American Electric Power (AEP) Set to Announce Quarterly Earnings on Wednesday

American Electric Power (NASDAQ:AEP) is set to post its quarterly earnings results before the market opens on Wednesday, November 6th. Analysts expect American Electric Power to post earnings of $1.80 per share for the quarter. Individual that wish to listen to the company’s earnings conference call can do so using this link.

American Electric Power Stock Performance

Shares of AEP opened at $97.25 on Monday. The stock’s 50-day simple moving average is $100.68 and its 200 day simple moving average is $94.54. The stock has a market capitalization of $51.75 billion, a price-to-earnings ratio of 19.37, a price-to-earnings-growth ratio of 2.82 and a beta of 0.55. The company has a debt-to-equity ratio of 1.53, a quick ratio of 0.48 and a current ratio of 0.65. American Electric Power has a 52-week low of $74.97 and a 52-week high of $105.18.

American Electric Power Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 10th. Investors of record on Friday, November 8th will be issued a dividend of $0.93 per share. This is a boost from American Electric Power’s previous quarterly dividend of $0.88. The ex-dividend date of this dividend is Friday, November 8th. This represents a $3.72 dividend on an annualized basis and a yield of 3.83%. American Electric Power’s dividend payout ratio is 70.12%.

Analyst Upgrades and Downgrades

Several analysts have weighed in on the company. Wells Fargo & Company raised their price target on American Electric Power from $98.00 to $104.00 and gave the company an “equal weight” rating in a report on Wednesday, October 16th. JPMorgan Chase & Co. raised their price target on American Electric Power from $108.00 to $112.00 and gave the company an “overweight” rating in a report on Friday, October 18th. Guggenheim raised their price target on American Electric Power from $81.00 to $83.00 and gave the company a “neutral” rating in a report on Monday, July 22nd. Scotiabank raised their price target on American Electric Power from $99.00 to $108.00 and gave the company a “sector outperform” rating in a report on Tuesday, August 20th. Finally, BMO Capital Markets raised their price target on American Electric Power from $109.00 to $114.00 and gave the company an “outperform” rating in a report on Thursday, October 3rd. Two analysts have rated the stock with a sell rating, seven have given a hold rating and six have assigned a buy rating to the stock. According to data from MarketBeat.com, American Electric Power presently has an average rating of “Hold” and an average price target of $98.43.

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.