American Electric Power (AEP) could be a solid choice for investors given its recent upgrade to a Zacks Rank #2 (Buy). This rating change essentially reflects an upward trend in earnings estimates -- one of the most powerful forces impacting stock prices.The Zacks rating relies solely on a company's changing earnings picture. It tracks EPS estimates for the current and following years from the sell-side analysts covering the stock through a consensus measure -- the Zacks Consensus Estimate.The power of a ch ...

American Electric Power Company, Inc (AEP) is slated to release second-quarter 2024 results on Jul 30 before market open.In the last reported quarter, the company delivered a negative earnings surprise of 2.31%. American Electric has a trailing four-quarter average negative earnings surprise of 1.01%.Factors to NoteMost of the AEP’s service territories observed warmer-than-normal weather conditions in the second quarter. This must have increased the electricity demand for cooling purposes from the company’s ...

American Electric Power (AEP) is expected to deliver a year-over-year increase in earnings on higher revenues when it reports results for the quarter ended June 2024. This widely-known consensus outlook gives a good sense of the company's earnings picture, but how the actual results compare to these estimates is a powerful factor that could impact its near-term stock price.The earnings report, which is expected to be released on July 30, 2024, might help the stock move higher if these key numbers are better ...

Young russian adult failing to settle an domestic argument indoorsgettyBe honest. I won’t be mad, but just admit it.You’ve got some SPY Principal Shareholder Yield Index ETF SPDR S&P 500 ETF Trust in your portfolio. So much in fact you’re probably trying to quickly change the subject from the SPDR S&P 500 ETF Trust (SPY).I’m not mad. (I’m just disappointed—ha!) We refer to SPY as “America’s ticker for a reason.” It is everywhere.And it’s OK. Really it is. Holding SPY has worked out this year. But we’re now ...

Millions of Americans recently suffered through, or are continuing to suffer from a deadly heat wave. Cynically, this framework is a positive for utility stocks. I don’t know about you but when the sun started to bake my neck of the woods, I had to run the air conditioner all night to be able to sleep.I’m sure I’m not unique in this matter – not even close. What’s more, we could suffer the same heat or worse over the next several years. According to The Washington Post, Americans and other global citizens j ...

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]