American Electric Power Company Inc (NYSE:AEP)
December 7th, 2018
Amidst falling markets American Electric Power Company Inc rose $0.54 Friday which equals a 0.69% increase, closing at $79.32. Furthermore it hit a new 52 week high of $79.77. Be aware that the Altman Z-Score1 (An indicator of the probability for a 2-year bankruptcy) is below the recommended threshold of 1.8%, and calculated to be 1.07.
AEP outperformed the rest of the Utilities sector which went up 0.40% today.
American Electric Power Company Inc is listed on the S&P 500 index, and was one of 50 stocks that increased today. Weighted by market cap, AEP represents about 0.14% of the S&P 500.
Analysis results from 18 analysts suggest that American Electric Power Company Inc could fall somewhat (-0.89%), while Finbox has calculated (with medium uncertainty) a fair value price of $61.87.
The market sectors were mixed Friday with a majority of the sectors trending down. Utilities saw the biggest increase of the day (0.40%), while Information Technology saw the biggest drop (3.53%). Healthcare has seen the biggest year-to-date gain at 12%. The biggest loss this year has been the Materials sector falling 12%.
Utilities saw the biggest turnaround from its 5-day performance of 2.33%, as it went up 0.40%. Real Estate saw a turn around from its 5-day performance of 2.84% trading down 1.44%.
- Utilities went up with a 0.40% change.
- Energy went down with a -0.65% change.
- Consumer Staples went down with a -1.29% change.
- Real Estate went down with a -1.44% change.
- Financials went down with a -1.84% change.
- Communication Services went down with a -2.09% change.
- Healthcare went down with a -2.52% change.
- Materials went down with a -2.53% change.
- Industrials went down with a -2.62% change.
- Consumer Discretionary went down with a -3.08% change.
- Information Technology went down with a -3.53% change.
American Electric Power is based in Columbus, United States of America. American Electric Power was founded in 1906.
American Electric Power Company Inc Info
American Electric Power Company, Inc., an electric public utility holding company, engages in the generation, transmission, and distribution of electricity for sale to retail and wholesale customers in the United States. The company generates electricity using coal and lignite, natural gas, nuclear, hydroelectric, solar, wind, and other energy sources. It also supplies and markets electric power at wholesale to other electric utility companies, rural electric cooperatives, municipalities, and other market participants. The company owns, leases, or controls approximately 3,675 railcars, 468 barges, 11 towboats, and a coal handling terminal with approximately 18 million tons of annual capacity. American Electric Power Company, Inc. was founded in 1906 and is headquartered in Columbus, Ohio.
All amounts in USD unless otherwise indicated
(1) The Altman Z-Score calculation was first published in 1968 by Edward I. Altman, and is used for predicting the probability that a firm will go into bankruptcy within two years. An Altman Z-Score below 1.8 (Remember that American Electric Power Company Inc’s score is 1.07) is the trigger to be alert for this situation. Some analysts believe this score is less relevant for some companies, in particular companies operating to accumulate users that may run at huge losses to scale up.
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