American Electric Power Company, Inc. Forecasted to Earn Q1 2024 Earnings of $1.35 Per Share (NASDAQ:AEP)

American Electric Power Company, Inc. (NASDAQ:AEP) – Equities researchers at Zacks Research lifted their Q1 2024 earnings estimates for American Electric Power in a research note issued to investors on Wednesday, April 24th. Zacks Research analyst R. Department now expects that the company will post earnings of $1.35 per share for the quarter, up from their prior estimate of $1.33. The consensus estimate for American Electric Power’s current full-year earnings is $5.54 per share. Zacks Research also issued estimates for American Electric Power’s Q2 2024 earnings at $1.07 EPS, Q1 2025 earnings at $1.36 EPS, Q2 2025 earnings at $1.13 EPS, Q1 2026 earnings at $1.06 EPS and FY2026 earnings at $6.18 EPS.

American Electric Power (NASDAQ:AEP) last issued its earnings results on Tuesday, February 27th. The company reported $1.23 earnings per share for the quarter, missing analysts’ consensus estimates of $1.26 by ($0.03). The firm had revenue of $4.60 billion for the quarter, compared to analyst estimates of $5.12 billion. American Electric Power had a return on equity of 11.04% and a net margin of 11.64%. American Electric Power’s quarterly revenue was down 6.1% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.05 earnings per share.

Several other equities analysts also recently commented on AEP. BMO Capital Markets upped their price objective on shares of American Electric Power from $87.00 to $88.00 and gave the company an “outperform” rating in a report on Tuesday, February 27th. Scotiabank decreased their price objective on shares of American Electric Power from $92.00 to $86.00 and set a “sector outperform” rating on the stock in a report on Monday. UBS Group downgraded shares of American Electric Power from a “neutral” rating to a “sell” rating and decreased their price objective for the company from $86.00 to $83.00 in a report on Monday, March 11th. Cfra reiterated a “buy” rating and issued a $92.00 price objective (up from $90.00) on shares of American Electric Power in a report on Tuesday, February 27th. Finally, Mizuho downgraded shares of American Electric Power from a “buy” rating to a “neutral” rating and set a $83.00 price objective on the stock. in a report on Thursday, January 11th. Three research analysts have rated the stock with a sell rating, three have assigned a hold rating and seven have issued a buy rating to the stock. According to MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $86.08.

American Electric Power Price Performance

NASDAQ:AEP opened at $86.37 on Thursday. American Electric Power has a one year low of $69.38 and a one year high of $94.73. The company has a market cap of $45.48 billion, a P/E ratio of 20.32, a P/E/G ratio of 3.00 and a beta of 0.51. The firm’s fifty day moving average price is $83.34 and its two-hundred day moving average price is $80.29. The company has a debt-to-equity ratio of 1.49, a current ratio of 0.53 and a quick ratio of 0.36.

American Electric Power Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, June 10th. Investors of record on Friday, May 10th will be given a dividend of $0.88 per share. The ex-dividend date of this dividend is Thursday, May 9th. This represents a $3.52 annualized dividend and a yield of 4.08%. American Electric Power’s dividend payout ratio is 82.82%.

Institutional Investors Weigh In On American Electric Power

Several institutional investors and hedge funds have recently bought and sold shares of the company. Personal CFO Solutions LLC lifted its position in American Electric Power by 2.5% during the fourth quarter. Personal CFO Solutions LLC now owns 5,345 shares of the company’s stock worth $434,000 after purchasing an additional 130 shares during the period. BLB&B Advisors LLC lifted its position in American Electric Power by 4.0% during the fourth quarter. BLB&B Advisors LLC now owns 3,405 shares of the company’s stock worth $277,000 after purchasing an additional 131 shares during the period. Dorsey & Whitney Trust CO LLC lifted its position in American Electric Power by 4.4% during the third quarter. Dorsey & Whitney Trust CO LLC now owns 3,150 shares of the company’s stock worth $237,000 after purchasing an additional 132 shares during the period. Southland Equity Partners LLC lifted its position in American Electric Power by 4.2% during the first quarter. Southland Equity Partners LLC now owns 3,302 shares of the company’s stock worth $284,000 after purchasing an additional 133 shares during the period. Finally, Hexagon Capital Partners LLC lifted its position in American Electric Power by 2.8% during the fourth quarter. Hexagon Capital Partners LLC now owns 4,975 shares of the company’s stock worth $404,000 after purchasing an additional 135 shares during the period. Institutional investors own 75.24% of the company’s stock.

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. It operates through Vertically Integrated Utilities, Transmission and Distribution Utilities, AEP Transmission Holdco, and Generation & Marketing segments.