American Electric Power Company Inc (NYSE:AEP) insider Mark C. Mccullough sold 1,503 shares of the stock in a transaction that occurred on Tuesday, May 14th. The shares were sold at an average price of $85.81, for a total value of $128,972.43. Following the transaction, the insider now owns 8,296 shares in the company, valued at approximately $711,879.76. The sale was disclosed in a document filed with the SEC, which is available through this link.
AEP stock traded up $0.20 during midday trading on Thursday, reaching $85.25. The stock had a trading volume of 152,402 shares, compared to its average volume of 2,678,753. The company has a debt-to-equity ratio of 1.19, a quick ratio of 0.37 and a current ratio of 0.49. The firm has a market capitalization of $42.18 billion, a P/E ratio of 21.58, a PEG ratio of 3.70 and a beta of 0.17. American Electric Power Company Inc has a 52-week low of $62.71 and a 52-week high of $86.54.
American Electric Power (NYSE:AEP) last announced its quarterly earnings data on Thursday, April 25th. The utilities provider reported $1.19 earnings per share for the quarter, beating analysts’ consensus estimates of $1.10 by $0.09. The company had revenue of $4.10 billion for the quarter, compared to analyst estimates of $4.23 billion. American Electric Power had a return on equity of 10.81% and a net margin of 12.64%. The firm’s revenue for the quarter was up 2.5% on a year-over-year basis. During the same quarter last year, the firm posted $0.96 EPS. On average, equities analysts forecast that American Electric Power Company Inc will post 4.13 earnings per share for the current year.
AEP has been the topic of a number of recent analyst reports. Zacks Investment Research upgraded American Electric Power from a “sell” rating to a “hold” rating in a research report on Thursday, January 17th. JPMorgan Chase & Co. set a $78.00 target price on American Electric Power and gave the company a “hold” rating in a research report on Friday, January 25th. Morgan Stanley lowered American Electric Power from an “overweight” rating to an “equal weight” rating and decreased their target price for the company from $86.00 to $83.20 in a research report on Thursday, April 18th. Wolfe Research set a $89.00 target price on American Electric Power and gave the company a “buy” rating in a research report on Friday, April 26th. Finally, Goldman Sachs Group lowered American Electric Power from a “buy” rating to a “neutral” rating and set a $78.00 target price on the stock. in a research report on Monday, April 8th. Eight equities research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. The stock has a consensus rating of “Buy” and an average target price of $81.63.
Hedge funds have recently made changes to their positions in the business. Legacy Advisors LLC purchased a new position in American Electric Power in the 1st quarter valued at $25,000. Sageworth Trust Co lifted its holdings in American Electric Power by 1,026.9% in the 1st quarter. Sageworth Trust Co now owns 293 shares of the utilities provider’s stock valued at $25,000 after purchasing an additional 267 shares in the last quarter. Capital Financial Planning LLC purchased a new position in American Electric Power in the 4th quarter valued at $26,000. Athena Capital Advisors LLC purchased a new position in American Electric Power in the 4th quarter valued at $27,000. Finally, Claybrook Capital LLC purchased a new position in American Electric Power in the 4th quarter valued at $27,000. Institutional investors own 73.99% of the company’s stock.
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American Electric Power Company Profile
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. The company generates electricity using coal and lignite, natural gas, nuclear, hydroelectric, solar, wind, and other energy sources.
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