FY2022 EPS Estimates for American Electric Power Company, Inc. (NASDAQ:AEP) Lifted by Seaport Res Ptn

American Electric Power Company, Inc. (NASDAQ:AEP) – Seaport Res Ptn lifted their FY2022 earnings estimates for American Electric Power in a research note issued on Thursday, January 13th. Seaport Res Ptn analyst A. Storozynski now expects that the company will earn $5.00 per share for the year, up from their previous forecast of $4.99.

Several other analysts have also recently commented on the stock. Mizuho lowered their target price on shares of American Electric Power from $91.00 to $86.00 and set a “buy” rating for the company in a research note on Wednesday, October 27th. Morgan Stanley boosted their price objective on shares of American Electric Power from $105.00 to $111.00 and gave the company an “overweight” rating in a research report on Tuesday, December 21st. One equities research analyst has rated the stock with a hold rating and six have given a buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Buy” and a consensus target price of $95.81.

AEP stock opened at $90.98 on Friday. The firm has a 50 day moving average of $85.66 and a 200-day moving average of $86.10. American Electric Power has a 12-month low of $74.80 and a 12-month high of $91.58. The company has a current ratio of 0.58, a quick ratio of 0.48 and a debt-to-equity ratio of 1.42. The company has a market cap of $45.82 billion, a price-to-earnings ratio of 18.99, a PEG ratio of 3.21 and a beta of 0.37.

American Electric Power (NASDAQ:AEP) last posted its quarterly earnings results on Wednesday, October 27th. The company reported $1.43 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $1.46 by ($0.03). American Electric Power had a net margin of 14.61% and a return on equity of 10.72%. The company had revenue of $4.60 billion for the quarter, compared to analyst estimates of $4.30 billion. During the same quarter in the previous year, the business posted $1.47 earnings per share. American Electric Power’s revenue was up 12.2% on a year-over-year basis.

The business also recently declared a quarterly dividend, which was paid on Friday, December 10th. Stockholders of record on Wednesday, November 10th were paid a $0.78 dividend. This is a positive change from American Electric Power’s previous quarterly dividend of $0.74. This represents a $3.12 dividend on an annualized basis and a dividend yield of 3.43%. The ex-dividend date of this dividend was Tuesday, November 9th. American Electric Power’s dividend payout ratio is currently 65.14%.

In other news, CEO Nicholas K. Akins sold 2,100 shares of the company’s stock in a transaction that occurred on Wednesday, December 1st. The shares were sold at an average price of $81.50, for a total value of $171,150.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Over the last ninety days, insiders sold 6,300 shares of company stock valued at $535,017. Company insiders own 0.14% of the company’s stock.

A number of hedge funds have recently added to or reduced their stakes in the stock. Vanguard Group Inc. lifted its stake in American Electric Power by 0.9% during the second quarter. Vanguard Group Inc. now owns 41,511,648 shares of the company’s stock valued at $3,511,470,000 after purchasing an additional 390,025 shares during the last quarter. BlackRock Inc. lifted its position in shares of American Electric Power by 4.1% in the 3rd quarter. BlackRock Inc. now owns 39,550,514 shares of the company’s stock valued at $3,210,708,000 after acquiring an additional 1,569,233 shares in the last quarter. State Street Corp lifted its position in shares of American Electric Power by 0.6% in the 2nd quarter. State Street Corp now owns 24,396,878 shares of the company’s stock valued at $2,063,732,000 after acquiring an additional 134,827 shares in the last quarter. Wellington Management Group LLP lifted its position in shares of American Electric Power by 10.2% in the 3rd quarter. Wellington Management Group LLP now owns 15,398,310 shares of the company’s stock valued at $1,250,036,000 after acquiring an additional 1,430,681 shares in the last quarter. Finally, Franklin Resources Inc. lifted its position in shares of American Electric Power by 2.3% in the 3rd quarter. Franklin Resources Inc. now owns 13,347,345 shares of the company’s stock valued at $1,083,540,000 after acquiring an additional 303,065 shares in the last quarter. 72.92% of the stock is owned by institutional investors and hedge funds.

About American Electric Power

American Electric Power Co, Inc engages in the business of generation, transmission and distribution of electricity. It operates through the following segments: Vertically Integrated Utilities, Transmission & Distribution Utilities, AEP Transmission Holdco and Generation & Marketing. The Vertically Integrated Utilities segment engages 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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Earnings History and Estimates for American Electric Power (NASDAQ:AEP)

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