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American Electric Power (NYSE:AEP) Director Benjamin G. S. Fowke III sold 5,000 shares of company stock on October 10, 2025, at a price of $117.52, for a total value of $587,600. The utility giant, with a market capitalization of $62.5 billion, has maintained dividend payments for 55 consecutive years and currently offers a 3.2% yield. According to InvestingPro analysis, the stock is trading near its 52-week high of $119.06.
Following the transaction, Fowke directly owns 35,898 shares of American Electric Power common stock.
The sale was executed under a Rule 10b5-1 trading plan adopted on May 13, 2025.
In other recent news, American Electric Power announced a $2 billion subordinated debenture offering, which includes $1.1 billion of 5.800% Fixed-to-Fixed Reset Rate Junior Subordinated Debentures and $900 million of 6.050% Fixed-to-Fixed Reset Rate Junior Subordinated Debentures, both due in 2056. The underwriting agreement involves major financial institutions such as BofA Securities and Goldman Sachs. Additionally, AEP Texas disclosed a $900 million senior notes offering, with maturities in 2034 and 2055, facilitated by underwriters including BMO Capital Markets and RBC Capital Markets.
Analyst activity around American Electric Power has been notable. UBS raised its price target for AEP to $116 from $110, maintaining a Sell rating, while Evercore ISI initiated coverage with an Outperform rating and a price target of $133. Meanwhile, Mizuho adjusted its price target downward to $113 from $116, citing regulatory concerns and maintaining a Neutral rating. These developments reflect varying perspectives on the company’s future performance.
American Electric Power has also previewed an increase in capital expenditures to $70 billion over the next five years, up from a previous estimate of $54 billion. UBS expects this capital investment to support the existing earnings growth rate rather than increase it. Evercore ISI, however, expressed optimism about AEP’s potential benefits from developments in data center and large load markets.
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