The American Electric Power Company, Inc. (AEP) is expected to release its latest quarterly earnings on Monday, May 4th, with a consensus estimate of $1.53 earnings per share.
American Electric Power Company, Inc. (AEP) is currently priced at $135.93, marking an increase of 86.42 cents (0.64%) from the previous close. The trading volume stands at $619,093, representing an 18.3% deviation from the average.
In the latest quarterly earnings report released on Wednesday, February 11th, AEP reported earnings per share of 1.19, surpassing the consensus estimate of 1.15. The company continues to demonstrate strong performance in its earnings.
AEP offers a forward dividend yield of 2.8%, with a dividend per share of 95 cents in the most recent quarter. The company's total dividend per share over the last year stands at $3.76.
Wells Fargo recently upgraded AEP to an "Overweight" rating, maintaining its positive outlook on the company's performance.
AEP generated a free cash flow of $3.87 billion, with notable activities including debt repayment of $-1.50 billion and operating cash flow of $1.81 billion.
AEP reported a revenue of $5 billion, resulting in a net income of $582 million and earnings per share of $1.09. The company's profitability remains solid, with a gross profit of $459 million.
Key ratios for AEP include a net profit margin of 11.53%, return on equity of 1.87%, and a price to earnings ratio of 25.7, reflecting the company's financial health and performance.
The company's balance sheet highlights total assets of $117.25 billion, with total liabilities of $84.99 billion, showcasing a strong financial position.
This comprehensive overview provides insights into AEP's financial trajectory, highlighting its strong earnings performance, dividend distribution, and solid financial metrics.
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. The company generates electricity using coal and lignite, natural gas, nuclear, hydro, solar, wind, and other energy sources. It also supplies and markets electric power at wholesale to other electric utility companies, rural electric cooperatives, municipalities, and other market participants. American Electric Power Company, Inc. was incorporated in 1906 and is headquartered in Columbus, Ohio.