American Electric Power(AEP)

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American Electric Power: EPS Up 31% In 2024 Earnings
Seeking Alpha· 2025-04-07 18:43
Group 1 - American Electric Power (AEP) has a long history in the American electric power industry, operating for over a hundred years and managing one of the largest power grids [1] - The company is involved in various sectors including private banking, corporate finance, and strategic advisory, showcasing a diverse professional background [1] - AEP aims to provide tailored investment solutions and insights into high-growth technology equities, undervalued blue-chip stocks, and niche market opportunities [1]
I&M is Future Ready with Plans to Enhance Diverse Energy Mix
Prnewswire· 2025-04-01 14:45
FORT WAYNE, Ind., April 1, 2025 /PRNewswire/ -- Indiana Michigan Power (I&M), an American Electric Power (Nasdaq: AEP) company, recently submitted its 2024 Integrated Resource Plan (IRP) to the Indiana Utility Regulatory Commission (IURC). I&M's plan outlines the transformation the company is undergoing to meet the evolving energy needs of customers while maintaining reliable and consistent power. The Future Ready Plan supports a resilient grid using a diverse portfolio of generation resources, energy effic ...
AEP Names Puesh Kumar Vice President of National Security and Resilience
Prnewswire· 2025-03-26 16:30
COLUMBUS, Ohio, March 26, 2025 /PRNewswire/ -- American Electric Power (Nasdaq: AEP) has named Puesh M. Kumar vice president of National Security and Resilience, effective April 9. Kumar will report to Emily Duncan, senior vice president of Federal Affairs, and will be based in the company's Washington, D.C. office. Kumar will be responsible for leading AEP's engagement with federal agencies, state, local, territorial, and tribal (SLTT) communities, and other industry partners on national security, cybersec ...
AEP Announces Pricing of Common Stock Offering with a Forward Component
Prnewswire· 2025-03-25 03:05
Core Viewpoint - American Electric Power (AEP) has announced a registered underwritten offering of 19,607,844 shares of its common stock at a public price of $102.00 per share, with the offering expected to be facilitated through forward sale agreements with Citibank and Barclays [1][2]. Group 1: Offering Details - The offering includes a 30-day option for underwriters to purchase an additional 2,941,176 shares under the same terms [2]. - Settlement of the forward sale agreements is anticipated to occur on or before December 31, 2026, with AEP having the option for cash or net share settlement [3]. Group 2: Use of Proceeds - AEP plans to use the net proceeds from the offering for general corporate purposes, which may include capital contributions to utility subsidiaries, acquisitions, and/or debt repayment [3]. Group 3: Company Overview - AEP is investing $54 billion from 2025 through 2029 to enhance service and support growing energy needs, operating the largest electric transmission system in the U.S. with 40,000 line miles and over 225,000 miles of distribution lines [5]. - The company serves 5.6 million customers across 11 states and has a generating capacity of approximately 29,000 megawatts [5].
AEP Announces Public Offering of Common Stock with a Forward Component
Prnewswire· 2025-03-24 20:19
COLUMBUS, Ohio, March 24, 2025 /PRNewswire/ -- American Electric Power (Nasdaq: AEP) today announced the commencement of a registered underwritten offering of $2,000,000,000 of shares of its common stock. Subject to certain conditions, all shares are expected to be borrowed by the forward counterparties (as defined below) (or their respective affiliates) from third parties and sold to the underwriters and offered in connection with the forward sale agreements described below. Citigroup and Barclays are acti ...
Statement Regarding the FERC Complaint and Press Release Issued by the Kentucky Attorney General and Public Service Commission
Prnewswire· 2025-03-13 12:45
ASHLAND, Ky., March 13, 2025 /PRNewswire/ -- Kentucky Power President Cindy Wiseman issued the following statement in response to the complaint filed by Kentucky's Attorney General and the Public Service Commission with the Federal Energy Regulatory Commission March 12 and the associated news release: "Kentucky Power strongly disagrees with the claims made by the Attorney General and PSC and has demonstrated in previous commission proceedings that our customers benefit from transmission investments in Kentu ...
