American Electric Power (AEP) Announces Quarterly Earnings, Hits Estimates
American Electric Power (AEP) released its earnings data on Friday. The company reported $0.80 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.80. The company’s revenue for the quarter was down 2.7% on a year-over-year basis.
A number of research firms have also recently commented on AEP. Analysts at JPMorgan Chase (NYSE: JPM) raised their price target on shares of American Electric Power from $41.00 to $42.00 in a research note to investors on Friday, April 27th. They now have a “neutral” rating on the stock. On the ratings front, analysts at Zacks reiterated a “neutral” rating on shares of American Electric Power in a research note to investors on Monday, April 23rd. They now have a $40.00 price target on the stock.
Shares of American Electric Power (AEP) traded up 0.66% during mid-day trading on Friday, hitting $38.23. American Electric Power (AEP) has a one year low of $33.09 and a one year high of $41.98. The company has a market cap of $18.516 billion and a P/E ratio of 9.28.
American Electric Power Company, Inc. (AEP) is a holding company. The Company’s public utility subsidiaries include Appalachian Power Company (APCo), Columbus Southern Power Company (CSPCo), Indiana Michigan Power Company (I&M), Kentucky Power Company (KPCo), Kingsport Power Company (KgPCo), Ohio Power Company (OPCo), Public Service Company of Oklahoma (PSO), Southwestern Electric Power Company (SWEPCo), AEP Texas Central Company (TCC), AEP Texas North Company (TNC), Wheeling Power Company (WPCo) and AEP Generating Company (AEGCo).