KeyCorp Predicts Lower Earnings for American Electric Power

American Electric Power Company, Inc. (NASDAQ:AEP - Free Report) - Investment analysts at KeyCorp dropped their FY2027 earnings per share estimates for shares of American Electric Power in a report issued on Tuesday, December 3rd. KeyCorp analyst S. Karp now forecasts that the company will post earnings per share of $6.67 for the year, down from their previous estimate of $6.73. The consensus estimate for American Electric Power's current full-year earnings is $5.62 per share.

Several other equities analysts have also commented on the stock. UBS Group increased their price objective on shares of American Electric Power from $91.00 to $95.00 and gave the company a "sell" rating in a research report on Thursday, November 7th. Barclays dropped their price target on American Electric Power from $100.00 to $99.00 and set an "equal weight" rating on the stock in a research note on Tuesday, November 26th. Wells Fargo & Company reduced their price objective on 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. Scotiabank raised their price target on shares of American Electric Power from $99.00 to $108.00 and gave the stock a "sector outperform" rating in a research report on Tuesday, August 20th. Finally, Jefferies Financial Group started coverage on shares of American Electric Power in a research report on Friday, September 20th. They set a "hold" rating and a $107.00 target price for the company. Two analysts have rated the stock with a sell rating, eight have given a hold rating and six have given a buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of "Hold" and a consensus price target of $98.20.

American Electric Power Stock Down 1.6 %

NASDAQ:AEP traded down $1.60 during mid-day trading on Friday, hitting $95.85. 2,676,413 shares of the company's stock traded hands, compared to its average volume of 2,590,180. The company has a fifty day moving average of $98.27 and a 200 day moving average of $95.93. The company has a debt-to-equity ratio of 1.47, a quick ratio of 0.41 and a current ratio of 0.57. American Electric Power has a twelve month low of $75.22 and a twelve month high of $105.18. The company has a market capitalization of $51.00 billion, a P/E ratio of 19.21, a P/E/G ratio of 2.78 and a beta of 0.55.

American Electric Power Increases Dividend

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

Hedge Funds Weigh In On American Electric Power

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Legacy Investment Solutions LLC acquired a new stake in American Electric Power in the 3rd quarter valued at about $25,000. HHM Wealth Advisors LLC boosted its stake in American Electric Power by 57.2% during the second quarter. HHM Wealth Advisors LLC now owns 283 shares of the company's stock worth $25,000 after buying an additional 103 shares during the last quarter. Safe Harbor Fiduciary LLC purchased a new stake in American Electric Power in the 3rd quarter valued at $33,000. LRI Investments LLC increased its stake in shares of American Electric Power by 935.9% in the 2nd quarter. LRI Investments LLC now owns 404 shares of the company's stock worth $35,000 after acquiring an additional 365 shares during the last quarter. Finally, Briaud Financial Planning Inc boosted its position in shares of American Electric Power by 52.1% during the 2nd quarter. Briaud Financial Planning Inc now owns 438 shares of the company's stock valued at $38,000 after acquiring 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 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.