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Saturday, September 30, 2023

When Will American Electric Power Company Inc. (AEP) Slow Down

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American Electric Power Company Inc. (AEP) shares are trading at lower $83.39 and the avg recommendation for the stock is Moderate Buy, while the current analyst price target stands at $97.24.

To add more color to this target, the company’s high over the last year is $104.97 and the low is $65.14. Over the last 52 weeks, AEP is down -9.81% while the S&P 500 is up 18.53%. The catalyst for this interesting swing was the company’s recent earnings report.

A Notable Earnings Report

In the last quarter, AEP reported a profit of $943.2 million. American Electric Power Company Inc. also saw revenues increase to $4.07 billion. In addition, AEP has free cash flow of -$1.77 billion as of 09-2020. The company’s EBITDA came in at $1.61 billion which compares well with its peers.

AEP booked profit margins of 12.90%, its Return on Equity (ROE) is 9.60%, and its Return on Assets is 2.50%. All told, it is clear that, AEP needs to be on your watchlist.

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Of course, we must look beyond the financials and question how well those numbers represent the sustainable earnings power of the business. Investors need to know how sustainable this current run. AEP has a short ratio of 2.67 and outstanding shares of 496.18M.

Company Outlook

AEP has seen increased volume after this news and investors are putting their support behind the value proposition. Furthermore, 10-day volume stands at 2.58 million and more growth is possible in the weeks ahead. Traders will also note the company’s earnings per share came in at 3.86. American Electric Power Company Inc. AEP also noted assets of $77.81 billion at the end of the last quarter. Investors should also keep an eye on sector updates as AEP has historically followed its peers on positive news.

All told, American Electric Power Company Inc. AEP has strung together solid data and demonstrated underlying fundamentals. At its current valuation, AEP represents an interesting risk/reward case. Traders should stay tuned to see if this recent report will push the stock to test recent resistance levels.

American Electric Power Company Inc. AEP is now commanding a market cap of 42.06B and a float of 495.87M. AEP is increasing its credibility in this sector and that could lead to more upside down the line. Sign-up for continuing coverage on shares of AEP stock, as well as other hot stock picks, get our free newsletter today and get our next breakout pick!

Disclosure: we hold no position in AEP, either long or short, and we have not been compensated for this article.

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