American Electric Power Company, Inc. (NYSE:AEP) - Equities researchers at SunTrust Banks lifted their Q3 2017 earnings per share estimates for shares of American Electric Power in a note issued to investors on Thursday. SunTrust Banks analyst A. Agha now expects that the utilities provider will post earnings per share of $1.26 for the quarter, up from their previous forecast of $1.19. SunTrust Banks also issued estimates for American Electric Power’s Q4 2017 earnings at $0.68 EPS, Q1 2018 earnings at $1.01 EPS, Q4 2018 earnings at $0.71 EPS, Q1 2019 earnings at $1.08 EPS and Q2 2019 earnings at $0.87 EPS.
American Electric Power (NYSE:AEP) last announced its quarterly earnings data on Thursday, July 27th. The utilities provider reported $0.75 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.82 by $0.07. The company had revenue of $3.60 billion for the quarter, compared to analysts’ expectations of $3.70 billion. American Electric Power had a net margin of 3.60% and a return on equity of 10.32%. During the same quarter in the previous year, the firm posted $0.95 EPS.
ILLEGAL ACTIVITY NOTICE: This piece was first posted by StockNewsTimes and is the sole property of of StockNewsTimes. If you are viewing this piece on another domain, it was illegally stolen and reposted in violation of US & international copyright legislation. The original version of this piece can be accessed at https://stocknewstimes.com/2017/07/31/research-analysts-issue-forecasts-for-american-electric-power-company-inc-s-q3-2017-earnings-aep.html.
Several other analysts have also recently issued reports on the company. BMO Capital Markets reaffirmed an “outperform” rating and set a $75.00 target price (up previously from $73.00) on shares of American Electric Power in a research report on Friday. Zacks Investment Research raised American Electric Power from a “sell” rating to a “hold” rating in a research report on Thursday. Jefferies Group LLC reaffirmed a “hold” rating and set a $70.00 target price on shares of American Electric Power in a research report on Wednesday, July 19th. BidaskClub cut American Electric Power from a “hold” rating to a “sell” rating in a research report on Wednesday, July 12th. Finally, Morgan Stanley reaffirmed an “equal weight” rating on shares of American Electric Power in a research report on Monday, July 10th. One research analyst has rated the stock with a sell rating, eight have given a hold rating and eight have assigned a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average target price of $72.00.
American Electric Power (NYSE AEP) opened at 70.43 on Monday. The stock has a market cap of $34.63 billion, a PE ratio of 49.39 and a beta of 0.30. The stock has a 50 day moving average price of $70.16 and a 200 day moving average price of $67.55. American Electric Power has a 1-year low of $57.89 and a 1-year high of $72.97.
Institutional investors have recently modified their holdings of the company. Ledyard National Bank raised its position in shares of American Electric Power by 52.6% in the second quarter. Ledyard National Bank now owns 1,450 shares of the utilities provider’s stock worth $101,000 after buying an additional 500 shares during the period. Point72 Asia Hong Kong Ltd purchased a new position in shares of American Electric Power during the first quarter worth about $105,000. Chicago Partners Investment Group LLC raised its position in shares of American Electric Power by 0.3% in the first quarter. Chicago Partners Investment Group LLC now owns 1,599 shares of the utilities provider’s stock worth $107,000 after buying an additional 5 shares during the period. Zions Bancorporation raised its position in shares of American Electric Power by 1.3% in the first quarter. Zions Bancorporation now owns 1,680 shares of the utilities provider’s stock worth $113,000 after buying an additional 21 shares during the period. Finally, Thompson Davis & CO. Inc. raised its position in shares of American Electric Power by 0.3% in the first quarter. Thompson Davis & CO. Inc. now owns 1,741 shares of the utilities provider’s stock worth $117,000 after buying an additional 6 shares during the period. Institutional investors own 70.54% of the company’s stock.
In related news, insider Paul Chodak III sold 1,110 shares of the firm’s stock in a transaction on Tuesday, May 16th. The stock was sold at an average price of $68.20, for a total value of $75,702.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 0.15% of the company’s stock.
The company also recently announced a quarterly dividend, which will be paid on Friday, September 8th. Investors of record on Thursday, August 10th will be paid a $0.59 dividend. The ex-dividend date of this dividend is Tuesday, August 8th. This represents a $2.36 dividend on an annualized basis and a yield of 3.35%. American Electric Power’s dividend payout ratio (DPR) is 203.45%.
American Electric Power Company Profile
American Electric Power Company, Inc (AEP) is a public utility holding company that owns, directly or indirectly, all of the outstanding common stock of its public utility subsidiaries and varying percentages of other subsidiaries. The service areas of the Company’s public utility subsidiaries cover the states of Arkansas, Indiana, Kentucky, Louisiana, Michigan, Ohio, Oklahoma, Tennessee, Texas, Virginia and West Virginia.
Receive News & Ratings for American Electric Power Company Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for American Electric Power Company Inc. and related companies with MarketBeat.com's FREE daily email newsletter.
