American Electric Power Company, Inc. (NASDAQ:AEP) – Stock analysts at Seaport Res Ptn boosted their FY2022 earnings estimates for shares of American Electric Power in a report issued on Thursday, January 13th. Seaport Res Ptn analyst A. Storozynski now anticipates that the company will post earnings per share of $5.00 for the year, up from their prior forecast of $4.99.
American Electric Power (NASDAQ:AEP) last released its quarterly earnings results on Wednesday, October 27th. The company reported $1.43 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $1.46 by ($0.03). American Electric Power had a return on equity of 10.72% and a net margin of 14.61%. The company had revenue of $4.60 billion for the quarter, compared to analysts’ expectations of $4.30 billion. During the same period in the prior year, the business earned $1.47 EPS. The business’s quarterly revenue was up 12.2% compared to the same quarter last year.
Shares of NASDAQ:AEP opened at $90.98 on Friday. The company has a quick ratio of 0.48, a current ratio of 0.58 and a debt-to-equity ratio of 1.42. The company has a market cap of $45.82 billion, a P/E ratio of 18.99, a PEG ratio of 3.21 and a beta of 0.37. American Electric Power has a 52 week low of $74.80 and a 52 week high of $91.58. The company has a 50-day moving average price of $85.66 and a 200 day moving average price of $86.10.
Institutional investors and hedge funds have recently modified their holdings of the company. Future Financial Wealth Managment LLC purchased a new position in shares of American Electric Power during the 4th quarter worth approximately $39,000. Eubel Brady & Suttman Asset Management Inc. purchased a new position in shares of American Electric Power during the 2nd quarter worth approximately $40,000. Consolidated Planning Corp purchased a new position in shares of American Electric Power during the 3rd quarter worth approximately $42,000. Larson Financial Group LLC increased its stake in shares of American Electric Power by 573.3% during the 2nd quarter. Larson Financial Group LLC now owns 579 shares of the company’s stock worth $49,000 after purchasing an additional 493 shares in the last quarter. Finally, Atlantic Trust LLC purchased a new position in shares of American Electric Power during the 2nd quarter worth approximately $50,000. 72.92% of the stock is owned by institutional investors and hedge funds.
In other news, CEO Nicholas K. Akins sold 2,100 shares of American Electric Power stock in a transaction that occurred on Wednesday, December 1st. The shares were sold at an average price of $81.50, for a total transaction of $171,150.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Over the last quarter, insiders have sold 6,300 shares of company stock valued at $535,017. Insiders own 0.14% of the company’s stock.
The business also recently declared a quarterly dividend, which was paid on Friday, December 10th. Stockholders of record on Wednesday, November 10th were given a dividend of $0.78 per share. This represents a $3.12 dividend on an annualized basis and a dividend yield of 3.43%. This is an increase from American Electric Power’s previous quarterly dividend of $0.74. The ex-dividend date of this dividend was Tuesday, November 9th. American Electric Power’s dividend payout ratio (DPR) is presently 65.14%.
About American Electric Power
American Electric Power Co, Inc engages in the business of generation, transmission and distribution of electricity. It operates through the following segments: Vertically Integrated Utilities, Transmission & Distribution Utilities, AEP Transmission Holdco and Generation & Marketing. The Vertically Integrated Utilities segment engages in the generation, transmission and distribution of electricity for sale to retail and wholesale customers through assets owned and operated by its subsidiaries.
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