Sequoia Financial Advisors LLC Has $12.03 Million Stock Position in American Electric Power Company, Inc. $AEP

Sequoia Financial Advisors LLC lifted its stake in shares of American Electric Power Company, Inc. (NASDAQ:AEP) by 4.9% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 106,910 shares of the company’s stock after purchasing an additional 4,978 shares during the period. Sequoia Financial Advisors LLC’s holdings in American Electric Power were worth $12,027,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Soroban Capital Partners LP increased its holdings in American Electric Power by 176.3% during the second quarter. Soroban Capital Partners LP now owns 4,004,686 shares of the company’s stock worth $415,526,000 after buying an additional 2,555,415 shares during the last quarter. Amundi grew its position in shares of American Electric Power by 26.1% in the 2nd quarter. Amundi now owns 3,694,659 shares of the company’s stock valued at $381,510,000 after acquiring an additional 765,258 shares during the period. State Street Corp grew its position in shares of American Electric Power by 2.3% in the 2nd quarter. State Street Corp now owns 28,516,466 shares of the company’s stock valued at $2,958,869,000 after acquiring an additional 653,712 shares during the period. Invesco Ltd. increased its stake in shares of American Electric Power by 5.9% during the 2nd quarter. Invesco Ltd. now owns 7,802,211 shares of the company’s stock worth $809,557,000 after purchasing an additional 432,441 shares during the last quarter. Finally, National Pension Service raised its holdings in shares of American Electric Power by 22.8% in the 2nd quarter. National Pension Service now owns 1,894,580 shares of the company’s stock valued at $196,582,000 after purchasing an additional 352,198 shares during the period. 75.24% of the stock is owned by institutional investors.

American Electric Power Stock Performance

NASDAQ:AEP opened at $119.96 on Monday. The stock has a 50 day simple moving average of $117.93 and a 200 day simple moving average of $114.10. The stock has a market cap of $64.07 billion, a P/E ratio of 17.49, a PEG ratio of 2.87 and a beta of 0.63. American Electric Power Company, Inc. has a 1-year low of $96.80 and a 1-year high of $124.80. The company has a current ratio of 0.69, a quick ratio of 0.53 and a debt-to-equity ratio of 1.41.

American Electric Power (NASDAQ:AEP) last issued its quarterly earnings data on Wednesday, October 29th. The company reported $1.80 EPS for the quarter, missing analysts’ consensus estimates of $1.81 by ($0.01). American Electric Power had a net margin of 17.23% and a return on equity of 11.00%. The firm had revenue of $6.01 billion during the quarter, compared to analyst estimates of $5.65 billion. During the same period in the prior year, the company earned $1.85 earnings per share. The business’s quarterly revenue was up 10.9% compared to the same quarter last year. American Electric Power has set its FY 2025 guidance at 5.850-5.95 EPS. Research analysts anticipate that American Electric Power Company, Inc. will post 5.87 earnings per share for the current year.

American Electric Power Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, December 10th. Shareholders of record on Monday, November 10th were paid a $0.95 dividend. This is a positive change from American Electric Power’s previous quarterly dividend of $0.93. The ex-dividend date was Monday, November 10th. This represents a $3.80 annualized dividend and a yield of 3.2%. American Electric Power’s dividend payout ratio is presently 55.39%.

Analyst Upgrades and Downgrades

A number of equities analysts recently commented on the company. Barclays lifted their price target on American Electric Power from $111.00 to $117.00 and gave the stock an “equal weight” rating in a report on Tuesday, October 14th. Wells Fargo & Company lifted their target price on American Electric Power from $132.00 to $139.00 in a research note on Thursday, October 30th. UBS Group decreased their target price on American Electric Power from $114.00 to $107.00 and set a “sell” rating on the stock in a report on Wednesday, December 17th. The Goldman Sachs Group increased their price target on American Electric Power from $128.00 to $133.00 in a research note on Thursday, October 30th. Finally, Weiss Ratings reaffirmed a “buy (b)” rating on shares of American Electric Power in a research report on Wednesday, October 8th. Two research analysts have rated the stock with a Strong Buy rating, nine have issued a Buy rating, nine have assigned a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, American Electric Power has a consensus rating of “Moderate Buy” and a consensus target price of $127.13.

Insider Transactions at American Electric Power

In other American Electric Power news, Director Benjamin G. S. Fowke III sold 5,000 shares of the stock in a transaction that occurred on Friday, December 12th. The shares were sold at an average price of $115.07, for a total transaction of $575,350.00. Following the transaction, the director owned 25,898 shares in the company, valued at $2,980,082.86. This represents a 16.18% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.07% of the stock is owned by corporate insiders.

American Electric Power Company Profile

American Electric Power (NASDAQ: AEP) is a major investor-owned electric utility headquartered in Columbus, Ohio. The company is primarily engaged in the generation, transmission and distribution of electricity, operating a diverse portfolio of power plants and an extensive high-voltage transmission network. AEP serves retail customers through its regulated utility subsidiaries and provides wholesale power and grid services across multiple regional markets in the United States.

Operations span the full utility value chain: AEP owns and operates generation assets that include fossil-fuel, natural gas, nuclear and hydropower facilities, and it has been adding renewable resources to its mix.