American Electric Power Company, Inc. (AEP)
| Market Cap | 48.24B |
| Revenue (ttm) | 19.32B |
| Net Income (ttm) | 2.81B |
| Shares Out | 527.12M |
| EPS (ttm) | 5.36 |
| PE Ratio | 17.07 |
| Forward PE | 15.62 |
| Dividend | $3.52 (3.85%) |
| Ex-Dividend Date | May 9, 2024 |
| Volume | 1,875,267 |
| Open | 92.00 |
| Previous Close | 91.61 |
| Day's Range | 91.27 - 92.35 |
| 52-Week Range | 69.38 - 92.35 |
| Beta | 0.50 |
| Analysts | Buy |
| Price Target | 90.88 (-0.7%) |
| Earnings Date | Apr 30, 2024 |
About AEP
American Electric Power Company, Inc., 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 operates through Vertically Integrated Utilities, Transmission and Distribution Utilities, AEP Transmission Holdco, and Generation & Marketing segments. The company generates electricity using coal and lignite, natural gas, renewable, nuclear, hydro, solar, wind, and other energy sources. It also supplies and markets electri... [Read more]
Financial Performance
In 2023, AEP's revenue was $18.98 billion, a decrease of -3.35% compared to the previous year's $19.64 billion. Earnings were $2.21 billion, a decrease of -4.30%.
Financial StatementsAnalyst Forecast
According to 16 analysts, the average rating for AEP stock is "Buy." The 12-month stock price forecast is $90.88, which is a decrease of -0.70% from the latest price.
News
AEP Retains AEP Energy, Reaffirms 2024 Earnings Guidance
COLUMBUS, Ohio , May 13, 2024 /PRNewswire/ -- American Electric Power (Nasdaq: AEP) announced today it will retain its retail energy business, AEP Energy. The company is reaffirming its 2024 operating...
AEP Signs Agreement to Sell Distributed Resources Business to Basalt
COLUMBUS, Ohio , May 13, 2024 /PRNewswire/ -- American Electric Power (Nasdaq: AEP) has entered into an agreement to sell its distributed resources business, AEP OnSite Partners ("OnSite"), to funds a...
AEP Ohio Files Plan to Secure Grid Resources for Data Centers, Protect Residential Customers
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 tha...
AEP Names Chris Brathwaite Chief Communications Officer
COLUMBUS, Ohio , May 13, 2024 /PRNewswire/ -- American Electric Power (Nasdaq: AEP) has named Chris Brathwaite vice president and chief communications officer, effective today. He will report to Phil ...
AEP Releases 2024 Corporate Sustainability Report
COLUMBUS, Ohio , May 1, 2024 /PRNewswire/ -- American Electric Power (Nasdaq: AEP) issued the 2024 Corporate Sustainability Report, an annual assessment of its sustainable business practices, strategy...
American Electric Power reports Q1 profit beat as commercial usage grows
American Electric Power beat first-quarter profit estimates on Tuesday, as the electric utility benefited from higher demand and usage from commercial customers.
AEP Reports First-Quarter 2024 Earnings, Reaffirms Guidance
First -quarter 2024 GAAP earnings of $1.91 per share; operating earnings of $1.27 per share Company reaffirms 2024 operating earnings (non-GAAP) guidance of $5.53 to $5.73 per share and long-term grow...
AEP Schedules Live Webcast of Quarterly Earnings Call
COLUMBUS, Ohio , April 29, 2024 /PRNewswire/ -- American Electric Power (Nasdaq: AEP) has scheduled a quarterly earnings conference call with financial analysts at 9 a.m. ET Tuesday, April 30.
AEP DECLARES QUARTERLY DIVIDEND ON COMMON STOCK
COLUMBUS, Ohio , April 23, 2024 /PRNewswire/ -- The Board of Directors of American Electric Power Co. (Nasdaq: AEP) today declared a regular quarterly cash dividend of 88 cents a share on the company'...
AEP Recognized as One of America's Best Employers for Diversity
COLUMBUS, Ohio , April 23, 2024 /PRNewswire/ -- American Electric Power (Nasdaq: AEP) was included in Forbes Best Employers for Diversity 2024 list. The list was developed based on an independent surv...
