American Electric Power (NASDAQ:AEP) EVP Sells $542,320.48 in Stock

American Electric Power Company, Inc. (NASDAQ:AEP) EVP Phillip Ulrich sold 4,106 shares of the company’s stock in a transaction on Friday, February 27th. The stock was sold at an average price of $132.08, for a total transaction of $542,320.48. Following the sale, the executive vice president directly owned 42,263 shares of the company’s stock, valued at approximately $5,582,097.04. This represents a 8.86% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this link.

American Electric Power Stock Performance

Shares of AEP opened at $133.52 on Thursday. The company has a market capitalization of $72.22 billion, a PE ratio of 19.93, a price-to-earnings-growth ratio of 3.10 and a beta of 0.61. The company has a debt-to-equity ratio of 1.37, a current ratio of 0.45 and a quick ratio of 0.33. American Electric Power Company, Inc. has a one year low of $97.46 and a one year high of $134.60. The company’s fifty day moving average price is $121.82 and its 200 day moving average price is $117.65.

American Electric Power (NASDAQ:AEP) last issued its quarterly earnings results on Thursday, February 12th. The company reported $1.19 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.15 by $0.04. The company had revenue of $5.32 billion for the quarter, compared to the consensus estimate of $5.07 billion. American Electric Power had a return on equity of 10.46% and a net margin of 16.37%.The firm’s revenue was up 13.2% compared to the same quarter last year. During the same period last year, the business posted $1.24 earnings per share. American Electric Power has set its FY 2026 guidance at 6.150-6.450 EPS. As a group, analysts expect that American Electric Power Company, Inc. will post 5.87 earnings per share for the current year.

American Electric Power Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, March 10th. Stockholders of record on Tuesday, February 10th will be issued a dividend of $0.95 per share. The ex-dividend date is Tuesday, February 10th. This represents a $3.80 dividend on an annualized basis and a dividend yield of 2.8%. American Electric Power’s payout ratio is 56.72%.

Institutional Investors Weigh In On American Electric Power

A number of institutional investors have recently added to or reduced their stakes in AEP. West Family Investments Inc. bought a new stake in shares of American Electric Power during the second quarter valued at approximately $256,000. Commerzbank Aktiengesellschaft FI lifted its holdings in American Electric Power by 462.1% during the 3rd quarter. Commerzbank Aktiengesellschaft FI now owns 52,953 shares of the company’s stock worth $5,958,000 after buying an additional 43,533 shares in the last quarter. Benjamin Edwards Inc. boosted its position in American Electric Power by 228.6% in the 3rd quarter. Benjamin Edwards Inc. now owns 51,659 shares of the company’s stock valued at $5,812,000 after buying an additional 35,938 shares during the last quarter. Invesco Ltd. increased its stake in shares of American Electric Power by 5.9% in the 2nd quarter. Invesco Ltd. now owns 7,802,211 shares of the company’s stock valued at $809,557,000 after buying an additional 432,441 shares during the period. Finally, CWM LLC raised its position in shares of American Electric Power by 807.5% during the third quarter. CWM LLC now owns 263,751 shares of the company’s stock worth $29,672,000 after acquiring an additional 234,689 shares during the last quarter. 75.24% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

AEP has been the subject of several research analyst reports. Argus upped their target price on shares of American Electric Power from $128.00 to $140.00 and gave the company a “buy” rating in a research note on Monday. Siebert Williams Shank assumed coverage on shares of American Electric Power in a research report on Thursday, December 18th. They set a “buy” rating and a $137.00 price objective for the company. Wolfe Research raised American Electric Power from a “peer perform” rating to an “outperform” rating and set a $142.00 target price on the stock in a research report on Friday, February 13th. TD Cowen boosted their price target on American Electric Power from $137.00 to $141.00 and gave the company a “buy” rating in a research note on Friday, February 20th. Finally, Wells Fargo & Company upped their price target on American Electric Power from $140.00 to $141.00 and gave the company an “overweight” rating in a report on Friday, February 13th. Thirteen equities research analysts have rated the stock with a Buy rating and nine have issued a Hold rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $134.33.

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.