American Electric Power (NYSE:AEP) issued an update on its FY20 earnings guidance on Friday morning. 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.
Shares of American Electric Power stock traded down $0.27 during midday trading on Friday, hitting $89.07. The company had a trading volume of 2,927,121 shares, compared to its average volume of 2,418,548. The business’s 50 day simple moving average is $93.25 and its two-hundred day simple moving average is $89.94. The stock has a market cap of $45.15 billion, a PE ratio of 22.55, a P/E/G ratio of 3.86 and a beta of 0.07. The company has a debt-to-equity ratio of 1.27, a current ratio of 0.48 and a quick ratio of 0.36. American Electric Power has a 1-year low of $72.25 and a 1-year high of $96.22.
American Electric Power (NYSE:AEP) last announced its quarterly earnings data on Thursday, October 24th. The utilities provider reported $1.46 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.32 by $0.14. The business had revenue of $4.30 billion for the quarter, compared to the consensus estimate of $5.08 billion. American Electric Power had a net margin of 13.52% and a return on equity of 11.09%. During the same quarter last year, the company posted $1.26 earnings per share. On average, sell-side analysts expect that American Electric Power will post 4.19 EPS for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 10th. Stockholders of record on Friday, November 8th will be paid a $0.70 dividend. This is an increase from American Electric Power’s previous quarterly dividend of $0.67. The ex-dividend date is Thursday, November 7th. This represents a $2.80 annualized dividend and a dividend yield of 3.14%. American Electric Power’s dividend payout ratio (DPR) is presently 67.85%.
AEP has been the topic of several research analyst reports. SunTrust Banks set a $102.00 price objective on shares of American Electric Power and gave the stock a buy rating in a research note on Friday, October 25th. JPMorgan Chase & Co. raised their price objective on shares of American Electric Power from $92.00 to $104.00 and gave the stock an overweight rating in a research note on Monday, October 14th. Mizuho raised their price objective on shares of American Electric Power from $85.00 to $90.00 and gave the stock a neutral rating in a research note on Monday, September 16th. ValuEngine downgraded shares of American Electric Power from a buy rating to a hold rating in a research note on Wednesday, October 2nd. Finally, Wolfe Research set a $101.00 price objective on shares of American Electric Power and gave the stock a buy rating in a research note on Friday, October 25th. Seven research analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. The company currently has a consensus rating of Buy and a consensus target price of $95.27.
In other American Electric Power news, insider Charles E. Zebula sold 1,216 shares of American Electric Power stock in a transaction 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 owns 7,420 shares in the company, valued at $675,071.60. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 0.16% of the stock is owned by 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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