$1.13 EPS Expected for American Electric Power Company, Inc. (NASDAQ:AEP) This Quarter

Wall Street analysts expect American Electric Power Company, Inc. (NASDAQ:AEPGet Rating) to report $1.13 earnings per share (EPS) for the current quarter, according to Zacks. Three analysts have issued estimates for American Electric Power’s earnings. The highest EPS estimate is $1.20 and the lowest is $1.09. American Electric Power reported earnings of $1.18 per share in the same quarter last year, which indicates a negative year over year growth rate of 4.2%. The business is scheduled to report its next quarterly earnings report on Monday, January 1st.

On average, analysts expect that American Electric Power will report full-year earnings of $5.01 per share for the current financial year, with EPS estimates ranging from $4.95 to $5.11. For the next financial year, analysts expect that the business will post earnings of $5.31 per share, with EPS estimates ranging from $5.25 to $5.37. Zacks Investment Research’s EPS averages are a mean average based on a survey of sell-side research firms that that provide coverage for American Electric Power.

American Electric Power (NASDAQ:AEPGet Rating) last released its quarterly earnings results on Thursday, April 28th. The company reported $1.22 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.19 by $0.03. The business had revenue of $4.60 billion during the quarter, compared to the consensus estimate of $4.37 billion. American Electric Power had a return on equity of 10.65% and a net margin of 15.34%. The business’s quarterly revenue was up 7.0% compared to the same quarter last year. During the same period in the previous year, the company posted $1.15 EPS.

AEP has been the subject of a number of recent research reports. Royal Bank of Canada boosted their price target on American Electric Power from $101.00 to $106.00 and gave the company an “outperform” rating in a research note on Monday, March 7th. Wells Fargo & Company upgraded American Electric Power from an “equal weight” rating to an “overweight” rating and boosted their price objective for the company from $93.00 to $101.00 in a research note on Monday, February 28th. Morgan Stanley cut their price objective on American Electric Power from $117.00 to $113.00 and set an “overweight” rating for the company in a research note on Monday, May 23rd. StockNews.com started coverage on American Electric Power in a research note on Thursday, March 31st. They set a “hold” rating for the company. Finally, Mizuho boosted their price objective on American Electric Power from $94.00 to $104.00 and gave the company a “buy” rating in a research note on Tuesday, March 29th. Two equities research analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. Based on data from MarketBeat.com, American Electric Power presently has a consensus rating of “Buy” and a consensus price target of $103.98.

In other news, EVP Charles E. Zebula sold 1,902 shares of the company’s stock in a transaction that occurred on Friday, May 20th. The stock was sold at an average price of $99.05, for a total transaction of $188,393.10. Following the sale, the executive vice president now directly owns 18,134 shares of the company’s stock, valued at approximately $1,796,172.70. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP David Matthew Feinberg sold 2,699 shares of the company’s stock in a transaction that occurred on Monday, April 4th. The stock was sold at an average price of $100.85, for a total value of $272,194.15. Following the sale, the executive vice president now directly owns 16,302 shares in the company, valued at $1,644,056.70. The disclosure for this sale can be found here. Over the last three months, insiders sold 37,215 shares of company stock worth $3,640,491. 0.12% of the stock is owned by insiders.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Aldebaran Financial Inc. grew its stake in shares of American Electric Power by 4.2% in the first quarter. Aldebaran Financial Inc. now owns 2,500 shares of the company’s stock valued at $249,000 after buying an additional 100 shares in the last quarter. Great Valley Advisor Group Inc. grew its stake in American Electric Power by 2.5% during the 1st quarter. Great Valley Advisor Group Inc. now owns 4,157 shares of the company’s stock worth $406,000 after purchasing an additional 100 shares in the last quarter. Bridgewater Advisors Inc. grew its stake in American Electric Power by 2.2% during the 1st quarter. Bridgewater Advisors Inc. now owns 4,664 shares of the company’s stock worth $465,000 after purchasing an additional 101 shares in the last quarter. Bogart Wealth LLC grew its stake in American Electric Power by 6.3% during the 1st quarter. Bogart Wealth LLC now owns 1,723 shares of the company’s stock worth $172,000 after purchasing an additional 102 shares in the last quarter. Finally, Gryphon Financial Partners LLC grew its stake in American Electric Power by 1.8% during the 1st quarter. Gryphon Financial Partners LLC now owns 5,875 shares of the company’s stock worth $586,000 after purchasing an additional 105 shares in the last quarter. 73.26% of the stock is currently owned by hedge funds and other institutional investors.

Shares of American Electric Power stock traded up $0.99 during trading hours on Monday, reaching $103.57. 154,493 shares of the stock traded hands, compared to its average volume of 3,124,505. The company has a 50 day moving average price of $100.62 and a 200 day moving average price of $92.82. The firm has a market capitalization of $53.19 billion, a price-to-earnings ratio of 19.80, a P/E/G ratio of 3.33 and a beta of 0.34. American Electric Power has a one year low of $80.22 and a one year high of $104.81. The company has a quick ratio of 0.54, a current ratio of 0.61 and a debt-to-equity ratio of 1.28.

The firm also recently declared a quarterly dividend, which will be paid on Friday, June 10th. Investors of record on Tuesday, May 10th will be issued a $0.78 dividend. The ex-dividend date is Monday, May 9th. This represents a $3.12 dividend on an annualized basis and a yield of 3.01%. American Electric Power’s dividend payout ratio is presently 59.66%.

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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