As of Friday close, American Electric Power Company Inc.’s (NASDAQ:AEP) stock was down -$0.71, moving down -0.89 percent to $79.17. The average number of shares traded per day over the past five days has been 2,328,480 shares. 3 times new highs have been achieved over the past 5 days, with a -$0.87 fall in that time frame. In the last twenty days, the average volume was 2,545,945, while in the previous 50 days, it was 3,043,266.
Since last month, AEP stock retreated -0.33%. Shares of the company fell to $75.47 on 09/05/23, the lowest level in the past month. A 52-week high of $100.32 was reached on 01/09/23 after having rallying from a 52-week low of $75.47. Since the beginning of this year, AEP’s stock price has dropped by -16.62% or -$15.78, and marked a new high 4 times. However, the stock has declined by -21.08% since its 52-week high.
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AEP stock investors should be aware that American Electric Power Company Inc. (AEP) stock had its last reported insider trading activity 144 days ago on May 02. Akins Nicholas K, the Executive Chair of the company, disposed of 10,491 shares for $92.75 on May 02. It resulted in a $973,040 divestment by the insider. Feinberg David Matthew sold 1,616 shares at an average price of $92.75 on May 02. The insider now owns 8,925 shares following the transaction. On May 02, Executive Vice President Beam Christian T sold 513 shares at $92.75 apiece. The transaction was valued at $47,581.
Valuation Metrics
Right now, American Electric Power Company Inc. (AEP) has a P/E ratio of about 20.56. The stock’s beta is 0.45. Besides these, the trailing price-to-sales (P/S) ratio of 2.11, the price-to-book (PB) ratio of 1.70.
The latest dividend of $0.83 per share was paid out, remained unchanged from last year’s $0.83. On Tuesday October 25 2022, a $0.05 dividend increase was announced.
Financial Health
In the three months ended June 29, American Electric Power Company Inc.’s quick ratio stood at 0.50, while its current ratio was 0.60, showing that the company is not able to pay off its debt. According to company report, the long-term debt-to-equity ratio for the quarter ending June 29 was 1.53, and the total debt-to-equity ratio was 1.84. On the profitability front, the trailing twelve-month gross margin is 63.20% percent. In the year ended June 29, EBITDA margin amounted to 34.62%, whereas operating margins totaled 15.80%. Based on annual data, AEP earned $3.48 billion in gross profit and brought in $19.64 billion in revenue.
A company’s management is another factor that investors consider when determining the profitability of an investment. In the past year, return on investment (ROI) was 5.40%. Return on equity (ROE) for the past 12 months was 8.30%.
In American Electric Power Company Inc.’s quarter-end financial report for June 29, it reported total debt of $36.76 billion. According to the earnings report, the company had a lower net income in the recent quarter than it did in the previous quarter. AEP’s revenue fell -6.11% to $4.69 billion during the quarter, while net income inched up to $4.37 billion. While analysts expected American Electric Power Company Inc. to report $1.12 quarterly earnings, the actual figure was $1.13 per share, beating the consensus estimate by 0.90%. During the quarter, the company generated $1.62 billion in EBITDA. The liabilities of American Electric Power Company Inc. were 71.88 billion at the end of its most recent quarter ended June 29, and its total debt was $44.66 billion. The value of shareholders’ equity is $515.18 million.
Technical Picture
This quick technical analysis looks at American Electric Power Company Inc.’s (AEP) price momentum. With a historical volatility rate of 14.82%, the RSI 9-day stood at 48.04% on 22 September.
With respect to its five-day moving average, the current American Electric Power Company Inc. price is down by -1.09% percent or -$0.87. At present, AEP shares trade +0.43% above its 20-day simple moving average and -14.55% percent below its 100-day simple moving average. However, the stock is currently trading approximately -9.29% below its SMA50 and -16.24% below its SMA200.
Stochastic coefficient K was 73.95% and Stochastic coefficient D was 79.70%, while ATR was 1.16. Given the Stochastic reading of 62.71% for the 14-day period, the RSI (14) reading has been calculated as 47.05%. As of today, the MACD Oscillator reading stands at 0.10, while the 14-day reading stands at 1.06.
Analyst Ratings
Ladenburg Thalmann upgraded its rating on American Electric Power Company Inc. (NASDAQ: AEP) to a Neutral in a note to investors on September 13, 2023. The analysts firm previously had a Sell rating on the stock.American Electric Power Company Inc. (AEP) has been rated Overweight by analysts. According to 0 brokerage firms, AEP is a sell, and 9 firms recommend it is a Hold. There are 0 analysts who say the stock is underweight. A total of 3 analysts rate American Electric Power Company Inc. stock as buy, with 8 recommending it as overweight.
With a median target price of $96.00, the current consensus forecast for the stock is $75.50 – $106.00. Based on these forecasts, analysts predict American Electric Power Company Inc. (AEP) will achieve an average price target of $93.90.
