Currently, there are 532.12M common shares owned by the public and among those 531.66M shares have been available to trade.
The company’s stock has a 5-day price change of 0.15% and 10.67% over the past three months. AEP shares are trading 21.02% year to date (YTD), with the 12-month market performance up to 20.99% higher. It has a 12-month low price of $69.38 and touched a high of $104.41 over the same period. AEP has an average intraday trading volume of 2.63 million shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by 3.99%, 8.34%, and 16.99% respectively.
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Institutional ownership of American Electric Power Company Inc. (NASDAQ: AEP) shares accounts for 76.23% of the company’s 532.12M shares outstanding.
It has a market capitalization of $52.30B and a beta (3y monthly) value of 0.52. The stock’s trailing 12-month PE ratio is 19.61, while the earnings-per-share (ttm) stands at $5.01. The company has a PEG of 2.98 and a Quick Ratio of 0.48 with the debt-to-equity ratio at 1.70. Price movements for the stock have been influenced by the stock’s volatility, which stands at 3.72% over the week and 2.10% over the month.
Analysts forecast that American Electric Power Company Inc. (AEP) will achieve an EPS of 1.8 for the current quarter, 1.31 for the next quarter and 6.0 for current fiscal year. The lowest estimate earnings-per-share for the quarter is 1.68 while analysts give the company a high EPS estimate of 1.68. Comparatively, EPS for the current quarter was 1.77 a year ago. Earnings per share for the fiscal year are expected to increase by 7.13%, and 6.24% over the next financial year. EPS should grow at an annualized rate of 6.59% over the next five years, compared to 1.73% over the past 5-year period.
Looking at the support for the AEP, a number of firms have released research notes about the stock. BofA Securities stated their Underperform rating for the stock in a research note on Aug-07-24, with the firm’s price target at $96-$97. Ladenburg Thalmann coverage for the American Electric Power Company Inc. (AEP) stock in a research note released on June 06, 2024 offered a Neutral rating with a price target of $86. UBS was of a view on March 11, 2024 that the stock is Sell, while Ladenburg Thalmann gave the stock Sell rating on March 08, 2024, issuing a price target of $75.50- $73. Barclays on their part issued Equal Weight rating on February 28, 2024.
