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

Editor's Note: TheStreet ratings do not represent the views of TheStreet's staff or its contributors. Ratings are established by computer based on metrics for performance (which includes growth, stock performance, efficiency and valuation) and risk (volatility and solvency). Companies with poor cash flow or high debt levels tend to earn lower ratings in our model.

NEW YORK ( TheStreet) -- American Electric Power (NYSE: AEP) hit a new 52-week high Tuesday as it is currently trading at $49.25, above its previous 52-week high of $49.24 with 204,193 shares traded as of 10:30 a.m. ET. Average volume has been 2.7 million shares over the past 30 days.

American Electric has a market cap of $23.66 billion and is part of the utilities sector and utilities industry. Shares are up 15.3% year to date as of the close of trading on Monday.

American Electric Power Company, Inc., a public utility holding company, engages in the generation, transmission, and distribution of electric power to retail customers. The company generates electricity using coal and lignite, natural gas, nuclear energy, and hydroelectric energy. The company has a P/E ratio of 18.7, above the S&P 500 P/E ratio of 17.7.

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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, revenue growth, good cash flow from operations and reasonable valuation levels. We feel these strengths outweigh the fact that the company has had sub par growth in net income. You can view the full American Electric Ratings Report.

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