KeyCorp Cuts Earnings Estimates for American Electric Power

American Electric Power Company, Inc. (NASDAQ:AEP) – Equities researchers at KeyCorp decreased their Q4 2024 earnings per share (EPS) estimates for shares of American Electric Power in a note issued to investors on Monday, October 21st. KeyCorp analyst S. Karp now anticipates that the company will earn $1.28 per share for the quarter, down from their previous estimate of $1.33. The consensus estimate for American Electric Power’s current full-year earnings is $5.60 per share. KeyCorp also issued estimates for American Electric Power’s FY2026 earnings at $6.34 EPS, FY2027 earnings at $6.73 EPS and FY2028 earnings at $7.21 EPS.

AEP has been the topic of several other reports. Scotiabank boosted their target price on American Electric Power from $99.00 to $108.00 and gave the stock a “sector outperform” rating in a report on Tuesday, August 20th. BMO Capital Markets boosted their target price on American Electric Power from $109.00 to $114.00 and gave the stock an “outperform” rating in a report on Thursday, October 3rd. Morgan Stanley boosted their target price on American Electric Power from $102.00 to $108.00 and gave the stock an “overweight” rating in a report on Wednesday, September 25th. Guggenheim boosted their target price on American Electric Power from $81.00 to $83.00 and gave the stock a “neutral” rating in a report on Monday, July 22nd. Finally, JPMorgan Chase & Co. boosted their target price on American Electric Power from $108.00 to $112.00 and gave the stock an “overweight” rating in a report on Friday, October 18th. Two investment analysts have rated the stock with a sell rating, seven have given a hold rating and six have issued a buy rating to the company. According to MarketBeat, American Electric Power currently has an average rating of “Hold” and a consensus price target of $98.43.

American Electric Power Stock Down 1.2 %

Shares of AEP opened at $98.19 on Thursday. The company has a market capitalization of $51.76 billion, a P/E ratio of 18.22, a PEG ratio of 2.79 and a beta of 0.54. The company has a debt-to-equity ratio of 1.53, a current ratio of 0.65 and a quick ratio of 0.48. American Electric Power has a one year low of $74.37 and a one year high of $105.18. The business’s 50 day simple moving average is $100.68 and its 200-day simple moving average is $93.82.

American Electric Power (NASDAQ:AEP) last released its quarterly earnings data on Tuesday, July 30th. The company reported $1.25 earnings per share for the quarter, beating the consensus estimate of $1.23 by $0.02. American Electric Power had a return on equity of 11.31% and a net margin of 13.52%. The company had revenue of $4.60 billion for the quarter, compared to analyst estimates of $4.74 billion. During the same period in the prior year, the company posted $1.13 EPS. The company’s revenue was up 4.5% compared to the same quarter last year.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in AEP. Pathway Financial Advisers LLC increased its position in shares of American Electric Power by 10,177.1% in the 3rd quarter. Pathway Financial Advisers LLC now owns 1,982,444 shares of the company’s stock valued at $203,399,000 after buying an additional 1,963,154 shares in the last quarter. Mitsubishi UFJ Trust & Banking Corp increased its position in shares of American Electric Power by 542.4% in the 1st quarter. Mitsubishi UFJ Trust & Banking Corp now owns 2,282,571 shares of the company’s stock valued at $193,541,000 after buying an additional 1,927,234 shares in the last quarter. Nordea Investment Management AB increased its position in shares of American Electric Power by 381.9% in the 1st quarter. Nordea Investment Management AB now owns 1,995,884 shares of the company’s stock valued at $171,127,000 after buying an additional 1,581,734 shares in the last quarter. National Bank of Canada FI increased its position in shares of American Electric Power by 221.9% in the 1st quarter. National Bank of Canada FI now owns 1,715,346 shares of the company’s stock valued at $157,140,000 after buying an additional 1,182,451 shares in the last quarter. Finally, Zimmer Partners LP increased its position in shares of American Electric Power by 578.2% in the 1st quarter. Zimmer Partners LP now owns 975,000 shares of the company’s stock valued at $83,948,000 after buying an additional 831,235 shares in the last quarter. Institutional investors and hedge funds own 75.24% of the company’s stock.

American Electric Power Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, December 10th. Stockholders of record on Friday, November 8th will be paid a $0.93 dividend. The ex-dividend date of this dividend is Friday, November 8th. This represents a $3.72 dividend on an annualized basis and a dividend yield of 3.79%. This is an increase from American Electric Power’s previous quarterly dividend of $0.88. American Electric Power’s dividend payout ratio is 69.02%.

About American Electric Power

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.