Rep. David Taylor Sells American Electric Power Company, Inc. (NASDAQ:AEP) Stock

Representative David Taylor (R-Ohio) recently sold shares of American Electric Power Company, Inc. (NASDAQ:AEP). In a filing disclosed on April 03rd, the Representative disclosed that they had sold between $1,001 and $15,000 in American Electric Power stock on March 10th. The trade occurred in the Representative’s “DAVID TAYLOR TRUST > SCHWAB JOINT BROKERAGE #1 (HOME GROWN)” account.

Representative David Taylor also recently made the following trade(s):

• Purchased $1,001 – $15,000 in shares of Amazon.com (NASDAQ:AMZN) on 3/27/2025.
• Purchased $1,001 – $15,000 in shares of Parker-Hannifin (NYSE:PH) on 3/10/2025.
• Purchased $1,001 – $15,000 in shares of JPMorgan Chase & Co. (NYSE:JPM) on 3/10/2025.
• Purchased $1,001 – $15,000 in shares of Eaton (NYSE:ETN) on 3/10/2025.
• Sold $1,001 – $15,000 in shares of AT&T (NYSE:T) on 3/10/2025.
• Sold $1,001 – $15,000 in shares of J. M. Smucker (NYSE:SJM) on 2/20/2025.
• Purchased $1,001 – $15,000 in shares of Kroger (NYSE:KR) on 2/20/2025.
• Purchased $1,001 – $15,000 in shares of Procter & Gamble (NYSE:PG) on 2/10/2025.
• Purchased $1,001 – $15,000 in shares of J. M. Smucker (NYSE:SJM) on 2/10/2025.
• Purchased $1,001 – $15,000 in shares of Installed Building Products (NYSE:IBP) on 2/5/2025.

American Electric Power Stock Performance

NASDAQ AEP opened at $104.48 on Friday. American Electric Power Company, Inc. has a 52-week low of $79.16 and a 52-week high of $110.48. The company has a fifty day moving average of $103.79 and a 200-day moving average of $99.29. The company has a market capitalization of $55.76 billion, a P/E ratio of 18.66, a P/E/G ratio of 2.97 and a beta of 0.43. The company has a debt-to-equity ratio of 1.46, a quick ratio of 0.31 and a current ratio of 0.44.

American Electric Power (NASDAQ:AEP) last issued its quarterly earnings results on Thursday, February 13th. The company reported $1.24 earnings per share (EPS) for the quarter, hitting the consensus estimate of $1.24. American Electric Power had a return on equity of 11.27% and a net margin of 15.08%. During the same quarter last year, the company earned $1.23 earnings per share. As a group, equities research analysts predict that American Electric Power Company, Inc. will post 5.87 EPS for the current fiscal year.

American Electric Power Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, March 10th. Investors of record on Monday, February 10th were paid a $0.93 dividend. This represents a $3.72 dividend on an annualized basis and a yield of 3.56%. The ex-dividend date was Monday, February 10th. American Electric Power’s dividend payout ratio is currently 66.43%.

Institutional Trading of American Electric Power

Several large investors have recently added to or reduced their stakes in the stock. Hilltop Holdings Inc. boosted its stake in shares of American Electric Power by 12.4% during the 3rd quarter. Hilltop Holdings Inc. now owns 8,529 shares of the company’s stock valued at $875,000 after purchasing an additional 942 shares in the last quarter. Janus Henderson Group PLC boosted its position in American Electric Power by 109.5% during the 3rd quarter. Janus Henderson Group PLC now owns 3,753,250 shares of the company’s stock valued at $385,079,000 after acquiring an additional 1,962,125 shares in the last quarter. Investment Management Corp of Ontario grew its holdings in shares of American Electric Power by 50.7% during the 3rd quarter. Investment Management Corp of Ontario now owns 17,542 shares of the company’s stock worth $1,800,000 after acquiring an additional 5,900 shares during the period. Ingalls & Snyder LLC raised its position in shares of American Electric Power by 23.4% in the 3rd quarter. Ingalls & Snyder LLC now owns 2,989 shares of the company’s stock worth $307,000 after acquiring an additional 567 shares in the last quarter. Finally, IHT Wealth Management LLC lifted its stake in shares of American Electric Power by 152.8% in the 3rd quarter. IHT Wealth Management LLC now owns 19,750 shares of the company’s stock valued at $2,024,000 after purchasing an additional 11,936 shares during the period. Institutional investors own 75.24% of the company’s stock.

Analyst Upgrades and Downgrades

AEP has been the subject of a number of recent research reports. Guggenheim upgraded shares of American Electric Power from a “neutral” rating to a “buy” rating in a report on Thursday, January 23rd. Scotiabank downgraded shares of American Electric Power from a “sector outperform” rating to a “sector perform” rating and lowered their price target for the stock from $105.00 to $102.00 in a research note on Thursday, December 12th. BMO Capital Markets raised their price objective on American Electric Power from $107.00 to $111.00 and gave the company an “outperform” rating in a research note on Wednesday, March 26th. Morgan Stanley boosted their target price on American Electric Power from $108.00 to $113.00 and gave the company an “overweight” rating in a research note on Thursday, March 20th. Finally, JPMorgan Chase & Co. restated a “neutral” rating and set a $102.00 price target (down from $109.00) on shares of American Electric Power in a research report on Thursday, December 12th. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating and five have issued a buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $100.77.

About Representative Taylor

David Taylor (Republican Party) is a member of the U.S. House, representing Ohio’s 2nd Congressional District. He assumed office on January 3, 2025. His current term ends on January 3, 2027.

Taylor (Republican Party) ran for election to the U.S. House to represent Ohio’s 2nd Congressional District. He won in the general election on November 5, 2024.

David Taylor graduated from Amelia High School. Taylor earned degrees from Miami University (Ohio) and the University of Dayton School of Law. Taylor’s career experience includes working as an attorney and as a businessman at Sardinia Ready Mix, Inc.

American Electric Power Company Profile

American Electric Power Company, Inc, an electric public utility holding company, engages in the generation, transmission, and distribution of electricity for sale to retail and wholesale customers in the United States. It operates through Vertically Integrated Utilities, Transmission and Distribution Utilities, AEP Transmission Holdco, and Generation & Marketing segments.