American Electric Power Company Inc. (NASDAQ:AEP) shares traded -0.56% lower at $82.85 on Wall Street last session.
AEP stock price is now 2.54% away from the 50-day moving average and 3.12% away from the 200-day moving average. The market capitalization of the company currently stands at $43.59B.
With the price target reduced from $86 to $83, UBS Downgraded its rating from Neutral to Sell for American Electric Power Company Inc. (NASDAQ: AEP). On March 08, 2024, Ladenburg Thalmann Downgraded its previous ‘Neutral’ rating to ‘Sell’ on the stock reducing its target price from $75.50 to quote $73, while ‘Barclays’ rates the stock as ‘Equal Weight’
In other news, Akins Nicholas K, Executive Chair sold 10,491 shares of the company’s stock on May 02 ’23. 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 $10.4 million. An SEC document containing details of the transaction can be found on the SEC’s website. On May 02 ’23, 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 $0.74 million. A total of 0.09% of the company’s stock is owned by insiders.
During the past 12 months, American Electric Power Company Inc. has had a low of $69.38 and a high of $96.05. As of last week, the company has a debt-to-equity ratio of 1.74, a current ratio of 0.53, and a quick ratio of 0.36. According to the stock market information, the enterprise value for the company is $86.69B, which is based on a 19.51 price-to-earnings ratio, a 3.41 price-to-earnings-growth ratio, and a beta of 0.51. The fifty day moving average price for AEP is $80.76 and a two-hundred day moving average price translates $80.34 for the stock.
The latest earnings results from American Electric Power Company Inc. (NASDAQ: AEP) was released for Dec, 2023. According to the Utilities – Regulated Electric Company, earnings per share came in at $1.23, missing analysts’ expectations of $1.26 by -0.03. This compares to $0.73 EPS in the same period last year. The net profit margin was 11.39% and return on equity was 8.99% for AEP. The company reported revenue of $4.58 billion for the quarter, compared to $4.88 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue fell -6.23 percent. For the current quarter, analysts expect AEP to generate $5B in revenue.
