This past summer, utilities were one of the best-performing stock market sectors year to date -- even better than technology. Despite a sustained rally in the S&P 500, many top utility stocks have sold off in recent months, including industry leaders like Southern Company (SO -0.13%), American Electric Power (AEP -0.07%), and NextEra Energy (NEE 0.71%).Here's why these three high-yield utility stocks are worth buying now. 1. Southern CompanySouthern Company is a utility that mainly operates in the southeast ...

On one hand, it can be an investor's best friend. When one can keep their emotions within the perspective of the bigger picture, selloffs can present remarkable buying opportunities.This article was coproduced with Kody Kester.Introducing iREIT®Join iREIT® on Alpha today to get the most in-depth research that includes REITs, mREIT, Preferreds, BDCs, MLPs, ETFs, Builders, and Asset Managers. Our iREIT® Tracker provides data on over 250 tickers with our quality scores, buy targets, and trim targets.We recentl ...

SHREVEPORT, La., Dec. 18, 2024 /PRNewswire/ -- Southwestern Electric Power Co. (SWEPCO), a subsidiary of American Electric Power (Nasdaq: AEP), is excited to announce the ongoing development of several new generation projects, pending regulatory approval. These initiatives are designed to enhance SWEPCO's diverse energy portfolio by adding natural gas facilities alongside new wind and solar farms, addressing the growing capacity demands of our customers in a cost-effective manner. As part of the company's v ...

Bloom Energy Corp BE announced a 1 GW fuel cell supply deal with American Electric Power Company Inc AEP, which sent its stock soaring in early trading on Friday.The deal is "proof of concept" that the company's product can power large-scale data centers, according to Piper Sandler.Analyst Kashy Harrison upgraded the rating from Neutral to Overweight while raising the price target from $10 to $20.The Bloom Energy Thesis: The latest order could "open the door to future arrangements with other utilities," Har ...

This customer-focused effort is the largest utility fuel cell initiative in the countryCOLUMBUS, Ohio, Nov. 14, 2024 /PRNewswire/ -- American Electric Power (Nasdaq: AEP) is offering large customers a custom solution to support their growing energy needs with fuel cell technology. AEP has an agreement in place to secure up to 1 gigawatt (GW) of Bloom Energy solid oxide fuel cells for data centers and other large energy users who need to quickly power their operations while the grid is built out to accommoda ...

These passive income powerhouses use dividends to pass along profits directly to shareholders.Some investors target a certain yield to help supplement income in retirement or achieve passive income goals. Others may simply be looking for a yield that is considerably above the 1.3% available from a low-cost S&P 500 exchange-traded fund (ETF) like the Vanguard S&P 500 ETF.Yields come down when stock prices outpace dividend growth rates, which has been the case across many stock market sectors, given the broad ...

614/716-2347 614/716-2614 News from AEP | --- | --- | |-------------------------------------------------------------------------------|-------| | | | | MEDIA CONTACT: ANALYSTS CONTACT: | | | Tammy Ridout Darcy Reese | | | Managing Director, External Communications Vice President, Investor Relations | | | 614/716-2347 614/716-2614 | | FOR IMMEDIATE RELEASE AEP Reports Third-Quarter 2024 Earnings, Introduces New Growth Rate and Capital Plan • Third-quarter 2024 GAAP earnings of $1.80 per share; operating earn ...

American Electric Power Company, Inc. (NASDAQ:AEP) Q3 2024 Earnings Conference Call November 6, 2024 9:00 AM ET Company Participants Darcy Reese - VP, IR William Fehrman - President, CEO Charles Zebula - EVP & CFO Conference Call Participants Shar Pourezza - Guggenheim Partners Steven Fleischman - Wolfe Research Jeremy Tonet - JPMorgan David Arcaro - Morgan Stanley Julien Dumoulin-Smith - Jefferies Nicholas Campanella - Barclays Carly Davenport - Goldman Sachs Andrew Wiesel - Scotiabank. William Appicelli ...

American Electric Power Company, Inc. (AEP) reported third-quarter 2024 adjusted earnings per share (EPS) of $1.85, which beat the Zacks Consensus Estimate of $1.78 by 3.9%. The bottom line also improved 4.5% from earnings of $1.77 per share recorded in the year-ago quarter.The company reported GAAP earnings of $1.80 per share compared with the year-ago quarter’s figure of $1.83.See the Zacks Earnings Calendar to stay ahead of market-making news.American Electric’s Total RevenuesOperating revenues of $5.43 ...

American Electric Power (AEP) reported $5.4 billion in revenue for the quarter ended September 2024, representing a year-over-year increase of 1.9%. EPS of $1.85 for the same period compares to $1.77 a year ago.The reported revenue represents a surprise of +0.11% over the Zacks Consensus Estimate of $5.39 billion. With the consensus EPS estimate being $1.78, the EPS surprise was +3.93%.While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations t ...