On May 31, 2024, Greg Hall, Executive Vice President of American Electric Power Co Inc (AEP, Financial), sold 5,880 shares of the company. The transaction was documented in a recent SEC Filing. Following this sale, the insider now owns 6,385 shares of the company.
American Electric Power Co Inc (AEP, Financial) is a major utility company that generates, transmits, and distributes electricity to over five million customers across 11 states. The company also owns the nation's largest electricity transmission system, a network that includes approximately 224,000 miles of distribution lines.
Over the past year, the insider transaction history for American Electric Power Co Inc shows a trend of limited insider activity. There have been no insider purchases and only one insider sale, which was conducted by Greg Hall.
Shares of American Electric Power Co Inc were trading at $88.25 on the day of the sale. The company has a market cap of approximately $47.33 billion. The price-earnings ratio of the stock is 16.75, which is above the industry median of 15.2.
The stock is considered Fairly Valued with a price-to-GF Value ratio of 0.93, based on a GF Value of $94.60. The GF Value is calculated considering historical trading multiples, a GuruFocus adjustment factor based on past returns and growth, and future business performance estimates.
This insider sale might interest investors tracking insider behaviors as an indicator of confidence levels in the company's future prospects.
This article, generated by GuruFocus, is designed to provide general insights and is not tailored financial advice. Our commentary is rooted in historical data and analyst projections, utilizing an impartial methodology, and is not intended to serve as specific investment guidance. It does not formulate a recommendation to purchase or divest any stock and does not consider individual investment objectives or financial circumstances. Our objective is to deliver long-term, fundamental data-driven analysis. Be aware that our analysis might not incorporate the most recent, price-sensitive company announcements or qualitative information. GuruFocus holds no position in the stocks mentioned herein.
