Crispr Therapeutics shares tumble after significant earnings miss
Investing.com - BMO Capital has raised its price target on American Electric Power (NASDAQ:AEP) to $121.00 from $118.00 while maintaining an Outperform rating. The utility giant, currently valued at $60.5 billion, has seen its stock surge 25% year-to-date, trading near its 52-week high of $114.23. According to InvestingPro analysis, the stock appears overvalued at current levels.
The utility company reported quarterly earnings of $1.43 per share, exceeding both BMO’s estimate of $1.25 and the consensus forecast of $1.27, despite including tax-timing benefits.
American Electric Power management indicated it expects full-year 2025 results to finish in the upper half of its guidance range of $5.75-$5.95 per share.
The company also previewed its upcoming third-quarter five-year capital plan, which totals approximately $70 billion, representing a $16 billion increase in capital expenditures. This expansion will be funded by 30-40% growth equity, with potential use of hybrid securities and growing operating cash flow.
BMO Capital noted that while the capital increase announcement came earlier than expected, investor focus remains primarily on the ultimate funding mixture for these expenditures.
In other recent news, American Electric Power Company Inc (AEP) reported its second-quarter earnings for 2025, surpassing expectations. The company achieved an earnings per share (EPS) of $1.43, significantly beating the forecasted $1.22. Revenue also exceeded projections, reaching $5.09 billion compared to the anticipated $4.9 billion. These results highlight AEP’s strong financial performance in the recent quarter. Investors have shown optimism following the earnings announcement. Analyst firms may continue to monitor AEP’s financial health and performance closely. These developments are part of AEP’s recent activities and financial disclosures.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.