American Electric Power (NASDAQ:AEP) Stock Unloaded Rep. David Taylor

Representative David Taylor (R-Ohio) recently sold shares of American Electric Power Company, Inc. (NASDAQ:AEP). In a filing disclosed on April 03rd, the Representative disclosed that they had sold between $1,001 and $15,000 in American Electric Power stock on March 10th. The trade occurred in the Representative's "DAVID TAYLOR TRUST > SCHWAB JOINT BROKERAGE #1 (HOME GROWN)" account.

Representative David Taylor also recently made the following trade(s):

• Purchased $1,001 - $15,000 in shares of Amazon.com NASDAQ: AMZN on 3/27/2025.
• Purchased $1,001 - $15,000 in shares of Parker-Hannifin NYSE: PH on 3/10/2025.
• Purchased $1,001 - $15,000 in shares of JPMorgan Chase & Co. NYSE: JPM on 3/10/2025.
• Purchased $1,001 - $15,000 in shares of Eaton NYSE: ETN on 3/10/2025.
• Sold $1,001 - $15,000 in shares of AT&T NYSE: T on 3/10/2025.
• Sold $1,001 - $15,000 in shares of J. M. Smucker NYSE: SJM on 2/20/2025.
• Purchased $1,001 - $15,000 in shares of Kroger NYSE: KR on 2/20/2025.
• Purchased $1,001 - $15,000 in shares of Procter & Gamble NYSE: PG on 2/10/2025.
• Purchased $1,001 - $15,000 in shares of J. M. Smucker NYSE: SJM on 2/10/2025.
• Purchased $1,001 - $15,000 in shares of Installed Building Products NYSE: IBP on 2/5/2025.

American Electric Power Stock Down 4.2 %

Shares of AEP traded down $4.63 during mid-day trading on Friday, hitting $104.48. 7,367,841 shares of the company traded hands, compared to its average volume of 3,107,684. The business has a 50 day moving average of $103.79 and a 200 day moving average of $99.26. The company has a market capitalization of $55.76 billion, a PE ratio of 18.66, a price-to-earnings-growth ratio of 2.97 and a beta of 0.43. The company has a quick ratio of 0.31, a current ratio of 0.44 and a debt-to-equity ratio of 1.46. American Electric Power Company, Inc. has a 1-year low of $79.16 and a 1-year high of $110.48.

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American Electric Power (NASDAQ:AEP - Get Free Report) last announced its quarterly earnings data on Thursday, February 13th. The company reported $1.24 earnings per share for the quarter, meeting analysts' consensus estimates of $1.24. American Electric Power had a net margin of 15.08% and a return on equity of 11.27%. During the same quarter last year, the firm earned $1.23 EPS. Equities research analysts anticipate that American Electric Power Company, Inc. will post 5.87 EPS for the current year.

American Electric Power Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, March 10th. Shareholders of record on Monday, February 10th were issued a $0.93 dividend. This represents a $3.72 annualized dividend and a yield of 3.56%. The ex-dividend date of this dividend was Monday, February 10th. American Electric Power's dividend payout ratio is presently 66.43%.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Legacy Investment Solutions LLC purchased a new position in shares of American Electric Power in the third quarter worth about $25,000. Skandinaviska Enskilda Banken AB publ purchased a new stake in shares of American Electric Power in the fourth quarter valued at approximately $25,000. Fourth Dimension Wealth LLC acquired a new stake in shares of American Electric Power in the fourth quarter valued at approximately $28,000. Fairway Wealth LLC acquired a new position in American Electric Power during the fourth quarter worth $32,000. Finally, Safe Harbor Fiduciary LLC acquired a new position in American Electric Power during the third quarter worth $33,000. Hedge funds and other institutional investors own 75.24% of the company's stock.

Wall Street Analyst Weigh In

Several equities analysts recently weighed in on AEP shares. Guggenheim upgraded shares of American Electric Power from a "neutral" rating to a "buy" rating in a report on Thursday, January 23rd. JPMorgan Chase & Co. reaffirmed a "neutral" rating and set a $102.00 target price (down from $109.00) on shares of American Electric Power in a report on Thursday, December 12th. Bank of America lifted their price objective on shares of American Electric Power from $108.00 to $114.00 and gave the company a "buy" rating in a report on Tuesday, March 18th. Morgan Stanley raised their target price on American Electric Power from $108.00 to $113.00 and gave the company an "overweight" rating in a research report on Thursday, March 20th. Finally, BMO Capital Markets upped their price target on American Electric Power from $107.00 to $111.00 and gave the stock an "outperform" rating in a report on Wednesday, March 26th. One investment analyst has rated the stock with a sell rating, eight have given a hold rating and five have assigned a buy rating to the company's stock. Based on data from MarketBeat, the company presently has an average rating of "Hold" and a consensus target price of $100.77.

About Representative Taylor

David Taylor (Republican Party) is a member of the U.S. House, representing Ohio's 2nd Congressional District. He assumed office on January 3, 2025. His current term ends on January 3, 2027. Taylor (Republican Party) ran for election to the U.S. House to represent Ohio's 2nd Congressional District. He won in the general election on November 5, 2024. David Taylor graduated from Amelia High School. Taylor earned degrees from Miami University (Ohio) and the University of Dayton School of Law. Taylor's career experience includes working as an attorney and as a businessman at Sardinia Ready Mix, Inc.

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.