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Company Update: American Electric Power Co Inc (NYSE:AEP) – AEP Names Julie Sloat President And COO Of AEP Ohio

[PR Newswire] – COLUMBUS, Ohio, April 11, 2016 /PRNewswire/ — American Electric Power (AEP) has named Julie A. Sloat president and chief operating officer of its AEP Ohio utility unit, effective May 2. Sloat currently is AEP’s senior vice president and treasurer. Sloat, 47, will have responsibility for all aspects of electric service for AEP Ohio’s 1.5 million customers. Read more on this. American Electric Power Co., Inc. (AEP) , valued at $32.38B, started the session at $66.05. Looking at today’s trading action, the company’s one day range from $65.76 to $66.48 with its 52-week range being $52.29 to $67.19. American Electric Power (AEP) shares are currently priced at 17.70x this year’s forecasted earnings, which makes them relatively expensive compared to the industry’s 16.76x earnings multiple for the same period. The company pays shareholders $2.24 per share in dividend income per year, for a current yield of 3.39%. In a review of the consensus earnings estimate this quarter, 12 sell-side analysts are looking at $1.16 per share, which would be $0.12 worse than the year-ago quarter and a $0.00 sequential decrease. What we find to be interesting is that the full-year EPS estimate of $3.70 is a $0.01 better when compared to the previous year’s annual results. The quarterly earnings estimate is based on a consensus revenue forecast of the current quarter of $4.56 Billion. If realized, that would be a 2.98% decrease over the year-ago quarter. In terms of ratings, Credit Suisse downgraded AEP from Outperform to Neutral (Oct 23, 2015). Previously, Citigroup Initiated AEP at to Neutral. The average price target for AEP shares by the analysts covering the stock is $66.39, which is 0.51% above where the stock opened this morning. See more in (NYSE:AEP) Similar Articles: Company Update: American Electric Power Co Inc (NYSE:AEP) – AEP Ohio Moving Forward On Power Purchase Agreement Company Update: American Electric Power Co Inc (NYSE:AEP) – American Electric Power Declares Quarterly Dividend on Common Stock Market Update (NYSE:AEP): AEP Names Joel Gebbie to Lead Cook Nuclear Plant
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