American Electric Power Company Inc. (AEP) concluded trading on Thursday at a closing price of $98.29, with 1.97 million shares of worth about $194.09 million changed hands on the day. Half year performance of the stock remained positive as price took a surge of 19.87% during that period and on August 22, 2024 the price saw a gain of about 0.29%. Currently the company’s common shares owned by public are about 532.12M shares, out of which, 531.39M shares are available for trading.
Stock saw a price change of 1.79% in past 5 days and over the past one month there was a price change of 3.44%. Year-to-date (YTD), AEP shares are showing a performance of 21.02% which increased to 25.02% 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 $104.41 during that period. The average intraday trading volume for American Electric Power Company Inc. shares is 2.74 million. The stock is currently trading 0.33% above its 20-day simple moving average (SMA20), while that difference is up 5.89% for SMA50 and it goes to 15.14% higher than SMA200.
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American Electric Power Company Inc. (NASDAQ: AEP) currently have 532.12M outstanding shares and institutions hold larger chunk of about 77.04% of that.
The stock has a current market capitalization of $52.30B and its 3Y-monthly beta is at 0.53. PE ratio of stock for trailing 12 months is 19.61, while it has posted earnings per share of $5.01 in the same period. Its PEG reads 2.96 and has Quick Ratio of 0.48 while making debt-to-equity ratio of 1.70. 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 0.96% while standing at 1.96% over the month.
Stock’s fiscal year EPS is expected to rise by 7.16% while it is estimated to increase by 6.20% in next year. EPS is likely to grow at an annualized rate of 6.62% for next 5-years, compared to annual growth of 1.73% made by the stock over the past 5-years.
Digging deeper we find that several firms have released their research notes about the support levels of the stock. Most recent of them is a note released by BofA Securities on August 06, 2024 offering an Underperform rating for the stock and assigned a target price range of between $96 and $97 to it. Coverage by Ladenburg Thalmann stated American Electric Power Company Inc. (AEP) stock as a Neutral in their note to investors on June 06, 2024, suggesting a price target of $86 for the stock. On March 11, 2024, UBS Downgrade their recommendations, while on March 08, 2024, Ladenburg Thalmann Downgrade their ratings for the stock with a price target of $73. Stock get an Equal weight rating from Barclays on February 28, 2024.
