American Electric Power Company, Inc. (NASDAQ:AEP) EVP Sells $817,806.42 in Stock

American Electric Power Company, Inc. (NASDAQ:AEP - Get Free Report) EVP David Matthew Feinberg sold 8,058 shares of American Electric Power stock in a transaction on Tuesday, June 10th. The shares were sold at an average price of $101.49, for a total value of $817,806.42. Following the completion of the transaction, the executive vice president now owns 18,332 shares in the company, valued at $1,860,514.68. This represents a 30.53% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink.

David Matthew Feinberg also recently made the following trade(s):

• On Tuesday, June 3rd, David Matthew Feinberg sold 8,057 shares of American Electric Power stock. The stock was sold at an average price of $102.94, for a total transaction of $829,387.58.

American Electric Power Stock Performance

American Electric Power stock traded up $1.10 during trading hours on Thursday, hitting $103.04. 1,200,058 shares of the stock traded hands, compared to its average volume of 3,744,192. The company has a debt-to-equity ratio of 1.46, a current ratio of 0.44 and a quick ratio of 0.31. The firm's 50 day moving average price is $104.11 and its 200-day moving average price is $101.06. The stock has a market capitalization of $55.04 billion, a price-to-earnings ratio of 18.40, a P/E/G ratio of 2.97 and a beta of 0.42. American Electric Power Company, Inc. has a 1 year low of $85.93 and a 1 year high of $110.48.

American Electric Power (NASDAQ:AEP - Get Free Report) last issued its earnings results on Tuesday, May 6th. The company reported $1.54 EPS for the quarter, beating analysts' consensus estimates of $1.40 by $0.14. The firm had revenue of $5.46 billion for the quarter, compared to analyst estimates of $5.33 billion. American Electric Power had a return on equity of 11.27% and a net margin of 15.08%. American Electric Power's revenue for the quarter was up 8.7% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.27 earnings per share. As a group, equities 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 was paid on Tuesday, June 10th. Stockholders of record on Friday, May 9th were paid a $0.93 dividend. The ex-dividend date was Friday, May 9th. This represents a $3.72 dividend on an annualized basis and a dividend yield of 3.61%. American Electric Power's payout ratio is 71.68%.

Institutional Trading of American Electric Power

Hedge funds have recently modified their holdings of the stock. Hodges Capital Management Inc. boosted its position in American Electric Power by 27.7% in the 1st quarter. Hodges Capital Management Inc. now owns 17,228 shares of the company's stock worth $1,882,000 after purchasing an additional 3,732 shares in the last quarter. Modern Wealth Management LLC boosted its position in American Electric Power by 17.6% in the 1st quarter. Modern Wealth Management LLC now owns 4,755 shares of the company's stock worth $520,000 after purchasing an additional 712 shares in the last quarter. Strs Ohio purchased a new stake in American Electric Power during the first quarter worth $54,352,000. Ellsworth Advisors LLC boosted its holdings in American Electric Power by 2.3% during the first quarter. Ellsworth Advisors LLC now owns 53,994 shares of the company's stock worth $5,900,000 after buying an additional 1,216 shares in the last quarter. Finally, Intrua Financial LLC boosted its holdings in American Electric Power by 15.4% during the first quarter. Intrua Financial LLC now owns 5,009 shares of the company's stock worth $547,000 after buying an additional 667 shares in the last quarter. Hedge funds and other institutional investors own 75.24% of the company's stock.

Analyst Ratings Changes

A number of research analysts have recently issued reports on AEP shares. BMO Capital Markets lifted their price objective on shares of American Electric Power from $111.00 to $115.00 and gave the stock an "outperform" rating in a research report on Monday, April 21st. Citigroup lifted their price target 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. Bank of America lifted their price target on shares of American Electric Power from $108.00 to $114.00 and gave the stock a "buy" rating in a report on Tuesday, March 18th. Wells Fargo & Company boosted their target price on American Electric Power from $107.00 to $114.00 and gave the stock an "equal weight" rating in a research note on Wednesday, May 7th. Finally, UBS Group boosted their target price on American Electric Power from $95.00 to $100.00 and gave the stock a "sell" rating in a research note on Friday, June 6th. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating and four have assigned a buy rating to the company. According to MarketBeat.com, American Electric Power has a consensus rating of "Hold" and an average price target of $107.75.

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.