Sequoia Financial Advisors LLC Purchases 9,185 Shares of American Electric Power Company, Inc. $AEP

Sequoia Financial Advisors LLC raised its position in shares of American Electric Power Company, Inc. (NASDAQ:AEP) by 9.9% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 101,932 shares of the company’s stock after acquiring 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 SEC filing.

Other institutional investors have also bought and sold shares of the company. Kingswood Wealth Advisors LLC boosted its position in American Electric Power by 14.8% during the first quarter. Kingswood Wealth Advisors LLC now owns 3,331 shares of the company’s stock valued at $364,000 after acquiring an additional 430 shares during the last quarter. Ritholtz Wealth Management bought a new position in shares of American Electric Power during the 1st quarter worth about $262,000. Venture Visionary Partners LLC boosted its position in shares of American Electric Power by 7.3% during the 2nd quarter. Venture Visionary Partners LLC now owns 68,233 shares of the company’s stock worth $7,080,000 after purchasing an additional 4,616 shares in the last quarter. SteelPeak Wealth LLC bought a new position in shares of American Electric Power during the 2nd quarter worth about $7,722,000. Finally, Robertson Stephens Wealth Management LLC bought a new position in shares of American Electric Power during the 1st quarter worth about $205,000. Institutional investors own 75.24% of the company’s stock.

American Electric Power Trading Down 0.2%

AEP opened at $116.80 on Tuesday. The company has a debt-to-equity ratio of 1.33, a current ratio of 0.55 and a quick ratio of 0.41. American Electric Power Company, Inc. has a fifty-two week low of $89.91 and a fifty-two week high of $119.06. The firm has a market capitalization of $62.46 billion, a PE ratio of 17.08, a P/E/G ratio of 3.09 and a beta of 0.48. The company’s 50-day moving average is $111.48 and its 200 day moving average is $107.23.

American Electric Power (NASDAQ:AEP) last posted its earnings results on Wednesday, July 30th. The company reported $1.43 earnings per share for the quarter, topping analysts’ consensus estimates of $1.27 by $0.16. The company had revenue of $5.09 billion for the quarter, compared to analyst estimates 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 was up 11.1% compared to the same quarter last year. During the same quarter in the prior year, the business posted $1.25 EPS. American Electric Power has set its FY 2025 guidance at 6.570-6.770 EPS. As a group, research analysts predict that American Electric Power Company, Inc. will post 5.87 earnings per share for the current fiscal year.

American Electric Power Dividend Announcement

The company also recently disclosed 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 was Friday, August 8th. This represents a $3.72 annualized dividend and a yield of 3.2%. American Electric Power’s dividend payout ratio (DPR) is 54.39%.

Analyst Ratings Changes

A number of equities analysts have recently issued reports on the stock. Weiss Ratings reissued a “buy (b)” rating on shares of American Electric Power in a research report on Wednesday, October 8th. Barclays increased 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 research report on Friday, August 1st. Evercore ISI assumed coverage on shares of American Electric Power in a research report on Monday, October 6th. They set an “outperform” rating and a $133.00 price objective on the stock. LADENBURG THALM/SH SH cut their price objective on shares of American Electric Power from $112.00 to $108.50 and set a “neutral” rating on the stock in a research report on Wednesday, September 10th. Finally, Scotiabank increased their price objective on shares of American Electric Power from $102.00 to $114.00 and gave the stock a “sector perform” rating in a research report on Thursday, July 31st. Seven analysts have rated the stock with a Buy rating, eight have issued a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $114.50.

Insider Activity

In other American Electric Power news, Director Benjamin G. S. Fowke III sold 5,000 shares of the stock in a transaction dated 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 owned 40,898 shares in the company, valued at approximately $4,443,567.70. This trade represents a 10.89% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, EVP Kelly J. Ferneau sold 1,006 shares of the 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 trade represents a 15.06% decrease in their position. The disclosure for this sale can be found here. Company insiders own 0.07% of the company’s stock.

American Electric Power 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.