Insider Selling: American Electric Power (NASDAQ:AEP) Director Sells 5,000 Shares of Stock

Key Points

• Director Benjamin Fowke III sold 5,000 shares of American Electric Power at an average price of $108.65, reducing his stake by 10.89%.
• American Electric Power recently announced a quarterly dividend of $0.93 per share, reflecting a 3.4% dividend yield.
• Analysts have mixed ratings on AEP, with price targets ranging from $102 to $120, reflecting the stock's current consensus rating of "Hold."

American Electric Power Company, Inc. (NASDAQ:AEP - Get Free Report) Director Benjamin G. S. Fowke III sold 5,000 shares of American Electric Power stock in a transaction that occurred on Friday, September 12th. The shares were sold at an average price of $108.65, for a total transaction of $543,250.00. Following the sale, the director owned 40,898 shares of the company's stock, valued at approximately $4,443,567.70. The trade was a 10.89% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website.

American Electric Power Price Performance

Shares of NASDAQ:AEP traded up $0.62 during trading on Friday, reaching $107.06. The company had a trading volume of 5,846,040 shares, compared to its average volume of 2,856,833. The company has a fifty day moving average of $110.29 and a two-hundred day moving average of $106.31. The company has a current ratio of 0.55, a quick ratio of 0.41 and a debt-to-equity ratio of 1.33. The stock has a market capitalization of $57.25 billion, a P/E ratio of 15.65, a price-to-earnings-growth ratio of 2.82 and a beta of 0.46. American Electric Power Company, Inc. has a 12 month low of $89.91 and a 12 month high of $115.36.

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

American Electric Power Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, September 10th. Stockholders of record on Friday, August 8th were given a dividend of $0.93 per share. The ex-dividend date was Friday, August 8th. This represents a $3.72 annualized dividend and a dividend yield of 3.5%. American Electric Power's dividend payout ratio is 54.39%.

Hedge Funds Weigh In On American Electric Power

A number of hedge funds have recently modified their holdings of the company. Vanguard Group Inc. grew its position in shares of American Electric Power by 0.4% in the 2nd quarter. Vanguard Group Inc. now owns 52,467,779 shares of the company's stock worth $5,444,057,000 after buying an additional 197,998 shares during the last quarter. State Street Corp lifted its stake in American Electric Power by 2.3% in the second quarter. State Street Corp now owns 28,516,466 shares of the company's stock worth $2,958,869,000 after acquiring an additional 653,712 shares during the period. Wellington Management Group LLP boosted its holdings in American Electric Power by 24.3% in the first quarter. Wellington Management Group LLP now owns 22,102,537 shares of the company's stock valued at $2,415,144,000 after acquiring an additional 4,323,569 shares in the last quarter. GQG Partners LLC increased its position in American Electric Power by 30.4% during the 1st quarter. GQG Partners LLC now owns 19,631,466 shares of the company's stock valued at $2,145,130,000 after purchasing an additional 4,570,941 shares during the period. Finally, Geode Capital Management LLC raised its holdings in American Electric Power by 2.2% in the 2nd quarter. Geode Capital Management LLC now owns 13,352,192 shares of the company's stock worth $1,379,532,000 after purchasing an additional 285,000 shares in the last quarter. Hedge funds and other institutional investors own 75.24% of the company's stock.

Wall Street Analysts Forecast Growth

A number of analysts recently weighed in on the company. Morgan Stanley restated an "overweight" rating on shares of American Electric Power in a research report on Thursday, August 21st. Scotiabank boosted their price objective on shares of American Electric Power from $102.00 to $114.00 and gave the stock a "sector perform" rating in a report on Thursday, July 31st. UBS Group upped their price objective on shares of American Electric Power from $100.00 to $110.00 and gave the company a "sell" rating in a research note on Thursday, July 31st. Mizuho reduced their target price on shares of American Electric Power from $116.00 to $113.00 and set a "neutral" rating on the stock in a report on Tuesday. Finally, Jefferies Financial Group lowered their price target on shares of American Electric Power from $120.00 to $116.00 and set a "hold" rating for the company in a research note on Thursday, September 11th. Five equities 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 stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Hold" and an average price target of $111.50.

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.