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American Electric Power Co. Inc. (NASDAQ:AEP), a utility company with a market capitalization of $54.2 billion and a solid 3.66% dividend yield, saw Executive Vice President David Matthew Feinberg sell 8,058 shares of company stock on June 17, 2025, at a price of $101.74, for a total transaction value of $819,820. According to InvestingPro analysis, AEP currently appears to be trading above its Fair Value.
Following the transaction, Feinberg directly owns 10,274 shares of American Electric Power.
The sale was executed under a Rule 10b5-1 trading plan adopted on February 28, 2025.
In other recent news, American Electric Power (AEP) reported strong financial results for the first quarter of 2025. The company exceeded earnings per share (EPS) expectations with a reported EPS of $1.54, surpassing the forecast of $1.41. However, revenue fell short of projections, coming in at $5.46 billion against the anticipated $5.59 billion. AEP also reaffirmed its 2025 earnings guidance, projecting operating earnings between $5.75 and $5.95 per share. Additionally, AEP Transmission Company secured $425 million in senior notes with a 5.375% interest rate, due in 2035, to support its financial activities. In leadership changes, AEP appointed Rob Berntsen as executive vice president and general counsel and Johannes Eckert as executive vice president and chief information and technology officer. These developments highlight AEP’s ongoing strategic efforts and financial maneuvers to strengthen its market position.
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