American Electric Power Company Inc (AEP) Issues FY14 Earnings Guidance
American Electric Power Company Inc (NYSE:AEP) updated its FY14 earnings guidance on Monday. The company provided EPS guidance of $3.35-3.55 for the period, compared to the Thomson Reuters consensus EPS estimate of $3.49, AnalystRatings.NET reports.
A number of research firms have recently commented on AEP. Analysts at Morgan Stanley downgraded shares of American Electric Power Company from an overweight rating to an equal weight rating in a research note on Monday, August 4th. They now have a $52.00 price target on the stock. They noted that the move was a valuation call. On a related note, analysts at JPMorgan Chase & Co. reiterated a neutral rating on shares of American Electric Power Company in a research note on Monday, July 28th. They now have a $56.00 price target on the stock, up previously from $52.00. Finally, analysts at RBC Capital raised their price target on shares of American Electric Power Company from $53.00 to $54.00 in a research note on Monday, July 28th. Six investment analysts have rated the stock with a hold rating and six have given a buy rating to the company. The company presently has a consensus rating of Buy and a consensus price target of $54.13.
Shares of American Electric Power Company Inc (NYSE:AEP) traded up 0.76% on Monday, hitting $52.94. 724,197 shares of the company’s stock traded hands. American Electric Power Company Inc has a 1-year low of $41.83 and a 1-year high of $55.94. The stock has a 50-day moving average of $52.6 and a 200-day moving average of $51.86. The company has a market cap of $25.870 billion and a price-to-earnings ratio of 14.82.
American Electric Power Company (NYSE:AEP) last announced its earnings results on Friday, July 25th. The company reported $0.80 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.75 by $0.05. The company had revenue of $4.00 billion for the quarter, compared to the consensus estimate of $3.92 billion. During the same quarter in the previous year, the company posted $0.73 earnings per share. The company’s revenue for the quarter was up 11.1% on a year-over-year basis. On average, analysts predict that American Electric Power Company Inc will post $3.49 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Wednesday, September 10th. Stockholders of record on Friday, August 8th will be given a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a yield of 3.81%. The ex-dividend date of this dividend is Wednesday, August 6th.
In other American Electric Power Company news, CFO Brian X. Tierney sold 8,603 shares of the company’s stock on the open market in a transaction dated Thursday, August 14th. The shares were sold at an average price of $50.92, for a total value of $438,064.76. The transaction was disclosed in a document filed with the SEC, which is available at this link.
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.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.