American Electric Power Company (AEP) Monthly Report
Publication Date: September 22, 2024
Company Overview
American Electric Power Company (AEP) is a prominent utility holding company headquartered in Columbus, Ohio, specializing in the generation, transmission, and distribution of electricity across the United States. Established in 1906, AEP operates through various segments, including Vertically Integrated Utilities and Transmission and Distribution Utilities. The company sources its electricity from a mix of coal, natural gas, nuclear, renewable energy, and hydroelectric power, thus playing a vital role in the regulated electric utilities industry. With roughly $19.52 billion in total revenue, AEP demonstrates solid financial performance and serves a diverse customer base, encompassing both retail and wholesale clients.
Stock Performance and Analysis
Currently priced at $102.15, AEP’s stock is situated just below its fifty-two week high of $105.18, indicating strong upward momentum. The fifty-day moving average of $98.63 corroborates this bullish trend, illustrating positive sentiment among investors. The total number of shares outstanding stands at 532,120,000, with a minimal short float percentage of approximately 1.47%, indicating widespread confidence in the company’s stability. Analysts have set a target high price of $111.00 and a target mean price at $100.24, suggesting potential for moderate growth in the upcoming period. The recommendation among 16 analysts remains a “hold,” reflecting a cautious approach in light of current market conditions.
Future Outlook
The stock’s trajectory suggests continued investor interest, especially considering its recovery from a fifty-two week low of $69.38. With the absence of available EBITDA limiting insights into operational profitability, stakeholders may need to monitor additional financial metrics to gain a comprehensive evaluation of AEP’s performance. As the market evolves, AEP’s ability to balance its diverse energy portfolio against regulatory changes and economic dynamics will be critical in maintaining investor confidence and achieving the anticipated price targets.
| Metric | Value |
|---|---|
| Market Cap | $54.4b |
| Total Debt | $44.3b |
| Total Cash | $428.2m |
| Shares Outstanding | 532.1m |
| Float Shares | 531.2m |
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