BlackRock Amends AEP Stake: 14th SC 13G/A Filing
Ticker: AEP · Form: SC 13G/A · Filed: 2024-01-25T00:00:00.000Z
Sentiment: neutral
Topics: institutional-ownership, amendment, utility-sector
TL;DR
**BlackRock updated its AEP stake, signaling a potential shift in institutional confidence.**
AI Summary
BlackRock Inc. filed an amended SC 13G/A on January 25, 2024, indicating a change in their beneficial ownership of American Electric Power Co Inc. common stock as of December 31, 2023. This amendment, number 14, shows BlackRock's continued significant, though potentially adjusted, stake in the utility company. This matters to investors because BlackRock is a major institutional investor, and changes in their holdings can signal shifts in their confidence or strategy regarding American Electric Power, potentially influencing other investors' perceptions and the stock's performance.
Why It Matters
This filing shows BlackRock's updated position in American Electric Power, which can influence market sentiment and potentially impact the stock price due to BlackRock's status as a major institutional investor.
Risk Assessment
Risk Level: low — This is a routine amendment by a large institutional investor, not indicating any immediate or significant risk to the company or its shareholders.
Analyst Insight
Investors should monitor future BlackRock filings for American Electric Power to track any significant changes in their ownership percentage, as this could indicate a shift in institutional sentiment towards the utility company.
Key Players & Entities
- BlackRock Inc. (company) — the reporting person filing the SC 13G/A
- AMERICAN ELECTRIC POWER CO INC (company) — the subject company whose securities are being reported
- December 31, 2023 (date) — the date of the event requiring the filing
- January 25, 2024 (date) — the filing date of the SC 13G/A
- 025537101 (number) — the CUSIP number for American Electric Power Co Inc. Common Stock
Forward-Looking Statements
- BlackRock will maintain a significant, but potentially adjusted, stake in American Electric Power Co Inc. throughout 2024. (BlackRock Inc.) — high confidence, target: December 31, 2024
FAQ
What type of filing is this document?
This document is an SC 13G/A, which is an amendment to a Schedule 13G, as stated in the 'FORM TYPE: SC 13G/A' and 'SCHEDULE 13G Under the Securities Exchange Act of 1934 (Amendment No: 14)' sections.
Who is the reporting person in this filing?
The reporting person is BlackRock Inc., as indicated under the 'FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: BlackRock Inc.' section.
Which company's securities are being reported on in this filing?
The securities of AMERICAN ELECTRIC POWER CO INC are being reported on, as stated under 'SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: AMERICAN ELECTRIC POWER CO INC'.
What was the date of the event that required this filing?
The date of the event which required this filing was December 31, 2023, as specified under '(Date of Event Which Requires Filing of this Statement)'.
What is the CUSIP number for the securities mentioned in this filing?
The CUSIP number for the Common Stock of AMERICAN ELECTRIC POWER CO INC is 025537101, as listed under '(CUSIP Number)'.
From the Filing
EDGAR Filing Documents for 0001086364-24-003275 This page uses Javascript. Your browser either doesn't support Javascript or you have it turned off. To see this page as it is meant to appear please use a Javascript enabled browser. SEC.gov EDGAR Latest Filings Filings search tools Filing Detail SEC Home Company Search Current Page Form SC 13G/A - Statement of Beneficial Ownership by Certain Investors: [Amend] SEC Accession No. 0001086364-24-003275 Filing Date 2024-01-25 Accepted 2024-01-25 13:48:52 Documents 1 Document Format Files Seq Description Document Type Size 1 us0255371017_012524.txt SC 13G/A 12048 Complete submission text file 0001086364-24-003275.txt 13933 Mailing Address 1 RIVERSIDE PLAZA COLUMBUS OH 43215 Business Address 1 RIVERSIDE PLAZA COLUMBUS OH 43215 614-716-1000 AMERICAN ELECTRIC POWER CO INC (Subject) CIK : 0000004904 (see all company filings) EIN. : 134922640 | State of Incorp.: NY | Fiscal Year End: 1231 Type: SC 13G/A | Act: 34 | File No.: 005-43501 | Film No.: 24561043 SIC : 4911 Electric Services (CF Office: 01 Energy & Transportation) Mailing Address 50 HUDSON YARDS NEW YORK NY 10001 Business Address 50 HUDSON YARDS NEW YORK NY 10001 212-810-5300 BlackRock Inc. (Filed by) CIK : 0001364742 (see all company filings) EIN. : 320174431 | State of Incorp.: DE | Fiscal Year End: 1231 Type: SC 13G/A SIC : 6211 Security Brokers, Dealers & Flotation Companies (CF Office: 02 Finance)