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 ...

American Electric Power Company, Inc. (NASDAQ: AEP ) is one of the largest regulated power utilities in the country. The company owns 265K miles of power lines as well as 23 GW of generation capacity acrossLong-Term Focussed In-Depth Fundamental Analysis.Former Associate at a $10 billion hedge fund, with 15 years of professional experience in equity markets. Holds a First-Class Honours degree in Financial Economics from the University of London and is a CFA Level III candidate.An avid reader and a Berkshire ...

For those looking to find strong Utilities stocks, it is prudent to search for companies in the group that are outperforming their peers. American Electric Power (AEP) is a stock that can certainly grab the attention of many investors, but do its recent returns compare favorably to the sector as a whole? By taking a look at the stock's year-to-date performance in comparison to its Utilities peers, we might be able to answer that question.American Electric Power is one of 105 companies in the Utilities group ...

COLUMBUS, Ohio, Oct. 8, 2024 /PRNewswire/ -- American Electric Power (Nasdaq: AEP) has named utility industry veteran Joseph F. Moore IV senior vice president, Business Transformation, effective today. Moore will report to AEP President and Chief Executive Officer Bill Fehrman.Moore will lead process improvements across AEP's key business units and seven operating companies."AEP is focused on elevating the customer experience, while improving reliability and delivering world-class operational performance," ...

Steve Lewis Stock/DigitalVision via Getty Images American Electric Power Company (NASDAQ:AEP) is well positioned to outperform the market with a superior blend of growth and value. Incremental power demand in AEP’s markets creates a potentially decades long runway of above normal rate base growth, which portends 6%-7% annual earnings CAGR. Between the growth, dividend and valuation, we believe AEP will significantly outperform the S&P going forward. We shall begin with fundamental analysis discussing it ...

COLUMBUS, Ohio, Sept. 30, 2024 /PRNewswire/ -- American Electric Power (Nasdaq: AEP) has completed the sale of its distributed resources business, OnSite Partners, to funds advised by Basalt Infrastructure Partners LLC. AEP nets approximately $318 million in cash after taxes, transaction fees and other customary adjustments.The sales agreement was announced in May 2024. The sale received necessary regulatory approval from the Federal Energy Regulatory Commission and federal clearance pursuant to the Hart-Sc ...

Core Insights - Entergy (ETR) is currently more attractive to value investors compared to American Electric Power (AEP) based on Zacks Rank and earnings estimate revisions [1] - ETR has a Zacks Rank of 2 (Buy), while AEP has a Zacks Rank of 3 (Hold), indicating a stronger analyst outlook for ETR [1] Valuation Metrics - ETR has a forward P/E ratio of 17.95, while AEP has a forward P/E of 17.99, showing that both companies are similarly valued in terms of earnings [2] - ETR's PEG ratio is 2.45, compared to AEP's PEG ratio of 2.88, suggesting ETR may offer better value considering expected earnings growth [2] - ETR's P/B ratio is 1.90, while AEP's P/B ratio is 2.05, indicating that ETR is more favorably valued relative to its book value [2] Overall Assessment - ETR holds a Value grade of B, while AEP has a Value grade of C, reinforcing the conclusion that ETR is the superior option for value investors at this time [3]

Core Viewpoint - American Electric Power (AEP) is an attractive option for income investors due to its relatively high-yield dividend, but thorough investigation is necessary to assess the sustainability of these payouts [1] Dividend Details - American Electric Power has paid quarterly dividends for 113 consecutive years, with a shift towards consistent annual increases since 2010, achieving a compound annual growth rate (CAGR) of 5.3% from $1.71 per share in 2010 to $3.37 per share in 2023 [2] - In the first two quarters of 2024, AEP paid dividends of $0.88 per share and projects a combined $1.82 per share for the third and fourth quarters, totaling approximately $1.9 billion in dividends for the year [3] Investor Sentiment - Utility stocks like American Electric Power are favored by conservative investors for steady passive income, as they operate in regulated markets ensuring predictable revenue streams [4] - AEP anticipates paying dividends of $2.1 billion in 2025, increasing to $2.2 billion in 2026, and further growing to $2.4 billion and $2.6 billion in 2027 and 2028, respectively [4]

Core Insights - American Electric Power (AEP) was recognized as one of the nation's Top Utilities in Economic Development by Site Selection magazine, marking its 12th appearance on the list in the last 13 years [1] - In 2023, AEP's economic development initiatives led to over $35 billion in capital investment and the creation of more than 10,400 new direct jobs within its service territory [1] Economic Development Highlights - AEP supported 92 new economic development projects in 2023, showcasing significant collaboration with various stakeholders [1] - Nucor is investing $2.7 billion to establish a sheet steel manufacturing facility in West Virginia, projected to create over 800 jobs [1] - SLB plans to invest $18.5 million to convert a former General Motors plant in Louisiana into a technology center, expected to generate nearly 600 new jobs [1] - TekniPlex is building a $45 million facility in Ohio for egg carton production, which will create 100 jobs [1] - AEP's e-learning course "Energizing Economic Development" benefited over 250 community leaders, enhancing their skills in driving economic growth [1] Company Overview - AEP operates the largest electric transmission system in the U.S., with over 40,000 miles of transmission lines and 225,000 miles of distribution lines, serving 5.6 million customers across 11 states [2] - The company has a generating capacity of nearly 29,000 megawatts, including approximately 6,000 megawatts from renewable sources [2] - AEP is investing $43 billion over the next five years to enhance the electric grid's reliability and sustainability, aiming for an 80% reduction in carbon dioxide emissions from 2005 levels by 2030 and achieving net zero by 2045 [2]

James O'Neil Overview Utilities are stable businesses that investors seek for dividend income. Some utilities like Vistra (VST) have raised their stock price hugely (Figure 1). I wonder if American Electric Power Company, Inc. (NASDAQ:AEP) can capture that growth and enjoy its high dividend yield (3.53%) Figure 1: Seeking Alpha I recommend holding on to AEP because, as a regulated utility, it won’t capture the full potential of data centers' growing electricity needs. Even the new CEO is a tailwind fo ...