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After finishing at $96.25 in the prior trading day, American Electric Power Company Inc (NASDAQ: AEP) closed at $96.33, up 0.08%. In other words, the price has increased by $0.08 from its previous closing price. On the day, 3.13 million shares were traded. AEP stock price reached its highest trading level at $96.905 during the session, while it also had its lowest trading level at $95.31.
Ratios:
Our goal is to gain a better understanding of AEP by taking a closer look at its different ratios. For the most recent quarter (mrq), Quick Ratio is recorded 0.41 and its Current Ratio is at 0.57. In the meantime, Its Debt-to-Equity ratio is 1.66 whereas as Long-Term Debt/Eq ratio is at 1.49.
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 this company, Jefferies on September 20, 2024, initiated with a Hold rating and assigned the stock a target price of $107.
On August 06, 2024, BofA Securities Downgraded its rating to Underperform which previously was Neutral and also upped its target price recommendation from $96 to $97.
Ladenburg Thalmann Upgraded its Sell to Neutral on June 06, 2024, whereas the target price for the stock was revised from $73 to $86.
Insider Transactions:
The insider trade also gives investors a glimpse into the future direction of stock prices, which can be beneficial to investors. A recent insider transaction in this stock occurred on Aug 01 ’24 when Beasley J Barnie bought 3,218 shares for $98.95 per share.
Risch Therace bought 5,274 shares of AEP for $516,747 on Jul 30 ’24. On Jun 05 ’24, another insider, Smyth Antonio P, who serves as the Executive Vice President of the company, sold 4,898 shares for $90.00 each. As a result, the insider received 440,820 and left with 6,446 shares of the company.
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 51301986304 and an Enterprise Value of 95473983488. As of this moment, American’s Price-to-Earnings (P/E) ratio for their current fiscal year is 19.34, and their Forward P/E ratio for the next fiscal year is 16.26. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 2.98. For the stock, the TTM Price-to-Sale (P/S) ratio is 2.58 while its Price-to-Book (P/B) ratio in mrq is 1.93. Its current Enterprise Value per Revenue stands at 4.871 whereas that against EBITDA is 13.154.
Stock Price History:
Over the past 52 weeks, AEP has reached a high of $105.18, while it has fallen to a 52-week low of $74.97. The 50-Day Moving Average of the stock is -4.23%, while the 200-Day Moving Average is calculated to be 5.88%.
Shares Statistics:
The stock has traded on average 2.83M shares per day over the past 3-months and 3780770 shares per day over the last 10 days, according to various share statistics. A total of 532.12M shares are outstanding, with a floating share count of 531.68M. Insiders hold about 0.08% of the company’s shares, while institutions hold 76.91% stake in the company. Shares short for AEP as of 1728950400 were 6960652 with a Short Ratio of 2.46, compared to 1726185600 on 8615650. Therefore, it implies a Short% of Shares Outstanding of 6960652 and a Short% of Float of 1.3099999.
Dividends & Splits
In the trailing 12 months, AEP’s forward annual dividend rate was 3.37, compared to 3.52 this year. Against a Trailing Annual Dividend Yield of 0.035012987The stock’s 5-year Average Dividend Yield is 3.52.
