In yesterday’s Wall Street session, American Electric Power Company Inc. (NASDAQ:AEP) shares traded at $75.77, up 0.54% from the previous session.
20 analysts cover American Electric Power Company Inc. (NASDAQ:AEP), 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 $100.00 and a low of $75.50, we find $89.00. Given the previous closing price of $75.36, this indicates a potential upside of 18.1 percent. AEP stock price is now -1.35% away from the 50-day moving average and -11.51% away from the 200-day moving average. The market capitalization of the company currently stands at $39.04B.
The stock has received a hold rating from 9 analysts and a buy rating from 8. Brokers who have rated the stock have averaged $88.70 as their price target over the next twelve months.
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 $9.51 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 $0.68 million. Insiders disposed of 178,469 shares of company stock worth roughly $13.52 million over the past 1 year. A total of 0.07% 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 $53,961,000. UNISUPER MANAGEMENT PTY LTD invested $34,352,000 in shares of AEP during the first quarter. In the first quarter, JANNEY MONTGOMERY SCOTT LLC acquired a new stake in American Electric Power Company Inc. valued at approximately $10,904,000. MML INVESTORS SERVICES, LLC acquired a new stake in AEP for approximately $8,704,000. POINT72 ASSET MANAGEMENT, L.P. purchased a new stake in AEP valued at around $8,276,000 in the second quarter.
On Thursday morning American Electric Power Company Inc. (NASDAQ: AEP) stock kicked off with the opening price of $75.53. During the past 12 months, American Electric Power Company Inc. has had a low of $69.38 and a high of $100.32. As of last week, the company has a debt-to-equity ratio of 1.87, a current ratio of 0.61, and a quick ratio of 0.48. According to the stock market information, the enterprise value for the company is $83.19B, which is based on a 19.69 price-to-earnings ratio, a 5.32 price-to-earnings-growth ratio, and a beta of 0.50. The fifty day moving average price for AEP is $76.74 and a two-hundred day moving average price translates $85.52 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 10.08% and return on equity was 8.28% 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 $5.38B in revenue.
Moreover, the firm recently paid out its quarterly dividend on 12/08/2023. Investors who held shares on 11/10/2023 were paid a $0.88 dividend. On an annualized basis, this represents a $3.36 dividend and a 4.43% percent yield. There was an ex-dividend date of 11/09/2023 for this dividend. In terms of dividend payout ratio, AEP is presently at 70.55%.
American Electric Power Company Inc.(AEP) 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.
