Insider Selling: American Electric Power Company EVP Sells 1,771 Shares of Stock (AEP)
American Electric Power Company (NYSE:AEP) EVP Lisa M. Barton sold 1,771 shares of the stock on the open market in a transaction dated Thursday, May 8th. The stock was sold at an average price of $53.11, for a total value of $94,057.81. The transaction was disclosed in a filing with the SEC, which can be accessed through this link.
American Electric Power Company (NYSE:AEP) traded down 0.70% during mid-day trading on Monday, hitting $51.955. The stock had a trading volume of 1,672,235 shares. American Electric Power Company has a 52 week low of $41.83 and a 52 week high of $54.64. The stock’s 50-day moving average is $51.63 and its 200-day moving average is $48.69. The company has a market cap of $25.358 billion and a price-to-earnings ratio of 15.20.
American Electric Power Company (NYSE:AEP) last issued its quarterly earnings data on Friday, April 25th. The company reported $1.15 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.88 by $0.27. The company had revenue of $4.60 billion for the quarter, compared to the consensus estimate of $4.04 billion. During the same quarter in the previous year, the company posted $0.80 earnings per share. The company’s revenue for the quarter was up 21.1% on a year-over-year basis. On average, analysts predict that American Electric Power Company will post $3.48 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Tuesday, June 10th. Stockholders of record on Friday, May 9th will be paid a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a dividend yield of 3.82%. The ex-dividend date is Wednesday, May 7th.
A number of research firms have recently commented on AEP. Analysts at JPMorgan Chase & Co. reiterated a “neutral” rating on shares of American Electric Power Company in a research note on Friday. They now have a $53.00 price target on the stock, up previously from $51.00. Separately, analysts at Macquarie raised their price target on shares of American Electric Power Company from $50.00 to $52.00 in a research note on Monday, April 28th. Finally, analysts at Barclays raised their price target on shares of American Electric Power Company from $52.00 to $58.00 in a research note on Monday, April 28th. They now have an “overweight” rating on the stock. Eight research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and a consensus target price of $53.50.
American Electric Power Company, Inc (NYSE:AEP) is a utility holding company that owns, directly or indirectly, all of the outstanding common stock of its public utility subsidiaries and varying percentages of other subsidiaries.
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