American Electric Stock Hits New 52-Week High (AEP)

NEW YORK ( TheStreet) -- American Electric Power (NYSE: AEP) hit a new 52-week high Monday as it is currently trading at $42.59, above its previous 52-week high of $42.50 with 249,124 shares traded as of 10:20 a.m. ET. Average volume has been 3.1 million shares over the past 30 days.

American Electric has a market cap of $20.32 billion and is part of the utilities sector and utilities industry. Shares are up 2.7% year to date as of the close of trading on Friday.

American Electric Power Company, Inc., a public utility holding company, engages in the generation, transmission, and distribution of electric power to retail customers. It generates electricity using coal and lignite, natural gas, nuclear energy, and hydroelectric energy. The company has a P/E ratio of 12.8, above the average utilities industry P/E ratio of 10.3 and below the S&P 500 P/E ratio of 17.7.

TheStreet Ratings rates American Electric as a buy. The company's strengths can be seen in multiple areas, such as its solid stock price performance, increase in net income, notable return on equity and growth in earnings per share. We feel these strengths outweigh the fact that the company has had generally poor debt management on most measures that we evaluated. You can view the full American Electric Ratings Report.

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