Insider Selling: American Electric Power Company, Inc. (NASDAQ:AEP) EVP Sells 2,890 Shares of Stock

American Electric Power Company, Inc. (NASDAQ:AEPGet Rating) EVP David Matthew Feinberg sold 2,890 shares of the stock in a transaction on Monday, May 2nd. The shares were sold at an average price of $99.47, for a total value of $287,468.30. Following the completion of the sale, the executive vice president now owns 11,395 shares in the company, valued at $1,133,460.65. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.

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

  • On Monday, April 4th, David Matthew Feinberg sold 2,699 shares of American Electric Power stock. The shares were sold at an average price of $100.85, for a total value of $272,194.15.

Shares of AEP stock traded up $1.61 during mid-day trading on Tuesday, hitting $99.74. 88,117 shares of the stock were exchanged, compared to its average volume of 2,584,195. The stock’s fifty day simple moving average is $98.17 and its two-hundred day simple moving average is $90.53. The company has a debt-to-equity ratio of 1.28, a quick ratio of 0.54 and a current ratio of 0.61. American Electric Power Company, Inc. has a 12-month low of $80.22 and a 12-month high of $104.81. The stock has a market capitalization of $51.22 billion, a price-to-earnings ratio of 18.76, a P/E/G ratio of 3.44 and a beta of 0.34.

American Electric Power (NASDAQ:AEPGet Rating) last announced its earnings results on Thursday, April 28th. The company reported $1.22 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.20 by $0.02. The firm had revenue of $4.60 billion during the quarter, compared to analysts’ expectations of $4.37 billion. American Electric Power had a return on equity of 10.65% and a net margin of 15.34%. The business’s revenue was up 7.0% on a year-over-year basis. During the same period in the prior year, the firm earned $1.15 EPS. On average, research analysts expect that American Electric Power Company, Inc. will post 4.99 earnings per share for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Friday, June 10th. Shareholders of record on Tuesday, May 10th will be given a dividend of $0.78 per share. This represents a $3.12 annualized dividend and a yield of 3.13%. The ex-dividend date is Monday, May 9th. American Electric Power’s dividend payout ratio (DPR) is 59.66%.

Several analysts have recently issued reports on AEP shares. Royal Bank of Canada increased their price objective on American Electric Power from $101.00 to $106.00 and gave the company an “outperform” rating in a research note on Monday, March 7th. Credit Suisse Group began coverage on American Electric Power in a research note on Monday, April 25th. They issued an “outperform” rating and a $113.00 price objective on the stock. Wells Fargo & Company upgraded American Electric Power from an “equal weight” rating to an “overweight” rating and raised their price target for the company from $93.00 to $101.00 in a research note on Monday, February 28th. Seaport Res Ptn cut American Electric Power from a “buy” rating to a “neutral” rating in a research note on Monday, March 14th. Finally, Mizuho raised their price target on American Electric Power from $94.00 to $104.00 and gave the company a “buy” rating in a research note on Tuesday, March 29th. Two research analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Buy” and a consensus price target of $104.70.

A number of institutional investors and hedge funds have recently added to or reduced their stakes in AEP. American Research & Management Co. increased its position in American Electric Power by 100.0% during the first quarter. American Research & Management Co. now owns 250 shares of the company’s stock worth $25,000 after buying an additional 125 shares during the period. Industrial Alliance Investment Management Inc. acquired a new position in American Electric Power during the fourth quarter worth approximately $26,000. US Asset Management LLC acquired a new position in American Electric Power during the first quarter worth approximately $28,000. Arlington Partners LLC acquired a new position in American Electric Power during the fourth quarter worth approximately $29,000. Finally, Covington Capital Management acquired a new position in American Electric Power during the fourth quarter worth approximately $35,000. 73.26% of the stock is currently owned by institutional investors.

About American Electric Power (Get Rating)

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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Insider Buying and Selling by Quarter for American Electric Power (NASDAQ:AEP)

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