Today, the EVP of American Electric Power (NYSE: AEP), Lisa Barton, bought shares of AEP for $228.7K.
This recent transaction increases Lisa Barton’s holding in the company by 1915.52% to a total of $61.18K. Following Lisa Barton’s last AEP Buy transaction on February 24, 2017, the stock climbed by 4.6%.
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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.
Lisa Barton’s trades have generated a -11.5% 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.
