Equities Analysts Set Expectations for American Electric Power Company, Inc.’s Q1 2021 Earnings (NASDAQ:AEP)


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American Electric Power Company, Inc. (NASDAQ:AEP) – Equities researchers at KeyCorp issued their Q1 2021 earnings per share (EPS) estimates for shares of American Electric Power in a report issued on Tuesday, January 12th. KeyCorp analyst S. Karp anticipates that the company will post earnings of $1.08 per share for the quarter. KeyCorp has a “Overweight” rating and a $97.00 price objective on the stock. KeyCorp also issued estimates for American Electric Power’s Q2 2021 earnings at $1.12 EPS.

American Electric Power (NASDAQ:AEP) last issued its quarterly earnings results on Thursday, October 22nd. The company reported $1.47 EPS for the quarter, beating analysts’ consensus estimates of $1.46 by $0.01. The company had revenue of $4.10 billion for the quarter, compared to analyst estimates of $4.47 billion. American Electric Power had a return on equity of 10.19% and a net margin of 12.82%.

A number of other research firms have also issued reports on AEP. Royal Bank of Canada lifted their target price on American Electric Power from $94.00 to $98.00 and gave the stock an “outperform” rating in a report on Monday, October 26th. BidaskClub cut American Electric Power from a “buy” rating to a “hold” rating in a research report on Friday, November 6th. Mizuho initiated coverage on American Electric Power in a research report on Monday, December 14th. They set a “buy” rating and a $84.00 price objective on the stock. Wolfe Research restated a “peer perform” rating on shares of American Electric Power in a research report on Monday, November 16th. Finally, Morgan Stanley lowered their price objective on American Electric Power from $108.00 to $101.00 and set an “overweight” rating on the stock in a research report on Tuesday, December 15th. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and ten have given a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and an average price target of $95.87.

Shares of AEP opened at $78.15 on Thursday. The firm has a market capitalization of $38.79 billion, a price-to-earnings ratio of 20.19, a price-to-earnings-growth ratio of 2.95 and a beta of 0.22. The company has a debt-to-equity ratio of 1.36, a quick ratio of 0.34 and a current ratio of 0.48. American Electric Power has a one year low of $65.14 and a one year high of $104.97. The stock’s fifty day moving average is $81.81 and its 200-day moving average is $86.22.

In related news, EVP Paul Chodak III sold 2,024 shares of the firm’s stock in a transaction dated Thursday, November 12th. The stock was sold at an average price of $90.67, for a total value of $183,516.08. Following the sale, the executive vice president now directly owns 6,580 shares of the company’s stock, valued at $596,608.60. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.16% of the stock is owned by company insiders.

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. ELM Advisors LLC acquired a new position in American Electric Power in the fourth quarter worth $25,000. Rockbridge Investment Management LCC bought a new stake in shares of American Electric Power in the 2nd quarter valued at approximately $31,000. Paces Ferry Wealth Advisors LLC bought a new stake in American Electric Power during the third quarter worth approximately $38,000. Old North State Trust LLC bought a new stake in American Electric Power during the third quarter worth approximately $51,000. Finally, Tortoise Investment Management LLC boosted its position in American Electric Power by 40.2% during the third quarter. Tortoise Investment Management LLC now owns 697 shares of the company’s stock worth $57,000 after purchasing an additional 200 shares during the period. 75.01% of the stock is currently owned by institutional investors.

American Electric Power Company Profile

American Electric Power Company, Inc, an electric public utility holding company, engages in the generation, transmission, and distribution of electricity for sale to retail and wholesale customers in the United States. It operates through Vertically Integrated Utilities, Transmission and Distribution Utilities, AEP Transmission Holdco, and Generation & Marketing segments.

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

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