Core Viewpoint - American Electric Power Company, Inc (AEP) is expected to report its third-quarter 2024 results on November 6, with a consensus estimate for revenues at $5.39 billion, indicating a 1.8% year-over-year growth, and earnings per share estimated at $1.78, reflecting a 0.6% increase from the previous year [1][5][6]. Factors Influencing AEP's Q3 Earnings - Warmer-than-normal weather conditions in AEP's service territories likely increased electricity demand for cooling, contributing positively to revenue [2]. - Favorable rate revisions, solid transmission revenues, and increased customer volumes are expected to have further supported AEP's quarterly performance [3]. - Adverse weather events, including heavy rainfall, flooding, tornadoes, Hurricane Beryl, and windstorm Derecho, may have disrupted services and caused outages, potentially impacting overall revenues [4]. Financial Expectations - The Zacks Consensus Estimate for AEP's third-quarter revenues is $5.39 billion, suggesting a 1.8% growth from the prior year [5]. - Higher interest and depreciation expenses may negatively affect the company's bottom line, but benefits from previous investments and higher normalized retail sales could enhance overall earnings [5]. - The sale of AEP OnSite Partners is anticipated to have been completed in Q3 2024, with net proceeds of approximately $315 million likely added to AEP's cash balance [6]. Earnings Prediction - AEP has an Earnings ESP of +0.94%, indicating a favorable outlook for an earnings beat [7]. - Currently, AEP holds a Zacks Rank of 3, suggesting a neutral outlook [8].

Core Insights - American Electric Power (AEP) is expected to report quarterly earnings of $1.78 per share, a 0.6% increase year-over-year, with revenues projected at $5.39 billion, reflecting a 1.8% increase from the previous year [1] Earnings Estimates - The consensus EPS estimate has been revised 1.6% higher in the last 30 days, indicating a collective reevaluation by analysts [2] - Changes in earnings estimates are crucial for predicting investor reactions, with empirical studies showing a strong correlation between earnings estimate revisions and short-term stock performance [3] Revenue Projections - Analysts estimate 'Total Revenues- Generation & Marketing' at $484.91 million, a decrease of 14.4% from the year-ago quarter [5] - 'Total Revenues- Transmission and Distribution Utilities' is forecasted to reach $1.61 billion, an increase of 4.4% year-over-year [5] - 'Total Revenues- Vertically Integrated Utilities' is expected to be $3.33 billion, reflecting a 4% increase from the prior year [6] - 'Total Revenues- AEP Transmission Holdco' is projected at $502.05 million, indicating a 5.3% increase from the previous year [6] Energy Sales Estimates - 'Total Energy Sales - Retail Electric - Transmission & Distribution Utilities - Total Retail' is expected to be 24,874.03 GWh, up from 23,837 GWh in the same quarter last year [7] - 'Total Energy Sales - Retail Electric - Vertically Integrated Utilities - Total Retail' is projected at 25,071.78 GWh, slightly above the previous year's 25,010 GWh [7] - 'Total Energy Sales - Wholesale Electric - Transmission & Distribution Utilities' is estimated at 510.79 GWh, compared to 485 GWh a year ago [8] - The total energy sales for 'Transmission & Distribution Utilities - Total' is expected to be 25,700.71 GWh, up from 24,322 GWh in the previous year [8] - 'Total Energy Sales - Vertically Integrated Utilities - Total' is projected at 28,734.98 GWh, slightly down from 28,886 GWh year-over-year [9] - 'Total Energy Sales - Wholesale Electric - Vertically Integrated Utilities' is expected to be 3,702.49 GWh, down from 3,876 GWh in the previous year [9] Operating Earnings Estimates - 'Operating Earnings (non-GAAP)- Transmission & Distribution Utilities' is expected to reach $258.42 million, up from $206 million in the same quarter last year [10] - 'Operating Earnings (non-GAAP)- Generation & Marketing' is projected at $70.23 million, down from $92.80 million in the same quarter last year [10] Stock Performance - AEP shares have decreased by 2.6% over the past month, compared to a 1% decline in the Zacks S&P 500 composite [11] - AEP holds a Zacks Rank 3 (Hold), indicating it is expected to closely follow overall market performance in the near term [11]

Let me be the first to wish you all a Happy and spooky Halloween. What isn't spooky, though, is the dividend increase this week. In fact, treat yourself to some sweets with several of these increases. This week's companies have an averageDerek is an individual investor seeking to navigate the investment world to provide a wealthy and stable retirement for his family. He aims to help fellow investors, notably younger investors, establish a plan to produce a growing income stream. Derek holds a Bachelor's deg ...

