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David Matthew Feinberg, Executive Vice President of American Electric Power Co Inc (NASDAQ:AEP), a utility company with a market capitalization of $54.26 billion, recently sold a significant portion of his holdings in the company. According to a recent SEC filing, Feinberg sold 8,058 shares of AEP common stock on June 10, 2025, at a price of $101.49 per share. The total value of the transaction amounted to $817,806. Following this sale, Feinberg retains ownership of 18,332 shares in the company. The sale was conducted under a Rule 10b5-1 trading plan, which Feinberg had adopted on February 28, 2025.AEP has maintained dividend payments for 55 consecutive years and currently offers a 3.65% yield. According to InvestingPro analysis, the stock appears to be trading near its Fair Value, with analysts setting price targets between $98.78 and $120 per share. For deeper insights into AEP’s financial health and more exclusive tips, investors can access the comprehensive Pro Research Report available on InvestingPro.
In other recent news, American Electric Power (AEP) reported a strong start to 2025 with earnings per share (EPS) of $1.54, surpassing the expected $1.41. However, the company’s revenue for the first quarter fell short, coming in at $5.46 billion against a projected $5.59 billion. AEP reaffirmed its 2025 earnings guidance, projecting operating earnings between $5.75 and $5.95 per share. Meanwhile, AEP Transmission Company, LLC successfully secured $425 million in a senior notes offering, facilitated by PNC Capital Markets LLC, Truist Securities, Inc., and U.S. Bancorp (BVMF:USBC34) Investments, Inc. The issuance of 5.375% Senior Notes, Series R, due in 2035, was confirmed in a recent SEC filing. Additionally, AEP’s ongoing infrastructure investments include a 40,000-mile transmission system and 225,000 miles of distribution infrastructure, with a focus on high-growth states such as Indiana and Texas. The company has also committed to a $54 billion capital investment plan over the next five years, with potential for an additional $10 billion in incremental investments. These developments reflect AEP’s strategic focus on infrastructure expansion and financial stability.
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