American Electric Power (NASDAQ:AEP) CAO Sells $250,000.00 in Stock

Key Points

• AEP Chief Accounting Officer Kate Dixon sold 2,000 shares at an average price of $125, generating $250,000; the transaction was made under a pre-arranged Rule 10b5-1 trading plan.
• AEP shares recently traded near $124.21, down 1%, while the company’s latest quarterly earnings of $1.36 per share fell short of analyst expectations despite revenue rising 7% year over year.
• The utility maintains a quarterly dividend of $0.95 per share, equivalent to a 3.1% yield, and analysts give the stock a consensus “Moderate Buy” rating with an average price target of $140.19.

American Electric Power Company, Inc. (NASDAQ:AEP - Get Free Report) CAO Kate Dixon sold 2,000 shares of the business's stock in a transaction dated Tuesday, September 8th. The shares were sold at an average price of $125.00, for a total value of $250,000.00. Following the completion of the sale, the chief accounting officer directly owned 15,856 shares of the company's stock, valued at $1,982,000. The trade was a 11.20% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

American Electric Power Stock Down 1.0%

AEP stock traded down $1.21 during trading on Wednesday, reaching $124.21. 1,246,265 shares of the stock were exchanged, compared to its average volume of 3,971,969. The firm's 50 day moving average is $128.78 and its 200 day moving average is $130.50. The firm has a market cap of $67.62 billion, a P/E ratio of 21.27, a price-to-earnings-growth ratio of 2.63 and a beta of 0.51. The company has a current ratio of 0.50, a quick ratio of 0.38 and a debt-to-equity ratio of 1.44. American Electric Power Company, Inc. has a twelve month low of $105.70 and a twelve month high of $140.58.

American Electric Power (NASDAQ:AEP - Get Free Report) last announced its quarterly earnings data on Thursday, July 30th. The company reported $1.36 EPS for the quarter, missing analysts' consensus estimates of $1.48 by ($0.12). American Electric Power had a net margin of 13.78% and a return on equity of 9.95%. The firm had revenue of $5.45 billion during the quarter, compared to analyst estimates of $5.34 billion. During the same period last year, the business posted $1.43 EPS. The company's revenue was up 7.0% on a year-over-year basis. American Electric Power has set its FY 2026 guidance at 6.250-6.550 EPS. As a group, research analysts forecast that American Electric Power Company, Inc. will post 6.39 EPS for the current year.

American Electric Power Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, September 10th. Stockholders of record on Monday, August 10th will be issued a dividend of $0.95 per share. This represents a $3.80 dividend on an annualized basis and a dividend yield of 3.1%. The ex-dividend date is Monday, August 10th. American Electric Power's dividend payout ratio (DPR) is currently 65.18%.

Institutional Investors Weigh In On American Electric Power

Several institutional investors have recently added to or reduced their stakes in the business. California State Teachers Retirement System lifted its stake in shares of American Electric Power by 13,905.1% during the 2nd quarter. California State Teachers Retirement System now owns 86,572,684 shares of the company's stock valued at $11,844,009,000 after buying an additional 85,954,533 shares in the last quarter. BlackRock Inc. bought a new stake in shares of American Electric Power during the second quarter valued at about $6,980,601,000. State Street Corp lifted its holdings in shares of American Electric Power by 5.2% in the fourth quarter. State Street Corp now owns 30,437,776 shares of the company's stock worth $3,509,780,000 after buying an additional 1,514,865 shares in the last quarter. Morgan Stanley lifted its holdings in shares of American Electric Power by 1.9% in the fourth quarter. Morgan Stanley now owns 14,661,858 shares of the company's stock worth $1,690,659,000 after buying an additional 271,879 shares in the last quarter. Finally, Wellington Management Group LLP boosted its position in shares of American Electric Power by 5.4% in the second quarter. Wellington Management Group LLP now owns 13,872,005 shares of the company's stock valued at $1,897,829,000 after acquiring an additional 715,613 shares during the period. 75.24% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of analysts have commented on AEP shares. Barclays decreased their price objective on American Electric Power from $138.00 to $129.00 and set an "equal weight" rating for the company in a report on Monday, August 3rd. Citigroup cut their target price on American Electric Power from $148.00 to $142.00 and set a "neutral" rating on the stock in a research report on Wednesday, August 5th. BMO Capital Markets decreased their price target on American Electric Power from $141.00 to $139.00 and set a "market perform" rating for the company in a report on Wednesday, July 22nd. Jefferies Financial Group raised their price target on shares of American Electric Power from $147.00 to $154.00 and gave the company a "buy" rating in a research report on Wednesday, July 1st. Finally, JPMorgan Chase & Co. cut their price target on shares of American Electric Power from $141.00 to $140.00 and set a "neutral" rating on the stock in a report on Friday, May 15th. Thirteen investment analysts have rated the stock with a Buy rating and nine have assigned a Hold rating to the company. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average price target of $140.19.

American Electric Power Company Profile

American Electric Power Company, Inc NASDAQ: AEP is an electric utility holding company that generates, transmits and distributes electricity to residential, commercial, industrial and other customers. Its operations include regulated electric utilities, power generation facilities and one of the largest electricity transmission networks in the United States.

AEP provides energy delivery and related utility services through operating companies serving customers across Arkansas, Indiana, Kentucky, Louisiana, Michigan, Ohio, Oklahoma, Tennessee, Texas, Virginia and West Virginia.

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