Wall Street analysts expect that American Electric Power Company Inc (NYSE:AEP) will announce earnings of $1.44 per share for the current fiscal quarter, according to Zacks. Two analysts have provided estimates for American Electric Power’s earnings. The lowest EPS estimate is $1.36 and the highest is $1.53. American Electric Power posted earnings per share of $1.46 during the same quarter last year, which would indicate a negative year over year growth rate of 1.4%. The business is scheduled to report its next earnings results before the market opens on Thursday, October 22nd.
According to Zacks, analysts expect that American Electric Power will report full-year earnings of $4.32 per share for the current financial year, with EPS estimates ranging from $4.27 to $4.37. For the next financial year, analysts expect that the firm will post earnings of $4.64 per share, with EPS estimates ranging from $4.51 to $4.70. Zacks’ EPS calculations are a mean average based on a survey of sell-side research analysts that that provide coverage for American Electric Power.
American Electric Power (NYSE:AEP) last released its quarterly earnings results on Thursday, August 6th. The utilities provider reported $1.08 EPS for the quarter, beating the consensus estimate of $1.05 by $0.03. The business had revenue of $3.50 billion for the quarter, compared to analyst estimates of $3.95 billion. American Electric Power had a net margin of 12.56% and a return on equity of 10.24%. The company’s quarterly revenue was down 2.8% on a year-over-year basis. During the same period in the prior year, the business earned $1.00 earnings per share.
A number of brokerages recently issued reports on AEP. Morgan Stanley decreased their target price on shares of American Electric Power from $100.00 to $98.00 and set an “overweight” rating on the stock in a research report on Friday, September 18th. KeyCorp raised their target price on shares of American Electric Power from $93.00 to $96.00 and gave the stock an “overweight” rating in a research report on Tuesday, July 21st. UBS Group raised their target price on shares of American Electric Power from $90.00 to $98.00 and gave the stock a “buy” rating in a research report on Friday, June 5th. Finally, TheStreet upgraded shares of American Electric Power from a “c+” rating to a “b-” rating in a research report on Tuesday, July 21st. Two equities research analysts have rated the stock with a sell rating, four have assigned a hold rating and thirteen have given a buy rating to the company. American Electric Power has a consensus rating of “Buy” and an average price target of $96.06.
Hedge funds have recently modified their holdings of the company. Capital Advisory Group Advisory Services LLC purchased a new position in shares of American Electric Power in the 1st quarter valued at $28,000. CVA Family Office LLC purchased a new position in shares of American Electric Power in the 1st quarter valued at $28,000. Creative Financial Designs Inc. ADV raised its stake in shares of American Electric Power by 278.0% in the 2nd quarter. Creative Financial Designs Inc. ADV now owns 378 shares of the utilities provider’s stock valued at $30,000 after acquiring an additional 278 shares during the period. Rockbridge Investment Management LCC purchased a new position in shares of American Electric Power in the 2nd quarter valued at $31,000. Finally, Weaver Consulting Group raised its stake in shares of American Electric Power by 75.6% in the 2nd quarter. Weaver Consulting Group now owns 418 shares of the utilities provider’s stock valued at $33,000 after acquiring an additional 180 shares during the period. 73.16% of the stock is currently owned by institutional investors and hedge funds.
Shares of AEP stock traded up $2.24 during trading hours on Monday, hitting $85.30. The company’s stock had a trading volume of 3,919,298 shares, compared to its average volume of 3,228,837. The business has a fifty day moving average of $80.03 and a 200-day moving average of $81.82. The stock has a market cap of $42.32 billion, a price-to-earnings ratio of 22.16, a P/E/G ratio of 3.39 and a beta of 0.30. American Electric Power has a twelve month low of $65.14 and a twelve month high of $104.97. The company has a current ratio of 0.42, a quick ratio of 0.30 and a debt-to-equity ratio of 1.31.
The business also recently declared a quarterly dividend, which was paid on Thursday, September 10th. Shareholders of record on Monday, August 10th were paid a dividend of $0.70 per share. This represents a $2.80 dividend on an annualized basis and a yield of 3.28%. The ex-dividend date was Friday, August 7th. American Electric Power’s dividend payout ratio is currently 66.04%.
American Electric Power Company Profile
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.
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