American Electric Power Company Inc (NYSE:AEP) VP Brian X. Tierney sold 4,392 shares of the stock in a transaction on Tuesday, May 14th. The shares were sold at an average price of $86.02, for a total value of $377,799.84. Following the completion of the transaction, the vice president now directly owns 39,449 shares of the company’s stock, valued at $3,393,402.98. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink.
NYSE:AEP traded down $0.17 during trading hours on Thursday, hitting $85.39. The company had a trading volume of 1,081,448 shares, compared to its average volume of 2,678,753. The company has a quick ratio of 0.37, a current ratio of 0.49 and a debt-to-equity ratio of 1.19. The stock has a market cap of $42.18 billion, a P/E ratio of 21.62, a PEG ratio of 3.70 and a beta of 0.17. American Electric Power Company Inc has a 1 year low of $62.71 and a 1 year high of $86.54.
American Electric Power (NYSE:AEP) last issued its earnings results on Thursday, April 25th. The utilities provider reported $1.19 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.10 by $0.09. The company had revenue of $4.10 billion during the quarter, compared to analysts’ expectations of $4.23 billion. American Electric Power had a return on equity of 10.81% and a net margin of 12.64%. The firm’s quarterly revenue was up 2.5% on a year-over-year basis. During the same period in the prior year, the business earned $0.96 EPS. On average, equities analysts anticipate that American Electric Power Company Inc will post 4.13 earnings per share for the current year.
The business also recently announced a quarterly dividend, which will be paid on Monday, June 10th. Shareholders of record on Friday, May 10th will be issued a $0.67 dividend. This represents a $2.68 annualized dividend and a yield of 3.14%. The ex-dividend date is Thursday, May 9th. American Electric Power’s payout ratio is currently 67.85%.
Several research firms recently commented on AEP. Morgan Stanley increased their price objective on American Electric Power from $87.00 to $88.00 and gave the company an “equal weight” rating in a research note on Thursday. UBS Group increased their price objective on American Electric Power from $89.00 to $94.00 and gave the company a “buy” rating in a research note on Thursday, May 9th. Zacks Investment Research raised American Electric Power from a “hold” rating to a “buy” rating and set a $94.00 price objective for the company in a research note on Monday, March 18th. Wolfe Research set a $89.00 price objective on American Electric Power and gave the company a “buy” rating in a research note on Friday, April 26th. Finally, Goldman Sachs Group downgraded American Electric Power from a “buy” rating to a “neutral” rating and set a $78.00 price objective for the company. in a research note on Monday, April 8th. Eight research analysts have rated the stock with a hold rating and ten have given a buy rating to the company’s stock. The company has a consensus rating of “Buy” and an average target price of $81.63.
A number of large investors have recently modified their holdings of AEP. Sageworth Trust Co grew its holdings in American Electric Power by 1,026.9% in the 1st quarter. Sageworth Trust Co now owns 293 shares of the utilities provider’s stock valued at $25,000 after buying an additional 267 shares in the last quarter. Legacy Advisors LLC purchased a new position in shares of American Electric Power during the 1st quarter worth $25,000. Capital Financial Planning LLC purchased a new position in shares of American Electric Power during the 4th quarter worth $26,000. Athena Capital Advisors LLC purchased a new position in shares of American Electric Power during the 4th quarter worth $27,000. Finally, Claybrook Capital LLC purchased a new position in shares of American Electric Power during the 4th quarter worth $27,000. Institutional investors own 73.99% of the company’s stock.
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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. The company generates electricity using coal and lignite, natural gas, nuclear, hydroelectric, solar, wind, and other energy sources.
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