American Electric Power (NASDAQ:AEP) Releases FY 2024 Earnings Guidance

American Electric Power (NASDAQ:AEP) updated its FY 2024 earnings guidance on Wednesday. The company provided earnings per share (EPS) guidance of 5.580-5.680 for the period, compared to the consensus estimate of 5.620. The company issued revenue guidance of -. American Electric Power also updated its FY 2025 guidance to 5.750-5.950 EPS.

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on AEP shares. Scotiabank raised their target price on shares of American Electric Power from $99.00 to $108.00 and gave the company a “sector outperform” rating in a research note on Tuesday, August 20th. Bank of America upped their target price on shares of American Electric Power from $97.00 to $98.00 and gave the stock an “underperform” rating in a research report on Thursday, August 29th. Barclays lifted their price target on American Electric Power from $96.00 to $100.00 and gave the stock an “equal weight” rating in a research note on Tuesday, October 15th. Morgan Stanley raised their price objective on American Electric Power from $102.00 to $108.00 and gave the company an “overweight” rating in a report on Wednesday, September 25th. Finally, Evercore ISI decreased their price target on shares of American Electric Power from $97.00 to $96.00 and set an “in-line” rating on the stock in a research note on Thursday. Two equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating and six have issued a buy rating to the company’s stock. According to MarketBeat.com, American Electric Power has a consensus rating of “Hold” and a consensus target price of $98.27.

American Electric Power Trading Up 1.0 %

AEP traded up $0.93 during midday trading on Friday, reaching $96.33. 1,209,476 shares of the company’s stock traded hands, compared to its average volume of 3,147,471. American Electric Power has a 52 week low of $74.97 and a 52 week high of $105.18. The company has a debt-to-equity ratio of 1.53, a current ratio of 0.65 and a quick ratio of 0.48. The firm has a fifty day moving average of $100.59 and a two-hundred day moving average of $94.79. The stock has a market capitalization of $51.26 billion, a price-to-earnings ratio of 19.28, a P/E/G ratio of 2.81 and a beta of 0.55.

American Electric Power Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 10th. Shareholders of record on Friday, November 8th will be given a dividend of $0.93 per share. This is an increase from American Electric Power’s previous quarterly dividend of $0.88. This represents a $3.72 dividend on an annualized basis and a yield of 3.86%. The ex-dividend date of this dividend is Friday, November 8th. American Electric Power’s payout ratio is presently 70.12%.

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.