KeyCorp Analysts Decrease Earnings Estimates for American Electric Power Company, Inc. (NASDAQ:AEP)

American Electric Power Company, Inc. (NASDAQ:AEP) – Equities researchers at KeyCorp dropped their FY2021 earnings estimates for American Electric Power in a note issued to investors on Wednesday, January 12th. KeyCorp analyst S. Karp now anticipates that the company will post earnings per share of $4.64 for the year, down from their prior estimate of $4.68. KeyCorp also issued estimates for American Electric Power’s FY2023 earnings at $5.29 EPS, FY2024 earnings at $5.63 EPS and FY2025 earnings at $5.92 EPS.

Several other equities analysts also recently issued reports on the company. Mizuho cut their price objective on American Electric Power from $91.00 to $86.00 and set a “buy” rating for the company in a research report on Wednesday, October 27th. Morgan Stanley lifted their price objective on 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 research analyst has rated the stock with a hold rating and six have given a buy rating to the stock. According to MarketBeat, the company presently has an average rating of “Buy” and an average target price of $95.81.

Shares of AEP opened at $90.98 on Friday. The stock has a fifty day moving average price of $85.66 and a two-hundred day moving average price of $86.10. The company has a debt-to-equity ratio of 1.42, a quick ratio of 0.48 and a current ratio of 0.58. American Electric Power has a 52-week low of $74.80 and a 52-week high of $91.58. 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 issued its quarterly earnings data on Wednesday, October 27th. The company reported $1.43 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ 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 business had revenue of $4.60 billion during the quarter, compared to the consensus estimate of $4.30 billion. During the same quarter in the previous year, the firm posted $1.47 EPS. The company’s revenue for the quarter was up 12.2% compared to the same quarter last year.

Institutional investors have recently made changes to their positions in the stock. Future Financial Wealth Managment LLC acquired a new stake in shares of American Electric Power during the fourth quarter worth $39,000. Eubel Brady & Suttman Asset Management Inc. acquired a new position in American Electric Power in the second quarter valued at about $40,000. Consolidated Planning Corp acquired a new position in American Electric Power in the third quarter valued at about $42,000. Larson Financial Group LLC grew its stake in American Electric Power by 573.3% in the second quarter. Larson Financial Group LLC now owns 579 shares of the company’s stock valued at $49,000 after acquiring an additional 493 shares during the period. Finally, Atlantic Trust LLC acquired a new position in American Electric Power in the second quarter valued at about $50,000. 72.92% of the stock is owned by institutional investors and hedge funds.

In related news, CEO Nicholas K. Akins sold 2,100 shares of American Electric Power stock in a transaction on Monday, January 3rd. The stock was sold at an average price of $88.63, for a total transaction of $186,123.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders sold a total of 6,300 shares of company stock valued at $535,017 over the last three months. Insiders own 0.14% of the company’s stock.

The company also recently announced 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 boost from American Electric Power’s previous quarterly dividend of $0.74. This represents a $3.12 annualized dividend 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 (DPR) is 65.14%.

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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