Honda Partners With Hitachi On Electric Car Venture

Honda Motor Co. (HMC) plans to partner with Hitachi Automotive Systems Ltd., a wholly owned subsidiary of Hitachi Ltd. (HTHIY), in a joint venture to develop, produce and sell motors for electric vehicles. The joint venture, which has yet to be named, will be 51 percent owned by Hitachi, while Honda will control the remaining […]
Corporate News – The Cerbat Gem

Honda Partners With Hitachi On Electric Car Venture

Top Dividend Stock Pick: American Electric Power Company, Inc. (AEP)

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)

General Electric Makes Huge Bid For Baker Hughes

General Electric’s (NYSE:GE) bid to pay $ 7.4 billion in cash to combine its sector assets with Baker Hughes (NYSE:BHI) may be its biggest-ever deal in the oil and gas industry. GE will pay Baker Hughes a special dividend of $ 17.50 a share for a stake of 62.5 percent in the new company and contribute its […]
Mergers & Acquisitions – The Cerbat Gem

General Electric Makes Huge Bid For Baker Hughes