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Take A Look At This American Electric Power Company Inc. (NASDAQ: AEP) Analysis Before Investing

American Electric Power Company Inc. (NASDAQ:AEP) price is hovering higher on Tuesday, February 13, jumping 1.07% above its previous close.

A look at today’s price movement shows that the recent level at last check reads $77.59. The company’s 5Y monthly beta was ticking 0.49 while its P/E ratio in the trailing 12-month period read 18.02. Taking into account the 52-week price action we note that the stock hit a 52-week high of $96.05 and 52-week low of $69.38. The stock subtracted -3.77% on its value in the past month.

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American Electric Power Company Inc., which has a market valuation of $41.24 billion, is expected to release its quarterly earnings report Feb 27, 2024. The company stock has a Forward Dividend ratio of 3.42, while the dividend yield is 4.36%. It is understandable that investor optimism is growing ahead of the company’s current quarter results. Analysts tracking AEP have forecast the quarterly EPS to grow by 1.26 per share this quarter, while the same analysts predict the annual EPS to hit $5.27 for the year 2024 and up to $5.6 for 2024. In this case, analysts estimate an annual EPS growth of 3.50% for the year and 6.30% for the next year.

On average, analysts have forecast the company’s revenue for the quarter will hit $5.12 billion, with the likely lows of $4.9 billion and highs of $5.3 billion. The average estimate suggests sales growth for the quarter will likely rise by 4.80% when compared to those recorded in the same quarter in the last financial year. Staying with the analyst view, there is a consensus estimate of $19.8 billion for the company’s annual revenue in 2023. Per this projection, the revenue is forecast to grow 0.80% above that which the company brought in 2023.

Revisions to the company’s EPS highlights a short term direction of a stock’s price movement, which in the last 7 days came up with — upward and — downward reviews. On the technical perspective front, indicators give AEP a short term outlook of 50% Sell on average. Looking at the stock’s medium term indicators we note that it is averaging as a Hold, while an average of long term indicators are currently assigning the stock as 50% Sell.

If we dive deeper into the stock’s performance we see the positive picture represented by the PEG ratio, currently standing at 4.29. The overview shows that AEP’s price is at present 0.56% off the SMA20 and -2.09% from the SMA50. The Relative Strength Index (RSI) metric on the 14-day timeframe is pointing at 49.27, with weekly volatility standing at 1.49%. The indicator jumps to 1.85% when calculated based on the past 30 days. American Electric Power Company Inc. (NASDAQ:AEP)’s beta value is holding at 0.49, while the average true range (ATR) indicator is currently reading 1.55.

Turning out attention to how the American Electric Power Company Inc. stock has performed in comparison to its peers in the industry, here’s what we find: AEP’s stock is 1.07% on the day and -13.40% in the past 12 months. Turning out attention to how the American Electric Power Company Inc. stock has performed in comparison to its peers in the industry, here’s what we find: AEP’s stock is 1.07% on the day and -13.40% in the past 12 months. As for American Electric Power Company Inc., the P/E ratio stands at 18.02 higher than that of NextEra Energy Inc.’s at 15.41 and Duke Energy Corp.’s 25.73.

An analysis of the American Electric Power Company Inc. (NASDAQ:AEP) stock in terms of its daily trading volume indicates that the 3-month average is 2.33. However, this figure increases on the past 10-day timeline to an average of 2.95 million.

Current records show that the company has 525.88M in outstanding shares. The insiders’ percentage holdings are 0.07% of outstanding shares while the percentage share held by institutions stands at 75.83%. The stats also highlight that short interest as of Jan 31, 2024, stood at 7.86 million shares, which puts the short ratio at the time at 2.16. From this we can glean that short interest is 1.49% of company’s current outstanding shares. Notably, we see that shares short in January fall slightly given the previous month’s figure stood at 8.73 million. But the -3.45% downside, the stock’s price has registered year-to-date as of today’s value, will likely reignite investor interest given the prospect of it rallying even higher.