Log in
E-mail
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
Settings
Settings
Dynamic quotes 
OFFON

4-Traders Homepage  >  Equities  >  Nyse  >  American Electric Power    AEP

Delayed Quote. Delayed  - 08/16 10:00:30 pm
72.02 USD   +0.70%
08/16 AMERICAN ELECTR : COTA Mourns the Loss of William J. Lhota
08/12 AMERICAN ELECTR : Anniversary
08/08 AMERICAN ELECTR : ex-dividend day
SummaryQuotesChartsNewsAnalysisCalendarCompanyFinancialsConsensusRevisions 
News SummaryMost relevantAll newsSector newsTweets

American Electric Power Company, Inc. : AEP 1Q Profit Rises On Strong Industrial Demand; View Uncertain

share with twitter share with LinkedIn share with facebook
share via e-mail
0
04/20/2012 | 01:45pm CEST

American Electric Power Inc.'s (AEP) first-quarter earnings rose 10%, helped by a continuing rise in demand from U.S. manufacturers.

"Our ongoing earnings for the quarter were in line with results from first-quarter last year despite record-setting mild winter weather in the regions that we serve," said Chief Executive Nicholas K. Akins. "We continue to see growth in industrial demand."

But for the year, the company didn't reaffirm its previous downbeat outlook of $3.05 to $3.25 a share, citing uncertainties related to its Ohio business. AEP had previously warned that this year's results would be weighed down by its operations in Ohio, as that state deregulates its electricity market and customers switch to other utilities. AEP plans to separate its Ohio business from the rest of its company.

AEP, one of the largest U.S. electric utilities, has seen growth in recent quarters, mostly from industrial demand, but the industry faces a considerable climb to pre-recession levels. Earlier this month, it said it would form a joint venture with Great Plains Energy Inc. (GXP) to build $466 million in transmission projects, in an effort to take advantage of an increasingly attractive market in shipping electricity from one part of the country to another.

American Electric Power reported a profit of $389 million, or 80 cents a share, up from $353 million, or 73 cents a share, a year earlier. Excluding previous-quarter litigation costs and other items, earnings from ongoing operations were down from 82 cents.

Revenue was down 2.7% to $3.6 billion

Analysts polled by Thomson Reuters recently forecast earnings of 79 cents on revenue of $3.73 billion.

Earnings from ongoing operations at its utilities segment were down 1.5% to $383 million.

Profit from transmission operations surged to $9 million, compared with $4 million a year earlier. Earnings from AEP River operations improved 29% to $9 million.

Its generating and marketing business, which includes non regulated power operations that sell electricity at market rates and its energy trading activities, swung to a loss of $1 million, compared with a profit of $1 million a year earlier.

Wholesale volume was down 2.6%. Retail electricity volume fell 5.1%.

Shares closed Thursday at $37.89 and were inactive premarket. The stock is down 8.3% so far this year.

 
   -By Kristin Jones; Dow Jones Newswires; 212-416-2208; kristin.jones@dowjones.com 

share with twitter share with LinkedIn share with facebook
share via e-mail
0
Latest news on AMERICAN ELECTRIC POWER
08/16 AMERICAN ELECTRIC POWER : Ky Power to Upgrade Regional Power Grid Starting With ..
08/16 AMERICAN ELECTRIC POWER : COTA Mourns the Loss of William J. Lhota
08/12 AMERICAN ELECTRIC POWER : Anniversary
08/10 AMERICAN ELECTRIC POWER : Rep. Johnson Issues Statement on American Electric Pow..
08/10 AMERICAN ELECTRIC POWER : Massie Named Manager of Big Sandy Power Plant
08/08 AMERICAN ELECTRIC POWER : ex-dividend day
08/03 AMERICAN ELECTRIC POWER : Trademark Application for "SEE GREEN" Filed
08/03 AMERICAN ELECTRIC POWER : Invenergy and GE Renewable Energy Announce America's L..
07/31 AMERICAN ELECTRIC POWER : Oklahoma To Be Home of Worlds Second Largest Wind Farm
07/28 AMERICAN ELECTRIC POWER : AEP Reports Second Quarter 2017 Earnings; Reaffirms Fu..
More news
News from SeekingAlpha
08/07 How To Plan For Retirement At 45 With Dividend Stocks
08/04 Stocks Going Ex-Dividend The Second Week Of August
07/27 American Electric Power (AEP) Q2 2017 Results - Earnings Call Transcript
07/27 American Electric Power Company Inc 2017 Q2 - Results - Earnings Call Slides
07/27 American Electric Power misses by $0.07, misses on revenue
Financials ($)
Sales 2017 15 368 M
EBIT 2017 3 343 M
Net income 2017 1 815 M
Debt 2017 19 312 M
Yield 2017 3,31%
P/E ratio 2017 19,47
P/E ratio 2018 18,53
EV / Sales 2017 3,56x
EV / Sales 2018 3,71x
Capitalization 35 422 M
Chart AMERICAN ELECTRIC POWER
Duration : Period :
American Electric Power Technical Analysis Chart | AEP | US0255371017 | 4-Traders
Technical analysis trends AMERICAN ELECTRIC POWER
Short TermMid-TermLong Term
TrendsBullishNeutralBullish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 19
Average target price 72,6 $
Spread / Average Target 0,75%
EPS Revisions
Managers
NameTitle
Nicholas K. Akins Chairman, President & Chief Executive Officer
Brian X. Tierney Chief Financial Officer & Executive Vice President
Alberto G. Ruocco Chief Information Officer & Vice President
Lionel L. Nowell Independent Director
Linda A. Goodspeed Independent Director
Sector and Competitors
1st jan.Capitalization (M$)
AMERICAN ELECTRIC POWER13.60%35 422
DUKE ENERGY CORP11.20%60 413
IBERDROLA11.81%51 871
DOMINION ENERGY INC1.71%50 276
SOUTHERN CO-0.47%48 964
EXELON CORPORATION6.62%36 608