Insider Selling: American Electric Power (NASDAQ:AEP) EVP Sells $112,672.00 in Stock

American Electric Power Company, Inc. (NASDAQ:AEP) EVP Kelly Ferneau sold 1,006 shares of the stock in a transaction on 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 sale, the executive vice president owned 5,676 shares of the company’s stock, valued at $635,712. The trade was a 15.06% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website.

American Electric Power Stock Performance

NASDAQ AEP opened at $114.06 on Monday. The company has a quick ratio of 0.41, a current ratio of 0.55 and a debt-to-equity ratio of 1.33. American Electric Power Company, Inc. has a twelve month low of $89.91 and a twelve month high of $115.36. The business has a 50-day moving average price of $110.87 and a 200-day moving average price of $106.71. The firm has a market cap of $61.00 billion, a price-to-earnings ratio of 16.68, a price-to-earnings-growth ratio of 3.02 and a beta of 0.48.

American Electric Power (NASDAQ:AEP) last released its earnings results on Wednesday, July 30th. The company reported $1.43 EPS for the quarter, topping the consensus estimate of $1.27 by $0.16. The firm had revenue of $5.09 billion for the quarter, compared to the consensus estimate of $4.85 billion. American Electric Power had a net margin of 17.68% and a return on equity of 11.55%. The company’s quarterly revenue was up 11.1% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.25 earnings per share. American Electric Power has set its FY 2025 guidance at 6.570-6.770 EPS. As a group, equities research analysts predict that American Electric Power Company, Inc. will post 5.87 EPS for the current fiscal year.

American Electric Power Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, September 10th. Stockholders of record on Friday, August 8th were issued a $0.93 dividend. This represents a $3.72 annualized dividend and a dividend yield of 3.3%. The ex-dividend date of this dividend was Friday, August 8th. American Electric Power’s payout ratio is 54.39%.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of the company. EQ Wealth Advisors LLC purchased a new stake in shares of American Electric Power in the first quarter valued at $25,000. Bank of New Hampshire bought a new position in American Electric Power during the 1st quarter valued at about $28,000. Advantage Trust Co raised its position in American Electric Power by 57.1% in the 2nd quarter. Advantage Trust Co now owns 275 shares of the company’s stock worth $29,000 after purchasing an additional 100 shares during the period. Montag A & Associates Inc. raised its position in American Electric Power by 166.0% in the 2nd quarter. Montag A & Associates Inc. now owns 282 shares of the company’s stock worth $29,000 after purchasing an additional 176 shares during the period. Finally, Bayforest Capital Ltd bought a new stake in American Electric Power in the first quarter worth about $31,000. 75.24% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

AEP has been the subject of a number of research reports. Morgan Stanley dropped their price target on American Electric Power from $117.00 to $115.00 and set an “overweight” rating for the company in a research note on Thursday, September 25th. UBS Group increased their target price on American Electric Power from $100.00 to $110.00 and gave the company a “sell” rating in a research report on Thursday, July 31st. Jefferies Financial Group cut their target price on shares of American Electric Power from $120.00 to $116.00 and set a “hold” rating for the company in a report on Thursday, September 11th. Barclays upped their price target on shares of American Electric Power from $105.00 to $111.00 and gave the company an “equal weight” rating in a research note on Friday, August 1st. Finally, Weiss Ratings reissued a “buy (b)” rating on shares of American Electric Power in a research note on Saturday, September 27th. Six research analysts have rated the stock with a Buy rating, nine have given a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $111.63.

American Electric Power Company Profile

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.