American Electric Power Company, Inc. (NASDAQ:AEP) Increases Dividend to $0.95 Per Share

American Electric Power Company, Inc. (NASDAQ:AEP) declared a quarterly dividend on Wednesday, October 22nd. Shareholders of record on Monday, November 10th will be given a dividend of 0.95 per share on Wednesday, December 10th. This represents a c) dividend on an annualized basis and a yield of 3.2%. The ex-dividend date of this dividend is Monday, November 10th. This is a 2.2% increase from American Electric Power’s previous quarterly dividend of $0.93.

American Electric Power has a payout ratio of 59.1% meaning its dividend is sufficiently covered by earnings. Equities analysts expect American Electric Power to earn $6.29 per share next year, which means the company should continue to be able to cover its $3.72 annual dividend with an expected future payout ratio of 59.1%.

American Electric Power Trading Down 0.1%

NASDAQ AEP opened at $117.27 on Thursday. The company has a debt-to-equity ratio of 1.33, a quick ratio of 0.41 and a current ratio of 0.55. The company has a market capitalization of $62.71 billion, a price-to-earnings ratio of 17.14, a price-to-earnings-growth ratio of 3.10 and a beta of 0.48. The company’s 50-day simple moving average is $112.17 and its two-hundred day simple moving average is $107.72. American Electric Power has a one year low of $89.91 and a one year high of $120.46.

American Electric Power (NASDAQ:AEP) last posted its earnings results on Wednesday, July 30th. The company reported $1.43 EPS for the quarter, beating analysts’ consensus estimates of $1.27 by $0.16. The business had revenue of $5.09 billion for the quarter, compared to the consensus estimate of $4.85 billion. American Electric Power had a net margin of 17.68% and a return on equity of 11.55%. The company’s revenue for the quarter was up 11.1% on a year-over-year basis. During the same quarter last year, the firm posted $1.25 EPS. American Electric Power has set its FY 2025 guidance at 6.570-6.770 EPS. Equities analysts forecast that American Electric Power will post 5.87 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of research analysts have commented on the stock. Mizuho cut their target price on shares of American Electric Power from $116.00 to $113.00 and set a “neutral” rating on the stock in a research report on Tuesday, September 16th. TD Cowen began coverage on shares of American Electric Power in a research report on Thursday, October 16th. They issued a “buy” rating and a $133.00 price objective on the stock. Evercore ISI began coverage on shares of American Electric Power in a research report on Monday, October 6th. They issued an “outperform” rating and a $133.00 price objective on the stock. The Goldman Sachs Group lifted their price objective on shares of American Electric Power from $125.00 to $128.00 and gave the stock a “buy” rating in a research report on Tuesday, October 14th. Finally, Weiss Ratings reaffirmed a “buy (b)” rating on shares of American Electric Power in a research report on Wednesday, October 8th. Ten research analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $119.74.

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.