American Electric Power (AEP) Set to Announce Earnings on Thursday

American Electric Power (NASDAQ:AEP – Get Rating) will issue its quarterly earnings data before the market opens on Thursday, April 28th. Analysts expect the company to announce earnings of $1.23 per share for the quarter. American Electric Power has set its FY 2022 guidance at $4.870-$5.070 EPS and its FY22 guidance at $4.87-5.07 EPS.Parties that are interested in participating in the company’s conference call can do so using this link.

American Electric Power (NASDAQ:AEP – Get Rating) last announced its quarterly earnings data on Thursday, February 24th. The company reported $0.98 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.94 by $0.04. The firm had revenue of $4.10 billion during the quarter, compared to analysts’ expectations of $3.94 billion. American Electric Power had a return on equity of 10.78% and a net margin of 14.80%. The company’s revenue for the quarter was up 13.9% compared to the same quarter last year. During the same period last year, the business posted $0.87 earnings per share. On average, analysts expect American Electric Power to post $5 EPS for the current fiscal year and $5 EPS for the next fiscal year.

Shares of AEP stock opened at $102.83 on Thursday. The stock has a 50 day moving average of $95.84 and a 200 day moving average of $89.58. The company has a current ratio of 0.63, a quick ratio of 0.55 and a debt-to-equity ratio of 1.38. The stock has a market cap of $51.88 billion, a P/E ratio of 20.65, a P/E/G ratio of 3.54 and a beta of 0.35. American Electric Power has a twelve month low of $80.22 and a twelve month high of $104.81.

A number of brokerages have recently issued reports on AEP. Royal Bank of Canada lifted their price target on American Electric Power from $101.00 to $106.00 and gave the stock an “outperform” rating in a research note on Monday, March 7th. StockNews.com began coverage on American Electric Power in a research report on Thursday, March 31st. They issued a “hold” rating on the stock. Wells Fargo & Company upgraded American Electric Power from an “equal weight” rating to an “overweight” rating and lifted their target price for the company from $93.00 to $101.00 in a research report on Monday, February 28th. Mizuho boosted their price objective on American Electric Power from $94.00 to $104.00 and gave the company a “buy” rating in a report on Tuesday, March 29th. Finally, Morgan Stanley upped their price target on American Electric Power from $112.00 to $117.00 and gave the stock an “overweight” rating in a report on Wednesday. Two equities research analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Buy” and an average price target of $103.31.

In other news, CEO Nicholas K. Akins sold 2,100 shares of the firm’s stock in a transaction that occurred on Tuesday, February 1st. The stock was sold at an average price of $89.91, for a total value of $188,811.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, EVP Greg B. Hall sold 1,064 shares of American Electric Power stock in a transaction on Tuesday, February 22nd. The stock was sold at an average price of $85.71, for a total value of $91,195.44. The disclosure for this sale can be found here. Insiders sold a total of 32,562 shares of company stock worth $3,040,061 over the last quarter. Company insiders own 0.12% of the company’s stock.

A number of hedge funds have recently modified their holdings of AEP. Covington Capital Management acquired a new position in shares of American Electric Power in the fourth quarter worth $35,000. Forum Financial Management LP acquired a new position in shares of American Electric Power in the fourth quarter worth $207,000. Zullo Investment Group Inc. acquired a new position in shares of American Electric Power in the fourth quarter worth $219,000. V Wealth Advisors LLC raised its holdings in shares of American Electric Power by 412.8% in the fourth quarter. V Wealth Advisors LLC now owns 2,677 shares of the company’s stock worth $239,000 after acquiring an additional 2,155 shares during the last quarter. Finally, EverSource Wealth Advisors LLC acquired a new position in shares of American Electric Power in the fourth quarter worth $238,000. 74.08% of the stock is owned by hedge funds and other institutional investors.

American Electric Power Company Profile (Get Rating)

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. It operates through Vertically Integrated Utilities, Transmission and Distribution Utilities, AEP Transmission Holdco, and Generation & Marketing segments.

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