Insider transactions
Kelly J Ferneau, who serves as Executive Vice President at American Electric Power Co. Inc. (NYSE: AEP), executed two separate stock disposals in late February 2026, according to a Form 4 filing with the Securities and Exchange Commission.
On February 24, 2026, Ferneau sold 1,351 shares of Restricted Stock Units for approximately $177,602, at a price of $131.46 per share. The filing also shows that on February 23, 2026, she sold 589 shares of Common Stock to satisfy tax obligations, with those shares transacting at $132.03 each for a total of $77,765.
Following these transactions, Ferneau’s remaining holdings in the company stand at 15,410 Restricted Stock Units and 16,761 shares of Common Stock.
Market context
The insider sales come as American Electric Power’s stock is trading close to its 52-week high of $132.78 and has produced a 27% total return over the past year. InvestingPro’s analysis, cited in company reporting, indicates that AEP appears overvalued at current levels relative to its Fair Value.
Key company metrics noted in recent reporting include a market capitalization of $71.7 billion, a price-to-earnings ratio of 19.8, and a dividend yield of 2.9%.
Analyst moves and project developments
Several brokerages have adjusted their views on the utility in recent research activity reported alongside the insider filing. Jefferies upgraded its rating on the stock from Hold to Buy, pointing to an increase in contracted load to 56 gigawatts by 2030 and raising its price target to $150. Wolfe Research moved its rating to Outperform with a $142 price target, highlighting what it described as effective execution under new management. TD Cowen kept a Buy rating and raised its price target to $141, citing a strong capital opportunities pipeline.
On the project front, PJM Interconnection has approved a major electric transmission initiative for central Ohio developed by Transource Energy and FirstEnergy Transmission through Grid Growth Ventures LLC. The approved work includes new 765-kilovolt transmission lines and substation upgrades designed to address rising power needs in the Columbus region.
What this means for stakeholders
The disclosed sales provide a factual update on an executive-level change in share ownership while the company remains the subject of positive analyst revisions and regulatory approvals for infrastructure projects. Investors and market participants can reference the SEC Form 4 filing for the complete transaction details.