American Electric Power (NASDAQ:AEP) Releases FY21 Earnings Guidance

American Electric Power (NASDAQ:AEP) issued an update on its FY21 earnings guidance on Thursday morning. The company provided earnings per share (EPS) guidance of $4.55-4.75 for the period, compared to the Thomson Reuters consensus estimate of $4.67. American Electric Power also updated its FY 2021 guidance to $4.550-$4.750 EPS.

Shares of NASDAQ:AEP traded up $0.20 on Thursday, reaching $84.92. 138,010 shares of the company’s stock were exchanged, compared to its average volume of 2,399,474. The company has a quick ratio of 0.29, a current ratio of 0.42 and a debt-to-equity ratio of 1.42. The firm has a market cap of $42.44 billion, a P/E ratio of 18.42, a price-to-earnings-growth ratio of 3.11 and a beta of 0.27. The company’s fifty day moving average price is $85.24. American Electric Power has a twelve month low of $74.80 and a twelve month high of $94.21.

American Electric Power (NASDAQ:AEP) last posted its quarterly earnings results on Thursday, July 22nd. The company reported $1.18 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.14 by $0.04. The business had revenue of $3.80 billion for the quarter, compared to analyst estimates of $4.05 billion. American Electric Power had a net margin of 14.72% and a return on equity of 10.93%. The firm’s revenue for the quarter was up 8.6% on a year-over-year basis. During the same quarter last year, the business posted $1.08 EPS. Equities analysts predict that American Electric Power will post 4.68 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 10th. Investors of record on Tuesday, August 10th will be paid a $0.74 dividend. This represents a $2.96 annualized dividend and a yield of 3.49%. The ex-dividend date of this dividend is Monday, August 9th. American Electric Power’s payout ratio is 66.67%.

Several equities analysts recently commented on the stock. Barclays increased their price objective on shares of American Electric Power from $95.00 to $105.00 and gave the company an overweight rating in a research note on Tuesday, May 25th. Mizuho raised their price target on shares of American Electric Power from $83.00 to $91.00 and gave the company a buy rating in a research note on Thursday, April 15th. Finally, Morgan Stanley raised their price target on shares of American Electric Power from $103.00 to $105.00 and gave the company an overweight rating in a research note on Monday, June 21st. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating and seven have issued a buy rating to the company’s stock. The company has a consensus rating of Buy and a consensus target price of $95.00.

In other news, EVP Charles R. Patton sold 1,507 shares of the stock in a transaction on Tuesday, May 4th. The shares were sold at an average price of $88.39, for a total transaction of $133,203.73. Following the completion of the sale, the executive vice president now directly owns 26,605 shares in the company, valued at $2,351,615.95. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, CEO Nicholas K. Akins sold 15,068 shares of the firm’s stock in a transaction on Tuesday, May 4th. The stock was sold at an average price of $88.39, for a total transaction of $1,331,860.52. Following the completion of the sale, the chief executive officer now owns 106,588 shares of the company’s stock, valued at $9,421,313.32. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 26,502 shares of company stock valued at $2,334,826. 0.14% of the stock is currently owned by corporate insiders.

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.

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Earnings History and Estimates for American Electric Power (NASDAQ:AEP)

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