Voya Investment Management LLC Decreases Stock Holdings in American Electric Power Company, Inc. $AEP

Voya Investment Management LLC lowered its stake in shares of American Electric Power Company, Inc. (NASDAQ:AEP) by 18.1% during the third quarter, Holdings Channel.com reports. The firm owned 87,712 shares of the company’s stock after selling 19,346 shares during the quarter. Voya Investment Management LLC’s holdings in American Electric Power were worth $9,868,000 as of its most recent SEC filing.

A number of other large investors have also added to or reduced their stakes in AEP. Dynamic Advisor Solutions LLC lifted its position in shares of American Electric Power by 10.4% during the third quarter. Dynamic Advisor Solutions LLC now owns 6,297 shares of the company’s stock valued at $708,000 after buying an additional 591 shares during the last quarter. Whalen Wealth Management Inc. acquired a new stake in American Electric Power in the third quarter valued at approximately $289,000. Patriot Financial Group Insurance Agency LLC grew its holdings in American Electric Power by 333.9% in the third quarter. Patriot Financial Group Insurance Agency LLC now owns 9,529 shares of the company’s stock worth $1,072,000 after purchasing an additional 7,333 shares during the last quarter. Wedmont Private Capital increased its position in shares of American Electric Power by 13.1% during the third quarter. Wedmont Private Capital now owns 8,352 shares of the company’s stock worth $987,000 after purchasing an additional 968 shares in the last quarter. Finally, Czech National Bank lifted its holdings in shares of American Electric Power by 4.0% during the 3rd quarter. Czech National Bank now owns 135,827 shares of the company’s stock valued at $15,281,000 after purchasing an additional 5,251 shares during the last quarter. 75.24% of the stock is currently owned by institutional investors.

American Electric Power Price Performance

Shares of NASDAQ:AEP opened at $115.15 on Wednesday. American Electric Power Company, Inc. has a twelve month low of $89.91 and a twelve month 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. The company has a market cap of $61.50 billion, a PE ratio of 16.79, a price-to-earnings-growth ratio of 3.00 and a beta of 0.61. The company’s 50 day moving average is $118.82 and its 200 day moving average is $112.35.

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 business had revenue of $6.01 billion during the quarter, compared to analysts’ expectations of $5.65 billion. American Electric Power had a net margin of 17.23% and a return on equity of 11.00%. The firm’s revenue was up 10.9% on a year-over-year basis. During the same period last year, the company earned $1.85 earnings per share. American Electric Power has set its FY 2025 guidance at 5.850-5.95 EPS. On average, sell-side analysts forecast that American Electric Power Company, Inc. will post 5.87 EPS for the current year.

American Electric Power Increases Dividend

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

Insider Transactions at American Electric Power

In related news, EVP Kelly J. Ferneau sold 1,006 shares of American Electric Power stock in a transaction that occurred 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 transaction, the executive vice president directly owned 5,676 shares in the company, valued at approximately $635,712. This trade represents a 15.06% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Benjamin G. S. Fowke III sold 5,000 shares of the business’s stock in a transaction that occurred on Friday, December 12th. The shares were sold at an average price of $115.07, for a total value of $575,350.00. Following the completion of the transaction, the director directly owned 25,898 shares of the company’s stock, valued at $2,980,082.86. The trade was a 16.18% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 16,006 shares of company stock valued at $1,883,522 in the last quarter. Company insiders own 0.07% of the company’s stock.

Analyst Ratings Changes

AEP has been the topic of several recent analyst reports. JPMorgan Chase & Co. upped their target price on American Electric Power from $121.00 to $125.00 and gave the company a “neutral” rating in a research report on Friday, December 12th. Barclays boosted their price target on American Electric Power from $111.00 to $117.00 and gave the stock an “equal weight” rating in a research note on Tuesday, October 14th. BMO Capital Markets set a $126.00 price objective on shares of American Electric Power in a research report on Thursday, October 30th. Wells Fargo & Company lifted their target price on shares of American Electric Power from $132.00 to $139.00 in a research note on Thursday, October 30th. Finally, Cowen started coverage on shares of American Electric Power in a research note on Wednesday, October 15th. They set a “buy” rating on the stock. Two research analysts have rated the stock with a Strong Buy rating, ten have given a Buy rating, eight have given a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $126.87.

About American Electric Power

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.