KeyCorp Research Analysts Reduce Earnings Estimates for AEP

American Electric Power Company, Inc. (NASDAQ:AEP) – Stock analysts at KeyCorp cut their FY2027 EPS estimates for American Electric Power in a report released on Tuesday, December 3rd. KeyCorp analyst S. Karp now anticipates that the company will earn $6.67 per share for the year, down from their previous estimate of $6.73. The consensus estimate for American Electric Power’s current full-year earnings is $5.63 per share.

Other research analysts have also issued research reports about the company. Evercore ISI dropped their target price on American Electric Power from $97.00 to $96.00 and set an “in-line” rating on the stock in a report on Thursday, November 7th. Bank of America raised their price objective on American Electric Power from $97.00 to $98.00 and gave the company an “underperform” rating in a research note on Thursday, August 29th. Wells Fargo & Company reduced their target price on shares of American Electric Power from $104.00 to $102.00 and set an “equal weight” rating for the company in a research note on Thursday, November 7th. Jefferies Financial Group began coverage on shares of American Electric Power in a report on Friday, September 20th. They issued a “hold” rating and a $107.00 target price for the company. Finally, UBS Group boosted their price target on shares of American Electric Power from $91.00 to $95.00 and gave the stock a “sell” rating in a report on Thursday, November 7th. Two research analysts have rated the stock with a sell rating, eight have given a hold rating and six have issued a buy rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $98.20.

American Electric Power Stock Performance

AEP opened at $95.85 on Friday. American Electric Power has a 1-year low of $75.22 and a 1-year high of $105.18. The company has a market cap of $51.00 billion, a price-to-earnings ratio of 19.22, a PEG ratio of 2.80 and a beta of 0.55. The company’s fifty day moving average price is $98.39 and its two-hundred day moving average price is $95.90. The company has a current ratio of 0.57, a quick ratio of 0.41 and a debt-to-equity ratio of 1.47.

Hedge Funds Weigh In On American Electric Power

Several hedge funds have recently bought and sold shares of the company. HHM Wealth Advisors LLC increased its stake in American Electric Power by 57.2% in the 2nd quarter. HHM Wealth Advisors LLC now owns 283 shares of the company’s stock worth $25,000 after acquiring an additional 103 shares during the last quarter. Legacy Investment Solutions LLC bought a new position in shares of American Electric Power in the third quarter worth approximately $25,000. Safe Harbor Fiduciary LLC purchased a new stake in American Electric Power in the third quarter valued at approximately $33,000. LRI Investments LLC lifted its position in American Electric Power by 935.9% during the second quarter. LRI Investments LLC now owns 404 shares of the company’s stock valued at $35,000 after purchasing an additional 365 shares during the last quarter. Finally, Briaud Financial Planning Inc lifted its position in American Electric Power by 52.1% during the second quarter. Briaud Financial Planning Inc now owns 438 shares of the company’s stock valued at $38,000 after purchasing an additional 150 shares during the last quarter. Hedge funds and other institutional investors own 75.24% of the company’s stock.

American Electric Power Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, December 10th. Shareholders of record on Friday, November 8th will be issued a dividend of $0.93 per share. This represents a $3.72 dividend on an annualized basis and a yield of 3.88%. The ex-dividend date of this dividend is Friday, November 8th. This is a positive change from American Electric Power’s previous quarterly dividend of $0.88. American Electric Power’s payout ratio is presently 74.55%.

About American Electric Power

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.