American Electric Power Company Inc. (NASDAQ:AEP) finished Thursday with a subtraction of -$0.6 to close at $78.83, a downside of -0.76 percent. An average of 2,823,440 shares of common stock have been traded in the last five days. There was a gain of $0.05 in the past week, and it reached a new high 7 times over the past 12 months. The last 20 days have seen an average of 3,280,560 shares traded, while the 50-day average volume stands at 3,374,448.
AEP stock has decreased by -10.02% in the last month. The company shares reached their 1-month lowest point of $77.80 on 08/21/23. With the stock rallying to its 52-week high on 01/09/23, shares of the company touched a low of $77.80 and a high of $105.60 in 52 weeks. It has reached a new high 4 times so far this year and lost -16.98% or -$16.12 in price. In spite of this, the price is down -25.35% from the 52-week high.
Insider Transactions
AEP stock investors should be aware that American Electric Power Company Inc. (AEP) stock had its last reported insider trading activity 115 days ago on May 02. In this transaction, the insider spent $973,040. Executive Vice President, Feinberg David Matthew, disposed of 1,616 shares at a price of $92.75 on May 02. The insider now owns more than $149,884 worth of shares. Prior to that, Executive Vice President Beam Christian T went on to Sale 513 shares at $92.75 each on May 02. An amount of $47,581 was transacted.
Valuation Metrics
American Electric Power Company Inc. (AEP) has a trailing price-to-earnings (P/E) ratio of 20.47. The stock’s beta is 0.46. Other valuation ratios to consider include the trailing price-to-sales (P/S) ratio at 2.08, the price-to-book (PB) ratio at 1.69.
The company has a payout ratio of 84.60%. The company’s most recent quarterly dividend payment was $0.83 a share, without any change from last year. Its latest increase dividend $0.05 reported on Tuesday October 25 2022.
Financial Health
The quick ratio of American Electric Power Company Inc. for the recent quarter was 0.50, and the current ratio was 0.60, indicating that the company is not able to meet its debt obligations. Further, the company has a long term debt to equity ratio of 1.53 and a total debt to equity ratio of 1.84 for the recent quarter. American Electric Power Company Inc.’s EBITDA margin is 34.62%, while its operating margin for the same period stands at 15.80%. Its gross profit as reported stood at $3.48 billion compared to revenue of $19.64 billion.
For investors, determining the potential profitability of the investment also depends on the performance of the company’s management. In the past 12 months, American Electric Power Company Inc.’s return on assets was 2.10%.
Earnings Surprise
For the recent quarter, American Electric Power Company Inc. had $36.76 billion in total debt. In the quarter under review, the net income was down than the previous quarter. The company posted a net income of $521.2 million in the quarter, while revenues were shrunk -0.63%. Shareholders own equity worth $515.18 million.
Technical Picture
From a technical analysis perspective, let’s take a brief look at American Electric Power Company Inc. (AEP) price momentum. RSI 9-day as of the close on 24 August was 31.38%, suggesting the stock is Neutral, with historical volatility in this time frame at 11.78%.
As of today, AEP’s price is $78.89 +0.06% or $0.05 from its 5-day moving average. AEP is currently trading -7.54% lower than its 20-day SMA and -13.36% lower than its 100-day SMA. However, the stock’s current price level is -5.17% below the SMA50 and -11.99% below the SMA200.
The stochastic %K and %D were 23.05% and 17.39%, respectively, and the average true range (ATR) was 1.25. With the 14-day stochastic at 24.58% and the average true range at 1.33, the RSI (14) stands at 32.70%. The stock has reached -0.10 on the 9-day MACD Oscillator while the 14-day reading was at -0.76.
Analyst Ratings
Barclays launched coverage on American Electric Power Company Inc. (NASDAQ: AEP) in its analyst report released on August 23, 2023. The firm assigned the stock an Overweight rating. The consensus rating for American Electric Power Company Inc. (AEP) among analysts is Overweight. According to current brokerage recommendations, 1 brokerage firm advise that investors sell AEP, while 8 suggest investors hold. There are 0 analysts who rate the stock as underweight. The stock is rated overweight by 3 analysts, while 9 others rate it as a “buy”.
What is AEP’s price target for the next 12 months?
Analysts predict a range of price targets between $74.50 and $113.00, with a median target of $96.00. Taking a look at these predictions, the average price target given by analysts for American Electric Power Company Inc. (AEP) stock is $95.90.
