Today American Electric Power (AEP) Hits New Lifetime High

Trade-Ideas LLC identified American Electric Power (AEP) as a new lifetime high candidate
By TheStreet Wire ,

Trade-Ideas LLC identified

American Electric Power

(

AEP

) as a new lifetime high candidate. In addition to specific proprietary factors, Trade-Ideas identified American Electric Power as such a stock due to the following factors:

  • AEP has an average dollar-volume (as measured by average daily share volume multiplied by share price) of $173.7 million.
  • AEP has traded 39,672 shares today.
  • AEP is trading at a new lifetime high.

EXCLUSIVE OFFER: Get the inside scoop on opportunities in AEP with the Ticky from Trade-Ideas. See the FREE profile for AEP NOW at Trade-Ideas

More details on AEP:

American Electric Power Company, Inc., a public utility holding company, engages in the generation, transmission, and distribution of electricity for sale to retail and wholesale customers. The stock currently has a dividend yield of 3.3%. AEP has a PE ratio of 21. Currently there are 8 analysts that rate American Electric Power a buy, no analysts rate it a sell, and 3 rate it a hold.

The average volume for American Electric Power has been 2.6 million shares per day over the past 30 days. American Electric has a market cap of $33.7 billion and is part of the utilities sector and utilities industry. The stock has a beta of 0.32 and a short float of 1.1% with 2.27 days to cover. Shares are up 17.9% year-to-date as of the close of trading on Wednesday.

EXCLUSIVE OFFER: See inside Jim Cramer's multi-million dollar charitable trust portfolio to see the stocks he thinks could be potential winners. Click here to see his holdings for 14-days FREE.

TheStreetRatings.com

Analysis:

TheStreet Quant Ratings

rates American Electric Power as a

buy

. The company's strengths can be seen in multiple areas, such as its solid stock price performance and reasonable valuation levels. We feel its strengths outweigh the fact that the company has had sub par growth in net income.

Highlights from the ratings report include:

  • Looking at where the stock is today compared to one year ago, we find that it is not only higher, but it has also clearly outperformed the rise in the S&P 500 over the same period, despite the company's weak earnings results. Turning our attention to the future direction of the stock, it goes without saying that even the best stocks can fall in an overall down market. However, in any other environment, this stock still has good upside potential despite the fact that it has already risen in the past year.
  • AMERICAN ELECTRIC POWER CO's earnings per share declined by 19.7% in the most recent quarter compared to the same quarter a year ago. This company has reported somewhat volatile earnings recently. But, we feel it is poised for EPS growth in the coming year. During the past fiscal year, AMERICAN ELECTRIC POWER CO increased its bottom line by earning $3.60 versus $3.24 in the prior year. This year, the market expects an improvement in earnings ($3.69 versus $3.60).
  • AEP, with its decline in revenue, slightly underperformed the industry average of 7.6%. Since the same quarter one year prior, revenues fell by 11.7%. Weakness in the company's revenue seems to have hurt the bottom line, decreasing earnings per share.
  • The company's current return on equity has slightly decreased from the same quarter one year prior. This implies a minor weakness in the organization. Compared to other companies in the Electric Utilities industry and the overall market on the basis of return on equity, AMERICAN ELECTRIC POWER CO has outperformed in comparison with the industry average, but has underperformed when compared to that of the S&P 500.

EXCLUSIVE OFFER: See inside Jim Cramer's multi-million dollar charitable trust portfolio to see the stocks he thinks could be potential winners. Click here to see his holdings for 14-days FREE.

Loading ...