American Electric Power Co. Inc. (AEP) Plans Quarterly Dividend of $0.50
American Electric Power Co. (NYSE:AEP) declared a quarterly dividend on Tuesday, October 22nd, American Banking & Market News reports. Stockholders of record on Friday, November 8th will be given a dividend of $0.50 per share on Tuesday, December 10th. This represents a $2.00 dividend on an annualized basis and a yield of 4.48%.
A number of research firms have recently commented on AEP. Analysts at Zacks reiterated a “neutral” rating on shares of American Electric Power Co. in a research note to investors on Wednesday, October 9th. They now have a $46.00 price target on the stock. On the ratings front, analysts at Deutsche Bank cut their price target on shares of American Electric Power Co. from $49.00 to $48.00 in a research note to investors on Wednesday, October 2nd. Finally, analysts at Wells Fargo & Co. upgraded shares of American Electric Power Co. from a “market perform” rating to an “outperform” rating in a research note to investors on Monday, September 23rd. Seven investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus target price of $48.92.
Shares of American Electric Power Co. (NYSE:AEP) traded up 1.43% on Tuesday, hitting $45.28. The stock had a trading volume of 2,355,622 shares. American Electric Power Co. has a 52-week low of $40.56 and a 52-week high of $51.60. The stock’s 50-day moving average is $43.47 and its 200-day moving average is $45.92. The company has a market cap of $22.041 billion and a price-to-earnings ratio of 17.93.
American Electric Power Co. (NYSE:AEP) last issued its quarterly earnings data on Thursday, July 25th. The company reported $0.73 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.74 by $0.01. The company had revenue of $3.60 billion for the quarter, compared to the consensus estimate of $3.69 billion. During the same quarter in the previous year, the company posted $0.77 earnings per share. The company’s revenue for the quarter was up .0% on a year-over-year basis. Analysts expect that American Electric Power Co. will post $3.15 EPS for the current fiscal year.
American Electric Power Company, Inc (NYSE:AEP) is a utility holding company that owns, directly or indirectly, all of the outstanding common stock of its public utility subsidiaries and varying percentages of other subsidiaries.
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