American Electric Power (AEP) to Release Earnings on Thursday

American Electric Power (NASDAQ:AEP) is expected to be announcing its earnings results before the market opens on Thursday, February 13th. Analysts expect the company to announce earnings of $1.24 per share and revenue of $4.91 billion for the quarter. Investors interested in listening to the company’s conference call can do so using this link.

American Electric Power Stock Up 1.0 %

AEP stock opened at $101.88 on Wednesday. American Electric Power has a twelve month low of $76.31 and a twelve month high of $105.18. The company has a quick ratio of 0.41, a current ratio of 0.57 and a debt-to-equity ratio of 1.47. The stock has a market cap of $54.21 billion, a P/E ratio of 20.42, a PEG ratio of 2.84 and a beta of 0.58. The business’s 50-day moving average price is $95.16 and its 200-day moving average price is $97.83.

American Electric Power Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, March 10th. Investors of record on Monday, February 10th will be paid a dividend of $0.93 per share. This represents a $3.72 annualized dividend and a yield of 3.65%. The ex-dividend date is Monday, February 10th. American Electric Power’s dividend payout ratio (DPR) is presently 74.55%.

Analyst Upgrades and Downgrades

A number of analysts have issued reports on the company. Guggenheim raised American Electric Power from a “neutral” rating to a “buy” rating in a research note on Thursday, January 23rd. Evercore ISI cut their target price on American Electric Power from $97.00 to $96.00 and set an “in-line” rating on the stock in a research report on Thursday, November 7th. Scotiabank downgraded American Electric Power from a “sector outperform” rating to a “sector perform” rating and cut their target price for the company from $105.00 to $102.00 in a research report on Thursday, December 12th. Bank of America upgraded American Electric Power from an “underperform” rating to a “buy” rating and boosted their price objective for the company from $98.00 to $104.00 in a report on Monday, January 13th. Finally, Morgan Stanley dropped their price objective on American Electric Power from $109.00 to $104.00 and set an “overweight” rating for the company in a report on Friday, November 22nd. One investment analyst has rated the stock with a sell rating, eight have given a hold rating and six have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $98.00.

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.