American Electric Power - AEP Stock Forecast, Price & News

9 Wall Street analysts have issued "buy," "hold," and "sell" ratings for American Electric Power in the last year. There are currently 3 hold ratings and 6 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "buy" AEP shares.
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9 analysts have issued 12 month price objectives for American Electric Power's shares. Their AEP share price forecasts range from $93.00 to $107.00. On average, they anticipate the company's share price to reach $100.33 in the next year. This suggests a possible upside of 11.0% from the stock's current price.
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American Electric Power's stock was trading at $94.95 at the beginning of the year. Since then, AEP stock has decreased by 4.8% and is now trading at $90.43.
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American Electric Power saw a drop in short interest during the month of March. As of March 15th, there was short interest totaling 6,470,000 shares, a drop of 11.4% from the February 28th total of 7,300,000 shares. Based on an average daily volume of 2,830,000 shares, the days-to-cover ratio is presently 2.3 days.
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The company is scheduled to release its next quarterly earnings announcement on Thursday, April 27th 2023.
View our AEP earnings forecast.

American Electric Power Company, Inc. (NASDAQ:AEP) posted its earnings results on Thursday, February, 23rd. The company reported $1.05 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.99 by $0.06. The business earned $4.88 billion during the quarter, compared to the consensus estimate of $4.26 billion. American Electric Power had a trailing twelve-month return on equity of 10.75% and a net margin of 11.77%. During the same quarter in the previous year, the business earned $0.98 earnings per share.
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American Electric Power announced a quarterly dividend on Tuesday, January 24th. Investors of record on Friday, February 10th will be paid a dividend of $0.83 per share on Friday, March 10th. This represents a $3.32 annualized dividend and a dividend yield of 3.67%. The ex-dividend date of this dividend is Thursday, February 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), Invesco S&P 500 Equal Weight Utilities ETF (RYU) and Direxion Daily Utilities Bull 3X Shares (UTSL).

American Electric Power (NASDAQ:AEP) pays an annual dividend of $3.32 per share and currently has a dividend yield of 3.75%. 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 73.61%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, AEP will have a dividend payout ratio of 58.55% 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 FY23 earnings guidance on Thursday, February, 23rd. The company provided EPS guidance of $5.19-5.39 for the period, compared to the consensus estimate of $5.29.

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

American Electric Power's stock is owned by a variety of retail and institutional investors. Top institutional investors include Morgan Stanley (2.60%), Geode Capital Management LLC (1.99%), Franklin Resources Inc. (1.24%), Bank of America Corp DE (1.21%), Price T Rowe Associates Inc. MD (1.05%) and Legal & General Group Plc (0.94%). 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 $90.43.

American Electric Power (NASDAQ:AEP) has a market capitalization of $46.52 billion and generates $19.64 billion in revenue each year. The company earns $2.31 billion in net income (profit) each year or $4.51 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.