American Electric Power Company, Inc. (NYSE:AEP) – SunTrust Banks lowered their FY2017 earnings per share estimates for shares of American Electric Power in a research report issued on Thursday. SunTrust Banks analyst A. Agha now forecasts that the utilities provider will post earnings per share of $3.62 for the year, down from their previous estimate of $3.65. SunTrust Banks also issued estimates for American Electric Power’s Q2 2018 earnings at $0.79 EPS, Q3 2018 earnings at $1.15 EPS, Q2 2019 earnings at $0.84 EPS and Q3 2019 earnings at $1.23 EPS.

American Electric Power (NYSE:AEP) last issued its earnings results on Thursday, October 26th. The utilities provider reported $1.10 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $1.16 by ($0.06). The firm had revenue of $4.10 billion during the quarter, compared to analyst estimates of $4.42 billion. American Electric Power had a net margin of 12.21% and a return on equity of 9.67%. The business’s quarterly revenue was down 12.8% on a year-over-year basis. During the same quarter in the prior year, the business earned $1.30 earnings per share. COPYRIGHT VIOLATION WARNING: This piece of content was originally posted by American Banking News and is the property of of American Banking News. If you are viewing this piece of content on another website, it was stolen and republished in violation of international copyright and trademark laws. The correct version of this piece of content can be read at https://www.americanbankingnews.com/2017/10/30/fy2017-eps-estimates-for-american-electric-power-company-inc-cut-by-suntrust-banks-aep.html.

A number of other equities research analysts have also recently weighed in on the stock. KeyCorp restated a “buy” rating and issued a $73.00 price objective on shares of American Electric Power in a report on Friday, September 1st. Royal Bank Of Canada restated a “hold” rating and issued a $71.00 price objective on shares of American Electric Power in a report on Monday, September 4th. Morgan Stanley restated an “equal weight” rating on shares of American Electric Power in a report on Friday, September 8th. Zacks Investment Research upgraded shares of American Electric Power from a “sell” rating to a “hold” rating in a report on Thursday, July 27th. Finally, BidaskClub upgraded shares of American Electric Power from a “hold” rating to a “buy” rating in a report on Tuesday, August 22nd. Ten analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. American Electric Power currently has an average rating of “Hold” and an average price target of $73.64.

Shares of American Electric Power (NYSE:AEP) opened at 74.02 on Monday. The firm has a market capitalization of $36.41 billion, a P/E ratio of 63.70 and a beta of 0.28. American Electric Power has a 52 week low of $57.89 and a 52 week high of $74.90. The stock has a 50 day moving average price of $72.41 and a 200 day moving average price of $70.82.

Several large investors have recently bought and sold shares of the company. Cable Hill Partners LLC grew its holdings in shares of American Electric Power by 25.4% during the third quarter. Cable Hill Partners LLC now owns 7,134 shares of the utilities provider’s stock valued at $501,000 after buying an additional 1,444 shares during the last quarter. Bollard Group LLC grew its holdings in shares of American Electric Power by 1.3% during the third quarter. Bollard Group LLC now owns 336,501 shares of the utilities provider’s stock valued at $23,636,000 after buying an additional 4,205 shares during the last quarter. Crossmark Global Holdings Inc. purchased a new stake in shares of American Electric Power during the third quarter valued at approximately $3,908,000. Segment Wealth Management LLC grew its holdings in shares of American Electric Power by 1.9% during the third quarter. Segment Wealth Management LLC now owns 45,237 shares of the utilities provider’s stock valued at $3,178,000 after buying an additional 853 shares during the last quarter. Finally, Calamos Advisors LLC grew its holdings in shares of American Electric Power by 3.8% during the third quarter. Calamos Advisors LLC now owns 72,503 shares of the utilities provider’s stock valued at $5,093,000 after buying an additional 2,656 shares during the last quarter. Hedge funds and other institutional investors own 71.84% of the company’s stock.

The company also recently declared a quarterly dividend, which will be paid on Friday, December 8th. Stockholders of record on Friday, November 10th will be issued a dividend of $0.62 per share. This is a boost from American Electric Power’s previous quarterly dividend of $0.59. The ex-dividend date of this dividend is Thursday, November 9th. This represents a $2.48 dividend on an annualized basis and a dividend yield of 3.35%. American Electric Power’s dividend payout ratio is presently 61.78%.

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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