The stock of American Electric Power Company Inc (NASDAQ:AEP) last traded at $93.51, up 1.35% from the previous session.
AEP stock price is now -1.57% away from the 50-day moving average and -0.28% away from the 200-day moving average. The market capitalization of the company currently stands at $49.80B.
With the price target reduced from $105 to $102, Scotiabank Downgraded its rating from Sector Outperform to Sector Perform for American Electric Power Company Inc (NASDAQ: AEP). On December 12, 2024, JP Morgan Downgraded its previous ‘Overweight’ rating to ‘Neutral’ on the stock reducing its target price from $109 to quote $102, while ‘Jefferies’ rates the stock as ‘Hold’
In other news, Beasley J Barnie, Former Director bought 3,218 shares of the company’s stock on Aug 01 ’24. The stock was bought for $318,435 at an average price of $98.95. An SEC document containing details of the transaction can be found on the SEC’s website. On Jul 30 ’24, Officer Risch Therace bought 5,274 shares of the business’s stock. A total of $516,747 was incurred on buying the stock at an average price of $97.98. A total of 0.30% of the company’s stock is owned by insiders.
During the past 12 months, American Electric Power Company Inc has had a low of $75.22 and a high of $105.18. As of last week, the company has a debt-to-equity ratio of 1.66, a current ratio of 0.57, and a quick ratio of 0.41. According to the stock market information, the enterprise value for the company is $93588381696, which is based on a 18.78 price-to-earnings ratio, a 2.89 price-to-earnings-growth ratio, and a beta of 0.56. The fifty day moving average price for AEP is $95.0034 and a two-hundred day moving average price translates $93.77355 for the stock.
The latest earnings results from American Electric Power Company Inc (NASDAQ: AEP) was released for 2024-09-30. The net profit margin was 13.26% and return on equity was 10.17% for AEP. The company reported revenue of $5.42 billion for the quarter, compared to $5.34 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 1.47 percent.
