American Electric Power Company, Inc. to Issue Quarterly Dividend of $0.95 (NASDAQ:AEP)

American Electric Power Company, Inc. (NASDAQ:AEP) announced a quarterly dividend on Monday, July 20th. Investors of record on Monday, August 10th will be paid a dividend of 0.95 per share on Thursday, September 10th. This represents a c) annualized dividend and a yield of 2.9%. The ex-dividend date is Monday, August 10th.

American Electric Power has raised its dividend payment by an average of 0.1%annually over the last three years and has raised its dividend every year for the last 15 years. American Electric Power has a payout ratio of 60.4% meaning its dividend is sufficiently covered by earnings. Equities research analysts expect American Electric Power to earn $6.86 per share next year, which means the company should continue to be able to cover its $3.80 annual dividend with an expected future payout ratio of 55.4%.

American Electric Power Stock Performance

AEP opened at $131.05 on Tuesday. The business has a 50 day moving average price of $131.29 and a two-hundred day moving average price of $128.81. The company has a debt-to-equity ratio of 1.42, a current ratio of 0.53 and a quick ratio of 0.39. The company has a market capitalization of $71.30 billion, a price-to-earnings ratio of 19.24, a price-to-earnings-growth ratio of 2.42 and a beta of 0.52. American Electric Power has a 1-year low of $105.70 and a 1-year high of $140.58.

American Electric Power (NASDAQ:AEP) last issued its quarterly earnings results on Tuesday, May 5th. The company reported $1.64 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.57 by $0.07. American Electric Power had a return on equity of 10.21% and a net margin of 16.29%.The company had revenue of $6.02 billion for the quarter, compared to analysts’ expectations of $5.72 billion. During the same period last year, the firm earned $1.54 EPS. The firm’s revenue for the quarter was up 10.2% on a year-over-year basis. American Electric Power has set its FY 2026 guidance at 6.120-6.420 EPS. Research analysts predict that American Electric Power will post 6.35 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

AEP has been the topic of a number of research analyst reports. LADENBURG THALM/SH SH lowered their target price on American Electric Power from $148.00 to $143.00 and set a “buy” rating on the stock in a report on Thursday, June 18th. Scotiabank raised their price objective on shares of American Electric Power from $131.00 to $140.00 and gave the company a “sector perform” rating in a research report on Wednesday, May 6th. JPMorgan Chase & Co. reduced their price objective on shares of American Electric Power from $141.00 to $140.00 and set a “neutral” rating for the company in a research report on Friday, May 15th. Citigroup lifted their price objective on shares of American Electric Power from $132.00 to $148.00 and gave the stock a “neutral” rating in a research note on Wednesday, May 6th. Finally, Mizuho boosted their target price on shares of American Electric Power from $130.00 to $141.00 and gave the stock a “neutral” rating in a report on Wednesday, May 6th. Thirteen analysts have rated the stock with a Buy rating and nine have assigned a Hold rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $141.52.

American Electric Power Company Profile

American Electric Power (NASDAQ: AEP) is a major investor-owned electric utility headquartered in Columbus, Ohio. The company is primarily engaged in the generation, transmission and distribution of electricity, operating a diverse portfolio of power plants and an extensive high-voltage transmission network. AEP serves retail customers through its regulated utility subsidiaries and provides wholesale power and grid services across multiple regional markets in the United States.

Operations span the full utility value chain: AEP owns and operates generation assets that include fossil-fuel, natural gas, nuclear and hydropower facilities, and it has been adding renewable resources to its mix.