Insider Selling: Brian X. Tierney Sells 8,603 Shares of American Electric Power Company Stock (AEP)
American Electric Power Company (NYSE:AEP) CFO Brian X. Tierney unloaded 8,603 shares of American Electric Power Company stock in a transaction dated Thursday, August 14th. The shares were sold at an average price of $50.92, for a total transaction of $438,064.76. Following the transaction, the chief financial officer now directly owns 9,084 shares in the company, valued at approximately $462,557. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link.
Several analysts have recently commented on the stock. Analysts at Morgan Stanley downgraded shares of American Electric Power Company from an “overweight” rating to an “equal weight” rating in a research note on Monday, August 4th. They now have a $52.00 price target on the stock. They noted that the move was a valuation call. Separately, analysts at JPMorgan Chase & Co. reiterated a “neutral” rating on shares of American Electric Power Company in a research note on Monday, July 28th. They now have a $56.00 price target on the stock, up previously from $52.00. Finally, analysts at RBC Capital raised their price target on shares of American Electric Power Company from $53.00 to $54.00 in a research note on Monday, July 28th. Six equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the company. The stock presently has a consensus rating of “Buy” and a consensus price target of $54.13.
American Electric Power Company (NYSE:AEP) traded up 0.55% during mid-day trading on Friday, hitting $51.42. The stock had a trading volume of 2,452,903 shares. American Electric Power Company has a 1-year low of $41.83 and a 1-year high of $55.94. The stock’s 50-day moving average is $53.06 and its 200-day moving average is $51.71. The company has a market cap of $25.127 billion and a price-to-earnings ratio of 14.42.
American Electric Power Company (NYSE:AEP) last issued its quarterly earnings data on Friday, July 25th. The company reported $0.80 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.75 by $0.05. The company had revenue of $4.00 billion for the quarter, compared to the consensus estimate of $3.92 billion. During the same quarter last year, the company posted $0.73 earnings per share. American Electric Power Company’s revenue was up 11.1% compared to the same quarter last year. Analysts expect 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 Wednesday, September 10th. Shareholders of record on Friday, August 8th will be paid a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a dividend yield of 3.89%. The ex-dividend date is Wednesday, August 6th.
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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