American Electric Power (NASDAQ:AEP) Announces Quarterly Earnings Results, Hits Expectations

American Electric Power (NASDAQ:AEP) posted its quarterly earnings data on Thursday. The company reported $1.24 earnings per share for the quarter, hitting the consensus estimate of $1.24, Zacks reports. American Electric Power had a net margin of 13.48% and a return on equity of 11.41%. During the same quarter in the previous year, the business earned $1.23 earnings per share. American Electric Power updated its FY 2025 guidance to 5.750-5.950 EPS.

American Electric Power Trading Up 1.3 %

NASDAQ:AEP traded up $1.35 on Friday, reaching $102.34. 183,835 shares of the stock traded hands, compared to its average volume of 3,257,188. The firm has a market capitalization of $54.45 billion, a price-to-earnings ratio of 20.54, a price-to-earnings-growth ratio of 2.84 and a beta of 0.58. The company’s 50 day moving average is $95.45 and its 200-day moving average is $97.92. The company has a current ratio of 0.57, a quick ratio of 0.41 and a debt-to-equity ratio of 1.47. American Electric Power has a 1-year low of $79.01 and a 1-year high of $105.18.

American Electric Power Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, March 10th. Shareholders of record on Monday, February 10th will be given a dividend of $0.93 per share. This represents a $3.72 dividend on an annualized basis and a yield of 3.64%. The ex-dividend date of this dividend is Monday, February 10th. American Electric Power’s dividend payout ratio is presently 74.55%.

Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in on AEP shares. BMO Capital Markets cut their price objective on shares of American Electric Power from $108.00 to $100.00 and set an “outperform” rating for the company in a research report on Friday, January 10th. Barclays lowered their target price on American Electric Power from $100.00 to $99.00 and set an “equal weight” rating for the company in a research note on Tuesday, November 26th. Morgan Stanley lowered their target price on American Electric Power from $109.00 to $104.00 and set an “overweight” rating for the company in a research note on Friday, November 22nd. Evercore ISI lowered their target price on American Electric Power from $97.00 to $96.00 and set an “in-line” rating for the company in a research note on Thursday, November 7th. Finally, UBS Group upped their price objective on American Electric Power from $91.00 to $95.00 and gave the company a “sell” rating in a research note on Thursday, November 7th. One research analyst has rated the stock with a sell rating, eight have given a hold rating and six have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $98.00.

American Electric Power Company Profile

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.