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Insider Selling: American Electric Power (NASDAQ:AEP) EVP Sells 1,351 Shares of Stock
American Electric Power (NASDAQ:AEP) EVP Kelly Ferneau sold 1,351 shares of the company’s stock on February 24th for $177,602.46, reducing her holdings by 8.06% to 15,410 shares. This insider selling follows AEP’s strong quarterly earnings, where the company surpassed revenue and EPS expectations and announced a quarterly dividend of $0.95. AEP is currently trading near its 52-week high, and analysts maintain a consensus “Hold” rating for the stock.