American Electric Power Company, Inc. (NASDAQ:AEP - Get Free Report) EVP David Matthew Feinberg sold 8,058 shares of the firm's stock in a transaction dated Tuesday, June 17th. The shares were sold at an average price of $101.74, for a total value of $819,820.92. Following the transaction, the executive vice president now owns 10,274 shares of the company's stock, valued at $1,045,276.76. This trade represents a 43.96% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website.
David Matthew Feinberg also recently made the following trade(s):
- On Tuesday, June 10th, David Matthew Feinberg sold 8,058 shares of American Electric Power stock. The stock was sold at an average price of $101.49, for a total transaction of $817,806.42.
- On Tuesday, June 3rd, David Matthew Feinberg sold 8,057 shares of American Electric Power stock. The shares were sold at an average price of $102.94, for a total transaction of $829,387.58.
American Electric Power Stock Up 0.1%
AEP stock traded up $0.05 during trading on Wednesday, hitting $101.67. 432,291 shares of the company's stock were exchanged, compared to its average volume of 3,196,767. The business has a 50-day moving average price of $104.17 and a two-hundred day moving average price of $101.15. The company has a current ratio of 0.42, a quick ratio of 0.31 and a debt-to-equity ratio of 1.42. The stock has a market capitalization of $54.31 billion, a price-to-earnings ratio of 19.59, a PEG ratio of 2.71 and a beta of 0.42. American Electric Power Company, Inc. has a 52-week low of $85.93 and a 52-week high of $110.48.
American Electric Power (NASDAQ:AEP - Get Free Report) last issued its quarterly earnings data on Tuesday, May 6th. The company reported $1.54 earnings per share for the quarter, topping the consensus estimate of $1.40 by $0.14. American Electric Power had a net margin of 13.73% and a return on equity of 11.68%. The business had revenue of $5.46 billion during the quarter, compared to the consensus estimate of $5.33 billion. During the same quarter in the previous year, the firm earned $1.27 EPS. The company's revenue was up 8.7% compared to the same quarter last year. As a group, equities research analysts expect that American Electric Power Company, Inc. will post 5.87 EPS for the current year.
American Electric Power Dividend Announcement
The business also recently disclosed a quarterly dividend, which was paid on Tuesday, June 10th. Shareholders 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 annualized dividend and a yield of 3.66%. American Electric Power's dividend payout ratio is presently 71.68%.
Hedge Funds Weigh In On American Electric Power
Several hedge funds have recently made changes to their positions in AEP. GQG Partners LLC increased its stake in American Electric Power by 3.7% in the fourth quarter. GQG Partners LLC now owns 15,060,525 shares of the company's stock valued at $1,389,032,000 after purchasing an additional 543,054 shares during the period. Allworth Financial LP grew its holdings in shares of American Electric Power by 34.5% during the fourth quarter. Allworth Financial LP now owns 15,586 shares of the company's stock worth $1,519,000 after buying an additional 4,000 shares during the last quarter. Oppenheimer Asset Management Inc. increased its position in American Electric Power by 26.5% in the 4th quarter. Oppenheimer Asset Management Inc. now owns 33,743 shares of the company's stock valued at $3,112,000 after acquiring an additional 7,066 shares during the period. Huntington National Bank raised its stake in American Electric Power by 5.1% during the 4th quarter. Huntington National Bank now owns 989,453 shares of the company's stock valued at $91,257,000 after acquiring an additional 48,079 shares during the last quarter. Finally, American National Bank & Trust lifted its position in American Electric Power by 6.1% during the 1st quarter. American National Bank & Trust now owns 1,857 shares of the company's stock worth $203,000 after acquiring an additional 107 shares during the period. Hedge funds and other institutional investors own 75.24% of the company's stock.
Analysts Set New Price Targets
A number of research firms have issued reports on AEP. Bank of America increased their target price 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 increased their price objective on American Electric Power from $107.00 to $114.00 and gave the company an "equal weight" rating in a research note on Wednesday, May 7th. Barclays boosted their target price on 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. BMO Capital Markets increased their price target on American Electric Power from $111.00 to $115.00 and gave the company an "outperform" rating in a research report on Monday, April 21st. Finally, Guggenheim lifted their price objective on American Electric Power from $109.00 to $115.00 and gave the company a "buy" rating in a research note on Wednesday, May 7th. One analyst has rated the stock with a sell rating, seven have given a hold rating and five have issued a buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Hold" and an average target price of $108.31.
View Our Latest Stock Report on American Electric Power
About American Electric Power
(
Get Free Report)
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.
Further Reading
This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.
Before you consider American Electric Power, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and American Electric Power wasn't on the list.
While American Electric Power currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Enter your email address and we'll send you MarketBeat's list of ten stocks that are set to soar in Summer 2025, despite the threat of tariffs and other economic uncertainty. These ten stocks are incredibly resilient and are likely to thrive in any economic environment.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
