Sequoia Financial Advisors LLC Raises 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 9.9% in the 2nd quarter, HoldingsChannel reports. The firm owned 101,932 shares of the company’s stock after buying an additional 9,185 shares during the quarter. Sequoia Financial Advisors LLC’s holdings in American Electric Power were worth $10,577,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors also recently modified their holdings of the stock. Eagle Strategies LLC increased its stake in shares of American Electric Power by 1.7% during the 2nd quarter. Eagle Strategies LLC now owns 5,515 shares of the company’s stock worth $572,000 after purchasing an additional 94 shares during the last quarter. Clarius Group LLC boosted its holdings in American Electric Power by 2.5% in the 1st quarter. Clarius Group LLC now owns 3,966 shares of the company’s stock worth $433,000 after buying an additional 95 shares during the period. McIlrath & Eck LLC boosted its holdings in American Electric Power by 3.2% in the 1st quarter. McIlrath & Eck LLC now owns 3,147 shares of the company’s stock worth $344,000 after buying an additional 99 shares during the period. Personal CFO Solutions LLC boosted its holdings in American Electric Power by 3.2% in the 1st quarter. Personal CFO Solutions LLC now owns 3,369 shares of the company’s stock worth $368,000 after buying an additional 103 shares during the period. Finally, McGlone Suttner Wealth Management Inc. boosted its holdings in American Electric Power by 1.8% in the 2nd quarter. McGlone Suttner Wealth Management Inc. now owns 5,898 shares of the company’s stock worth $612,000 after buying an additional 104 shares during the period. Hedge funds and other institutional investors own 75.24% of the company’s stock.

Insider Buying and Selling at American Electric Power

In other American Electric Power news, Director Benjamin G. S. Fowke III sold 5,000 shares of the business’s stock in a transaction on Friday, September 12th. The shares were sold at an average price of $108.65, for a total value of $543,250.00. Following the completion of the sale, the director directly owned 40,898 shares of the company’s stock, valued at $4,443,567.70. The trade was a 10.89% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, EVP Kelly J. Ferneau sold 1,006 shares of the business’s stock in a transaction on Thursday, October 2nd. The stock was sold at an average price of $112.00, for a total transaction of $112,672.00. Following the completion of the sale, the executive vice president directly owned 5,676 shares of the company’s stock, valued at $635,712. This represents a 15.06% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 0.07% of the company’s stock.

Analyst Ratings Changes

Several research analysts recently commented on the stock. Barclays raised their price objective on shares of American Electric Power from $105.00 to $111.00 and gave the stock an “equal weight” rating in a report on Friday, August 1st. Morgan Stanley cut their price objective on shares of American Electric Power from $117.00 to $115.00 and set an “overweight” rating for the company in a report on Thursday, September 25th. Raymond James Financial reissued an “outperform” rating and issued a $122.00 price target (up from $115.00) on shares of American Electric Power in a report on Thursday, July 31st. Mizuho lowered their price target on American Electric Power from $116.00 to $113.00 and set a “neutral” rating on the stock in a report on Tuesday, September 16th. Finally, LADENBURG THALM/SH SH dropped their price objective on shares of American Electric Power from $112.00 to $108.50 and set a “neutral” rating for the company in a report on Wednesday, September 10th. Seven research analysts have rated the stock with a Buy rating, eight have given a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $114.50.

American Electric Power Stock Performance

NASDAQ AEP opened at $116.80 on Tuesday. American Electric Power Company, Inc. has a 52-week low of $89.91 and a 52-week high of $119.06. The company has a debt-to-equity ratio of 1.33, a quick ratio of 0.41 and a current ratio of 0.55. The company has a market capitalization of $62.46 billion, a P/E ratio of 17.08, a P/E/G ratio of 3.09 and a beta of 0.48. The company has a fifty day moving average of $111.48 and a 200-day moving average of $107.23.

American Electric Power (NASDAQ:AEP) last posted its quarterly earnings results on Wednesday, July 30th. The company reported $1.43 earnings per share for the quarter, topping the consensus estimate of $1.27 by $0.16. The business had revenue of $5.09 billion during the quarter, compared to the consensus estimate of $4.85 billion. American Electric Power had a net margin of 17.68% and a return on equity of 11.55%. The firm’s revenue for the quarter was up 11.1% on a year-over-year basis. During the same period in the previous year, the firm posted $1.25 earnings per share. American Electric Power has set its FY 2025 guidance at 6.570-6.770 EPS. As a group, equities research analysts predict 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 declared a quarterly dividend, which was paid on Wednesday, September 10th. Shareholders of record on Friday, August 8th were paid a $0.93 dividend. The ex-dividend date of this dividend was Friday, August 8th. This represents a $3.72 annualized dividend and a yield of 3.2%. American Electric Power’s payout ratio is currently 54.39%.

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.