American Electric Power Company Inc. (NASDAQ:AEP) saw an upside of 0.05% to close Tuesday at $82.55 after adding $0.04 on the day. The 5-day average trading volume is 2,392,100 shares of the company’s common stock. It has gained $85.25 in the past week. An average of 3,054,485 shares of the company has been traded in the last 20 days, and the 50-day average volume stands at 2,636,928.
AEP’s 1-month performance is -6.53% or -$6.28 on its low of $80.88 reached on 10/01/21. The company’s shares have touched a 52-week low of $74.80 and high of $94.21, with the stock’s rally to the 52-week high happening on 08/20/21. YTD, AEP has lost -0.86% or -$0.72. However, the current price is down -12.38%% from the 52-week high price.
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On Oct 01, 12 days have gone by since the last insider trading activity for American Electric Power Company Inc. (AEP). Akins Nicholas K (President and CEO) most recently sold 2,100 shares at $81.79 per share on Oct 01. This transaction cost the insider $171,759. President and CEO, Akins Nicholas K, sold 2,100 shares at a price of $89.76 on Sep 01. Then, on Aug 02, President and CEO Akins Nicholas K sold 2,100 shares at a price of $88.25 per share. This transaction amounted to $185,325.
The company’s PE ratio for the last five years has touched a high of 64.27 and a low of 16.38. AEP stock has a beta of 0.31. Moving on to other valuation ratios, the trailing price-to-sales (P/S) ratio is 2.63 while the price-to-book (PB) in the most recent quarter is 1.92, with the price to cash flow ratio at 26.50.
American Electric Power Company Inc. pays an annual dividend of $2.96 per share. Its dividend yield is 3.59% and the payout ratio is 62.10%. AEP’s most recent quarterly dividend payment was made on Sep. 10, when it paid $0.74 a share compared with prior rate of $0.74, down 0.0% from last year’s. The company latest dividend increase of $0.04 reported on Wednesday October 21 2020. Measured over the last 3 years, the Dividend has been growing by -12.13% yearly.
It is projected that American Electric Power Company Inc.’s next ex-dividend date will be on 8-Nov-2021. AEP is expected to distribute $0.74 as its next dividend.
American Electric Power Company Inc.’s quick ratio for the period ended June 29 was 0.30, with the current ratio over the same period at 0.40 meaning that AEP stock is not able to fulfill its debt obligations. As well, the company’s long term debt to equity for the quarter ending June 29 was 1.43, while the total debt to equity was 1.69. In terms of profitability, the gross margin trailing 12 months is 73.30%. The trailing 12-month EBITDA margin is 39.49% while for the period ending June 29; American Electric Power Company Inc.’s operating margin was 19.90%. The firm’s gross profit as reported stood at $2.99 billion against revenue of $14.92 billion.
For the quarterly period ending June 29 this year, American Electric Power Company Inc.’s cash and short-term investments amounted to $221.7 million against total debt of $37.06 billion. Net income and sales went down compared to those figures reported in the previous quarter. Analysts expected AEP to announce $1.14 per share in earnings in its latest quarter, but it posted $1.18, representing a 3.50% surprise. EBITDA for the quarter stood at more than $1.6 billion. AEP stock balance sheet for the quarter ending June 29 shows that total liabilities totaled 62.73 billion, with total debt at $37.06 billion. Shareholders hold equity totaling $500.25 million
Let’s look briefly at American Electric Power Company Inc. (AEP) price momentum from a technical analysis perspective. The 9-day relative strength index as at close on 12 October was 40.82% to suggest the stock is trending Neutral, with historical volatility in this time period at 19.61%.
The stock’s 5-day moving average is $83.47, reflecting a -0.57% or -$0.47 change from its current price. AEP is currently trading -6.01% above its 20-day SMA, -4.30% above its 100-day SMA. However, the stock’s current price level is away from the SMA50 and SMA200 by -6.55% and +1.39% respectively.
Stochastic %K and %D was 45.77% and 57.50% and the average true range (ATR) pointed at 1.27. The RSI (14) points at 39.63%, while the 14-day stochastic is at 38.22% with the period’s ATR at 1.30. The stock’s 9-day MACD Oscillator is pointing at 0.00 and 0.37 on the 14-day charts.
In the most recent analyst report for American Electric Power Company Inc. (NASDAQ: AEP), BofA Securities upgraded it to a Buy rating. They previously had a Neutral rating on the stock. Analysts offering their rating for AEP stock have a consensus rating for the stock as Overweight. Currently, 1 brokerage advisors rate AEP as a “sell,”, while 5 advise that investors “Hold.” 0 analysts have rated the stock as underweight. 2 rates the stock as overweight while 10 have offered a “buy” rating.
What is AEP’s price target for the next 12 months?
Analysts have a consensus price target ranging from a low of $83.00 and a high of $112.00, with their median price target at $98.50. Looking at these predictions, the average price target given by analysts is for American Electric Power Company Inc. (AEP) stock is $98.63.