American Electric Power Company Inc. (NASDAQ: AEP) is -3.10% lower on its value in year-to-date trading and has touched a low of $80.30 and a high of $105.60 in the current 52-week trading range. The question becomes, what are the chances the stock will make a comeback and enjoy potential growth. Why not look at analysts view on what the future holds for the stock. The AEP stock was last observed hovering at around $92.59 in the last trading session, with the day’s loss setting it -0.58% off its average median price target of $102.00 for the next 12 months. It is also 18.58% off the consensus price target high of $113.00 offered by 19 analysts, but current levels are 3.15% higher than the price target low of $95.00 for the same period.
Currently trading at $92.01, the stock is 2.57% and 0.06% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 4.17 million and changing -0.63% at the moment leaves the stock -2.49% off its SMA200. AEP registered -4.27% loss for a year compared to 6-month loss of -10.95%.
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The stock witnessed a 1.69% gain in the last 1 month and extending the period to 3 months gives it a -6.70%, and is 3.66% up over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 2.95% over the week and 2.27% over the month.
American Electric Power Company Inc. (AEP) has around 16974 employees, a market worth around $47.95B and $19.64B in sales. Current P/E ratio is 20.44 and Fwd P/E is 16.31. Profit margin for the company is 11.70%. Distance from 52-week low is 14.58% and -12.87% from its 52-week high. The company has generated returns on investments over the last 12 months (5.40%).
American Electric Power Company Inc. (AEP) Analyst Forecasts
Analyst recommendations provided by FactSet shows that the consensus forecast for American Electric Power Company Inc. (AEP) is a “Overweight”. 19 analysts offering their recommendations for the stock have an average rating of 2.30, where 9 rate it as a Hold and 0 think it is a “Overweight”. 10 of the analysts rate the stock as a “Buy”. 0 analysts have rated the stock as a Sell or Underperform.
American Electric Power Company Inc. is expected to release its quarterly report on 04/27/2023.The EPS is expected to shrink by -9.40% this year
American Electric Power Company Inc. (AEP) Top Institutional Holders
The shares outstanding are 513.88M, and float is at 513.70M with Short Float at 1.42%.
American Electric Power Company Inc. (AEP) Insider Activity
A total of 30 insider transactions have happened at American Electric Power Company Inc. (AEP) in the last six months, with sales accounting for 18 and purchases happening 12 times. The most recent transaction is an insider sale by Hall Greg B, the company’s Executive Vice President. SEC filings show that Hall Greg B sold 884 shares of the company’s common stock on Feb 27 at a price of $90.99 per share for a total of $80435.0. Following the sale, the insider now owns 7331.0 shares.
American Electric Power Company Inc. disclosed in a document filed with the SEC on Feb 24 that Akins Nicholas K (Executive Chair) sold a total of 51,034 shares of the company’s common stock. The trade occurred on Feb 24 and was made at $89.44 per share for $4.56 million. Following the transaction, the insider now directly holds 0.14 million shares of the AEP stock.
Still, SEC filings show that on Feb 24, Feinberg David Matthew (Executive Vice President) disposed off 3,998 shares at an average price of $89.44 for $0.36 million. The insider now directly holds 15,714 shares of American Electric Power Company Inc. (AEP).
American Electric Power Company Inc. (AEP): Who are the competitors?
The company’s main competitors (and peers) include NextEra Energy Inc. (NEE) that is trading -7.01% down over the past 12 months and Duke Energy Corporation (DUK) that is -8.89% lower over the same period. The Southern Company (SO) is -0.79% down on the 1-year trading charts.
