American Electric Power Company, Inc. (NYSE:AEP) share price jumped at US$ 63.81 before falling back to end the trade at US$ 63.78 a share. The dividend stock is -8.98% off a 52-week high stock price of US$ 71.32 but is up 10.17% since hitting the US$ 57.89. Investors are buying the stock with a trailing-twelve-month price-to-earnings (P/E) ratio of 70.63.
After a 1.09% rise from previous close of US$ 63.09, American Electric Power Company, Inc. (AEP) has a US$ 31.36 Billion market cap. The company pays a US$ 0.59-cent-per-share quarterly dividend, giving it a 3.7% yield. That brings its full year payout to US$ 2.36 and 155.5% annual payout ratio based on EPS.
The AEP has soared 1.3% year-to-date. The equity has gained steam in recent weeks, with shares up about 1.58% in the past three months. It added 1.82%, climbed 1.63% and jumped -5.16% in the week, one month and six months, respectively. Revenue growth rate was recorded at 2.7% and net income per share was seen moving at a 7.3% rate in the past five years.
American Electric Power Company, Inc. (NYSE:AEP) is over 3% above analysts’ consensus price target of US$ 67.08. The stock has yet to strike analysts’ low price target of US$ 64, and is still below the high US$ 71 target. On a price appreciation basis over the past 12 months, the stock returned 4.36%.
The most recent short interest data show 1.08% of the company’s stock are short sold. It would take about 2.03 days to cover all short positions. In terms of volatility, it has a beta coefficient of 0.24 and technical analysis volatility indicator called Average True Range or ATR around 0.75.
American Electric Power Company, Inc. (NYSE:AEP) closed -0.13% below its 200-day moving average which many technicians use as a guide to the long-term trend, so stocks above the line are considered to be in longer-term uptrends, while those below it are considered to be in downtrends. The stock is 3.04% above another chart threshold, its 50-day moving average and 1.22% above its 20-day simple moving average.
Top Dividend Stock Pick: American Electric Power Company, Inc. (AEP)
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