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

American Electric Power Company, Inc. (NASDAQ:AEP) 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 transaction of $112,672.00. Following the transaction, the executive vice president directly owned 5,676 shares of the company’s stock, valued at $635,712. This represents a 15.06% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.

American Electric Power Price Performance

Shares of NASDAQ AEP opened at $114.06 on Friday. American Electric Power Company, Inc. has a twelve month low of $89.91 and a twelve month high of $115.36. The firm has a fifty day simple moving average of $110.87 and a 200 day simple moving average of $106.70. The company has a market capitalization of $61.00 billion, a PE ratio of 16.68, a P/E/G ratio of 3.02 and a beta of 0.48. The company has a quick ratio of 0.41, a current ratio of 0.55 and a debt-to-equity ratio of 1.33.

American Electric Power (NASDAQ:AEP) last posted its quarterly earnings results on Wednesday, July 30th. The company reported $1.43 earnings per share for the quarter, beating the consensus estimate of $1.27 by $0.16. American Electric Power had a net margin of 17.68% and a return on equity of 11.55%. The firm 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 firm posted $1.25 earnings per share. The business’s revenue was up 11.1% compared to the same quarter last year. American Electric Power has set its FY 2025 guidance at 6.570-6.770 EPS. On average, sell-side analysts forecast that American Electric Power Company, Inc. will post 5.87 EPS for the current year.

American Electric Power Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, September 10th. Shareholders of record on Friday, August 8th were paid a $0.93 dividend. This represents a $3.72 annualized dividend and a yield of 3.3%. The ex-dividend date of this dividend was Friday, August 8th. American Electric Power’s payout ratio is 54.39%.

Institutional Investors Weigh In On American Electric Power

Several hedge funds and other institutional investors have recently made changes to their positions in AEP. EQ Wealth Advisors LLC purchased a new stake in American Electric Power in the 1st quarter valued at about $25,000. Bank of New Hampshire purchased a new position in shares of American Electric Power in the 1st quarter worth approximately $28,000. Advantage Trust Co boosted 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 worth $29,000 after buying an additional 100 shares during the last quarter. Montag A & Associates Inc. boosted 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 worth $29,000 after buying an additional 176 shares during the last quarter. Finally, Bayforest Capital Ltd purchased a new position in shares of American Electric Power in the 1st quarter worth approximately $31,000. 75.24% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several research firms have weighed in on AEP. Raymond James Financial reaffirmed an “outperform” rating and issued a $122.00 price target (up from $115.00) on shares of American Electric Power in a research note on Thursday, July 31st. LADENBURG THALM/SH SH decreased their price target on shares of American Electric Power from $112.00 to $108.50 and set a “neutral” rating for the company in a research note on Wednesday, September 10th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of American Electric Power in a research note on Saturday, September 27th. Jefferies Financial Group decreased their target price on shares of 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. Finally, UBS Group boosted their target price on shares of American Electric Power from $100.00 to $110.00 and gave the stock a “sell” rating in a research report on Thursday, July 31st. Six analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, American Electric Power currently has a consensus rating of “Hold” and an average price target of $111.63.

American Electric Power Company Profile

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.