American Electric Power Co. (AEP) Scheduled to Post Earnings on Thursday
American Electric Power Co. (NYSE:AEP) will release its earnings data before the market opens on Thursday, October 20th. Analysts expect American Electric Power to post earnings of $1.11 per share for the quarter. American Electric Power has set its FY16 guidance at $3.60-3.80 EPS.
American Electric Power (NYSE:AEP) last issued its earnings results on Thursday, July 28th. The company reported $0.95 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.90 by $0.05. American Electric Power had a return on equity of 9.54% and a net margin of 12.50%. The business earned $3.90 billion during the quarter, compared to analysts’ expectations of $4.01 billion. During the same period in the prior year, the business earned $0.88 EPS. The business’s revenue for the quarter was up 2.6% compared to the same quarter last year. On average, analysts expect American Electric Power to post $3.68 EPS for the current fiscal year and $3.78 EPS for the next fiscal year.
Shares of American Electric Power Co. (NYSE:AEP) opened at 63.37 on Wednesday. American Electric Power Co. has a one year low of $53.30 and a one year high of $71.32. The firm has a 50 day moving average price of $64.19 and a 200 day moving average price of $66.00. The stock has a market capitalization of $31.16 billion, a PE ratio of 15.64 and a beta of 0.23.
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A number of equities analysts have commented on AEP shares. Jefferies Group increased their target price on American Electric Power from $75.00 to $77.00 and gave the company a “buy” rating in a report on Friday, July 29th. KeyCorp set a $72.50 price target on American Electric Power and gave the company a “buy” rating in a report on Monday, September 12th. Zacks Investment Research raised American Electric Power from a “hold” rating to a “buy” rating and set a $72.00 price target for the company in a report on Tuesday, September 13th. Goldman Sachs Group Inc. raised American Electric Power from a “neutral” rating to a “buy” rating and increased their price target for the company from $71.00 to $73.00 in a report on Tuesday, July 26th. Finally, SunTrust Banks Inc. increased their price target on American Electric Power from $74.00 to $76.00 and gave the company a “buy” rating in a report on Monday, September 26th. Eight analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. American Electric Power currently has a consensus rating of “Buy” and a consensus target price of $68.17.
Several hedge funds and other institutional investors have recently added to or reduced their stakes in AEP. FMR LLC increased its position in American Electric Power by 72.8% in the second quarter. FMR LLC now owns 9,114,402 shares of the company’s stock worth $638,828,000 after buying an additional 3,840,681 shares in the last quarter. Janus Capital Management LLC increased its position in American Electric Power by 125.6% in the second quarter. Janus Capital Management LLC now owns 1,374,736 shares of the company’s stock worth $96,355,000 after buying an additional 765,272 shares in the last quarter. APG Asset Management N.V. increased its position in American Electric Power by 16.5% in the second quarter. APG Asset Management N.V. now owns 2,811,038 shares of the company’s stock worth $197,026,000 after buying an additional 398,824 shares in the last quarter. Caisse DE Depot ET Placement DU Quebec increased its position in American Electric Power by 59.5% in the second quarter. Caisse DE Depot ET Placement DU Quebec now owns 607,830 shares of the company’s stock worth $42,603,000 after buying an additional 226,843 shares in the last quarter. Finally, Analytic Investors LLC increased its position in American Electric Power by 29.5% in the second quarter. Analytic Investors LLC now owns 351,842 shares of the company’s stock worth $24,660,000 after buying an additional 80,083 shares in the last quarter. Institutional investors and hedge funds own 68.66% of the company’s stock.
About American Electric Power
American Electric Power Company, Inc (AEP) is a public 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. The Company’s segments include Vertically Integrated Utilities, Transmission and Distribution Utilities, AEP Transmission Holdco, and Generation & Marketing.
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