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The closing price of American Electric Power Company Inc. (NASDAQ: AEP) was $88.95 for the day, down -1.58% from the previous closing price of $90.38. In other words, the price has decreased by -$1.58 from its previous closing price. On the day, 2.32 million shares were traded. AEP stock price reached its highest trading level at $90.1 during the session, while it also had its lowest trading level at $88.74.
Ratios:
Our analysis of AEP’s different ratios will help us gain a deeper understanding of the company. For the most recent quarter (mrq), Quick Ratio is recorded 0.37 and its Current Ratio is at 0.54. In the meantime, Its Debt-to-Equity ratio is 1.71 whereas as Long-Term Debt/Eq ratio is at 1.52.
Upgrades & Downgrades
In addition, analysts’ ratings and any changes thereto give investors an idea of the stock’s future direction. In the most recent recommendation for the company, UBS on March 11, 2024, Downgraded its rating to Sell and sets its target price to $83 from $86 previously.
On March 08, 2024, Ladenburg Thalmann Downgraded its rating to Sell which previously was Neutral and also lowered its target price recommendation from $75.50 to $73.
Barclays Downgraded its Overweight to Equal Weight on February 28, 2024, whereas the target price for the stock was revised from $84 to $83.
Insider Transactions:
Also, insider trades can serve as a great indicator of what management thinks about the future direction of a stock’s price. A recent insider transaction in this stock occurred on May 31 ’24 when Hall Greg B sold 5,880 shares for $88.25 per share. The transaction valued at 518,910 led to the insider holds 6,385 shares of the business.
Valuation Measures:
Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, AEP now has a Market Capitalization of 46887497728 and an Enterprise Value of 90670080000. As of this moment, American’s Price-to-Earnings (P/E) ratio for their current fiscal year is 16.54, and their Forward P/E ratio for the next fiscal year is 14.91. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 2.60. For the stock, the TTM Price-to-Sale (P/S) ratio is 2.39 while its Price-to-Book (P/B) ratio in mrq is 1.82. Its current Enterprise Value per Revenue stands at 4.694 whereas that against EBITDA is 12.358.
Stock Price History:
Over the past 52 weeks, AEP has reached a high of $93.44, while it has fallen to a 52-week low of $69.38. The 50-Day Moving Average of the stock is 2.19%, while the 200-Day Moving Average is calculated to be 9.70%.
Shares Statistics:
AEP traded an average of 3.10M shares per day over the past three months and 2788490 shares per day over the past ten days. A total of 527.12M shares are outstanding, with a floating share count of 526.72M. Insiders hold about 0.08% of the company’s shares, while institutions hold 77.13% stake in the company. Shares short for AEP as of 1715731200 were 11592364 with a Short Ratio of 3.74, compared to 1713139200 on 8401916. Therefore, it implies a Short% of Shares Outstanding of 11592364 and a Short% of Float of 2.1999999999999997.
Dividends & Splits
With its trailing 12-month dividend rate of 3.42, AEP has a forward annual dividend rate of 3.47. Against a Trailing Annual Dividend Yield of 0.037840232The stock’s 5-year Average Dividend Yield is 3.46.
