American Electric Power (AEP) Stock Forecast, Price & News

14 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for American Electric Power in the last twelve months. There are currently 5 hold ratings and 9 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "moderate buy" AEP shares.
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14 brokerages have issued twelve-month target prices for American Electric Power's stock. Their AEP share price forecasts range from $82.50 to $102.00. On average, they anticipate the company's stock price to reach $94.97 in the next year. This suggests a possible upside of 26.3% from the stock's current price.
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American Electric Power's stock was trading at $94.95 on January 1st, 2023. Since then, AEP stock has decreased by 20.8% and is now trading at $75.22.
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American Electric Power saw a decline in short interest in September. As of September 15th, there was short interest totaling 4,670,000 shares, a decline of 11.0% from the August 31st total of 5,250,000 shares. Based on an average daily trading volume, of 3,070,000 shares, the days-to-cover ratio is presently 1.5 days.
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The company is scheduled to release its next quarterly earnings announcement on Thursday, October 26th 2023.
View our AEP earnings forecast.

American Electric Power Company, Inc. (NASDAQ:AEP) announced its quarterly earnings results on Thursday, July, 27th. The company reported $1.13 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.14 by $0.01. The business had revenue of $4.37 billion for the quarter, compared to analysts' expectations of $4.70 billion. American Electric Power had a trailing twelve-month return on equity of 10.44% and a net margin of 10.20%. The business's revenue was down 5.8% on a year-over-year basis. During the same quarter last year, the business posted $1.20 EPS.

American Electric Power declared a quarterly dividend on Tuesday, July 18th. Stockholders of record on Thursday, August 10th will be paid a dividend of $0.83 per share on Friday, September 8th. This represents a $3.32 annualized dividend and a dividend yield of 4.41%. The ex-dividend date is Wednesday, August 9th.
Read our dividend analysis for AEP.

ETFs with the largest weight of American Electric Power (NASDAQ:AEP) stock in their portfolio include Utilities Select Sector SPDR Fund (XLU), Vanguard Utilities ETF (VPU), Fidelity MSCI Utilities Index ETF (FUTY), iShares U.S. Utilities ETF (IDU), TrueShares Low Volatility Equity Income ETF (DIVZ), First Trust EIP Carbon Impact ETF (ECLN), Direxion Daily Utilities Bull 3X Shares (UTSL) and Invesco S&P 500 Equal Weight Utilities ETF (RSPU).

American Electric Power (NASDAQ:AEP) pays an annual dividend of $3.32 per share and currently has a dividend yield of 4.38%. AEP has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. The company has been increasing its dividend for 13 consecutive years, indicating the company has a strong committment to maintain and grow its dividend. The dividend payout ratio is 86.01%. Payout ratios above 75% are not desirable because they may not be sustainable. Based on earnings estimates, AEP will have a dividend payout ratio of 59.50% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for AEP.

American Electric Power updated its FY 2023 earnings guidance on Thursday, July, 27th. The company provided earnings per share (EPS) guidance of $5.19-$5.39 for the period, compared to the consensus EPS estimate of $5.27. The company issued revenue guidance of -.

American Electric Power trades on the NASDAQ under the ticker symbol "AEP."

Shares of AEP stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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One share of AEP stock can currently be purchased for approximately $75.22.

American Electric Power (NASDAQ:AEP) has a market capitalization of $38.75 billion and generates $19.64 billion in revenue each year. The company earns $2.31 billion in net income (profit) each year or $3.86 on an earnings per share basis.

The company employs 16,974 workers across the globe.

American Electric Power's mailing address is 1 RIVERSIDE PLAZA, COLUMBUS OH, 43215. The official website for the company is www.aep.com. The company can be reached via phone at (614) 716-1000, via email at rkowens-paul@aep.com, or via fax at 614-223-1823.