David Matthew Feinberg Sells 8,057 Shares of American Electric Power Company, Inc. (NASDAQ:AEP) Stock

American Electric Power Company, Inc. (NASDAQ:AEP - Get Free Report) EVP David Matthew Feinberg sold 8,057 shares of the stock in a transaction on Tuesday, June 3rd. The shares were sold at an average price of $102.94, for a total transaction of $829,387.58. Following the completion of the sale, the executive vice president now directly owns 26,298 shares in the company, valued at approximately $2,707,116.12. This represents a 23.45% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website.

American Electric Power Stock Down 0.1%

Shares of NASDAQ:AEP traded down $0.08 during trading on Thursday, reaching $101.77. The stock had a trading volume of 2,033,925 shares, compared to its average volume of 3,196,234. American Electric Power Company, Inc. has a one year low of $85.93 and a one year high of $110.48. The company has a market capitalization of $54.37 billion, a P/E ratio of 18.17, a PEG ratio of 2.97 and a beta of 0.42. The company has a current ratio of 0.44, a quick ratio of 0.31 and a debt-to-equity ratio of 1.46. The firm's 50-day simple moving average is $104.72 and its 200 day simple moving average is $100.90.

American Electric Power (NASDAQ:AEP - Get Free Report) last released its quarterly earnings results on Tuesday, May 6th. The company reported $1.54 earnings per share for the quarter, beating analysts' consensus estimates of $1.40 by $0.14. American Electric Power had a net margin of 15.08% and a return on equity of 11.27%. The business had revenue of $5.46 billion for the quarter, compared to analysts' expectations of $5.33 billion. During the same period last year, the business earned $1.27 EPS. The company's revenue was up 8.7% compared to the same quarter last year. As a group, research analysts expect that American Electric Power Company, Inc. will post 5.87 EPS for the current fiscal year.

American Electric Power Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, June 10th. Investors of record on Friday, May 9th will be paid a $0.93 dividend. This represents a $3.72 dividend on an annualized basis and a yield of 3.66%. The ex-dividend date is Friday, May 9th. American Electric Power's dividend payout ratio (DPR) is presently 71.68%.

Institutional Trading of American Electric Power

Several large investors have recently bought and sold shares of AEP. EQ Wealth Advisors LLC acquired a new stake in shares of American Electric Power during the first quarter worth $25,000. Bank of New Hampshire acquired a new stake in American Electric Power during the 1st quarter worth about $28,000. Skandinaviska Enskilda Banken AB publ purchased a new stake in American Electric Power during the 4th quarter valued at about $25,000. Bayforest Capital Ltd acquired a new position in shares of American Electric Power in the first quarter valued at about $31,000. Finally, MJT & Associates Financial Advisory Group Inc. purchased a new position in shares of American Electric Power in the first quarter worth about $33,000. Hedge funds and other institutional investors own 75.24% of the company's stock.

Analyst Ratings Changes

Several research analysts recently commented on AEP shares. Barclays raised their price target on shares of American Electric Power from $95.00 to $106.00 and gave the stock an "equal weight" rating in a research note on Tuesday, April 22nd. Morgan Stanley reduced their price target on shares of American Electric Power from $114.00 to $113.00 and set an "overweight" rating on the stock in a research note on Thursday, May 22nd. Citigroup increased their target price on shares of American Electric Power from $102.00 to $109.00 and gave the stock a "neutral" rating in a report on Wednesday, May 7th. BMO Capital Markets increased their target price on shares of American Electric Power from $111.00 to $115.00 and gave the stock an "outperform" rating in a report on Monday, April 21st. Finally, Wells Fargo & Company increased their target price on shares of American Electric Power from $107.00 to $114.00 and gave the stock an "equal weight" rating in a report on Wednesday, May 7th. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating and four have given a buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of "Hold" and an average price target of $105.69.

About American Electric Power

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.