Benjamin Fowke III Sells 5,000 Shares of American Electric Power (NASDAQ:AEP) Stock

American Electric Power Company, Inc. (NASDAQ:AEP) Director Benjamin Fowke III sold 5,000 shares of the business’s stock in a transaction on Friday, December 12th. The stock was sold at an average price of $115.07, for a total transaction of $575,350.00. Following the transaction, the director directly owned 25,898 shares in the company, valued at $2,980,082.86. This trade represents a 16.18% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink.

American Electric Power Price Performance

NASDAQ:AEP opened at $114.57 on Wednesday. The company has a debt-to-equity ratio of 1.41, a current ratio of 0.69 and a quick ratio of 0.53. American Electric Power Company, Inc. has a one year low of $89.91 and a one year high of $124.80. The company has a fifty day moving average price of $119.07 and a 200 day moving average price of $111.91. The stock has a market cap of $61.19 billion, a P/E ratio of 16.70, a PEG ratio of 3.02 and a beta of 0.61.

American Electric Power (NASDAQ:AEP) last posted its quarterly earnings data on Wednesday, October 29th. The company reported $1.80 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.81 by ($0.01). The company had revenue of $6.01 billion for the quarter, compared to the consensus estimate of $5.65 billion. American Electric Power had a return on equity of 11.00% and a net margin of 17.23%.The business’s revenue for the quarter was up 10.9% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $1.85 EPS. American Electric Power has set its FY 2025 guidance at 5.850-5.95 EPS. Analysts anticipate that American Electric Power Company, Inc. will post 5.87 earnings per share for the current year.

American Electric Power Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, December 10th. Shareholders of record on Monday, November 10th were given a $0.95 dividend. The ex-dividend date was Monday, November 10th. This represents a $3.80 dividend on an annualized basis and a dividend yield of 3.3%. This is an increase from American Electric Power’s previous quarterly dividend of $0.93. American Electric Power’s dividend payout ratio is 55.39%.

Analyst Ratings Changes

Several analysts have recently weighed in on the company. BTIG Research initiated coverage on American Electric Power in a report on Tuesday, October 21st. They set a “neutral” rating on the stock. JPMorgan Chase & Co. lifted their price target on shares of American Electric Power from $121.00 to $125.00 and gave the stock a “neutral” rating in a research note on Friday, December 12th. TD Cowen upgraded shares of American Electric Power to a “strong-buy” rating in a research note on Thursday, October 30th. LADENBURG THALM/SH SH raised their price objective on shares of American Electric Power from $108.50 to $124.50 and gave the stock a “neutral” rating in a report on Thursday, November 20th. Finally, Wells Fargo & Company upped their target price on shares of American Electric Power from $132.00 to $139.00 in a research note on Thursday, October 30th. Two equities research analysts have rated the stock with a Strong Buy rating, nine have assigned a Buy rating, eight have issued a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $125.62.

Institutional Investors Weigh In On American Electric Power

Large investors have recently made changes to their positions in the company. Harbor Capital Advisors Inc. acquired a new position in American Electric Power in the third quarter valued at about $26,000. Meeder Asset Management Inc. acquired a new stake in shares of American Electric Power during the third quarter worth approximately $26,000. Dogwood Wealth Management LLC raised its stake in shares of American Electric Power by 330.2% in the third quarter. Dogwood Wealth Management LLC now owns 228 shares of the company’s stock valued at $26,000 after acquiring an additional 175 shares during the last quarter. Advantage Trust Co boosted its holdings in shares of American Electric Power by 57.1% in the 2nd quarter. Advantage Trust Co now owns 275 shares of the company’s stock worth $29,000 after acquiring an additional 100 shares in the last quarter. Finally, Montag A & Associates Inc. grew its position in American Electric Power by 166.0% during the 2nd quarter. Montag A & Associates Inc. now owns 282 shares of the company’s stock worth $29,000 after acquiring an additional 176 shares during the last quarter. Institutional investors own 75.24% of the company’s stock.

About American Electric Power

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. It operates through Vertically Integrated Utilities, Transmission and Distribution Utilities, AEP Transmission Holdco, and Generation & Marketing segments.