Investors in American Electric Power Company, Inc. (AEP) need to pay close attention to the stock based on moves in the options market lately. That is because the Jul 19, 2024 $45.00 Put had some of the highest implied volatility of all equity options today.What is Implied Volatility?Implied volatility shows how much movement the market is expecting in the future. Options with high levels of implied volatility suggest that investors in the underlying stocks are expecting a big move in one direction or the o ...

Fehrman is an accomplished leader with decades of industry experience and expertiseBenjamin G.S. Fowke III to serve as senior advisor during transition and remain a Board memberCOLUMBUS, Ohio, June 26, 2024 /PRNewswire/ -- American Electric Power's (Nasdaq: AEP) Board of Directors has elected William J. "Bill" Fehrman as president and chief executive officer, effective Aug. 1, 2024.Bill FehrmanFehrman brings decades of utility operational leadership experience and in-depth knowledge of the energy industry. ...

American Electric Power Company, Inc. (AEP) is deploying systematic investments in infrastructural upgrades to enhance the reliability of its operations, which will allow it to serve its utility customers efficiently. The company is also making consistent investments to expand its renewable generation portfolio.However, this Zacks Rank #3 (Hold) company faces risks like rising interest rates and an unfavorable financial position, which act as a headwind.TailwindsAmerican Electric has a capital investment pl ...

imaginima Overview American Electric Power (NASDAQ:AEP) is an electric utilities company with operations that span across the United States. They provide a range of different energy sources including the use of coal, lignite, natural gas, and renewable energy. AEP has the nation's largest electric transmission system, clocking in a total of 40,000 transmission miles. The company has a market cap of about $46B and has exposure to nearly 6M customers throughout 11 different states that it operates within. ...

Core Insights - American Electric Power (AEP) will retain its retail energy business, AEP Energy, and has reaffirmed its 2024 operating earnings guidance of $5.53 to $5.73 per share, with a long-term growth rate of 6% to 7% and an FFO/Debt target of 14% to 15% [1][2] Group 1: Business Operations - AEP Energy operates as a certified competitive retail electricity and natural gas supply provider in 28 service territories across six states and Washington, D.C., serving approximately 700,000 customers [1] - The company has signed an agreement to sell its distributed resources business, AEP OnSite Partners, expecting to net around $315 million in cash after taxes and transaction fees, with the sale anticipated to close in Q3 2024, pending regulatory approvals [2] Group 2: Financial Performance - AEP's updated cash flow forecast is available for investors, and there is no change to the company's equity financing plan following the decision to retain AEP Energy [1] - The company is investing $43 billion over the next five years to enhance the electric grid's cleanliness and reliability [3] Group 3: Sustainability Goals - AEP aims for an 80% reduction in carbon dioxide emissions from 2005 levels by 2030 and has set a goal to achieve net zero emissions by 2045 [3]

Core Points - American Electric Power (AEP) has agreed to sell its distributed resources business, AEP OnSite Partners, to Basalt Infrastructure Partners for approximately $315 million in cash after taxes and transaction fees, with the sale expected to close in Q3 2024 pending regulatory approvals [1][2] - The sale will allow AEP to focus on its regulated operations and strengthen its balance sheet, directing capital towards providing reliable and affordable energy to customers [2] - AEP OnSite Partners operates behind-the-meter assets and distributed energy resources, with a portfolio of over 300 megawatts across nearly 100 sites in the U.S., impacting 45 employees, all of whom Basalt plans to retain [2] Regulatory and Advisory Information - The sale is subject to regulatory approval from the Federal Energy Regulatory Commission and federal clearance under the Hart-Scott-Rodino Antitrust Improvements Act of 1976 [3] - RBC Capital Markets acted as AEP's financial advisor during the sale process, while Morgan Lewis & Bockius LLP served as legal counsel [3] Company Overview - AEP operates one of the largest electric transmission systems in the U.S., with over 40,000 miles of transmission lines and more than 225,000 miles of distribution lines, serving 5.6 million customers across 11 states [4] - The company has a generating capacity of approximately 29,000 megawatts, including nearly 6,000 megawatts of renewable energy, and is investing $43 billion over the next five years to enhance the electric grid's reliability and sustainability [4] - AEP aims for an 80% reduction in carbon dioxide emissions from 2005 levels by 2030 and has set a goal to achieve net zero emissions by 2045 [4]

GAHANNA, Ohio, May 13, 2024 /PRNewswire/ -- AEP Ohio, an American Electric Power (Nasdaq: AEP) company, today filed with the Public Utilities Commission of Ohio in docket 24-508-EL-ATA a proposal that would create a new rate category for data center customers and cryptocurrency mining/mobile data center operations. The proposed rate structure would require new data centers with loads greater than 25 megawatts (MW) and cryptocurrency mining operations/mobile data centers with loads greater than 1 MW to agree ...

The utility sector, which tends to outperform when the economy is in a downturn, staged a nice comeback, gaining 8.5% since the start of April. The solid returns have made it the top-performing S&P 500 sector of the second quarter and the third-best-performing sector year to date. The prospect of rate cuts this year, a slowing economy and solid industry fundamentals buoyed the rally.While many stocks have powered the sector, we have highlighted five that led the way higher in the past month and saw positive ...

Justin Paget/DigitalVision via Getty Images American Electric Power Company, Inc.(NASDAQ:AEP), an electric public utility holding company, engages in the generation, transmission, and distribution of electricity for sale to retail and wholesale customers in the United States. It is one of the largest electric utility companies in the country, with more than five million customers in 11 states. We have started coverage of the company in June 2023 with a hold rating because the fair value range that we ha ...

chonessIntroduction Earlier this year, I sold the only utility stock in my dividend growth portfolio, Duke Energy (DUK). I didn't do it because I disliked the company but because of my view on interest rates and inflation. I'm in the camp that believes in prolonged elevated inflation and interest rates - at least compared to the favorable risk environment between the Great Financial Crisis and 2021. During this period, inflation was subdued, supported by secular tailwinds, including cheap energy prices, ...