American Electric Power Company, Inc. (NYSE:AEP) – Stock analysts at KeyCorp issued their Q2 2017 earnings per share estimates for shares of American Electric Power in a research note issued to investors on Monday. KeyCorp analyst P. Ridzon forecasts that the utilities provider will post earnings of $0.74 per share for the quarter.

American Electric Power (NYSE:AEP) last released its quarterly earnings data on Thursday, April 27th. The utilities provider reported $0.96 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.97 by $0.01. American Electric Power had a return on equity of 10.78% and a net margin of 4.31%. The company had revenue of $3.90 billion during the quarter, compared to analysts’ expectations of $3.85 billion. During the same quarter in the prior year, the firm posted $1.02 EPS. The firm’s quarterly revenue was down 2.5% on a year-over-year basis. COPYRIGHT VIOLATION NOTICE: “American Electric Power Company, Inc. Expected to Post Q2 2017 Earnings of $0.74 Per Share (AEP)” was first reported by American Banking News and is the sole property of of American Banking News. If you are viewing this article on another publication, it was illegally stolen and reposted in violation of United States and international trademark & copyright laws. The legal version of this article can be read at https://www.americanbankingnews.com/2017/07/26/american-electric-power-company-inc-expected-to-post-q2-2017-earnings-of-0-74-per-share-aep.html.

Other analysts also recently issued research reports about the stock. BidaskClub downgraded shares of American Electric Power from a “hold” rating to a “sell” rating in a research note on Wednesday, July 12th. Goldman Sachs Group, Inc. (The) downgraded shares of American Electric Power from a “buy” rating to a “neutral” rating and raised their price objective for the stock from $68.00 to $70.00 in a research note on Monday, June 26th. Jefferies Group LLC raised their price objective on shares of American Electric Power from $68.00 to $70.00 and gave the stock a “hold” rating in a research note on Friday, April 28th. Zacks Investment Research downgraded shares of American Electric Power from a “hold” rating to a “sell” rating in a research note on Wednesday, July 12th. Finally, Morgan Stanley reissued an “equal weight” rating on shares of American Electric Power in a research note on Monday, July 10th. Two analysts have rated the stock with a sell rating, eight have assigned a hold rating and seven have given a buy rating to the company’s stock. American Electric Power has an average rating of “Hold” and a consensus target price of $71.73.

American Electric Power (NYSE AEP) opened at 68.84 on Wednesday. American Electric Power has a one year low of $57.89 and a one year high of $72.97. The stock has a market cap of $33.85 billion, a P/E ratio of 48.27 and a beta of 0.30. The company’s 50-day moving average price is $70.44 and its 200-day moving average price is $67.42.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 8th. Investors of record on Thursday, August 10th will be issued a dividend of $0.59 per share. This represents a $2.36 annualized dividend and a yield of 3.43%. The ex-dividend date of this dividend is Tuesday, August 8th. American Electric Power’s payout ratio is 166.20%.

In related news, insider Paul Chodak III sold 1,110 shares of American Electric Power stock in a transaction that occurred on Tuesday, May 16th. The shares were sold at an average price of $68.20, for a total transaction of $75,702.00. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Company insiders own 0.15% of the company’s stock.

Institutional investors have recently modified their holdings of the stock. MCF Advisors LLC raised its position in shares of American Electric Power by 0.8% in the second quarter. MCF Advisors LLC now owns 2,718 shares of the utilities provider’s stock valued at $189,000 after buying an additional 22 shares during the last quarter. Boston Advisors LLC acquired a new position in shares of American Electric Power during the second quarter valued at about $294,000. ING Groep NV raised its position in shares of American Electric Power by 0.3% in the second quarter. ING Groep NV now owns 33,623 shares of the utilities provider’s stock valued at $2,336,000 after buying an additional 90 shares during the last quarter. Moloney Securities Asset Management LLC raised its position in shares of American Electric Power by 2.2% in the second quarter. Moloney Securities Asset Management LLC now owns 14,824 shares of the utilities provider’s stock valued at $1,030,000 after buying an additional 315 shares during the last quarter. Finally, Carroll Financial Associates Inc. raised its position in shares of American Electric Power by 9.2% in the second quarter. Carroll Financial Associates Inc. now owns 7,663 shares of the utilities provider’s stock valued at $532,000 after buying an additional 645 shares during the last quarter. 70.53% of the stock is currently owned by institutional investors.

American Electric Power Company Profile

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 service areas of the Company’s public utility subsidiaries cover the states of Arkansas, Indiana, Kentucky, Louisiana, Michigan, Ohio, Oklahoma, Tennessee, Texas, Virginia and West Virginia.

Earnings History and Estimates for American Electric Power (NYSE:AEP)

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