AEP Named Leader on New JUST Jobs Scorecard
COLUMBUS, Ohio , April 4, 2024 /PRNewswire/ -- American Electric Power (Nasdaq: AEP) is one of six companies to earn the JUST Jobs Leader designation on the JUST Jobs Scorecard released today. The JUS...
AEP Completes Sale of New Mexico Solar Assets
COLUMBUS, Ohio , Feb. 27, 2024 /PRNewswire/ -- American Electric Power (Nasdaq: AEP) has completed the sale of its 50% interest in New Mexico Renewable Development, LLC (NMRD) to Exus North America Ho...
American Electric Power reports earnings miss, names interim CEO
Utility firm American Electric Power on Monday reported fourth-quarter earnings that missed analysts' expectations and named board member Benjamin Fowke as interim chief executive officer, effective i...
AEP Reports 2023 Earnings Results
Year-end 2023 GAAP earnings of $4.26 per share; operating earnings of $5.25 per share 2024 operating earnings (non-GAAP) guidance range reaffirmed at $5.53 to $5.73 per share with long-term growth rat...
AEP Announces CEO Transition
AEP Board Member and Former Chairman and CEO of Xcel Energy, Benjamin G.S. Fowke III, Appointed Interim CEO & President AEP Lead Director Sara Martinez Tucker Named Chair of the Board COLUMBUS, Ohio ,...
AEP Enters Agreement With Icahn Capital
The utility company said that Icahn Enterprises senior managing director Hunter Gary and retired executive vice president of Southern Company Gas Hank Linginfelter will join the board.
AEP Appoints Two New Directors
Company enters into an agreement with Icahn Capital L.P. COLUMBUS, Ohio , Feb. 12, 2024 /PRNewswire/ -- American Electric Power (Nasdaq: AEP) today announced that it has entered into an agreement with...
AEP Named One of America's Most JUST Companies for Fourth Consecutive Year
COLUMBUS, Ohio , Feb. 5, 2024 /PRNewswire/ -- American Electric Power (Nasdaq: AEP) has been named to the JUST 100 list for the fourth year in a row. This ranking by JUST Capital recognizes America's ...
AEP Receives Top Customer Service Awards from EEI and Key Business Customers
COLUMBUS, Ohio , Jan. 29, 2024 /PRNewswire/ -- American Electric Power (Nasdaq: AEP) received three Outstanding Customer Engagement awards today from the Edison Electric Institute (EEI) and national k...
Utility Stocks Feel the Cold. The Worry Is Possible Outages.
Electricity grid operators from Texas to Minnesota to Alberta, Canada, had asked customers to cut their usage.
Jim Cramer looks at the worst Nasdaq performers of 2023
'Mad Money' host Jim Cramer looks back at last year's worst performers on the Nasdaq.
APPALACHIAN POWER, WHEELING POWER SEEK APPROVAL OF SETTLEMENT AGREEMENT IN FUEL COST CASES
COLUMBUS, Ohio , Dec. 27, 2023 /PRNewswire/ -- American Electric Power (Nasdaq: AEP) subsidiaries Appalachian Power and Wheeling Power today filed a settlement agreement with the Public Service Commis...
AEP SIGNS AGREEMENT TO SELL NEW MEXICO SOLAR ASSETS
COLUMBUS, Ohio , Dec. 26, 2023 /PRNewswire/ -- American Electric Power (Nasdaq: AEP) has entered into an agreement to sell its 50% interest in New Mexico Renewable Development, LLC (NMRD) to Exus Nort...
Kentucky Power rate review settlement agreement supports reliability, reduces bill impacts and creates pathway for future
ASHLAND, Ky. , Nov. 20, 2023 /PRNewswire/ -- Kentucky Power, an American Electric Power (Nasdaq: AEP) company, filed a settlement agreement with the Kentucky Public Service Commission today in its ong...
AEP STREAMLINING BUSINESS AND FOCUSING ON REGULATED OPERATIONS TO BENEFIT CUSTOMERS, REAFFIRMS LONG-TERM GROWTH RATE OF 6% TO 7%
2024 operating earnings guidance range of $5.53 to $5.73 per share announced Five-year, $43 billion capital plan emphasizes investments in wires and renewables to support needs of customers Economic d...