The EVP & CFO of American Electric Power (NYSE: AEP) is Buying Shares

By Carrie Williams

Today, the EVP & CFO of American Electric Power (NYSE: AEP), Brian X. Tierney, bought shares of AEP for $434.9K.

Following this transaction Brian X. Tierney’s holding in the company was increased by 61.51% to a total of $819.5K. Following Brian X. Tierney’s last AEP Buy transaction on May 03, 2016, the stock climbed by 9.3%.

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Based on American Electric Power’s latest earnings report for the quarter ending March 31, the company posted quarterly revenue of $4.07 billion and quarterly net profit of $454 million. In comparison, last year the company earned revenue of $3.91 billion and had a net profit of $592 million. The company has a one-year high of $78.07 and a one-year low of $63.32. AEP’s market cap is $34.2B and the company has a P/E ratio of 19.34.

13 different firms, including Argus Research and Merrill Lynch, currently also have a Buy rating on the stock. Starting in March 2018, AEP received 5 Buy ratings in a row. Based on 5 analyst ratings, the analyst consensus is Strong Buy with an average price target of $70.90, reflecting a -2.4% downside.

Brian X. Tierney’s trades have generated a -14.3% average return based on past transactions. DailyInsider proprietary algorithm detects trades by the most influential insiders and selects attractive trading opportunities daily. To subscribe to the DailyInsider visit this page.

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American Electric Power Co., Inc. is a public utility holding company that engages in the business of generation, transmission and distribution of electricity. It operates through the following segments: Vertically Integrated Utilities, Transmission & Distribution Utilities, AEP Transmission Holdco and Generation & Marketing.