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The closing price of American Electric Power Company Inc. (NASDAQ: AEP) was $95.84 for the day, up 0.86% from the previous closing price of $95.02. In other words, the price has increased by $0.86 from its previous closing price. On the day, 3.3 million shares were traded. AEP stock price reached its highest trading level at $97.315 during the session, while it also had its lowest trading level at $95.18.
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, Ladenburg Thalmann on June 06, 2024, Upgraded its rating to Neutral and sets its target price to $86 from $73 previously.
On March 11, 2024, UBS Downgraded its rating to Sell which previously was Neutral and also lowered its target price recommendation from $86 to $83.
Ladenburg Thalmann Downgraded its Neutral to Sell on March 08, 2024, whereas the target price for the stock was revised from $75.50 to $73.
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 Jun 05 ’24 when Smyth Antonio P sold 4,898 shares for $90.00 per share. The transaction valued at 440,820 led to the insider holds 6,446 shares of the business.
Hall Greg B sold 5,880 shares of AEP for $518,910 on May 31 ’24. The Executive Vice President now owns 6,385 shares after completing the transaction at $88.25 per share.
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 50519367680 and an Enterprise Value of 94301945856. As of this moment, American’s Price-to-Earnings (P/E) ratio for their current fiscal year is 17.82, and their Forward P/E ratio for the next fiscal year is 16.06. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 2.80. For the stock, the TTM Price-to-Sale (P/S) ratio is 2.57 while its Price-to-Book (P/B) ratio in mrq is 1.96. Its current Enterprise Value per Revenue stands at 4.882 whereas that against EBITDA is 12.853.
Stock Price History:
The Beta on a monthly basis for AEP is 0.51, which has changed by 0.121985435 over the last 52 weeks, in comparison to a change of 0.17829525 over the same period for the S&P500. Over the past 52 weeks, AEP has reached a high of $95.57, while it has fallen to a 52-week low of $69.38. The 50-Day Moving Average of the stock is 6.83%, while the 200-Day Moving Average is calculated to be 15.39%.
Shares Statistics:
AEP traded an average of 2.61M shares per day over the past three months and 2595830 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 77.10% stake in the company. Shares short for AEP as of 1721001600 were 7916882 with a Short Ratio of 3.03, compared to 1718323200 on 7661188. Therefore, it implies a Short% of Shares Outstanding of 7916882 and a Short% of Float of 1.5.
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 0.035992425The stock’s 5-year Average Dividend Yield is 3.48. The current Payout Ratio is 79.39% for AEP, which recently paid a dividend on 2024-05-09 with an ex-dividend date of 1723161600. Stock splits for the company last occurred on 1962-10-31 when the company split stock in a 2:1 ratio.
