American Electric Power Company Inc. [AEP] stock is trading at $85.21, up 0.77%. In order to assess the stock’s recent performance, you can check whether its short-term value is rising or falling. The AEP shares have gain 2.82% over the last week, with a monthly amount glided 0.26%, and seem to be holding up well over a long-time horizon.
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On 27, February 2024, AEP Completes Sale of New Mexico Solar Assets. In a post published today on Yahoo Finance, American Electric Power (Nasdaq: AEP) has completed the sale of its 50% interest in New Mexico Renewable Development, LLC (NMRD) to Exus North America Holdings, LLC (Exus). AEP nets approximately $104 million in cash after tax, transaction fees and other customary adjustments.
From an analyst’s perspective:
American Electric Power Company Inc. [NASDAQ: AEP] stock has seen the most recent analyst activity on March 11, 2024, when UBS downgraded its rating to a Sell and also revised its price target to $83 from $86. Previously, Ladenburg Thalmann downgraded its rating to Sell on March 08, 2024, and dropped its price target to $73. On February 28, 2024, downgrade downgraded it’s rating to Equal Weight and revised its price target to $83 on the stock. Guggenheim downgraded its rating to a Neutral but stick to its price target of $81 on January 22, 2024. Mizuho downgraded its rating to a Neutral but $83 remained the price target by the analyst firm on January 11, 2024. Ladenburg Thalmann upgraded its rating to Neutral for this stock on September 13, 2023. In a note dated August 23, 2023, Barclays initiated an Overweight rating and provided a target price of $88 on this stock.
American Electric Power Company Inc. [AEP] stock has fluctuated between $69.38 and $96.05 over the past year. Currently, Wall Street analysts expect the stock to reach $103.44 within the next 12 months. American Electric Power Company Inc. [NASDAQ: AEP] shares were valued at $85.21 at the most recent close of the market. An investor can expect a potential return of 21.39% based on the average AEP price forecast.
Analyzing the AEP fundamentals
American Electric Power Company Inc. [NASDAQ:AEP] reported sales of 19.38B for the trailing twelve months, which represents a drop of -5.26%. Gross Profit Margin for this corporation currently stands at 0.59% with Operating Profit Margin at 0.19%, Pretax Profit Margin comes in at 0.12%, and Net Profit Margin reading is 0.12%. To continue investigating profitability, this company’s Return on Assets is posted at 0.02, Equity is 0.09 and Total Capital is 0.04. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 1.73.
Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 84.27 points at the first support level, and at 83.32 for the second support level. However, for the 1st resistance point, the stock is sitting at 85.91, and for the 2nd resistance point, it is at 86.60.
American Electric Power Company Inc. [AEP] reported earnings per share of $1.23 for its fiscal quarter that ended on 12/30/2023. Based on the Wall Street analysts’ estimates, the company was expected to report earnings of $1.26/share, meaning a difference of -$0.03 and a surprise factor of -2.40%. By comparison, the stated earnings for the previous quarter ended on 9/29/2023 were $1.77 per share as compared to estimates of $1.7 per share, a difference of $0.07 representing a surprise of 4.10%.
Ratios To Look Out For
For context, American Electric Power Company Inc.’s Current Ratio is 0.53. In addition, the Quick Ratio stands at 0.36 and the Cash Ratio stands at 0.03. Considering the valuation of this stock, the price to sales ratio is 2.31, the price to book ratio is 1.78 and price to earnings (TTM) ratio is 20.06.
Transactions by insiders
Recent insider trading involved Akins Nicholas K, Executive Chair, that happened on May 02 ’23 when 10491.0 shares were sold. Executive Vice President, Feinberg David Matthew completed a deal on May 02 ’23 to sell 1616.0 shares. Meanwhile, Executive Vice President Beam Christian T sold 513.0 shares on May 02 ’23.