Top 4 Wind Energy Stocks to Consider Buoyed by Solid Market Trends
ZACKS· 2025-03-07 14:40
Industry Overview - The transition from fossil fuels to renewable energy is accelerating, with wind power emerging as a significant contributor to the clean energy shift in the U.S. [1] - Wind power capacity in the U.S. has increased from 2.4 gigawatts (GW) in 2000 to 154.6 GW in 2024, with a year-over-year output growth of 6.4% [2] - Wind energy accounted for 10% of total U.S. utility-scale electricity generation in 2024, surpassing coal-fired generation for the first time in history during March and April 2024 [2] Growth Projections - The U.S. wind generation is expected to grow by 4.5% year over year in 2025, with an addition of 7.7 GW of wind capacity anticipated [3] - The global wind energy market was valued at $95.55 billion in 2024 and is projected to reach $190.39 billion by 2032, reflecting a compound annual growth rate (CAGR) of 9% [4] Key Companies - OGE Energy Corp. is the largest electric utility in Oklahoma, focusing on expanding its renewable generation assets, owning several wind farms totaling 449 megawatts (MW) [7] - NextEra Energy, through its subsidiary NEER, is the world's leading generator of renewable energy from wind, with a total generating capacity of approximately 26,335 MW as of December 2024 [10][11] - American Electric Power Company has increased its renewable generation portfolio, with wind, hydro, and solar energy representing 21% of its capacity by the end of 2024, up from 4% in 2005 [13] - DTE Energy plans to invest over $11 billion in clean energy transition over the next decade, aiming to add 1,000 MW of new wind and solar energy annually [16] Strategic Initiatives - OGE Energy is implementing programs to enhance renewable energy availability for customers, aiming to reduce carbon emissions significantly [8][9] - NextEra Energy is expanding its renewable portfolio with new projects planned across the U.S. from 2024 to 2027 [12] - American Electric Power's recent acquisitions and regulatory approvals are set to enhance its renewable generation capabilities [15] - DTE Energy's MIGreen Power program allows customers to voluntarily source energy from renewables, supporting the development of new projects [17][18]
Bet on These 5 Stocks With Robust Sales Growth for Exceptional Returns
ZACKS· 2025-03-06 13:50
Markets started 2025 on a strong note, but volatility has since taken hold. Earlier this week, the introduction of new tariffs on Canada, China and Mexico triggered a sharp selloff, and all three major indexes tanked, erasing the S&P 500’s post-Election Day gains. Although markets rebounded yesterday, concerns over the economic impact of these tariffs—along with potential retaliatory measures—are likely to keep investor sentiment cautious.Against such a backdrop, the conventional method of selecting stocks ...
3 Dirt Cheap Dividend-Paying Value Stocks to Buy Now
The Motley Fool· 2025-03-06 10:45
Group 1: American Electric Power (AEP) - American Electric Power has a forward dividend yield of 3.5% and has paid dividends every quarter since 1910, making it attractive for dividend-seeking investors [3][5] - The company serves approximately 5.6 million customers across 11 states and has a diverse power generation capacity of 28 gigawatts, including coal, natural gas, nuclear, and renewable energy [4] - Management expects to generate $41.5 billion in operating cash from 2025 to 2029, with $11.1 billion allocated for dividends, indicating strong cash flow management [6] Group 2: Owens Corning - Owens Corning trades at 10 times trailing earnings and has returned $638 million of its $1.25 billion in free cash flow to investors through buybacks and dividends, with a current yield of 1.7% [7] - The company is exposed to the North American residential housing market, which has faced challenges due to high market interest rates affecting mortgage rates [8] - Owens Corning acquired Masonite for $3.9 billion to enhance its position in the residential market and is selling its non-core glass fiber reinforcement business for $755 million to focus on building materials [9][10] Group 3: ConocoPhillips - ConocoPhillips is the most valuable U.S.-based exploration and production company, with expected production of 2.34 to 2.38 million barrels of oil equivalent per day in 2025 [11] - The company plans to increase capital expenditures to the highest level in 10 years to develop its asset base and fund long-term projects, including significant investments in Qatar and Alaska [13] - ConocoPhillips generated $8 billion in free cash flow in 2024, with a dividend yield of 3.1%, making it a solid choice for passive income investors [14][16]
AEP Recognized as One of America's Best Large Employers
Prnewswire· 2025-03-03 17:33
Group 1 - American Electric Power (AEP) was recognized on Forbes magazine's America's Best Large Employers 2025 list, ranking seventh in the utilities category [1][2] - The recognition reflects AEP's commitment to empowering employees and creating a supportive work environment [2] - The list was compiled based on an independent survey of over 217,000 workers in the U.S. employed by companies with at least 1,000 employees, evaluating criteria such as salary, work environment, advancement opportunities, and likelihood of recommending the employer [2] Group 2 - AEP is investing $54 billion from 2025 to 2029 to enhance service and support the growing energy needs of communities [3] - The company operates the largest electric transmission system in the U.S. with 40,000 line miles and over 225,000 miles of distribution lines, serving 5.6 million customers across 11 states [3] - AEP has a diverse generating capacity of approximately 29,000 megawatts and focuses on safety, operational excellence, and economic development [3]