American Electric Power (NASDAQ:AEP) Issues Quarterly Earnings Results

Key Points

• American Electric Power reported earnings of $1.43 EPS for the quarter, exceeding expectations by $0.16 and achieving revenue of $5.09 billion, up 11.1% year-over-year.
• The company announced a quarterly dividend of $0.93 per share, scheduled for payment on September 10th, reflecting an annual yield of 3.3%.
• American Electric Power's stock price recently rose to $113.58, with analysts generally rating the stock as "Hold" and setting a consensus target price of $111.29.

American Electric Power (NASDAQ:AEP - Get Free Report) released its quarterly earnings data on Wednesday. The company reported $1.43 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.27 by $0.16, RTT News reports. The company had revenue of $5.09 billion during the quarter, compared to analysts' expectations of $4.85 billion. American Electric Power had a net margin of 17.68% and a return on equity of 11.55%. The firm's quarterly revenue was up 11.1% on a year-over-year basis. During the same period in the previous year, the company earned $1.25 EPS. American Electric Power updated its FY 2025 guidance to 6.570-6.770 EPS.

American Electric Power Stock Up 0.4%

NASDAQ:AEP traded up $0.44 during midday trading on Friday, reaching $113.58. 4,925,406 shares of the stock traded hands, compared to its average volume of 3,067,441. American Electric Power has a 12-month low of $89.91 and a 12-month high of $114.38. The business has a 50-day moving average of $104.61 and a two-hundred day moving average of $103.95. The company has a debt-to-equity ratio of 1.33, a quick ratio of 0.31 and a current ratio of 0.55. The stock has a market capitalization of $60.74 billion, a PE ratio of 16.61, a price-to-earnings-growth ratio of 3.00 and a beta of 0.40.

American Electric Power Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, September 10th. Investors of record on Friday, August 8th will be given a dividend of $0.93 per share. The ex-dividend date of this dividend is Friday, August 8th. This represents a $3.72 dividend on an annualized basis and a yield of 3.3%. American Electric Power's dividend payout ratio is presently 54.39%.

Insiders Place Their Bets

In other American Electric Power news, EVP Quinton S. Lies sold 10,141 shares of the firm's stock in a transaction on Monday, May 19th. The shares were sold at an average price of $102.68, for a total value of $1,041,277.88. Following the completion of the transaction, the executive vice president owned 9,658 shares of the company's stock, valued at approximately $991,683.44. This trade represents a 51.22% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, EVP David Matthew Feinberg sold 8,058 shares of the firm's stock in a transaction on Tuesday, June 17th. The stock was sold at an average price of $101.74, for a total transaction of $819,820.92. Following the completion of the transaction, the executive vice president directly owned 10,274 shares of the company's stock, valued at approximately $1,045,276.76. This represents a 43.96% decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 34,314 shares of company stock valued at $3,508,293. Corporate insiders own 0.07% of the company's stock.

Institutional Trading of American Electric Power

A hedge fund recently raised its stake in American Electric Power stock. Brighton Jones LLC lifted its holdings in American Electric Power Company, Inc. (NASDAQ:AEP - Free Report) by 11.5% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 10,601 shares of the company's stock after buying an additional 1,095 shares during the period. Brighton Jones LLC's holdings in American Electric Power were worth $978,000 as of its most recent filing with the Securities and Exchange Commission. Hedge funds and other institutional investors own 75.24% of the company's stock.

Analyst Upgrades and Downgrades

Several equities research analysts have issued reports on the stock. Raymond James Financial reissued an "outperform" rating and issued a $122.00 price objective (up from $115.00) on shares of American Electric Power in a research report on Thursday. Citigroup boosted their price objective on shares of American Electric Power from $102.00 to $109.00 and gave the company a "neutral" rating in a research report on Wednesday, May 7th. UBS Group upped their price target on shares of American Electric Power from $100.00 to $110.00 and gave the stock a "sell" rating in a research report on Thursday. Guggenheim upped their price target on shares of American Electric Power from $109.00 to $115.00 and gave the stock a "buy" rating in a research report on Wednesday, May 7th. Finally, Morgan Stanley lowered their price target on shares of American Electric Power from $114.00 to $113.00 and set an "overweight" rating for the company in a research report on Thursday, May 22nd. One research analyst has rated the stock with a sell rating, eight have given a hold rating and five have given a buy rating to the stock. According to MarketBeat, the stock has an average rating of "Hold" and a consensus target price of $111.29.

About American Electric Power

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.

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