In yesterday’s Wall Street session, American Electric Power Company Inc. (NASDAQ:AEPPZ) shares traded at $50.10, up 0.33% from the previous session.
20 analysts cover American Electric Power Company Inc. (NASDAQ:AEPPZ), according to research data. The consensus rating among analysts is ‘Overweight’. As we calculate the median target price by taking the range between a high of $113.00 and a low of $87.50, we find $96.00. Given the previous closing price of $49.93, this indicates a potential upside of 92.27 percent. AEPPZ stock price is now 1.38% away from the 50-day moving average and -0.73% away from the 200-day moving average. The market capitalization of the company currently stands at $43.91B.
Top 5 Artificial Intelligence Stocks to Buy for 2024
By now, you're well aware of the artificial intelligence boom. You know Big Tech has been investing billions of dollars into it.
According to Next Move Strategy Consulting, the AI market – currently valued at about $100 billion – cold grow twenty-fold by 2030 to more than $2 trillion. That means you may want to strongly consider these top AI stocks. Get our free report, "Top 5 AI Stocks to Buy in 2024."
Click here to automatically get the our FREE Report & Special Offer "5 Best AI Stocks to Invest In"
Sponsored
The stock has received a hold rating from 8 analysts and a buy rating from 9. Brokers who have rated the stock have averaged $96.72 as their price target over the next twelve months.
There have been several recent changes in the stakes of large investors in AEPPZ stock. A new stake in American Electric Power Company Inc. shares was purchased by CAMDEN ASSET MANAGEMENT L P /CA during the first quarter worth $47,590,000. TWO SIGMA INVESTMENTS, LP invested $30,480,000 in shares of AEPPZ during the first quarter. In the first quarter, SUSQUEHANNA INTERNATIONAL GROUP, LLP acquired a new stake in American Electric Power Company Inc. valued at approximately $18,335,000. SCULPTOR CAPITAL LP acquired a new stake in AEPPZ for approximately $6,262,000. BLUECREST CAPITAL MANAGEMENT LTD purchased a new stake in AEPPZ valued at around $4,322,000 in the second quarter. In total, there are 65 active investors with 93.35% ownership of the company’s stock.
On Wednesday morning American Electric Power Company Inc. (NASDAQ: AEPPZ) stock kicked off with the opening price of $49.98. During the past 12 months, American Electric Power Company Inc. has had a low of $47.58 and a high of $57.00. The fifty day moving average price for AEPPZ is $49.40 and a two-hundred day moving average price translates $50.44 for the stock.
The latest earnings results from American Electric Power Company Inc. (NASDAQ: AEPPZ) was released for Mar, 2023.
Moreover, the firm recently paid out its quarterly dividend on 05/15/2023. Investors who held shares on 05/12/2023 were paid a $0.765625 dividend. On an annualized basis, this represents a $3.06 dividend and a 6.11% percent yield. There was an ex-dividend date of 05/11/2023 for this dividend. In terms of dividend payout ratio, AEPPZ is presently at 70.59%.
American Electric Power Company Inc.(AEPPZ) Company Profile
American Electric Power Company, Inc., an electric public utility holding company, engages in the generation, transmission, and distribution of electricity for sale to retail and wholesale customers in the United States. It operates through Vertically Integrated Utilities, Transmission and Distribution Utilities, AEP Transmission Holdco, and Generation & Marketing segments. The company generates electricity using coal and lignite, natural gas, renewable, nuclear, hydro, solar, wind, and other energy sources. It also supplies and markets electric power at wholesale to other electric utility companies, rural electric cooperatives, municipalities, and other market participants. The company was incorporated in 1906 and is headquartered in Columbus, Ohio.
