American Electric Power Company, Inc. (NASDAQ:AEP) – Investment analysts Seaport Res Ptn raised their earnings per share (EPS) estimates for fiscal 2022 for American Electric Power in a research note released Thursday, 13 January. Seaport Res Ptn analyst A. Storozynski now expects the company to post earnings of $5.00 per share for the year, up from its previous forecast of $4.99.
A number of other equity research analysts have also recently commented on the AEP. Mizuho cut his price target on American Electric Power shares from $91.00 to $86.00 and set a “buy” rating for the company in a Wednesday, Oct. 27 research report. Morgan Stanley raised its price target on American Electric Power shares from $105.00 to $111.00 and gave the company an “overweight” rating in a Tuesday, Dec. 21 report. One analyst has assigned the stock a sell rating, one has issued a hold rating and six have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus buy rating and a consensus price target of $93.98.
Shares of NASDAQ AEP opened at $90.86 on Friday. The company has a 50-day simple moving average of $85.54 and a 200-day simple moving average of $86.06. The stock has a market cap of $45.76 billion, a price-to-earnings ratio of 18.97, a growth price-to-earnings ratio of 3.21 and a beta of 0.37. The company has a quick ratio of 0.48, a current ratio of 0.58 and a debt ratio of 1.42. American Electric Power has a 52 week low of $74.80 and a 52 week high of $91.58. American Electric Power Inc (NASDAQ:AEP) last released its results on Wednesday, October 27. The company reported EPS of $1.43 for the quarter, missing Zacks’ consensus estimate of $1.46 per ($0.03). The company posted revenue of $4.60 billion in the quarter, versus analyst estimates of $4.30 billion. American Electric Power had a net margin of 14.61% and a return on equity of 10.72%. American Electric Power’s quarterly revenue increased 12.2% year over year. In the same quarter last year, the company earned earnings per share of $1.47.
A number of large investors have recently shifted their AEP holdings. Future Financial Wealth Management LLC acquired a new stake in American Electric Power in the fourth quarter valued at around $39,000. Eubel Brady & Suttman Asset Management Inc. acquired a new stake in American Electric Power in the second quarter valued at approximately $40,000. Consolidated Planning Corp acquired a new stake in American Electric Power in the third quarter valued at around $42,000. Larson Financial Group LLC increased its stake in American Electric Power by 573.3% in the second quarter. Larson Financial Group LLC now owns 579 shares of the company valued at $49,000 after acquiring 493 additional shares in the last quarter. Finally, Atlantic Trust LLC acquired a new stake in American Electric Power in the second quarter valued at approximately $50,000. 72.92% of the shares are currently held by hedge funds and other institutional investors.
In other news, CEO Nicholas K. Akins sold 2,100 shares of the company in a transaction that took place on Wednesday, December 1. The shares were sold at an average price of $81.50, for a total value of $171,150.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, available at this hyperlink. In the past three months, insiders have sold 6,300 shares of the company valued at $535,017. Insiders hold 0.14% of the company’s shares.
The company also recently disclosed a quarterly dividend, which was paid on Friday, December 10. Shareholders of record on Wednesday, November 10 received a dividend of $0.78. This is a positive change from American Electric Power’s previous quarterly dividend of $0.74. The ex-dividend date was Tuesday, November 9. This represents an annualized dividend of $3.12 and a dividend yield of 3.43%. American Electric Power’s dividend payout ratio (DPR) is currently 65.14%.
American Electric Power Company Profile
American Electric Power Co, Inc is engaged in the generation, transmission and distribution of electricity. It operates through the following segments: Vertically Integrated Utilities, Transmission and Distribution Utilities, AEP Transmission Holdco and Generation and Marketing. The Vertically Integrated Utilities segment is engaged in the generation, transmission and distribution of electricity for sale to retail and wholesale customers through assets owned and operated by its subsidiaries.
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