Q3 2024 EPS Estimates for American Electric Power Company, Inc. Increased by Analyst (NASDAQ:AEP)

American Electric Power Company, Inc. (NASDAQ:AEP) – Investment analysts at Zacks Research increased their Q3 2024 earnings per share (EPS) estimates for American Electric Power in a research note issued on Wednesday, September 4th. Zacks Research analyst R. Department now expects that the company will post earnings of $1.82 per share for the quarter, up from their previous forecast of $1.78. The consensus estimate for American Electric Power’s current full-year earnings is $5.59 per share. Zacks Research also issued estimates for American Electric Power’s Q4 2024 earnings at $1.25 EPS, FY2024 earnings at $5.59 EPS, Q2 2025 earnings at $1.26 EPS, FY2025 earnings at $5.93 EPS, Q1 2026 earnings at $1.48 EPS, Q2 2026 earnings at $1.35 EPS and FY2026 earnings at $6.28 EPS.

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

Several other research analysts have also commented on the company. Bank of America lifted their price target on American Electric Power from $97.00 to $98.00 and gave the stock an “underperform” rating in a research report on Thursday, August 29th. BMO Capital Markets upped their target price on shares of American Electric Power from $100.00 to $104.00 and gave the company an “outperform” rating in a report on Monday, July 29th. Morgan Stanley boosted their price target on American Electric Power from $95.00 to $102.00 and gave the company an “overweight” rating in a research report on Friday, August 23rd. Guggenheim upped their price objective on American Electric Power from $81.00 to $83.00 and gave the company a “neutral” rating in a research note on Monday, July 22nd. Finally, Barclays lifted their target price on American Electric Power from $91.00 to $96.00 and gave the company an “equal weight” rating in a research note on Thursday, August 1st. Two research analysts have rated the stock with a sell rating, six have issued a hold rating and six have given a buy rating to the stock. According to MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $94.77.

American Electric Power Stock Down 1.0 %

AEP opened at $102.05 on Thursday. American Electric Power has a one year low of $69.38 and a one year high of $104.41. The company has a debt-to-equity ratio of 1.53, a quick ratio of 0.48 and a current ratio of 0.65. The stock has a market capitalization of $53.79 billion, a P/E ratio of 18.93, a price-to-earnings-growth ratio of 2.87 and a beta of 0.54. The business’s 50-day simple moving average is $95.80 and its 200-day simple moving average is $89.55.

Hedge Funds Weigh In On American Electric Power

Several hedge funds have recently added to or reduced their stakes in the business. HHM Wealth Advisors LLC increased its stake in shares of American Electric Power by 57.2% during the 2nd quarter. HHM Wealth Advisors LLC now owns 283 shares of the company’s stock worth $25,000 after purchasing an additional 103 shares in the last quarter. Denali Advisors LLC acquired a new stake in American Electric Power during the 1st quarter valued at $26,000. Rise Advisors LLC purchased a new position in American Electric Power during the first quarter worth $27,000. Frazier Financial Advisors LLC acquired a new position in shares of American Electric Power in the fourth quarter worth $26,000. Finally, YHB Investment Advisors Inc. purchased a new stake in shares of American Electric Power in the first quarter valued at $29,000. 75.24% of the stock is currently owned by hedge funds and other institutional investors.

American Electric Power Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 10th. Investors of record on Friday, August 9th will be issued a dividend of $0.88 per share. The ex-dividend date of this dividend is Friday, August 9th. This represents a $3.52 annualized dividend and a yield of 3.45%. American Electric Power’s dividend payout ratio is presently 65.31%.

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.