In Wednesday’s Wall Street session, American Electric Power Company Inc (NASDAQ:AEP) shares traded at $103.90, up 1.37% from the previous session.
AEP stock price is now 1.64% away from the 50-day moving average and 6.49% away from the 200-day moving average. The market capitalization of the company currently stands at $55.48B.
On January 13, 2025, BofA Securities Upgraded its previous ‘Underperform’ rating to ‘Buy’ on the stock increasing its target price from $98 to quote $104, while ‘Scotiabank’ rates the stock as ‘Sector Perform’
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 0.33% of the company’s stock is owned by insiders.
During the past 12 months, American Electric Power Company Inc has had a low of $79.16 and a high of $109.52. As of last week, the company has a debt-to-equity ratio of 1.70, a current ratio of 0.44, and a quick ratio of 0.31. According to the stock market information, the enterprise value for the company is $100991115264, which is based on a 18.59 price-to-earnings ratio, a 2.96 price-to-earnings-growth ratio, and a beta of 0.46. The fifty day moving average price for AEP is $102.0404 and a two-hundred day moving average price translates $97.4923 for the stock.
The latest earnings results from American Electric Power Company Inc (NASDAQ: AEP) was released for 2024-12-31. The net profit margin was 14.90% and return on equity was 11.37% for AEP. The company reported revenue of $4.7 billion for the quarter, compared to $4.58 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 2.6 percent.
