The Vanguard Group, Inc. has recently announced that it has increased stake in American Electric Power Company Inc. (NASDAQ:AEP) by 0.09%. After grabbing 46.39 million shares, the institutional investor is now in possession of 41787.0 shares of the Utilities Company. The new investment brought the stake of investor firm to 8.82% having worth around $3.69 billion. Moreover, BlackRock Fund Advisors increased its share by 22732.0 to have a control over 29.11 million shares. And Wellington Management Co. LLP raised its holdings to 3.59 million shares by acquiring 28.59 million shares or 5.44% of the stake.
American Electric Power Company Inc. (AEP) concluded trading on 01/04/24 at a closing price of $83.39, with 3.15 million shares of worth about $263.07 million changed hands on the day. Half year performance of the stock remained negative as price took a plunge of -2.27% during that period and on Thursday the price saw a gain of about 0.01%. Currently the company’s common shares owned by public are about 525.88M shares, out of which, 525.52M shares are available for trading.
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A deeper look into what the analysts at Wall Street are thinking about the price target of this stock provides us with the following: 20 analysts are covering the AEP stock and their offered price forecasts bring an average price target of $86.83. Over the next 12 months, analysts forecasted that the stock’s price could jump as high as $99.00 and could fall to a lowest price of $74.50. The stock’s current price level is 3.96% above of average price target set by the analysts, while a rise to estimated low would result in loss of -11.93% for the stock. However, touching the estimated high of $99.00 would mean a gain of 15.77% for the stock.
According to filings with the U.S. Securities and Exchange Commission (SEC), insiders took part in trade of the company’s stock for 82 times over the past 12 months. They bought 263,259 shares in 24 of the transactions. In 58 selling transactions, insiders dumped 176,849 shares.
Vanguard Total Stock Market ETF, Vanguard 500 Index Fund, and Invesco QQQ Trust are the top 3 mutual funds which are holding stakes in American Electric Power Company Inc. Vanguard Total Stock Market ETF is currently holding 16.14 million shares of worth totaling $1.28 billion. The company recently came buying 19190.0 shares which brought its stake up to 3.07% of the company’s outstanding shares. Vanguard 500 Index Fund bought 54736.0 shares, after which its hold over company’s outstanding shares expand to 2.37%, leaving 12.44 million shares with the mutual fund that have a worth of about $989.3 million. Invesco QQQ Trust, after selling 8.96 million shares, have now control over 1.70% of the stake in the company. It holds 30400.0 shares of worth $712.95 million.
American Electric Power Company Inc. (NASDAQ: AEP) started trading at $83.33, below -$0.05 from concluding price of the previous day. However, the stock later moved at a day high price of 83.98, or with a gain of 0.01%. Stock saw a price change of 3.19% in past 5 days and over the past one month there was a price change of 4.07%. Year-to-date (YTD), AEP shares are showing a performance of 2.67% which decreased to -12.10% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $69.38 but also hit the highest price of $98.32 during that period. The average intraday trading volume for American Electric Power Company Inc. shares is 3.60 million. The stock is currently trading 2.67% above its 20-day simple moving average (SMA20), while that difference is up 5.57% for SMA50 and it goes to 0.77% higher than SMA200.
The Vanguard Group, Inc. acquired 46.39 million shares of American Electric Power Company Inc. having value of about $3.69 billion. Data submitted at the U.S SEC by The Vanguard Group, Inc. revealed that the firm now holds 41787.0 shares in the company valued at close to $3484617.93, or have control over 0.09% stake in the company. American Electric Power Company Inc. (NASDAQ: AEP) currently have 525.88M outstanding shares and institutions hold larger chunk of about 76.11% of that. Holding of mutual funds in the company is about 31.59% while other institutional holders and individual stake holders have control over 44.84% and 0.21% of the stake respectively.
The stock has a current market capitalization of $43.85B and its 3Y-monthly beta is at 0.49. PE ratio of stock for trailing 12 months is 19.16, while it has posted earnings per share of $4.35 in the same period. Its PEG reads 5.18 and has Quick Ratio of 0.44 while making debt-to-equity ratio of 1.69. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for AEP, volatility over the week remained 1.53% while standing at 1.67% over the month.
Analysts are in expectations that American Electric Power Company Inc. (AEP) stock would likely to be making an EPS of $1.29 in the current quarter, while forecast for next quarter EPS is $1.38 and it is $5.6 for next year. For the current quarter EPS, analysts have given the company a lowest target $1.24 which is $1.41 at the higher side of the target for the same. When we compare those targets with actual EPS, we find that company posted an EPS of $1.05 in the same quarter a year ago. Stock’s fiscal year EPS is expected to rise by 3.70% while it is estimated to increase by 6.12% in next year. EPS is likely to grow at an annualized rate of 3.70% for next 5-years, compared to annual growth of 2.96% made by the stock over the past 5-years.
Analysts at 20 brokerage firms have issued recommendations for the American Electric Power Company Inc. (AEP)’s stock and average of those rates the stock at a “Strong Buy” and assign it a score of 1.90. Out of those 20 Wall Street analysts, 9 recommended a “Buy” rating, while 7 were in favor recommending the stock as a “Hold” and 0 analyst recommended the stock as “Sell”.
