American Electric Power Company with ticker code (AEP) now have 12 market analysts covering the stock. The analyst consensus now points to a rating of ‘Buy’. The target price High/Low ranges between 113 and 88 with the average target price sitting at $102.58. Now with the previous closing price of $93.97 this would imply there is now a potential upside of 9.2%. Also worth taking note is the 50 day moving average now sits at $90.63 and the 200 day moving average is $93.83. The company has a market capitalization of $47,583m. Company Website: https://www.aep.com
The potential market cap would be $51,942m based on the market consensus.
American Electric Power Company, Inc., an electric public utility holding company, engages in the generation, transmission, and distribution of electricity for sale to retail and wholesale customers in the United States. It operates through Vertically Integrated Utilities, Transmission and Distribution Utilities, AEP Transmission Holdco, and Generation & Marketing segments. The company generates electricity using coal and lignite, natural gas, renewable, nuclear, hydro, solar, wind, and other energy sources. It also supplies and markets electric power at wholesale to other electric utility companies, rural electric cooperatives, municipalities, and other market participants. The company was incorporated in 1906 and is headquartered in Columbus, Ohio.
The company has a dividend yield of 3.59% with the ex dividend date set at 9-2-2023 (DMY).
Other points of data to note are a P/E ratio of 20.6, revenue per share of 38.37 and a 2.74% return on assets.
