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 year. 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 equities research analysts have issued 1-year price targets for American Electric Power's shares. Their AEP share price forecasts range from $82.50 to $102.00. On average, they predict the company's share price to reach $94.97 in the next year. This suggests a possible upside of 19.8% from the stock's current price.
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American Electric Power's stock was trading at $94.95 at the beginning of 2023. Since then, AEP shares have decreased by 16.5% and is now trading at $79.27.
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American Electric Power saw a decline in short interest in August. As of August 31st, there was short interest totaling 5,250,000 shares, a decline of 46.3% from the August 15th total of 9,780,000 shares. Based on an average daily trading volume, of 3,180,000 shares, the days-to-cover ratio is presently 1.7 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) posted its quarterly earnings data on Thursday, July, 27th. The company reported $1.13 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $1.14 by $0.01. The business earned $4.37 billion during the quarter, compared to the consensus estimate of $4.70 billion. American Electric Power had a net margin of 10.20% and a trailing twelve-month return on equity of 10.44%. The firm's revenue for the quarter was down 5.8% compared to the same quarter last year. 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 dividend on an annualized basis and a dividend yield of 4.19%. 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 4.13%. 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 issued an update on 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."

American Electric Power's stock is owned by a number of institutional and retail investors. Top institutional shareholders include BlackRock Inc. (7.96%), State Street Corp (5.27%), Geode Capital Management LLC (2.01%), Royal Bank of Canada (1.42%), Nuveen Asset Management LLC (1.20%) and Franklin Resources Inc. (1.11%). Insiders that own company stock include Charles E Zebula, Charles R Patton, David Matthew Feinberg, Greg B Hall, J Barnie Beasley, Jospeh M Buonaiuto, Julia A Sloat, Lisa M Barton, Mark C Mccullough, Nicholas K Akins, Paul Chodak III and Therace Risch.
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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 $79.27.

American Electric Power (NASDAQ:AEP) has a market capitalization of $40.84 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.