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David Matthew Feinberg, Executive Vice President of American Electric Power Co Inc (NASDAQ:AEP), a $54.8 billion utility company, sold 8,057 shares of common stock on June 3, 2025. The shares were sold at a price of $102.94 each, amounting to a total transaction value of $829,387. The stock, which currently trades near $102.50, has delivered an 18% return over the past year and offers a 3.6% dividend yield, maintaining its dividend payments for 55 consecutive years.
Following this sale, Feinberg holds 26,298 shares directly. The transaction was executed under a Rule 10b5-1 trading plan, which was adopted earlier this year on February 28, 2025. According to InvestingPro analysis, AEP appears to be trading above its Fair Value, with analysts setting price targets ranging from $95 to $120 per share. InvestingPro subscribers have access to 8 additional key insights about AEP, including detailed financial health metrics and comprehensive valuation analysis in the Pro Research Report.
In other recent news, American Electric Power (AEP) reported its first-quarter 2025 earnings, showcasing a strong performance with an earnings per share (EPS) of $1.54, surpassing the projected $1.41. However, the company experienced a revenue shortfall, bringing in $5.46 billion against an expected $5.59 billion. Despite this, AEP reaffirmed its 2025 earnings guidance, projecting operating earnings between $5.75 and $5.95 per share. Additionally, AEP Transmission Company, LLC secured a $425 million senior notes offering, facilitated by PNC Capital Markets LLC, Truist Securities, Inc., and U.S. Bancorp (BVMF:USBC34) Investments, Inc. This financial maneuver was confirmed in a recent SEC filing. AEP continues to focus on infrastructure investments, planning a $54 billion capital investment over the next five years, with potential for an additional $10 billion. The company is also actively expanding its transmission system, particularly in Texas, where it has been awarded a significant project to build a 765 kV transmission line. These developments reflect AEP’s strategic efforts to enhance its operational capacity and meet growing demand.
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