American Electric Power (NASDAQ:AEP) Announces Quarterly Earnings Results, Meets Estimates

American Electric Power (NASDAQ:AEP) announced its quarterly earnings results on Thursday. The company reported $1.24 earnings per share for the quarter, meeting the consensus estimate of $1.24, Zacks reports. American Electric Power had a return on equity of 11.41% and a net margin of 13.48%. During the same quarter in the previous year, the company earned $1.23 earnings per share. American Electric Power updated its FY 2025 guidance to 5.750-5.950 EPS.

American Electric Power Price Performance

Shares of AEP traded down $1.50 during trading hours on Thursday, hitting $100.86. 1,593,677 shares of the stock were exchanged, compared to its average volume of 3,241,096. The company has a debt-to-equity ratio of 1.47, a quick ratio of 0.41 and a current ratio of 0.57. American Electric Power has a 12-month low of $78.07 and a 12-month high of $105.18. The company has a market cap of $53.67 billion, a price-to-earnings ratio of 20.18, a price-to-earnings-growth ratio of 2.84 and a beta of 0.58. The stock’s 50-day moving average price is $95.38 and its two-hundred day moving average price is $97.90.

American Electric Power Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, March 10th. Investors of record on Monday, February 10th will be given a dividend of $0.93 per share. This represents a $3.72 annualized dividend and a dividend yield of 3.69%. The ex-dividend date is Monday, February 10th. American Electric Power’s payout ratio is 74.55%.

Wall Street Analyst Weigh In

Several research analysts recently weighed in on AEP shares. Bank of America upgraded American Electric Power from an “underperform” rating to a “buy” rating and lifted their price target for the company from $98.00 to $104.00 in a research report on Monday, January 13th. BMO Capital Markets reduced their price target on American Electric Power from $108.00 to $100.00 and set an “outperform” rating for the company in a research report on Friday, January 10th. Barclays reduced their price target on American Electric Power from $100.00 to $99.00 and set an “equal weight” rating for the company in a research report on Tuesday, November 26th. Evercore ISI cut their price objective on American Electric Power from $97.00 to $96.00 and set an “in-line” rating for the company in a research report on Thursday, November 7th. Finally, JPMorgan Chase & Co. restated a “neutral” rating and issued a $102.00 price objective (down from $109.00) on shares of American Electric Power in a research report on Thursday, December 12th. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating and six have issued a buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $98.00.

About American Electric Power

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.