American Electric Power Company, Inc. (NASDAQ:AEP - Get Free Report) EVP Phillip Ulrich sold 4,106 shares of the 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 transaction, the executive vice president directly owned 42,263 shares in the company, valued at $5,582,097.04. The trade was a 8.86% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link.
American Electric Power Price Performance
Shares of NASDAQ:AEP opened at $133.29 on Tuesday. The stock has a market capitalization of $72.09 billion, a P/E ratio of 19.89, a P/E/G ratio of 3.14 and a beta of 0.62. The business has a 50-day moving average of $121.12 and a two-hundred day moving average of $117.40. American Electric Power Company, Inc. has a fifty-two week low of $97.46 and a fifty-two week high of $134.60. 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 (NASDAQ:AEP - Get Free Report) last issued its quarterly earnings data on Thursday, February 12th. The company reported $1.19 EPS for the quarter, beating analysts' consensus estimates of $1.15 by $0.04. American Electric Power had a return on equity of 10.46% and a net margin of 16.37%.The business had revenue of $5.32 billion for the quarter, compared to analyst estimates of $5.07 billion. During the same quarter in the prior year, the firm posted $1.24 EPS. The firm's revenue for the quarter was up 13.2% on a year-over-year basis. American Electric Power has set its FY 2026 guidance at 6.150-6.450 EPS. On average, equities research analysts predict that American Electric Power Company, Inc. will post 5.87 EPS for the current fiscal year.
American Electric Power Dividend Announcement
The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 10th. Stockholders of record on Tuesday, February 10th will be paid a $0.95 dividend. This represents a $3.80 dividend on an annualized basis and a dividend yield of 2.9%. The ex-dividend date is Tuesday, February 10th. American Electric Power's payout ratio is presently 56.72%.
Hedge Funds Weigh In On American Electric Power
Several large investors have recently added to or reduced their stakes in AEP. Activest Wealth Management raised its stake in shares of American Electric Power by 72.2% in the fourth quarter. Activest Wealth Management now owns 217 shares of the company's stock valued at $25,000 after purchasing an additional 91 shares in the last quarter. Harbor Capital Advisors Inc. bought a new stake in American Electric Power in the 3rd quarter valued at $26,000. Meeder Asset Management Inc. acquired a new position in shares of American Electric Power in the 3rd quarter valued at $26,000. Dogwood Wealth Management LLC lifted its holdings in shares of American Electric Power by 330.2% during the 3rd quarter. Dogwood Wealth Management LLC now owns 228 shares of the company's stock worth $26,000 after acquiring an additional 175 shares during the period. Finally, Optima Capital LLC acquired a new stake in shares of American Electric Power during the 4th quarter valued at about $26,000. Institutional investors and hedge funds own 75.24% of the company's stock.
Wall Street Analyst Weigh In
Several research analysts recently commented on AEP shares. Weiss Ratings reiterated a "buy (b)" rating on shares of American Electric Power in a report on Wednesday, January 21st. LADENBURG THALM/SH SH dropped their price objective on American Electric Power from $124.50 to $117.50 and set a "neutral" rating on the stock in a research note on Friday, January 23rd. The Goldman Sachs Group boosted their price objective on American Electric Power from $133.00 to $141.00 and gave the stock a "buy" rating in a research report on Friday, February 13th. 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 report on Friday, February 13th. Finally, Bank of America lowered American Electric Power from a "buy" rating to a "neutral" rating and cut their price target for the stock from $131.00 to $122.00 in a report on Monday, January 12th. Twelve investment analysts have rated the stock with a Buy rating and ten have assigned a Hold rating to the company's stock. According to MarketBeat.com, American Electric Power currently has a consensus rating of "Moderate Buy" and an average price target of $132.88.
Check Out Our Latest Report on American Electric Power
About American Electric Power
(
Get Free Report)
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.
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