Voya Investment Management LLC Sells 19,346 Shares of American Electric Power Company, Inc. $AEP

Voya Investment Management LLC decreased its holdings in American Electric Power Company, Inc. (NASDAQ:AEP) by 18.1% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 87,712 shares of the company’s stock after selling 19,346 shares during the period. Voya Investment Management LLC’s holdings in American Electric Power were worth $9,868,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Soroban Capital Partners LP raised its position 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 valued at $415,526,000 after purchasing an additional 2,555,415 shares during the period. Ghisallo Capital Management LLC bought a new position in shares of American Electric Power during the 1st quarter valued at approximately $153,524,000. Assenagon Asset Management S.A. raised its holdings in American Electric Power by 318.8% during the 2nd quarter. Assenagon Asset Management S.A. now owns 1,244,640 shares of the company’s stock valued at $129,144,000 after buying an additional 947,418 shares during the period. Yaupon Capital Management LP bought a new stake in American Electric Power in the first quarter worth $98,343,000. Finally, Amundi boosted its stake in American Electric Power by 26.1% during the second quarter. Amundi now owns 3,694,659 shares of the company’s stock worth $381,510,000 after buying an additional 765,258 shares during the period. Hedge funds and other institutional investors own 75.24% of the company’s stock.

American Electric Power Stock Performance

American Electric Power stock opened at $115.15 on Wednesday. The company has a debt-to-equity ratio of 1.41, a quick ratio of 0.53 and a current ratio of 0.69. The company has a market capitalization of $61.50 billion, a PE ratio of 16.79, a P/E/G ratio of 3.00 and a beta of 0.61. The company has a 50 day moving average price of $118.82 and a 200-day moving average price of $112.35. American Electric Power Company, Inc. has a fifty-two week low of $89.91 and a fifty-two week high of $124.80.

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

American Electric Power Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, December 10th. Investors of record on Monday, November 10th were issued a $0.95 dividend. The ex-dividend date was Monday, November 10th. This is an increase from American Electric Power’s previous quarterly dividend of $0.93. This represents a $3.80 annualized dividend and a dividend yield of 3.3%. American Electric Power’s dividend payout ratio is presently 55.39%.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently issued reports on the stock. LADENBURG THALM/SH SH raised their target price on shares of American Electric Power from $108.50 to $124.50 and gave the stock a “neutral” rating in a report on Thursday, November 20th. Wells Fargo & Company increased their price objective on shares of American Electric Power from $132.00 to $139.00 in a research report on Thursday, October 30th. UBS Group decreased their price objective on shares of American Electric Power from $114.00 to $107.00 and set a “sell” rating for the company in a research note on Wednesday, December 17th. BTIG Research began coverage on American Electric Power in a research note on Tuesday, October 21st. They set a “neutral” rating on the stock. Finally, JPMorgan Chase & Co. raised their price target on American Electric Power from $121.00 to $125.00 and gave the stock a “neutral” rating in a research note on Friday, December 12th. Two investment analysts have rated the stock with a Strong Buy rating, ten have issued a Buy rating, eight have given a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, American Electric Power has an average rating of “Moderate Buy” and a consensus target price of $126.87.

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 dated 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 directly 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 legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Kelly J. Ferneau sold 1,006 shares of the business’s stock in a transaction dated Thursday, October 2nd. The shares were 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 owned 5,676 shares of the company’s stock, valued at approximately $635,712. This represents a 15.06% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last ninety days, insiders sold 16,006 shares of company stock valued at $1,883,522. 0.07% of the stock is owned by insiders.

American Electric Power 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.