American Electric Power executive vice president sells $1.04m in stock

COLUMBUS, OH—Lies Quinton S., Executive Vice President of American Electric Power Co Inc (NASDAQ:AEP), a $55.5 billion utility company with a strong dividend track record, recently sold a significant portion of company stock. According to a filing with the Securities and Exchange Commission, Quinton executed the sale of 10,141 shares of common stock on May 19, 2025. The shares were sold at a price of $102.68 each, resulting in a total transaction value of approximately $1.04 million. InvestingPro data shows AEP has maintained dividend payments for 55 consecutive years, with a current yield of 3.6%.

Following the transaction, Quinton retains ownership of 9,658 shares in the company. The sale was conducted under a pre-established Rule 10b5-1 trading plan, which Quinton adopted on February 18, 2025. According to InvestingPro analysis, AEP currently appears overvalued relative to its Fair Value, with analyst price targets ranging from $95 to $120. For deeper insights into AEP’s valuation and comprehensive analysis, investors can access the detailed Pro Research Report, available exclusively to InvestingPro subscribers.

In other recent news, American Electric Power (AEP) reported a strong performance in the first quarter of 2025, with earnings per share (EPS) of $1.54, surpassing the forecast of $1.41. However, the company’s revenue came in at $5.46 billion, which was below the anticipated $5.59 billion. AEP reaffirmed its 2025 earnings guidance, projecting operating earnings between $5.75 to $5.95 per share. The company plans a significant capital investment of $54 billion over the next five years, with the potential for an additional $10 billion in incremental investments.

In another development, AEP Transmission Company, LLC announced the sale of $425 million in senior notes, facilitated by PNC Capital Markets LLC, Truist Securities, Inc., and U.S. Bancorp (BVMF:USBC34) Investments, Inc. The issuance involves 5.375% Senior Notes, Series R, due in 2035. This financial move is part of AEP’s broader strategy to support infrastructure and innovation investments.

Analysts have noted AEP’s continued focus on expanding its infrastructure, including its 40,000-mile transmission system and 225,000 miles of distribution infrastructure. These efforts position the company well in high-growth states like Indiana and Texas. Furthermore, AEP’s reaffirmation of its long-term growth rate target of 6% to 8% reflects confidence in its strategic direction. These developments highlight AEP’s ongoing commitment to enhancing its financial performance and operational capabilities.

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