Kelly Ferneau Sells 1,006 Shares of American Electric Power (NASDAQ:AEP) Stock

Key Points

• Kelly Ferneau, EVP of American Electric Power, sold 1,006 shares at an average price of $112.00, reducing her ownership by 15.06% to 5,676 shares.
• American Electric Power's stock increased by 1.1% to $114.73 following the sale; it has a market cap of $61.36 billion and a price-to-earnings ratio of 16.76.
• The company reported quarterly earnings of $1.43 per share, above the analyst consensus estimate of $1.27, with revenues of $5.09 billion, reflecting an 11.1% year-over-year increase.

American Electric Power Company, Inc. (NASDAQ:AEP - Get Free Report) EVP Kelly Ferneau sold 1,006 shares of American Electric Power stock in a transaction on Thursday, October 2nd. The stock was sold at an average price of $112.00, for a total value of $112,672.00. Following the sale, the executive vice president owned 5,676 shares of the company's stock, valued at approximately $635,712. This trade represents a 15.06% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website.

American Electric Power Stock Up 1.1%

AEP traded up $1.27 on Friday, hitting $114.73. The company had a trading volume of 815,535 shares, compared to its average volume of 3,503,559. American Electric Power Company, Inc. has a 12-month low of $89.91 and a 12-month high of $115.36. The stock has a market capitalization of $61.36 billion, a price-to-earnings ratio of 16.76, a P/E/G ratio of 2.98 and a beta of 0.48. The stock has a fifty day moving average price of $110.78 and a 200-day moving average price of $106.64. The company has a debt-to-equity ratio of 1.33, a quick ratio of 0.41 and a current ratio of 0.55.

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

American Electric Power Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, September 10th. Stockholders of record on Friday, August 8th were paid a dividend of $0.93 per share. This represents a $3.72 annualized dividend and a dividend yield of 3.2%. The ex-dividend date of this dividend was Friday, August 8th. American Electric Power's dividend payout ratio is presently 54.39%.

Institutional Trading of American Electric Power

Several large investors have recently added to or reduced their stakes in AEP. EQ Wealth Advisors LLC purchased a new stake in American Electric Power in the 1st quarter valued at $25,000. Bank of New Hampshire acquired a new position in shares of American Electric Power in the 1st quarter valued at $28,000. Advantage Trust Co lifted its stake in shares of American Electric Power by 57.1% in the 2nd quarter. Advantage Trust Co now owns 275 shares of the company's stock valued at $29,000 after purchasing an additional 100 shares during the last quarter. Montag A & Associates Inc. lifted its stake in shares of American Electric Power by 166.0% in the 2nd quarter. Montag A & Associates Inc. now owns 282 shares of the company's stock valued at $29,000 after purchasing an additional 176 shares during the last quarter. Finally, Bayforest Capital Ltd acquired a new position in shares of American Electric Power in the 1st quarter valued at $31,000. 75.24% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several brokerages have recently weighed in on AEP. Mizuho reduced their target price on American Electric Power from $116.00 to $113.00 and set a "neutral" rating for the company in a research note on Tuesday, September 16th. Morgan Stanley reduced their target price on American Electric Power from $117.00 to $115.00 and set an "overweight" rating for the company in a research note on Thursday, September 25th. Raymond James Financial reaffirmed an "outperform" rating and set a $122.00 target price (up from $115.00) on shares of American Electric Power in a research note on Thursday, July 31st. Barclays boosted their price target on American Electric Power from $105.00 to $111.00 and gave the stock an "equal weight" rating in a research report on Friday, August 1st. Finally, Jefferies Financial Group dropped their price target on American Electric Power from $120.00 to $116.00 and set a "hold" rating for the company in a research report on Thursday, September 11th. Five analysts have rated the stock with a Buy rating, nine have given a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the stock presently has an average rating of "Hold" and a consensus price target of $111.63.

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.

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