American Electric Power Company Inc (NASDAQ: AEP) is 14.33% higher on its value in year-to-date trading and has touched a low of $75.22 and a high of $105.18 in the current 52-week trading range. The question becomes, what are the chances the stock will continue to grow shareholders’ wealth in the market. Here’s what analysts think will happen to its price in the coming time. The AEP stock was last observed hovering at around $92.75 in the last trading session, with the day’s gains setting it 0.11%.
Currently trading at $92.86, the stock is -2.42% and -4.02% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 2.28 million and changing 0.12% at the moment leaves the stock -0.44% off its SMA200. AEP registered 16.02% gain for a year compared to 6-month gain of 6.87%. The firm has a 50-day simple moving average (SMA 50) of $96.8544 and a 200-day simple moving average (SMA200) of $93.22625.
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The stock witnessed a -5.32% loss in the last 1 month and extending the period to 3 months gives it a -8.43%, and is 1.19% 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 1.75% over the week and 1.62% over the month.
American Electric Power Company Inc (AEP) has around 17250 employees, a market worth around $49.45B and $19.90B in sales. Current P/E ratio is 18.65 and Fwd P/E is 15.78. Profit margin for the company is 13.26%. Distance from 52-week low is 23.45% and -11.71% from its 52-week high. The company has generated returns on investments over the last 12 months (3.98%).
with sales reaching $4.87B over the same period.The EPS is expected to grow by 7.15% this year, but quarterly earnings will post 4.03% year-over-year. Quarterly sales are estimated to grow 4.93% in year-over-year returns.
American Electric Power Company Inc (AEP) Top Institutional Holders
1870.0 institutions hold shares in American Electric Power Company Inc (AEP), with institutional investors hold 80.81% of the company’s shares. The shares outstanding are 532.47M, and float is at 530.94M with Short Float at 1.54%. Institutions hold 80.77% of the Float.
The top institutional shareholder in the company is VANGUARD GROUP INC with over 50.09 million shares valued at $4.39 billion. The investor’s holdings represent 9.5123% of the AEP Shares outstanding. As of 2024-06-30, the second largest holder is BLACKROCK INC. with 45.45 million shares valued at $3.99 billion to account for 8.6309 of the shares outstanding. The other top investors are STATE STREET CORP which holds 25.79 million shares representing 4.8975% and valued at over $2.26 billion, while WELLINGTON MANAGEMENT GROUP LLP holds 3.9547 of the shares totaling 20.82 million with a market value of $1.83 billion.
American Electric Power Company Inc (AEP) Insider Activity
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Still, SEC filings show that on Jun 05 ’24, Smyth Antonio P (Executive Vice President) disposed off 4,898 shares at an average price of $90.00 for $0.44 million. The insider now directly holds 6,446 shares of American Electric Power Company Inc (AEP).
