Insider Selling: American Electric Power (NASDAQ:AEP) EVP Sells 1,351 Shares of Stock

American Electric Power Company, Inc. (NASDAQ:AEP) EVP Kelly Ferneau sold 1,351 shares of the stock in a transaction on Tuesday, February 24th. The shares were sold at an average price of $131.46, for a total transaction of $177,602.46. Following the completion of the transaction, the executive vice president owned 15,410 shares of the company’s stock, valued at approximately $2,025,798.60. This represents a 8.06% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink.

American Electric Power Price Performance

Shares of American Electric Power stock traded up $0.09 during trading on Wednesday, hitting $132.48. 1,555,788 shares of the company’s stock traded hands, compared to its average volume of 3,397,339. The company has a market cap of $71.65 billion, a PE ratio of 19.76, a PEG ratio of 3.10 and a beta of 0.62. The firm’s fifty day moving average price is $119.68 and its 200 day moving average price is $116.83. American Electric Power Company, Inc. has a twelve month low of $97.46 and a twelve month high of $132.85. The company has a debt-to-equity ratio of 1.37, a current ratio of 0.45 and a quick ratio of 0.33.

American Electric Power (NASDAQ:AEP) last posted its quarterly earnings results on Thursday, February 12th. The company reported $1.19 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.15 by $0.04. The firm had revenue of $5.32 billion during the quarter, compared to analyst estimates of $5.07 billion. American Electric Power had a net margin of 16.37% and a return on equity of 10.46%. The company’s quarterly revenue was up 13.2% compared to the same quarter last year. During the same quarter in the prior year, the business posted $1.24 earnings per share. American Electric Power has set its FY 2026 guidance at 6.150-6.450 EPS. Analysts forecast that American Electric Power Company, Inc. will post 5.87 earnings per share for the current year.

American Electric Power Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, March 10th. Investors of record on Tuesday, February 10th will be paid a $0.95 dividend. The ex-dividend date of this dividend is Tuesday, February 10th. This represents a $3.80 annualized dividend and a yield of 2.9%. American Electric Power’s payout ratio is currently 56.72%.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of AEP. PFG Investments LLC increased its stake in shares of American Electric Power by 0.3% in the 3rd quarter. PFG Investments LLC now owns 24,823 shares of the company’s stock valued at $2,793,000 after buying an additional 83 shares during the period. Root Financial Partners LLC boosted its holdings in American Electric Power by 15.0% in the fourth quarter. Root Financial Partners LLC now owns 638 shares of the company’s stock valued at $74,000 after acquiring an additional 83 shares during the last quarter. Baron Silver Stevens Financial Advisors LLC increased its position in American Electric Power by 4.1% in the fourth quarter. Baron Silver Stevens Financial Advisors LLC now owns 2,177 shares of the company’s stock worth $251,000 after purchasing an additional 85 shares during the period. KCM Investment Advisors LLC increased its position in American Electric Power by 1.3% in the fourth quarter. KCM Investment Advisors LLC now owns 6,641 shares of the company’s stock worth $766,000 after purchasing an additional 85 shares during the period. Finally, Vectors Research Management LLC raised its holdings in American Electric Power by 0.4% during the 4th quarter. Vectors Research Management LLC now owns 23,439 shares of the company’s stock worth $2,703,000 after purchasing an additional 86 shares during the last quarter. Institutional investors own 75.24% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages have recently commented on AEP. Weiss Ratings restated a “buy (b)” rating on shares of American Electric Power in a research note on Wednesday, January 21st. Wolfe Research upgraded shares of American Electric Power from a “peer perform” rating to an “outperform” rating and set a $142.00 price target on the stock in a research report on Friday, February 13th. Bank of America cut shares of American Electric Power from a “buy” rating to a “neutral” rating and decreased their price objective for the stock from $131.00 to $122.00 in a research note on Monday, January 12th. Scotiabank lifted their target price on shares of American Electric Power from $121.00 to $131.00 and gave the company a “sector perform” rating in a research note on Tuesday, December 16th. Finally, The Goldman Sachs Group boosted their target price on American Electric Power from $133.00 to $141.00 and gave the stock a “buy” rating in a report on Friday, February 13th. Eleven analysts have rated the stock with a Buy rating, nine have given a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the company has a consensus rating of “Hold” and an average price target of $131.28.

About American Electric Power

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.