For income investors, this electric utility is worth getting amped up about.Providing investors with a relatively high-yield dividend, American Electric Power (AEP 0.78%) is an attractive option for those looking to bolster their passive income streams.However, smart investors know the importance of thoroughly investigating higher-yielding dividend stocks since the high payouts may actually be imperiling the company's financial health. Let's take a closer look at what electric utility American Electric Powe ...

COLUMBUS, Ohio, Sept. 3, 2024 /PRNewswire/ -- American Electric Power (Nasdaq: AEP) was named one of the nation's Top Utilities in Economic Development by Site Selection magazine.Site Selection annually evaluates utilities' involvement and support of corporate project investment and job creation on a cumulative and per-capita basis. AEP has earned a place on the list 12 of the last 13 years."2023 was a record year for economic development at AEP, and it's an honor to be recognized by Site Selection for our ...

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 ...

It has been about a month since the last earnings report for American Electric Power (AEP) . Shares have added about 0.4% in that time frame, underperforming the S&P 500. Will the recent positive trend continue leading up to its next earnings release, or is AEP due for a pullback? Before we dive into how investors and analysts have reacted as of late, let's take a quick look at its most recent earnings report in order to get a better handle on the important catalysts. American Electric Q2 Earnings Beat, Rev ...

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 #3 (Hold) company faces risks like rising interest rates and an unfavorable financial position, which act as a headwind.AEP’s Tailwinds American Electric has a capital investment plan of $43 bill ...

Operating company presidents and chief nuclear officer will report directly to AEP President and CEO Bill FehrmanPeggy Simmons appointed executive vice president of Regulatory and Chief Administrative Officer to lead safety, regulatory, procurement and sustainability functions in addition to customer operations and economic development effortsCOLUMBUS, Ohio, Aug. 28, 2024 /PRNewswire/ -- American Electric Power (Nasdaq: AEP) today announced organizational changes to advance the company's focus on improving ...

For those looking to find strong Utilities stocks, it is prudent to search for companies in the group that are outperforming their peers. Has American Electric Power (AEP) been one of those stocks this year? 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. The Utilities group currently sits at #6 within the Zacks Sector Rank. The Zacks Sector Rank con ...

PALO ALTO, CA, Aug. 15, 2024 (GLOBE NEWSWIRE) -- EverCharge, a leading provider of large-scale electric vehicle (EV) charging solutions, and part of SK Group, today announced a strategic collaboration with Public Service Company of Oklahoma (PSO), owned and operated by American Electric Power (AEP). PSO serves over 575,000 Oklahoma customers, providing them with a system of reliable electric services across a variety of needs. In responding to customers’ needs for EV charging options, PSO's objective of wor ...

A view of an electric power line. energyy As a dividend growth investor, I like to invest in companies with proven business models, growth tailwinds, and investment-grade balance sheets. This is because an established business model conveys a sense of reliability and predictability. That usually translates into a consistent dividend, which is important to me. Growth catalysts are also critical to me because I need my income to at least keep up with inflation for me to achieve and sustain financial indepen ...

With volatility spiking on Wall Street due to recession fears, it’s apparent that the Federal Reserve has been a bit late in easing its monetary policy. The Fed has kept the benchmark interest rates at record-high levels to curb persistent price pressure increases. However, weakness in the labor market confirmed fears of an economic slump, with many market participants now expecting a series of deep Fed rate cuts in the months ahead to pre-empt an economic slowdown.Nonfarm payrolls increased by 114,000 in J ...