The EVP of American Electric Power (NYSE: AEP) is Selling Shares

By Carrie Williams

Today, the EVP of American Electric Power (AEPResearch Report), David Matthew Feinberg, sold shares of AEP for $388.7K.

In addition to David Matthew Feinberg, 11 other AEP executives reported Sell trades in the last month. This is Feinberg’s first Sell trade following 3 Buy transactions.

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AEP’s market cap is $41.97B and the company has a P/E ratio of 20.58. Currently, American Electric Power has an average volume of 669.6K.

Based on 6 analyst ratings, the analyst consensus is Moderate Buy with an average price target of $87.17, reflecting a 2.6% upside.

In the last 30 days, insiders have sold $895.5K worth of AEP shares and purchased $2.18M worth of AEP shares. The insider sentiment on American Electric Power has been positive according to 27 insider trades in the past three months. This sentiment is slightly higher than the average sentiment of company insiders in this sector.

David Matthew Feinberg’s trades have generated a 0.2% 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.