American Electric Power Company, Inc. (AEP) To Go Ex-Dividend on February 10th

American Electric Power Company, Inc. (NASDAQ:AEP) announced a quarterly dividend on Tuesday, January 21st,RTT News reports. Shareholders of record on Monday, February 10th will be paid a dividend of 0.93 per share on Monday, March 10th. This represents a $3.72 annualized dividend and a yield of 3.82%. The ex-dividend date is Monday, February 10th.

American Electric Power has increased its dividend payment by an average of 6.0% per year over the last three years and has raised its dividend annually for the last 15 consecutive years. American Electric Power has a payout ratio of 59.0% meaning its dividend is sufficiently covered by earnings. Equities analysts expect American Electric Power to earn $5.86 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 63.5%.

American Electric Power Trading Down 0.3 %

Shares of AEP stock opened at $97.49 on Thursday. The company has a current ratio of 0.57, a quick ratio of 0.41 and a debt-to-equity ratio of 1.47. The stock has a market capitalization of $51.88 billion, a price-to-earnings ratio of 19.54, a price-to-earnings-growth ratio of 2.76 and a beta of 0.56. American Electric Power has a 12-month low of $75.22 and a 12-month high of $105.18. The stock’s 50-day moving average price is $94.76 and its 200-day moving average price is $97.11.

Analyst Ratings Changes

A number of equities research analysts recently issued reports on AEP shares. Evercore ISI decreased their price target on shares of American Electric Power from $97.00 to $96.00 and set an “in-line” rating on the stock in a research note on Thursday, November 7th. Bank of America upgraded American Electric Power from an “underperform” rating to a “buy” rating and raised their price target for the stock from $98.00 to $104.00 in a research report on Monday, January 13th. Wells Fargo & Company cut their price objective on shares of American Electric Power from $104.00 to $102.00 and set an “equal weight” rating on the stock in a research report on Thursday, November 7th. BMO Capital Markets lowered their target price on shares of American Electric Power from $108.00 to $100.00 and set an “outperform” rating for the company in a report on Friday, January 10th. Finally, JPMorgan Chase & Co. reaffirmed a “neutral” rating and set a $102.00 price target (down from $109.00) on shares of American Electric Power in a research note on Thursday, December 12th. One equities research analyst has rated the stock with a sell rating, nine have given a hold rating and five have given a buy rating to the stock. According to MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $98.00.

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.