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 18, 2024, AEP stock price declined to $80.98 with 106,626 million shares trading.

AEP has a beta of 0.44, meaning it tends to be less sensitive to market movements. AEP has a correlation of 0.06 to the broad based SPY ETF.

AEP has a market cap of $42.59 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 has underperformed the market in the last year with a price return of -9.5% while the SPY ETF gained +22.7%. AEP has also underperformed the stock market ETF in the last 3 month and 2 week periods returning +2.7% and -4.0%, respectively, while the SPY returned +6.4% and -3.5%, respectively.

AEP support price is $80.19 and resistance is $82.29 (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.