In Thursday’s Wall Street session, American Electric Power Company Inc (NASDAQ:AEP) shares traded at $101.61, up 3.06% from the previous session.
AEP stock price is now -3.57% away from the 50-day moving average and 1.29% away from the 200-day moving average. The market capitalization of the company currently stands at $54.28B.
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 0.35% of the company’s stock is owned by insiders.
During the past 12 months, American Electric Power Company Inc has had a low of $85.93 and a high of $110.48. As of last week, the company has a debt-to-equity ratio of 1.72, a current ratio of 0.42, and a quick ratio of 0.31.
The net profit margin was 13.51% and return on equity was 10.41% for AEP. The company reported revenue of $5.46 billion for the quarter, compared to $5.03 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 8.71 percent.
