Stocks of American Electric Power Company Inc. (NASDAQ:AEP) traded higher last session on Wall Street, up 0.11% to $79.19.
According to the data, American Electric Power Company Inc. (NASDAQ:AEP) has 20 analysts covering its stock. 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 $89.00, we find $97.12. Given the previous closing price of $79.10, this indicates a potential upside of 22.78 percent. AEP stock price is now -6.00% away from the 50-day moving average and -11.80% away from the 200-day moving average. The market capitalization of the company currently stands at $40.78B.
A total of 9 analysts have issued a hold rating and 9 have given it a buy rating. Brokers who have rated the stock have averaged $98.59 as their price target over the next twelve months.
With the price target of $98, Goldman recently initiated with Buy rating for American Electric Power Company Inc. (NASDAQ: AEP).
In other news, Akins Nicholas K, Executive Chair sold 10,491 shares of the company’s stock on May 02. The stock was sold for $973,040 at an average price of $92.75. Upon completion of the transaction, the Executive Chair now directly owns 125,520 shares in the company, valued at $9.94 million. An SEC document containing details of the transaction can be found on the SEC’s website. On May 02, Executive Vice President Feinberg David Matthew sold 1,616 shares of the business’s stock. A total of $149,884 was realized by selling the stock at an average price of $92.75. This leaves the insider owning 8,925 shares of the company worth $0.71 million. Insiders disposed of 178,686 shares of company stock worth roughly $14.15 million over the past 1 year. A total of 0.03% of the company’s stock is owned by insiders.
There have been several recent changes in the stakes of large investors in AEP stock. A new stake in American Electric Power Company Inc. shares was purchased by ATLAS INFRASTRUCTURE PARTNERS (UK) LTD. during the first quarter worth $56,397,000. UNISUPER MANAGEMENT PTY LTD invested $35,903,000 in shares of AEP during the first quarter. In the first quarter, PORTSIDE WEALTH GROUP, LLC acquired a new stake in American Electric Power Company Inc. valued at approximately $17,789,000. JANNEY MONTGOMERY SCOTT LLC acquired a new stake in AEP for approximately $11,397,000. MML INVESTORS SERVICES, LLC purchased a new stake in AEP valued at around $9,097,000 in the second quarter. In total, there are 1,708 active investors with 75.70% ownership of the company’s stock.
Wednesday’s opening bell rang with an opening price of $79.31 for American Electric Power Company Inc. (NASDAQ: AEP). During the past 12 months, American Electric Power Company Inc. has had a low of $78.87 and a high of $105.60. As of last week, the company has a debt-to-equity ratio of 1.84, a current ratio of 0.60, and a quick ratio of 0.50. According to the stock market information, the enterprise value for the company is $84.95B, which is based on a 20.56 price-to-earnings ratio, a 3.95 price-to-earnings-growth ratio, and a beta of 0.46. The fifty day moving average price for AEP is $84.15 and a two-hundred day moving average price translates $89.75 for the stock.
The latest earnings results from American Electric Power Company Inc. (NASDAQ: AEP) was released for Jun, 2023. According to the Utilities – Regulated Electric Company, earnings per share came in at $1.13, beating analysts’ expectations of $1.12 by 0.01. This compares to $1.02 EPS in the same period last year. The net profit margin was 10.20% and return on equity was 8.30% for AEP. The company reported revenue of $4.37 billion for the quarter, compared to $4.64 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue fell -5.76 percent. For the current quarter, analysts expect AEP to generate $5.42B in revenue.
Moreover, the firm recently paid out its quarterly dividend on 09/08/2023. Investors who held shares on 08/10/2023 were paid a $0.83 dividend. On an annualized basis, this represents a $3.32 dividend and a 4.19% percent yield. There was an ex-dividend date of 08/09/2023 for this dividend. In terms of dividend payout ratio, AEP is presently at 84.60%.
