American Electric Power (AEP) Projected to Post Quarterly Earnings on Thursday

American Electric Power (NASDAQ:AEP) is expected to be issuing its quarterly earnings data before the market opens on Thursday, February 13th. Analysts expect the company to announce earnings of $1.24 per share and revenue of $4.91 billion for the quarter. Parties that wish to register for the company’s conference call can do so using this link.

American Electric Power Price Performance

Shares of AEP opened at $99.39 on Thursday. The company has a current ratio of 0.57, a quick ratio of 0.41 and a debt-to-equity ratio of 1.47. The company’s fifty day simple moving average is $95.10 and its 200 day simple moving average is $97.67. 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 $52.89 billion, a price-to-earnings ratio of 19.92, a PEG ratio of 2.79 and a beta of 0.58.

American Electric Power Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, March 10th. Stockholders of record on Monday, February 10th will be paid a dividend of $0.93 per share. The ex-dividend date is Monday, February 10th. This represents a $3.72 annualized dividend and a dividend yield of 3.74%. American Electric Power’s dividend payout ratio is currently 74.55%.

Wall Street Analyst Weigh In

AEP has been the subject of a number of research analyst reports. Scotiabank cut shares of American Electric Power from a “sector outperform” rating to a “sector perform” rating and reduced their price objective for the stock from $105.00 to $102.00 in a research report on Thursday, December 12th. JPMorgan Chase & Co. reiterated a “neutral” rating and issued a $102.00 price target (down previously from $109.00) on shares of American Electric Power in a research note on Thursday, December 12th. Bank of America upgraded shares of American Electric Power from an “underperform” rating to a “buy” rating and raised their price objective for the stock from $98.00 to $104.00 in a research report on Monday, January 13th. Barclays reduced their price target 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. Finally, Morgan Stanley lowered their price objective on American Electric Power from $109.00 to $104.00 and set an “overweight” rating on the stock in a research report on Friday, November 22nd. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating and six have given a buy rating to the company. Based on data from MarketBeat, American Electric Power currently has an average rating of “Hold” and a consensus price target of $98.00.

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.