AEP Stock Summary and Trading Ideas (American Electric Power Company | NASDAQ:AEP)

American Electric Power is one of the largest regulated utilities in the United States, providing electricity generation, transmission, and distribution to more than 5 million customers in 11 states. About 42% of AEP's of capacity is coal, with the remainder from a mix of natural gas (27%), renewable energy and hydro (21%), nuclear (8%), and demand response (2%). Vertically integrated utilities, transmission and distribution, and generation and marketing support earnings.

American Electric Power Company trades on the NASDAQ stock market under the symbol AEP.

As of April 19, 2024, AEP stock price climbed to $84.20 with 5,215,505 million shares trading.

AEP has a beta of 0.34, meaning it tends to be less sensitive to market movements. AEP has a correlation of 0.04 to the broad based SPY ETF.

AEP has a market cap of $44.28 billion. This is considered a Large Cap stock.

Last quarter American Electric Power Company reported $5 billion in Revenue and $1.23 earnings per share. This fell short of revenue expectation by $-520 million and missed earnings estimates by -$.03.

In the last 3 years, AEP stock traded as high as $105.60 and as low as $69.38.

The top ETF exchange traded funds that AEP belongs to (by Net Assets): VTI, VOO, QQQ, XLU, SPY.

AEP stock has underperformed the market in the last year with a return of -6.3%, while SPY returned +21.2%. This shows that you would have done better investing in the overall market (through SPY) over the last year than in AEP shares. However, AEP has outperformed the market in the last 3 month and 2 week periods, returning +9.5% and +0.3%, while SPY returned +3.0% and -4.5%, respectively. This indicates AEP has been having a stronger performance recently.

AEP support price is $81.48 and resistance is $83.64 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that AEP stock will trade within this expected range on the day.