake in shares of American Electric Power by 0.4% in the second quarter. Jackson Grant Investment Advisers Inc. now owns 2,824 shares of the utilities provider’s stock worth $196,000 after acquiring an additional 12 shares during the last quarter. Barry Investment Advisors LLC raised its stake in shares of American Electric Power by 0.4% in the second quarter. Barry Investment Advisors LLC now owns 4,187 shares of the utilities provider’s stock worth $291,000 after acquiring an additional 17 shares during the last quarter. Sequoia Financial Advisors LLC raised its stake in shares of American Electric Power by 0.3% in the second quarter. Sequoia Financial Advisors LLC now owns 6,286 shares of the utilities provider’s stock worth $437,000 after acquiring an additional 17 shares during the last quarter. Finally, Vantage Investment Advisors LLC raised its stake in shares of American Electric Power by 0.9% in the second quarter. Vantage Investment Advisors LLC now owns 1,862 shares of the utilities provider’s stock worth $129,000 after acquiring an additional 17 shares during the last quarter. 71.01% of the stock is owned by institutional investors.

A number of equities research analysts recently weighed in on the stock. Royal Bank Of Canada reissued a “hold” rating and set a $74.00 price target on shares of American Electric Power in a research note on Monday, October 30th. ValuEngine raised shares of American Electric Power from a “hold” rating to a “buy” rating in a research note on Tuesday, November 14th. Morgan Stanley reissued an “equal weight” rating on shares of American Electric Power in a research note on Friday, September 8th. J P Morgan Chase & Co boosted their price target on shares of American Electric Power to $75.00 and gave the stock a “neutral” rating in a research note on Thursday, October 12th. Finally, BidaskClub raised shares of American Electric Power from a “hold” rating to a “buy” rating in a research note on Tuesday, August 22nd. Nine analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus price target of $73.91.

Shares of American Electric Power Company Inc (NYSE:AEP) opened at $77.39 on Tuesday. The company has a debt-to-equity ratio of 1.01, a quick ratio of 0.43 and a current ratio of 0.56. The firm has a market cap of $37,993.23, a P/E ratio of 22.19, a P/E/G ratio of 4.50 and a beta of 0.30. American Electric Power Company Inc has a 12 month low of $57.90 and a 12 month high of $78.07.

American Electric Power (NYSE:AEP) last posted its quarterly earnings results on Thursday, October 26th. The utilities provider reported $1.10 earnings per share for the quarter, missing the Zacks’ consensus estimate of $1.16 by ($0.06). The business had revenue of $4.10 billion for the quarter, compared to the consensus estimate of $4.42 billion. American Electric Power had a return on equity of 9.67% and a net margin of 12.21%. The company’s quarterly revenue was down 12.8% on a year-over-year basis. During the same period last year, the firm earned $1.30 earnings per share. analysts predict that American Electric Power Company Inc will post 3.61 EPS for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 8th. Investors of record on Friday, November 10th will be issued a dividend of $0.62 per share. The ex-dividend date of this dividend is Thursday, November 9th. This represents a $2.48 dividend on an annualized basis and a yield of 3.20%. This is a boost from American Electric Power’s previous quarterly dividend of $0.59. American Electric Power’s payout ratio is currently 64.92%.

ILLEGAL ACTIVITY WARNING: “American Electric Power Company Inc (AEP) Holdings Reduced by Huber Capital Management LLC” was first posted by Community Financial News and is the property of of Community Financial News. If you are accessing this piece of content on another domain, it was illegally copied and republished in violation of United States and international trademark and copyright law. The correct version of this piece of content can be read at https://www.com-unik.info/2017/12/05/american-electric-power-company-inc-aep-holdings-reduced-by-huber-capital-management-llc.html.

American Electric Power Company Profile

American Electric Power Company, Inc (AEP) is a public utility holding company that owns, directly or indirectly, all of the outstanding common stock of its public utility subsidiaries and varying percentages of other subsidiaries. The service areas of the Company’s public utility subsidiaries cover the states of Arkansas, Indiana, Kentucky, Louisiana, Michigan, Ohio, Oklahoma, Tennessee, Texas, Virginia and West Virginia.

Want to see what other hedge funds are holding AEP? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for American Electric Power Company Inc (NYSE:AEP).

Institutional Ownership by Quarter for American Electric Power (NYSE:AEP)

What are top analysts saying about American Electric Power Company Inc? - Enter your email address in the form below to receive our free daily email newsletter that contains the latest headlines and analysts' recommendations for for American Electric Power Company Inc and related companies.

Comments

Leave a Reply


share news on Facebook
tweet this investment news
share on linkedin
share on StockTwits
share on Google Plus
share on reddit