Sequoia Financial Advisors LLC Acquires 5,142 Shares of American Electric Power Company, Inc. $AEP

Sequoia Financial Advisors LLC boosted its stake in shares of American Electric Power Company, Inc. (NASDAQ:AEP) by 4.0% in the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 132,456 shares of the company’s stock after buying an additional 5,142 shares during the period. Sequoia Financial Advisors LLC’s holdings in American Electric Power were worth $18,121,000 at the end of the most recent reporting period.

Several other large investors have also bought and sold shares of the company. California State Teachers Retirement System raised its stake in shares of American Electric Power by 13,905.1% in the second quarter. California State Teachers Retirement System now owns 86,572,684 shares of the company’s stock worth $11,844,009,000 after purchasing an additional 85,954,533 shares during the last quarter. BlackRock Inc. bought a new position in American Electric Power in the second quarter valued at about $6,980,601,000. Bank of America Corp DE purchased a new position in American Electric Power in the second quarter worth about $1,678,638,000. GQG Partners LLC bought a new stake in shares of American Electric Power during the 2nd quarter valued at about $1,404,094,000. Finally, Legal & General Group Plc bought a new stake in shares of American Electric Power during the 2nd quarter valued at about $680,638,000. 75.24% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at American Electric Power

In other American Electric Power news, CAO Kate Dixon sold 2,000 shares of the business’s stock in a transaction dated Tuesday, September 8th. The shares were sold at an average price of $125.00, for a total value of $250,000.00. Following the completion of the transaction, the chief accounting officer directly owned 15,856 shares in the company, valued at approximately $1,982,000. The trade was a 11.20% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.05% of the stock is owned by company insiders.

Analysts Set New Price Targets

Several research firms have commented on AEP. Jefferies Financial Group increased their price objective on shares of American Electric Power from $147.00 to $154.00 and gave the company a “buy” rating in a report on Wednesday, July 1st. TD Cowen reaffirmed a “buy” rating on shares of American Electric Power in a report on Wednesday. LADENBURG THALM/SH SH dropped their price target on American Electric Power from $148.00 to $143.00 and set a “buy” rating for the company in a research note on Thursday, June 18th. Truist Financial reduced their price objective on American Electric Power from $146.00 to $139.00 and set a “buy” rating on the stock in a research note on Monday, August 17th. Finally, Weiss Ratings reaffirmed a “buy (b)” rating on shares of American Electric Power in a research note on Thursday, August 27th. Thirteen investment analysts have rated the stock with a Buy rating and nine have assigned a Hold rating to the company. According to data from MarketBeat.com, American Electric Power presently has a consensus rating of “Moderate Buy” and an average target price of $140.19.

American Electric Power Stock Performance

Shares of NASDAQ:AEP opened at $123.47 on Friday. The firm has a 50 day moving average of $128.28 and a 200 day moving average of $130.43. The company has a quick ratio of 0.38, a current ratio of 0.50 and a debt-to-equity ratio of 1.44. The company has a market capitalization of $67.22 billion, a price-to-earnings ratio of 21.18, a price-to-earnings-growth ratio of 2.64 and a beta of 0.51. American Electric Power Company, Inc. has a 52 week low of $105.70 and a 52 week high of $140.58.

American Electric Power (NASDAQ:AEP) last announced its earnings results on Thursday, July 30th. The company reported $1.36 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.48 by ($0.12). The company had revenue of $5.45 billion for the quarter, compared to the consensus estimate of $5.34 billion. American Electric Power had a net margin of 13.78% and a return on equity of 9.95%. The firm’s revenue was up 7.0% compared to the same quarter last year. During the same period last year, the business posted $1.43 EPS. American Electric Power has set its FY 2026 guidance at 6.250-6.550 EPS. On average, sell-side analysts predict that American Electric Power Company, Inc. will post 6.39 earnings per share for the current fiscal year.

American Electric Power Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, September 10th. Shareholders of record on Monday, August 10th were paid a $0.95 dividend. This represents a $3.80 annualized dividend and a yield of 3.1%. The ex-dividend date was Monday, August 10th. American Electric Power’s payout ratio is 65.18%.

American Electric Power Company Profile

American Electric Power Company, Inc (NASDAQ:AEP) is an electric utility holding company that generates, transmits and distributes electricity to residential, commercial, industrial and other customers. Its operations include regulated electric utilities, power generation facilities and one of the largest electricity transmission networks in the United States.

AEP provides energy delivery and related utility services through operating companies serving customers across Arkansas, Indiana, Kentucky, Louisiana, Michigan, Ohio, Oklahoma, Tennessee, Texas, Virginia and West Virginia.