American Electric Power Company Inc. [NASDAQ: AEP] plunged by -$3.13 during the normal trading session on Wednesday and reaching a high of $84.87 during the day while it closed the day at $81.74. The company report on October 10, 2022 that AEP SEEKS BIDS FOR NATURAL GAS STORAGE SERVICE.
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American Electric Power (Nasdaq: AEP), on behalf of its subsidiary Public Service Company of Oklahoma, today issued a request for proposal (RFP) for firm physical natural gas storage service.
Proposals for natural gas storage service are sought for a two-year term, beginning April 1, 2023 and ending March 31, 2025. The proposed natural gas storage facility must have a standard receipt point on the Enable Oklahoma Intrastate Transmission pipeline system.
American Electric Power Company Inc. stock has also loss -6.80% of its value over the past 7 days. However, AEP stock has declined by -13.29% in the 3 months of the year. Over the past six months meanwhile, it has lost -20.11% and lost -8.13% year-on date.
The market cap for AEP stock reached $42.76 billion, with 513.62 million shares outstanding and 513.57 million shares in the current float. Compared to the average trading volume of 2.73M shares, AEP reached a trading volume of 2552207 in the most recent trading day, which is why market watchdogs consider the stock to be active.
Here’s what leading stock market gurus have to say about American Electric Power Company Inc. [AEP]:
Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for AEP shares is $106.19 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on AEP stock is a recommendation set at 2.20. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.
Credit Suisse have made an estimate for American Electric Power Company Inc. shares, keeping their opinion on the stock as Outperform, with their previous recommendation back on April 26, 2022. The new note on the price target was released on March 14, 2022, representing the official price target for American Electric Power Company Inc. stock. Previously, the target price had yet another raise from $93 to $101, while Wells Fargo kept a Overweight rating on AEP stock.
The Average True Range (ATR) for American Electric Power Company Inc. is set at 2.65, with the Price to Sales ratio for AEP stock in the period of the last 12 months amounting to 2.39. The Price to Book ratio for the last quarter was 1.74, with the Price to Cash per share for the same quarter was set at 1.47. Price to Free Cash Flow for AEP in the course of the last twelve months was 10.43 with Quick ratio for the last quarter at 0.70.
AEP stock trade performance evaluation
American Electric Power Company Inc. [AEP] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -6.80. With this latest performance, AEP shares dropped by -20.02% in over the last four-week period, additionally sinking by -20.11% over the last 6 months – not to mention a drop of -0.98% in the past year of trading.
Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for AEP stock in for the last two-week period is set at 27.51, with the RSI for the last a single of trading hit 25.31, and the three-weeks RSI is set at 30.20 for American Electric Power Company Inc. [AEP]. The present Moving Average for the last 50 days of trading for this stock 98.31, while it was recorded at 83.71 for the last single week of trading, and 95.88 for the last 200 days.
American Electric Power Company Inc. [AEP]: An insightful look at the core fundamentals
Operating Margin for any stock indicates how profitable investing would be, and American Electric Power Company Inc. [AEP] shares currently have an operating margin of +19.63 and a Gross Margin at +28.09. American Electric Power Company Inc.’s Net Margin is presently recorded at +14.97.
Return on Equity for this stock inclined to 11.58, with Return on Assets sitting at 2.84.
American Electric Power Company Inc.’s liquidity data is similarly interesting compelling, with a Quick Ratio of 0.70 and a Current Ratio set at 0.80.
Earnings per share (EPS) analysis for American Electric Power Company Inc. [AEP] stock
The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for AEP. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for American Electric Power Company Inc. go to 6.16%.
American Electric Power Company Inc. [AEP]: Insider Ownership positions
There are presently around $31,386 million, or 75.60% of AEP stock, in the hands of institutional investors. The top three institutional holders of AEP stocks are: VANGUARD GROUP INC with ownership of 46,828,465, which is approximately 3.198% of the company’s market cap and around 0.10% of the total institutional ownership; BLACKROCK INC., holding 42,350,808 shares of the stock with an approximate value of $3.46 billion in AEP stocks shares; and STATE STREET CORP, currently with $2.38 billion in AEP stock with ownership of nearly 4.78% of the company’s market capitalization.
Positions in American Electric Power Company Inc. stocks held by institutional investors increased at the end of October and at the time of the October reporting period, where 660 institutional holders increased their position in American Electric Power Company Inc. [NASDAQ:AEP] by around 26,133,065 shares. Additionally, 529 investors decreased positions by around 20,521,508 shares, while 286 investors held positions by with 337,323,028 shares. The mentioned changes placed institutional holdings at 383,977,601 shares, according to the latest SEC report filing. AEP stock had 114 new institutional investments in for a total of 2,297,073 shares, while 110 institutional investors sold positions of 1,417,559 shares during the same period.