American Electric Power Company, Inc. (NASDAQ:AEP – Get Free Report) CAO Kate Dixon sold 2,000 shares of the company’s stock in a transaction on Tuesday, September 8th. The shares were sold at an average price of $125.00, for a total value of $250,000.00. Following the transaction, the chief accounting officer directly owned 15,856 shares in the company, valued at approximately $1,982,000. The trade was a 11.20% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.
American Electric Power Price Performance
NASDAQ AEP opened at $124.67 on Thursday. American Electric Power Company, Inc. has a one year low of $105.70 and a one year high of $140.58. The stock has a 50-day moving average of $128.58 and a 200 day moving average of $130.48. The company has a debt-to-equity ratio of 1.44, a quick ratio of 0.38 and a current ratio of 0.50. The company has a market capitalization of $67.87 billion, a price-to-earnings ratio of 21.38, a PEG ratio of 2.65 and a beta of 0.51.
American Electric Power (NASDAQ:AEP – Get Free Report) last announced its quarterly earnings results on Thursday, July 30th. The company reported $1.36 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.48 by ($0.12). American Electric Power had a net margin of 13.78% and a return on equity of 9.95%. The company had revenue of $5.45 billion for the quarter, compared to analysts’ expectations of $5.34 billion. During the same period in the previous year, the business earned $1.43 EPS. The business’s revenue was up 7.0% compared to the same quarter last year. American Electric Power has set its FY 2026 guidance at 6.250-6.550 EPS. On average, sell-side analysts forecast that American Electric Power Company, Inc. will post 6.39 EPS for the current year.
American Electric Power Dividend Announcement
Institutional Inflows and Outflows
Several institutional investors have recently added to or reduced their stakes in AEP. Brighton Jones LLC grew its position in shares of American Electric Power by 11.5% during the 4th quarter. Brighton Jones LLC now owns 10,601 shares of the company’s stock valued at $978,000 after acquiring an additional 1,095 shares during the period. Acadian Asset Management LLC bought a new position in American Electric Power in the 1st quarter worth $320,000. Sivia Capital Partners LLC raised its holdings in American Electric Power by 149.5% in the 2nd quarter. Sivia Capital Partners LLC now owns 4,891 shares of the company’s stock worth $507,000 after purchasing an additional 2,931 shares during the period. Gamco Investors INC. ET AL lifted its position in American Electric Power by 4.4% during the second quarter. Gamco Investors INC. ET AL now owns 2,505 shares of the company’s stock valued at $260,000 after purchasing an additional 105 shares in the last quarter. Finally, AXA S.A. lifted its position in American Electric Power by 95.7% during the second quarter. AXA S.A. now owns 79,111 shares of the company’s stock valued at $8,209,000 after purchasing an additional 38,684 shares in the last quarter. 75.24% of the stock is currently owned by institutional investors.
Analyst Upgrades and Downgrades
Several equities analysts have recently weighed in on AEP shares. Morgan Stanley lowered their price target on American Electric Power from $139.00 to $135.00 and set an “overweight” rating on the stock in a report on Friday, August 21st. Mizuho cut their price objective on American Electric Power from $141.00 to $135.00 and set a “neutral” rating for the company in a report on Friday, July 31st. Jefferies Financial Group upped their price objective on American Electric Power from $147.00 to $154.00 and gave the company a “buy” rating in a research report on Wednesday, July 1st. Weiss Ratings reissued a “buy (b)” rating on shares of American Electric Power in a report on Thursday, August 27th. Finally, LADENBURG THALM/SH SH dropped their target price on American Electric Power from $148.00 to $143.00 and set a “buy” rating on the stock in a research report on Thursday, June 18th. Thirteen analysts have rated the stock with a Buy rating and nine have given a Hold rating to the stock. According to data from MarketBeat.com, American Electric Power currently has a consensus rating of “Moderate Buy” and an average target price of $140.19.
Get Our Latest Stock Report on American Electric Power
American Electric Power Company Profile
American Electric Power Company, Inc (NASDAQ:AEP) is an electric utility holding company that generates, transmits and distributes electricity to residential, commercial, industrial and other customers. Its operations include regulated electric utilities, power generation facilities and one of the largest electricity transmission networks in the United States.
AEP provides energy delivery and related utility services through operating companies serving customers across Arkansas, Indiana, Kentucky, Louisiana, Michigan, Ohio, Oklahoma, Tennessee, Texas, Virginia and West Virginia.
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