FY2028 Earnings Forecast for AEP Issued By Seaport Res Ptn

American Electric Power Company, Inc. (NASDAQ:AEP) – Research analysts at Seaport Res Ptn upped their FY2028 EPS estimates for shares of American Electric Power in a note issued to investors on Tuesday, October 28th. Seaport Res Ptn analyst A. Storozynski now forecasts that the company will post earnings of $7.15 per share for the year, up from their previous forecast of $7.05. The consensus estimate for American Electric Power’s current full-year earnings is $5.87 per share.

Several other research analysts have also commented on AEP. TD Cowen assumed coverage on shares of American Electric Power in a report on Thursday, October 16th. They issued a “buy” rating and a $133.00 price target on the stock. LADENBURG THALM/SH SH reduced their target price on shares of American Electric Power from $112.00 to $108.50 and set a “neutral” rating on the stock in a report on Wednesday, September 10th. Barclays lifted their target price on shares of American Electric Power from $111.00 to $117.00 and gave the company an “equal weight” rating in a report on Tuesday, October 14th. Mizuho lifted their target price on shares of American Electric Power from $113.00 to $123.00 and gave the company a “neutral” rating in a report on Thursday. Finally, Jefferies Financial Group raised their price objective on American Electric Power from $116.00 to $128.00 and gave the company a “hold” rating in a research report on Thursday, October 16th. One analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating, nine have given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $122.44.

American Electric Power Stock Performance

American Electric Power stock opened at $121.89 on Thursday. The stock’s 50-day moving average is $112.82 and its 200-day moving average is $108.41. The company has a market cap of $65.19 billion, a price-to-earnings ratio of 17.77, a price-to-earnings-growth ratio of 3.22 and a beta of 0.48. The company has a debt-to-equity ratio of 1.33, a current ratio of 0.55 and a quick ratio of 0.41. American Electric Power has a 12 month low of $89.91 and a 12 month high of $122.85.

American Electric Power (NASDAQ:AEP) last issued its earnings results on Wednesday, October 29th. The company reported $1.80 earnings per share for the quarter, missing the consensus estimate of $1.81 by ($0.01). The firm had revenue of $6.01 billion during the quarter, compared to analysts’ expectations of $5.65 billion. American Electric Power had a return on equity of 11.29% and a net margin of 17.23%.The company’s quarterly revenue was up 10.9% compared to the same quarter last year. During the same period last year, the business posted $1.85 earnings per share. American Electric Power has set its FY 2025 guidance at 5.850-5.95 EPS.

American Electric Power Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, December 10th. Investors of record on Monday, November 10th will be paid a $0.95 dividend. This represents a $3.80 annualized dividend and a dividend yield of 3.1%. This is a positive change from American Electric Power’s previous quarterly dividend of $0.93. The ex-dividend date is Monday, November 10th. American Electric Power’s payout ratio is presently 54.39%.

Insider Activity

In other American Electric Power news, Director Benjamin G. S. Fowke III sold 5,000 shares of the company’s stock in a transaction that occurred on Friday, September 12th. The stock was sold at an average price of $108.65, for a total value of $543,250.00. Following the transaction, the director directly owned 40,898 shares of the company’s stock, valued at $4,443,567.70. This represents a 10.89% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, EVP Kelly J. Ferneau sold 1,006 shares of the company’s stock in a transaction on Thursday, October 2nd. The shares were sold at an average price of $112.00, for a total transaction of $112,672.00. Following the completion of the sale, the executive vice president directly owned 5,676 shares in the company, valued at $635,712. This represents a 15.06% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last quarter, insiders sold 11,006 shares of company stock worth $1,243,522. Insiders own 0.07% of the company’s stock.

Institutional Investors Weigh In On American Electric Power

Institutional investors have recently modified their holdings of the stock. Venture Visionary Partners LLC raised its stake in American Electric Power by 7.3% during the second quarter. Venture Visionary Partners LLC now owns 68,233 shares of the company’s stock worth $7,080,000 after acquiring an additional 4,616 shares during the period. SteelPeak Wealth LLC bought a new position in American Electric Power in the second quarter worth about $7,722,000. TrueMark Investments LLC lifted its holdings in American Electric Power by 8.6% in the second quarter. TrueMark Investments LLC now owns 50,975 shares of the company’s stock worth $5,289,000 after acquiring an additional 4,028 shares during the last quarter. Vigilare Wealth Management acquired a new stake in shares of American Electric Power during the 2nd quarter worth approximately $556,000. Finally, Mainstay Capital Management LLC ADV lifted its holdings in shares of American Electric Power by 103.7% in the 2nd quarter. Mainstay Capital Management LLC ADV now owns 31,338 shares of the company’s stock worth $3,252,000 after purchasing an additional 15,954 shares during the last quarter. Institutional investors and hedge funds own 75.24% of the company’s stock.

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.