Representative David Taylor (Republican-Ohio) recently sold shares of American Electric Power Company, Inc. (NASDAQ:AEP). In a filing disclosed on March 06th, the Representative disclosed that they had sold between $1,001 and $15,000 in American Electric Power stock on February 26th. The trade occurred in the Representative’s “DAVID TAYLOR TRUST > SARDINIA READY MIX 401(K) – DAVE” account.
Representative David Taylor also recently made the following trade(s):
- Purchased $1,001 – $15,000 in shares of Visa (NYSE:V) on 2/26/2026.
- Sold $1,001 – $15,000 in shares of Fifth Third Bancorp (NASDAQ:FITB) on 2/26/2026.
- Sold $1,001 – $15,000 in shares of Parker-Hannifin (NYSE:PH) on 2/26/2026.
- Sold $1,001 – $15,000 in shares of International Business Machines (NYSE:IBM) on 2/26/2026.
- Purchased $1,001 – $15,000 in shares of Microsoft (NASDAQ:MSFT) on 2/26/2026.
- Sold $1,001 – $15,000 in shares of Marathon Petroleum (NYSE:MPC) on 2/26/2026.
- Sold $1,001 – $15,000 in shares of Lam Research (NASDAQ:LRCX) on 2/26/2026.
- Sold $1,001 – $15,000 in shares of Kroger (NYSE:KR) on 2/26/2026.
- Sold $15,001 – $50,000 in shares of International Business Machines (NYSE:IBM) on 2/26/2026.
- Sold $15,001 – $50,000 in shares of Salesforce (NYSE:CRM) on 2/26/2026.
American Electric Power Price Performance
Shares of American Electric Power stock opened at $131.86 on Tuesday. The company has a market capitalization of $71.59 billion, a price-to-earnings ratio of 19.68, a PEG ratio of 3.10 and a beta of 0.61. The company has a quick ratio of 0.33, a current ratio of 0.45 and a debt-to-equity ratio of 1.37. The stock’s 50-day simple moving average is $122.80 and its 200-day simple moving average is $118.10. American Electric Power Company, Inc. has a 52 week low of $97.46 and a 52 week high of $134.60.
American Electric Power Announces Dividend
The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 10th. Stockholders of record on Tuesday, February 10th will be given a $0.95 dividend. This represents a $3.80 annualized dividend and a dividend yield of 2.9%. The ex-dividend date is Tuesday, February 10th. American Electric Power’s payout ratio is presently 56.72%.
Institutional Trading of American Electric Power
A number of large investors have recently added to or reduced their stakes in AEP. Corient Private Wealth LLC boosted its position in shares of American Electric Power by 6.9% during the 4th quarter. Corient Private Wealth LLC now owns 170,373 shares of the company’s stock valued at $19,648,000 after acquiring an additional 11,000 shares during the last quarter. Union Savings Bank bought a new stake in American Electric Power in the fourth quarter worth $27,000. Gunpowder Capital Management LLC dba Oliver Wealth Management purchased a new stake in American Electric Power during the fourth quarter valued at $57,000. Worthington Financial Partners LLC purchased a new stake in American Electric Power during the fourth quarter valued at $452,000. Finally, Bayban bought a new position in American Electric Power during the fourth quarter valued at $71,000. Institutional investors own 75.24% of the company’s stock.
Insiders Place Their Bets
In other news, Director Benjamin G. S. Fowke III sold 5,000 shares of the business’s stock in a transaction dated Friday, December 12th. The shares were sold at an average price of $115.07, for a total value of $575,350.00. Following the sale, the director directly owned 25,898 shares in the company, valued at $2,980,082.86. The trade was a 16.18% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, EVP Kelly J. Ferneau sold 1,351 shares of the business’s stock in a transaction dated Tuesday, February 24th. The stock was sold at an average price of $131.46, for a total transaction of $177,602.46. Following the completion of the sale, the executive vice president owned 15,410 shares in the company, valued at approximately $2,025,798.60. This trade represents a 8.06% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold 10,457 shares of company stock valued at $1,295,273 in the last three months. Corporate insiders own 0.07% of the company’s stock.
Wall Street Analyst Weigh In
AEP has been the subject of a number of research analyst reports. Argus increased their price objective on shares of American Electric Power from $128.00 to $140.00 and gave the company a “buy” rating in a report on Monday, March 2nd. Weiss Ratings reissued a “buy (b)” rating on shares of American Electric Power in a report on Wednesday, January 21st. Morgan Stanley restated an “overweight” rating and set a $133.00 target price on shares of American Electric Power in a research report on Friday, February 20th. Jefferies Financial Group reaffirmed a “buy” rating and set a $150.00 target price on shares of American Electric Power in a research note on Friday, February 20th. Finally, UBS Group lifted their price target on shares of American Electric Power from $132.00 to $135.00 in a report on Monday. Thirteen research 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 an average rating of “Moderate Buy” and an average target price of $135.24.
Check Out Our Latest Stock Report on American Electric Power
About Representative Taylor
David Taylor (Republican Party) is a member of the U.S. House, representing Ohio’s 2nd Congressional District. He assumed office on January 3, 2025. His current term ends on January 3, 2027.
Taylor (Republican Party) ran for election to the U.S. House to represent Ohio’s 2nd Congressional District. He won in the general election on November 5, 2024.
David Taylor graduated from Amelia High School. Taylor earned degrees from Miami University (Ohio) and the University of Dayton School of Law. Taylor’s career experience includes working as an attorney and as a businessman at Sardinia Ready Mix, Inc.
About American Electric Power
American Electric Power (NASDAQ: AEP) is a major investor-owned electric utility headquartered in Columbus, Ohio. The company is primarily engaged in the generation, transmission and distribution of electricity, operating a diverse portfolio of power plants and an extensive high-voltage transmission network. AEP serves retail customers through its regulated utility subsidiaries and provides wholesale power and grid services across multiple regional markets in the United States.
Operations span the full utility value chain: AEP owns and operates generation assets that include fossil-fuel, natural gas, nuclear and hydropower facilities, and it has been adding renewable resources to its mix.
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