What is KeyCorp's Forecast for AEP FY2027 Earnings?

Key Points

• KeyCorp has projected American Electric Power's (AEP) FY2027 earnings per share to be $6.76, higher than the consensus of $5.87.
• The company recently reported $1.43 EPS for its latest quarter, surpassing estimates and showing a year-over-year revenue increase of 11.1%.
• AEP's dividend yield stands at 3.2% with a recent quarterly dividend of $0.93 per share, reflecting a payout ratio of 54.39%.

American Electric Power Company, Inc. (NASDAQ:AEP - Free Report) - Investment analysts at KeyCorp issued their FY2027 earnings per share estimates for shares of American Electric Power in a research report issued on Wednesday, October 15th. KeyCorp analyst S. Karp expects that the company will post earnings per share of $6.76 for the year. The consensus estimate for American Electric Power's current full-year earnings is $5.87 per share. KeyCorp also issued estimates for American Electric Power's FY2028 earnings at $7.70 EPS.

AEP has been the subject of several other research reports. Evercore ISI began coverage on shares of American Electric Power in a research report on Monday, October 6th. They issued an "outperform" rating and a $133.00 target price for the company. Cowen began coverage on shares of American Electric Power in a research report on Wednesday. They issued a "buy" rating for the company. The Goldman Sachs Group upped their target price on shares of American Electric Power from $125.00 to $128.00 and gave the stock a "buy" rating in a research report on Tuesday. Mizuho decreased their target price on shares of American Electric Power from $116.00 to $113.00 and set a "neutral" rating for the company in a research report on Tuesday, September 16th. Finally, Barclays upped their target price on shares of American Electric Power from $111.00 to $117.00 and gave the stock an "equal weight" rating in a research report on Tuesday. Ten analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and one has issued a Sell rating to the company's stock. Based on data from MarketBeat, the stock has an average rating of "Hold" and an average price target of $119.26.

American Electric Power Price Performance

NASDAQ AEP opened at $117.53 on Friday. American Electric Power has a 52 week low of $89.91 and a 52 week high of $120.46. The company has a current ratio of 0.55, a quick ratio of 0.41 and a debt-to-equity ratio of 1.33. The stock has a market cap of $62.85 billion, a price-to-earnings ratio of 17.18, a price-to-earnings-growth ratio of 3.13 and a beta of 0.48. The company has a 50-day moving average price of $111.76 and a two-hundred day moving average price of $107.44.

American Electric Power (NASDAQ:AEP - Get Free Report) last announced its quarterly earnings results on Wednesday, July 30th. The company reported $1.43 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.27 by $0.16. The business had revenue of $5.09 billion for the quarter, compared to the consensus estimate of $4.85 billion. American Electric Power had a return on equity of 11.55% and a net margin of 17.68%.The business's revenue was up 11.1% on a year-over-year basis. During the same quarter last year, the business posted $1.25 EPS. American Electric Power has set its FY 2025 guidance at 6.570-6.770 EPS.

American Electric Power Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, September 10th. Investors of record on Friday, August 8th were issued a dividend of $0.93 per share. This represents a $3.72 dividend on an annualized basis and a yield of 3.2%. The ex-dividend date was Friday, August 8th. American Electric Power's dividend payout ratio (DPR) is presently 54.39%.

Insider Buying and Selling

In related news, EVP Kelly J. Ferneau sold 1,006 shares of the firm's stock in a transaction that occurred on Thursday, October 2nd. The shares were sold at an average price of $112.00, for a total transaction of $112,672.00. Following the completion of the sale, the executive vice president directly owned 5,676 shares in the company, valued at approximately $635,712. This trade represents a 15.06% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Benjamin G. S. Fowke III sold 5,000 shares of the firm's stock in a transaction that occurred on Friday, October 10th. The stock was sold at an average price of $117.52, for a total transaction of $587,600.00. Following the sale, the director owned 35,898 shares of the company's stock, valued at $4,218,732.96. The trade was a 12.23% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 11,006 shares of company stock valued at $1,243,522 over the last 90 days. 0.07% of the stock is currently owned by insiders.

Institutional Investors Weigh In On American Electric Power

Hedge funds have recently made changes to their positions in the company. EQ Wealth Advisors LLC purchased a new stake in shares of American Electric Power in the 1st quarter valued at approximately $25,000. Harbor Capital Advisors Inc. purchased a new stake in shares of American Electric Power in the 3rd quarter valued at approximately $26,000. Advantage Trust Co lifted its position in shares of American Electric Power by 57.1% in the 2nd quarter. Advantage Trust Co now owns 275 shares of the company's stock valued at $29,000 after acquiring an additional 100 shares in the last quarter. Montag A & Associates Inc. lifted its position in shares of American Electric Power by 166.0% in the 2nd quarter. Montag A & Associates Inc. now owns 282 shares of the company's stock valued at $29,000 after acquiring an additional 176 shares in the last quarter. Finally, Bayforest Capital Ltd purchased a new stake in shares of American Electric Power in the 1st quarter valued at approximately $31,000. Hedge funds and other institutional investors own 75.24% of the company's stock.

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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