Soroban Capital Partners Reduces $184M in American Electric Power Company, Inc. ($AEP)
Key Points
- Soroban Capital Partners changed its American Electric Power Company, Inc. ($AEP) stake by 55.9% last quarter, cutting to 1,131,523 shares worth $145.38 million.
- Wall Street's consensus rating on $AEP is Buy and an average price target of $144.33.
- $AEP last traded around $128.48.
Soroban Capital Partners reduced its position in American Electric Power Company, Inc. ($AEP) by 55.9% during the most recent quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 1,131,523 shares of American Electric Power Company, Inc. after selling 1,434,464 shares during the quarter. Soroban Capital Partners's holdings in American Electric Power Company, Inc. were worth $145.38 million as of its most recent filing.
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About American Electric Power Company, Inc.
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. The company generates electricity using coal and lignite, nuclear, natural gas, renewable, hydro, solar, wind, and other energy sources; owns, operates, maintains, and invests in transmission infrastructure; and engages in the retail supply, and wholesale energy trading and marketing businesses. It operates approximately 252,000 circuit miles of distribution lines; 38,000 circuit miles of transmission lines; and 25,000 MWs of regulated owned generating capacity. American Electric Power Company, Inc. was incorporated in 1906 and is headquartered in Columbus, Ohio.
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