The stock of American Electric Power Company Inc (NASDAQ:AEP) last traded at $96.25, down -4.13% from the previous session.
AEP stock price is now -4.35% away from the 50-day moving average and 5.90% away from the 200-day moving average. The market capitalization of the company currently stands at $51.22B.
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With the price target of $107, Jefferies recently initiated with Hold rating for American Electric Power Company Inc (NASDAQ: AEP). On August 06, 2024, BofA Securities Downgraded its previous ‘Neutral’ rating to ‘Underperform’ on the stock increasing its target price from $96 to quote $97, while ‘Ladenburg Thalmann’ rates the stock as ‘Neutral’
In other news, Beasley J Barnie, Former Director bought 3,218 shares of the company’s stock on Aug 01 ’24. The stock was bought for $318,435 at an average price of $98.95. An SEC document containing details of the transaction can be found on the SEC’s website. On Jul 30 ’24, Officer Risch Therace bought 5,274 shares of the business’s stock. A total of $516,747 was incurred on buying the stock at an average price of $97.98. A total of 0.08% of the company’s stock is owned by insiders.
During the past 12 months, American Electric Power Company Inc has had a low of $74.97 and a high of $105.18. As of last week, the company has a debt-to-equity ratio of 1.70, a current ratio of 0.65, and a quick ratio of 0.48. According to the stock market information, the enterprise value for the company is $97377148928, which is based on a 19.21 price-to-earnings ratio, a 2.96 price-to-earnings-growth ratio, and a beta of 0.55. The fifty day moving average price for AEP is $100.6712 and a two-hundred day moving average price translates $90.79355 for the stock.
The latest earnings results from American Electric Power Company Inc (NASDAQ: AEP) was released for 2024-06-30. The net profit margin was 13.32% and return on equity was 10.53% for AEP. The company reported revenue of $4.58 billion for the quarter, compared to $4.37 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 4.73 percent.
