SunTrust Banks Weighs in on American Electric Power Company Inc’s Q4 2019 Earnings (AEP)

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American Electric Power Company Inc (NYSE:AEP) – Equities research analysts at SunTrust Banks reduced their Q4 2019 earnings per share estimates for American Electric Power in a research report issued on Thursday, November 15th, according to Zacks Investment Research. SunTrust Banks analyst A. Agha now expects that the utilities provider will post earnings per share of $0.73 for the quarter, down from their prior estimate of $0.96. SunTrust Banks also issued estimates for American Electric Power’s Q2 2020 earnings at $1.12 EPS.

A number of other equities research analysts have also issued reports on AEP. Guggenheim upgraded shares of American Electric Power from a “neutral” rating to a “buy” rating in a report on Monday, September 10th. They noted that the move was a valuation call. Zacks Investment Research lowered shares of American Electric Power from a “buy” rating to a “hold” rating in a report on Thursday, November 29th. Morgan Stanley set a $80.00 target price on shares of American Electric Power and gave the stock a “buy” rating in a report on Thursday, October 11th. Wells Fargo & Co increased their target price on shares of American Electric Power from $77.00 to $81.00 and gave the stock an “outperform” rating in a report on Monday, September 17th. Finally, ValuEngine upgraded shares of American Electric Power from a “hold” rating to a “buy” rating in a report on Wednesday, October 24th. Five analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company. The stock currently has an average rating of “Buy” and an average target price of $76.56.

NYSE:AEP opened at $78.42 on Monday. The company has a debt-to-equity ratio of 1.10, a current ratio of 0.56 and a quick ratio of 0.46. The company has a market cap of $38.33 billion, a P/E ratio of 21.31, a P/E/G ratio of 3.55 and a beta of 0.01. American Electric Power has a fifty-two week low of $62.71 and a fifty-two week high of $79.31.

American Electric Power (NYSE:AEP) last posted its quarterly earnings data on Thursday, October 25th. The utilities provider reported $1.26 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.21 by $0.05. The firm had revenue of $4.30 billion during the quarter, compared to analysts’ expectations of $4.26 billion. American Electric Power had a net margin of 12.14% and a return on equity of 10.78%. During the same quarter last year, the company posted $1.10 EPS.

The company also recently disclosed a quarterly dividend, which will be paid on Monday, December 10th. Stockholders of record on Friday, November 9th will be issued a $0.67 dividend. This represents a $2.68 dividend on an annualized basis and a dividend yield of 3.42%. This is a positive change from American Electric Power’s previous quarterly dividend of $0.62. The ex-dividend date of this dividend is Thursday, November 8th. American Electric Power’s dividend payout ratio (DPR) is presently 72.83%.

In other news, insider Lisa M. Barton sold 881 shares of the firm’s stock in a transaction on Tuesday, November 20th. The shares were sold at an average price of $77.55, for a total value of $68,321.55. Following the sale, the insider now directly owns 581 shares in the company, valued at approximately $45,056.55. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Paul Chodak III sold 847 shares of the firm’s stock in a transaction on Wednesday, November 14th. The shares were sold at an average price of $76.47, for a total transaction of $64,770.09. The disclosure for this sale can be found here. 0.16% of the stock is currently owned by company insiders.

Several institutional investors and hedge funds have recently made changes to their positions in the company. Xact Kapitalforvaltning AB grew its position in shares of American Electric Power by 3.5% in the 2nd quarter. Xact Kapitalforvaltning AB now owns 52,871 shares of the utilities provider’s stock valued at $3,661,000 after buying an additional 1,803 shares during the last quarter. Cornerstone Wealth Management LLC purchased a new position in shares of American Electric Power in the 2nd quarter valued at $2,464,000. Steward Partners Investment Advisory LLC grew its position in shares of American Electric Power by 135.7% in the 2nd quarter. Steward Partners Investment Advisory LLC now owns 11,505 shares of the utilities provider’s stock valued at $797,000 after buying an additional 6,624 shares during the last quarter. TIAA FSB grew its position in shares of American Electric Power by 10.0% in the 2nd quarter. TIAA FSB now owns 23,281 shares of the utilities provider’s stock valued at $1,612,000 after buying an additional 2,112 shares during the last quarter. Finally, Sumitomo Life Insurance Co. grew its position in shares of American Electric Power by 11.2% in the 2nd quarter. Sumitomo Life Insurance Co. now owns 38,490 shares of the utilities provider’s stock valued at $2,665,000 after buying an additional 3,892 shares during the last quarter. Institutional investors and hedge funds own 72.72% of the company’s stock.

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. The company generates electricity using coal and lignite, natural gas, nuclear, hydroelectric, solar, wind, and other energy sources.

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