American Electric Power (NYSE:AEP) Updates FY20 Earnings Guidance
American Electric Power (NYSE:AEP) updated its FY20 earnings guidance on Friday. The company provided earnings per share guidance of $4.25 -4.45 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $4.40.
Several equities research analysts recently issued reports on the stock. Morgan Stanley lifted their price target on shares of American Electric Power from $91.00 to $97.00 and gave the company an equal weight rating in a report on Wednesday, September 25th. JPMorgan Chase & Co. lifted their price target on shares of American Electric Power from $92.00 to $104.00 and gave the company an overweight rating in a report on Monday, October 14th. ValuEngine lowered shares of American Electric Power from a buy rating to a hold rating in a report on Wednesday, October 2nd. UBS Group lifted their price target on shares of American Electric Power from $100.00 to $105.00 and gave the company a buy rating in a report on Friday, September 20th. Finally, Zacks Investment Research raised shares of American Electric Power from a sell rating to a hold rating and set a $96.00 price target on the stock in a report on Thursday, July 11th. Seven research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. American Electric Power presently has an average rating of Buy and an average target price of $95.27.
Shares of American Electric Power stock traded down $0.27 during midday trading on Friday, hitting $89.07. 3,010,281 shares of the company traded hands, compared to its average volume of 2,418,548. The stock has a market cap of $45.15 billion, a price-to-earnings ratio of 22.55, a PEG ratio of 3.86 and a beta of 0.07. The company has a debt-to-equity ratio of 1.27, a quick ratio of 0.36 and a current ratio of 0.48. The firm’s fifty day moving average price is $93.25 and its 200-day moving average price is $89.94. American Electric Power has a 12 month low of $72.25 and a 12 month high of $96.22.
The firm also recently announced a quarterly dividend, which will be paid on Tuesday, December 10th. Investors of record on Friday, November 8th will be given a dividend of $0.70 per share. The ex-dividend date of this dividend is Thursday, November 7th. This is an increase from American Electric Power’s previous quarterly dividend of $0.67. This represents a $2.80 annualized dividend and a yield of 3.14%. American Electric Power’s dividend payout ratio (DPR) is currently 67.85%.
In related news, insider Charles E. Zebula sold 1,216 shares of American Electric Power stock in a transaction that occurred on Thursday, August 22nd. The shares were sold at an average price of $90.98, for a total transaction of $110,631.68. Following the sale, the insider now directly owns 7,420 shares in the company, valued at approximately $675,071.60. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. 0.16% of the stock is owned by company insiders.
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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