Insider Selling: American Electric Power (NASDAQ:AEP) CAO Sells $250,000.00 in Stock

American Electric Power Company, Inc. (NASDAQ:AEP) CAO Kate Dixon sold 2,000 shares of American Electric Power stock in a transaction on Tuesday, September 8th. The stock was sold at an average price of $125.00, for a total transaction of $250,000.00. Following the completion of the transaction, the chief accounting officer owned 15,856 shares in the company, valued at approximately $1,982,000. The trade was a 11.20% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

American Electric Power Stock Performance

NASDAQ AEP opened at $123.33 on Friday. The company has a 50-day simple moving average of $127.97 and a two-hundred day simple moving average of $130.38. The company has a quick ratio of 0.38, a current ratio of 0.50 and a debt-to-equity ratio of 1.44. American Electric Power Company, Inc. has a 12-month low of $105.70 and a 12-month high of $140.58. The firm has a market cap of $67.14 billion, a price-to-earnings ratio of 21.15, a PEG ratio of 2.61 and a beta of 0.51.

American Electric Power (NASDAQ:AEP) last released its quarterly earnings data on Thursday, July 30th. The company reported $1.36 EPS for the quarter, missing the consensus estimate of $1.48 by ($0.12). American Electric Power had a return on equity of 9.95% and a net margin of 13.78%.The company had revenue of $5.45 billion during the quarter, compared to analysts’ expectations of $5.34 billion. During the same quarter in the prior year, the firm posted $1.43 EPS. The firm’s quarterly revenue was up 7.0% on a year-over-year basis. American Electric Power has set its FY 2026 guidance at 6.250-6.550 EPS. On average, equities analysts forecast that American Electric Power Company, Inc. will post 6.39 EPS for the current year.

American Electric Power Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, September 10th. Shareholders of record on Monday, August 10th were given a $0.95 dividend. The ex-dividend date was Monday, August 10th. This represents a $3.80 annualized dividend and a yield of 3.1%. American Electric Power’s payout ratio is presently 65.18%.

Hedge Funds Weigh In On American Electric Power

A number of hedge funds and other institutional investors have recently made changes to their positions in AEP. Bullseye Investment Management LLC bought a new position in American Electric Power in the 2nd quarter worth $335,000. Bouchey Financial Group Ltd. boosted its stake in shares of American Electric Power by 7.7% during the 2nd quarter. Bouchey Financial Group Ltd. now owns 2,208 shares of the company’s stock valued at $302,000 after purchasing an additional 158 shares in the last quarter. Core Capital Management & Research inc. purchased a new position in shares of American Electric Power during the second quarter valued at about $55,000. Sequoia Financial Advisors LLC increased its position in shares of American Electric Power by 4.0% during the second quarter. Sequoia Financial Advisors LLC now owns 132,456 shares of the company’s stock valued at $18,121,000 after buying an additional 5,142 shares during the period. Finally, Tidal Investments LLC raised its stake in American Electric Power by 57.2% in the second quarter. Tidal Investments LLC now owns 317,890 shares of the company’s stock worth $43,491,000 after buying an additional 115,625 shares in the last quarter. Institutional investors own 75.24% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts have recently issued reports on AEP shares. Weiss Ratings restated a “buy (b)” rating on shares of American Electric Power in a report on Thursday, August 27th. BMO Capital Markets lowered their price target on shares of American Electric Power from $141.00 to $139.00 and set a “market perform” rating for the company in a report on Wednesday, July 22nd. Barclays dropped their price target on shares of American Electric Power from $138.00 to $129.00 and set an “equal weight” rating for the company in a research report on Monday, August 3rd. TD Cowen restated a “buy” rating on shares of American Electric Power in a research report on Wednesday. Finally, Truist Financial lowered their price objective on shares of American Electric Power from $146.00 to $139.00 and set a “buy” rating for the company in a research note on Monday, August 17th. Thirteen investment analysts have rated the stock with a Buy rating and nine have issued a Hold rating to the stock. According to MarketBeat.com, American Electric Power presently has a consensus rating of “Moderate Buy” and a consensus price target of $140.19.

American Electric Power Company Profile

American Electric Power Company, Inc (NASDAQ:AEP) is an electric utility holding company that generates, transmits and distributes electricity to residential, commercial, industrial and other customers. Its operations include regulated electric utilities, power generation facilities and one of the largest electricity transmission networks in the United States.

AEP provides energy delivery and related utility services through operating companies serving customers across Arkansas, Indiana, Kentucky, Louisiana, Michigan, Ohio, Oklahoma, Tennessee, Texas, Virginia and West Virginia.