American Electric Power (NYSE:AEP) Issues FY19 Earnings Guidance

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American Electric Power (NYSE:AEP) issued an update on its FY19 earnings guidance on Thursday morning. The company provided EPS guidance of $4.14-4.24 for the period, compared to the Thomson Reuters consensus EPS estimate of $4.16.

Shares of NYSE AEP traded down $1.37 during mid-day trading on Friday, hitting $94.35. The stock had a trading volume of 2,109,535 shares, compared to its average volume of 2,291,181. The company has a debt-to-equity ratio of 1.29, a quick ratio of 0.36 and a current ratio of 0.49. American Electric Power has a 1 year low of $72.07 and a 1 year high of $96.22. The business has a 50 day moving average price of $92.98 and a two-hundred day moving average price of $89.30. The firm has a market cap of $47.27 billion, a P/E ratio of 23.89, a price-to-earnings-growth ratio of 4.05 and a beta of 0.09.

American Electric Power (NYSE:AEP) last issued its earnings results on Thursday, October 24th. The utilities provider reported $1.46 EPS for the quarter, topping the consensus estimate of $1.32 by $0.14. American Electric Power had a net margin of 13.52% and a return on equity of 11.20%. The company had revenue of $4.30 billion for the quarter, compared to the consensus estimate of $5.08 billion. During the same period in the previous year, the firm earned $1.26 earnings per share. Equities research analysts predict that American Electric Power will post 4.19 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Tuesday, December 10th. Investors of record on Friday, November 8th will be paid a $0.70 dividend. This represents a $2.80 annualized dividend and a dividend yield of 2.97%. This is an increase from American Electric Power’s previous quarterly dividend of $0.67. The ex-dividend date is Thursday, November 7th. American Electric Power’s payout ratio is presently 67.85%.

Several research analysts recently commented on AEP shares. Morgan Stanley lifted their target price on shares of American Electric Power from $91.00 to $97.00 and gave the stock an equal weight rating in a research note on Wednesday, September 25th. UBS Group lifted their target price on shares of American Electric Power from $100.00 to $105.00 and gave the stock a buy rating in a research note on Friday, September 20th. Bank of America reaffirmed a buy rating and issued a $98.00 target price (up from $93.00) on shares of American Electric Power in a research note on Tuesday, July 9th. Zacks Investment Research raised shares of American Electric Power from a sell rating to a hold rating and set a $96.00 target price on the stock in a research note on Thursday, July 11th. Finally, SunTrust Banks lifted their target price on shares of American Electric Power from $98.00 to $99.00 and gave the stock a buy rating in a research note on Monday, August 12th. Seven investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. American Electric Power presently has a consensus rating of Buy and an average target price of $93.91.

In other American Electric Power news, insider Charles E. Zebula sold 1,216 shares of the business’s stock in a transaction on Thursday, August 22nd. The shares were sold at an average price of $90.98, for a total transaction of $110,631.68. Following the transaction, the insider now directly owns 7,420 shares of the company’s stock, valued at approximately $675,071.60. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, VP Brian X. Tierney sold 4,458 shares of the business’s stock in a transaction on Monday, July 29th. The shares were sold at an average price of $89.73, for a total transaction of $400,016.34. Following the transaction, the vice president now directly owns 39,745 shares in the company, valued at $3,566,318.85. The disclosure for this sale can be found here. 0.16% of the stock is currently owned by insiders.

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. The company generates electricity using coal and lignite, natural gas, nuclear, hydroelectric, solar, wind, and other energy sources.

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Earnings History and Estimates for American Electric Power (NYSE:AEP)

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