Leadership and Organizational Changes - The company is initiating a search for a newly created president role to lead the AEP Transmission business, which is a key growth area as the company invests in enhancing reliability and meeting customer needs [1][2] - The executive vice president of Regulatory and chief administrative officer role is being eliminated, resulting in the departure of Peggy Simmons [2] - Chris Beam, executive vice president of Energy Services, plans to retire in February 2025 and will serve as executive vice president and senior advisor until then [2] - Shane Lies, executive vice president and chief nuclear officer, will transition to a new role as executive vice president of Projects and Services, overseeing various functions including generation shared services and strategic supplier management [2] - Kelly Ferneau, site vice president at AEP's Donald C Cook Nuclear Plant, has been promoted to executive vice president and chief nuclear officer, succeeding Shane Lies [2] - Scott Dailey, managing director of renewable generation, will succeed Kelly Ferneau as site vice president at the Cook Nuclear Plant [2] - Power plant managers will now report to the operating company presidents, and the economic development function will transition to the operating companies [2] - Corporate regulatory services and procurement will be aligned under the chief financial officer [2] Strategic Goals and Investments - The company is investing $43 billion over the next five years to make the electric grid cleaner and more reliable [3] - AEP is on track to achieve an 80% reduction in carbon dioxide emissions from 2005 levels by 2030 and aims to reach net zero by 2045 [3] Company Overview - AEP operates and maintains more than 40,000 miles of transmission lines, the nation's largest electric transmission system, and over 225,000 miles of distribution lines, delivering power to 5.6 million customers in 11 states [3] - The company has approximately 29,000 megawatts of diverse generating capacity, including nearly 6,000 megawatts of renewable energy [3] - AEP's family of companies includes utilities such as AEP Ohio, AEP Texas, Appalachian Power, and others, as well as AEP Energy, which provides competitive energy solutions nationwide [3]

American Electric Power Company, Inc. (AEP) is deploying systematic investments in infrastructural upgrades to enhance the reliability of its operations and serve its utility customers efficiently. The company is also making consistent investments to boost its renewable generation portfolio.However, this Zacks Rank #2 (Buy) company faces risks related to a weak solvency position.AEP’s Tailwinds American Electric has a capital investment plan of $43 billion for the 2024-2028 period in its core regulated oper ...

September proved to be impressive for Wall Street despite being historically the worst month for stocks. The month saw the Dow and the S&P 500 hit new record closing highs. However, volatility has returned to Wall Street in October as fresh concerns over the economy’s health have dented investors’ sentiment.Given the ongoing volatility, it would be ideal to invest in defensive stocks like utilities and consumer staples like American Electric Power Company, Inc. (AEP) , American Water Works Company, Inc. (AW ...

COLUMBUS, Ohio, Oct. 24, 2024 /PRNewswire/ -- American Electric Power (Nasdaq: AEP) has named Matthew Fransen senior vice president, Finance and Treasurer, effective Dec. 1. He will succeed Julie Sherwood, who is retiring after 20 years with the company. Fransen will report to Chuck Zebula, executive vice president and chief financial officer.Fransen will be responsible for all elements of the finance and treasury function including working with banking institutions, investors and rating agencies to support ...

GAHANNA, Ohio, Oct. 23, 2024 /PRNewswire/ -- AEP Ohio, an American Electric Power (Nasdaq: AEP) company, today filed a settlement agreement that addresses the extreme power needs of Ohio's growing data center industry while protecting AEP Ohio's other customers. The staff of the Public Utilities Commission of Ohio, the Ohio Consumers' Counsel (OCC), the Ohio Energy Group (OEG), Ohio Partners for Affordable Energy, and Walmart joined AEP Ohio in the filing."Ohio's economic success in bringing data centers to ...

American Electric Power (AEP) announced that the board of directors has approved a 5.7% increase in the quarterly dividend rate. The revised quarterly dividend will be 93 cents, payable on Dec. 10, 2024, to shareholders of record at the close of the business on Nov. 8, 2024.This is the 458th consecutive quarter that the company has paid out a cash dividend on its common shares. The company's history of paying out quarterly dividends for almost 115 years in a row shows its dedication to giving shareholders s ...

COLUMBUS, Ohio, Oct. 22, 2024 /PRNewswire/ -- The Board of Directors of American Electric Power Co. (Nasdaq: AEP) today declared a regular quarterly cash dividend of 93 cents a share on the company's common stock, an increase of 5 cents per share.The dividend is payable Dec. 10, 2024, to shareholders of record as of Nov. 8, 2024, and is the company's 458th consecutive quarterly common stock cash dividend. AEP has paid a cash dividend on its common stock every quarter since July 1910."AEP is strengthening ou ...