Pacer Advisors Inc. Has $9.27 Million Stake in American Electric Power Company, Inc. $AEP

Pacer Advisors Inc. lowered its holdings in American Electric Power Company, Inc. (NASDAQ:AEP) by 14.3% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 82,359 shares of the company’s stock after selling 13,700 shares during the quarter. Pacer Advisors Inc.’s holdings in American Electric Power were worth $9,265,000 as of its most recent filing with the SEC.

Several other large investors also recently made changes to their positions in the business. Vanguard Group Inc. lifted its position in American Electric Power by 0.4% during the 2nd quarter. Vanguard Group Inc. now owns 52,467,779 shares of the company’s stock worth $5,444,057,000 after buying an additional 197,998 shares in the last quarter. State Street Corp increased its position in American Electric Power by 2.3% in the 2nd quarter. State Street Corp now owns 28,516,466 shares of the company’s stock valued at $2,958,869,000 after acquiring an additional 653,712 shares in the last quarter. Geode Capital Management LLC raised its stake in shares of American Electric Power by 2.2% in the second quarter. Geode Capital Management LLC now owns 13,352,192 shares of the company’s stock worth $1,379,532,000 after acquiring an additional 285,000 shares during the last quarter. Invesco Ltd. raised its stake in shares of American Electric Power by 5.9% in the second quarter. Invesco Ltd. now owns 7,802,211 shares of the company’s stock worth $809,557,000 after acquiring an additional 432,441 shares during the last quarter. Finally, Alliancebernstein L.P. lifted its position in shares of American Electric Power by 10.6% during the first quarter. Alliancebernstein L.P. now owns 4,997,446 shares of the company’s stock worth $546,071,000 after purchasing an additional 480,725 shares in the last quarter. Institutional investors own 75.24% of the company’s stock.

Insiders Place Their Bets

In other American Electric Power news, EVP Kelly J. Ferneau sold 1,006 shares of the business’s stock in a transaction dated Thursday, October 2nd. The stock was sold at an average price of $112.00, for a total value of $112,672.00. Following the completion of the transaction, the executive vice president directly owned 5,676 shares of the company’s stock, valued at approximately $635,712. The trade was a 15.06% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Benjamin G. S. Fowke III sold 5,000 shares of the firm’s stock in a transaction dated Friday, December 12th. The stock was sold at an average price of $115.07, for a total value of $575,350.00. Following the sale, the director directly owned 25,898 shares in the company, valued at approximately $2,980,082.86. This represents a 16.18% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last three months, insiders have sold 16,006 shares of company stock worth $1,883,522. Insiders own 0.07% of the company’s stock.

American Electric Power Trading Up 0.3%

NASDAQ:AEP opened at $115.67 on Monday. The company has a current ratio of 0.69, a quick ratio of 0.53 and a debt-to-equity ratio of 1.41. American Electric Power Company, Inc. has a 1-year low of $89.91 and a 1-year high of $124.80. The firm has a market capitalization of $61.78 billion, a price-to-earnings ratio of 16.86, a PEG ratio of 3.02 and a beta of 0.61. The business’s 50-day moving average price is $118.67 and its two-hundred day moving average price is $112.64.

American Electric Power (NASDAQ:AEP) last posted its earnings results on Wednesday, October 29th. The company reported $1.80 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.81 by ($0.01). The company had revenue of $6.01 billion for the quarter, compared to analyst estimates of $5.65 billion. American Electric Power had a return on equity of 11.00% and a net margin of 17.23%.American Electric Power’s quarterly revenue was up 10.9% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $1.85 earnings per share. American Electric Power has set its FY 2025 guidance at 5.850-5.95 EPS. On average, equities analysts expect 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 announced a quarterly dividend, which was paid on Wednesday, December 10th. Shareholders of record on Monday, November 10th were issued a $0.95 dividend. This represents a $3.80 annualized dividend and a yield of 3.3%. This is a boost from American Electric Power’s previous quarterly dividend of $0.93. The ex-dividend date was Monday, November 10th. American Electric Power’s dividend payout ratio (DPR) is 55.39%.

Analyst Ratings Changes

A number of analysts recently weighed in on the stock. Evercore ISI reissued an “outperform” rating on shares of American Electric Power in a report on Thursday, October 30th. BMO Capital Markets set a $126.00 target price on American Electric Power in a research note on Thursday, October 30th. Barclays upped their price target on American Electric Power from $111.00 to $117.00 and gave the company an “equal weight” rating in a research note on Tuesday, October 14th. Siebert Williams Shank started coverage on American Electric Power in a research report on Thursday, December 18th. They issued a “buy” rating and a $137.00 price objective for the company. Finally, TD Cowen upgraded shares of American Electric Power to a “strong-buy” rating in a research report on Thursday, October 30th. Two investment analysts have rated the stock with a Strong Buy rating, ten have issued a Buy rating, eight have assigned a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $126.87.

American Electric Power Company 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.