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American Electric narrows FY23 EPS view to $5.24-$5.34 from $5.19-$5.39

Consensus $5.26. The company said, “We are narrowing our operating earnings guidance range to $5.24 to $5.34, maintaining the midpoint of $5.29 and reaffirming our long-term growth rate of 6% to 7% and FFO/Debt target of 14%-15%. On Oct. 24, we announced an increase in our quarterly dividend to 88 cents a share, in line with our earnings growth rate.”

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