What is Scotiabank’s Estimate for AEP FY2024 Earnings?

American Electric Power Company, Inc. (NASDAQ:AEP) – Investment analysts at Scotiabank issued their FY2024 EPS estimates for shares of American Electric Power in a report released on Wednesday, January 8th. Scotiabank analyst A. Weisel forecasts that the company will post earnings of $5.61 per share for the year. Scotiabank has a “Sector Perform” rating and a $102.00 price objective on the stock. The consensus estimate for American Electric Power’s current full-year earnings is $5.62 per share. Scotiabank also issued estimates for American Electric Power’s FY2025 earnings at $5.80 EPS.

A number of other equities analysts also recently issued reports on the company. UBS Group lifted their price target on American Electric Power from $91.00 to $95.00 and gave the company a “sell” rating in a research note on Thursday, November 7th. Barclays decreased their price target on American Electric Power from $100.00 to $99.00 and set an “equal weight” rating for the company in a report on Tuesday, November 26th. Jefferies Financial Group began coverage on American Electric Power in a research note on Friday, September 20th. They set a “hold” rating and a $107.00 price objective on the stock. Evercore ISI reduced their target price on shares of American Electric Power from $97.00 to $96.00 and set an “in-line” rating for the company in a research note on Thursday, November 7th. Finally, BMO Capital Markets raised their price target on shares of American Electric Power from $104.00 to $108.00 and gave the company an “outperform” rating in a research report on Monday, December 2nd. Two equities research analysts have rated the stock with a sell rating, ten have given a hold rating and four have given a buy rating to the company. According to MarketBeat, American Electric Power currently has a consensus rating of “Hold” and an average target price of $97.13.

American Electric Power Stock Up 2.0 %

Shares of NASDAQ AEP opened at $92.26 on Friday. The company has a debt-to-equity ratio of 1.47, a current ratio of 0.57 and a quick ratio of 0.41. American Electric Power has a 1 year low of $75.22 and a 1 year high of $105.18. The stock has a market capitalization of $49.09 billion, a P/E ratio of 18.49, a P/E/G ratio of 2.70 and a beta of 0.56. The company has a 50-day moving average price of $94.79 and a 200-day moving average price of $96.52.

American Electric Power Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, December 10th. Investors of record on Friday, November 8th were issued a $0.93 dividend. This represents a $3.72 dividend on an annualized basis and a dividend yield of 4.03%. The ex-dividend date was Friday, November 8th. This is a boost from American Electric Power’s previous quarterly dividend of $0.88. American Electric Power’s payout ratio is 74.55%.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in AEP. First Hawaiian Bank lifted its holdings in American Electric Power by 35.9% during the fourth quarter. First Hawaiian Bank now owns 20,171 shares of the company’s stock valued at $1,860,000 after purchasing an additional 5,324 shares during the last quarter. Peoples Bank KS lifted its stake in shares of American Electric Power by 14.8% during the 4th quarter. Peoples Bank KS now owns 3,887 shares of the company’s stock valued at $358,000 after buying an additional 500 shares in the last quarter. Diversified Trust Co boosted its holdings in American Electric Power by 8.5% in the 4th quarter. Diversified Trust Co now owns 6,103 shares of the company’s stock worth $563,000 after buying an additional 478 shares during the period. CWA Asset Management Group LLC grew its stake in American Electric Power by 24.7% in the 4th quarter. CWA Asset Management Group LLC now owns 14,684 shares of the company’s stock valued at $1,354,000 after buying an additional 2,909 shares in the last quarter. Finally, Centre Asset Management LLC raised its holdings in American Electric Power by 7.7% during the 4th quarter. Centre Asset Management LLC now owns 3,721 shares of the company’s stock valued at $343,000 after acquiring an additional 267 shares during the period. Institutional investors 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.