American Electric Power Company Inc (AEP) EVP Sells $388,740.20 in Stock

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American Electric Power Company Inc (NYSE:AEP) EVP David Matthew Feinberg sold 4,535 shares of American Electric Power stock in a transaction on Wednesday, May 15th. The shares were sold at an average price of $85.72, for a total value of $388,740.20. Following the transaction, the executive vice president now directly owns 9,674 shares of the company’s stock, valued at $829,255.28. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.

Shares of NYSE:AEP traded up $0.45 during midday trading on Friday, reaching $85.85. The company’s stock had a trading volume of 2,000,222 shares, compared to its average volume of 2,152,415. American Electric Power Company Inc has a fifty-two week low of $62.71 and a fifty-two week high of $86.54. The firm has a market cap of $41.95 billion, a PE ratio of 21.73, a price-to-earnings-growth ratio of 3.65 and a beta of 0.17. The company has a debt-to-equity ratio of 1.19, a quick ratio of 0.37 and a current ratio of 0.49.

American Electric Power (NYSE:AEP) last announced its earnings results on Thursday, April 25th. The utilities provider reported $1.19 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.10 by $0.09. American Electric Power had a return on equity of 10.81% and a net margin of 12.64%. The company had revenue of $4.10 billion during the quarter, compared to analyst estimates of $4.23 billion. During the same period last year, the company posted $0.96 earnings per share. The firm’s quarterly revenue was up 2.5% compared to the same quarter last year. On average, analysts anticipate that American Electric Power Company Inc will post 4.13 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Monday, June 10th. Stockholders of record on Friday, May 10th will be paid a $0.67 dividend. The ex-dividend date is Thursday, May 9th. This represents a $2.68 dividend on an annualized basis and a dividend yield of 3.12%. American Electric Power’s dividend payout ratio (DPR) is presently 67.85%.

A number of brokerages have issued reports on AEP. Morgan Stanley cut American Electric Power from an “overweight” rating to an “equal weight” rating and cut their price objective for the company from $86.00 to $83.20 in a report on Thursday, April 18th. Zacks Investment Research cut American Electric Power from a “hold” rating to a “sell” rating in a report on Wednesday, January 23rd. JPMorgan Chase & Co. raised American Electric Power from a “neutral” rating to an “overweight” rating and lifted their price objective for the company from $78.00 to $88.00 in a report on Tuesday, March 12th. Goldman Sachs Group cut American Electric Power from a “buy” rating to a “neutral” rating and set a $78.00 price objective for the company. in a report on Monday, April 8th. Finally, UBS Group lifted their price objective on American Electric Power from $89.00 to $94.00 and gave the company a “buy” rating in a report on Thursday, May 9th. Eight equities research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. American Electric Power presently has an average rating of “Buy” and an average price target of $81.63.

Several large investors have recently made changes to their positions in the company. M Holdings Securities Inc. acquired a new stake in American Electric Power in the first quarter worth about $1,016,000. Dixon Hubard Feinour & Brown Inc. VA increased its position in American Electric Power by 2.3% in the first quarter. Dixon Hubard Feinour & Brown Inc. VA now owns 17,031 shares of the utilities provider’s stock worth $1,426,000 after purchasing an additional 378 shares during the period. Horizon Investments LLC increased its position in American Electric Power by 8.9% in the first quarter. Horizon Investments LLC now owns 20,451 shares of the utilities provider’s stock worth $1,699,000 after purchasing an additional 1,676 shares during the period. Kore Private Wealth LLC acquired a new stake in American Electric Power in the first quarter worth about $146,000. Finally, Castle Rock Wealth Management LLC acquired a new stake in American Electric Power in the first quarter worth about $58,625,000. Institutional investors own 73.99% of the company’s stock.

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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. The company generates electricity using coal and lignite, natural gas, nuclear, hydroelectric, solar, wind, and other energy sources.

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