American Electric Power Company, Inc. (AEP)
| Market Cap | 42.71B |
| Revenue (ttm) | 19.29B |
| Net Income (ttm) | 2.26B |
| Shares Out | 525.88M |
| EPS (ttm) | 4.35 |
| PE Ratio | 18.67 |
| Forward PE | 14.26 |
| Dividend | $3.52 (4.33%) |
| Ex-Dividend Date | Nov 9, 2023 |
| Volume | 2,170,642 |
| Open | 81.05 |
| Previous Close | 81.33 |
| Day's Range | 80.46 - 81.31 |
| 52-Week Range | 69.38 - 98.32 |
| Beta | 0.50 |
| Analysts | Buy |
| Price Target | 94.97 (+16.93%) |
| Earnings Date | Feb 22, 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 2022, AEP's revenue was $19.64 billion, an increase of 16.96% compared to the previous year's $16.79 billion. Earnings were $2.31 billion, a decrease of -7.27%.
Financial StatementsAnalyst Forecast
According to 16 analysts, the average rating for AEP stock is "Buy." The 12-month stock price forecast is $94.97, which is an increase of 16.93% from the latest price.
News
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...
AEP REPORTS THIRD-QUARTER 2023 EARNINGS, NARROWS GUIDANCE WHILE MAINTAINING MIDPOINT
Third-quarter 2023 GAAP earnings of $1.83 per share; operating earnings of $1.77 per share 2023 operating earnings (non-GAAP) guidance range narrowed to $5.24 to $5.34 per share, midpoint maintained a...
AEP SCHEDULES LIVE WEBCAST OF QUARTERLY EARNINGS CALL
COLUMBUS, Ohio , Oct. 30, 2023 /PRNewswire/ -- American Electric Power (Nasdaq: AEP) has scheduled a quarterly earnings conference call with financial analysts at 9 a.m. ET Thursday, Nov. 2.
AEP SELECTED AS BEST INTERNSHIP IN ENERGY AND RENEWABLES INDUSTRY
COLUMBUS, Ohio , Oct. 26, 2023 /PRNewswire/ -- American Electric Power (Nasdaq: AEP) was selected as the best and highest-rated internship in the energy and renewables industry in Vault's 2024 Interns...
AEP INCREASES QUARTERLY DIVIDEND TO 88 CENTS A SHARE
COLUMBUS, Ohio , Oct. 24, 2023 /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's...
AEP SELECTED TO RECEIVE FEDERAL GRANT TO ENHANCE GRID RELIABILITY
COLUMBUS, Ohio , Oct. 19, 2023 /PRNewswire/ -- American Electric Power (Nasdaq: AEP) has been selected for a $27.8 million federal grant under the U.S. Department of Energy's Grid Resilience and Innov...
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AEP APPOINTS CHARLES E. ZEBULA CHIEF FINANCIAL OFFICER
Company reaffirms 2023 operating earnings guidance range of $5.19 to $5.39 per share, long-term growth rate of 6% to 7% and FFO/Debt target of 14% to 15% COLUMBUS, Ohio , Oct. 2, 2023 /PRNewswire/ -- ...
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We're bullish on utilities now because this economy is bogging out. We got more proof of that last week, with China posting an anemic 0.8% growth rate in Q2.
AEP BOARD ELECTS SLOAT CHAIR, NAMES STODDARD BOARD MEMBER
COLUMBUS, Ohio , Aug. 21, 2023 /PRNewswire/ -- The Board of Directors of American Electric Power (Nasdaq: AEP) has elected Julie Sloat chair of the Board, effective Oct. 2. Sloat is AEP's president an...
AEP COMPLETES SALE OF UNREGULATED RENEWABLES ASSETS
COLUMBUS, Ohio , Aug. 16, 2023 /PRNewswire/ -- American Electric Power (Nasdaq: AEP) has completed the sale of its 1,365-megawatt (MW) unregulated, contracted renewables portfolio to IRG Acquisition H...
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A summer swoon that has been chipping away at stocks since early July was egged on Tuesday with news that Americans have hardly curbed their spending.
AMERICAN ELECTRIC POWER COMPANY, INC. TO REDEEM SENIOR NOTES
COLUMBUS, Ohio , July 31, 2023 /PRNewswire/ -- American Electric Power Company, Inc. (Nasdaq: AEP), announced that on Aug. 30, 2023, it will redeem the entire outstanding $600 million principal amount...
AEP REPORTS SECOND-QUARTER 2023 EARNINGS; REAFFIRMS 2023 GUIDANCE
Second-quarter 2023 GAAP earnings of $1.01 per share; operating earnings of $1.13 per share 2023 operating earnings (non-GAAP) guidance range reaffirmed at $5.19 to $5.39 per share with long-term grow...
AEP RECOGNIZED AS ONE OF AMERICA'S BEST EMPLOYERS FOR WOMEN
COLUMBUS, Ohio , July 25, 2023 /PRNewswire/ -- American Electric Power (Nasdaq: AEP) was named in Forbes magazine's America's Best Employers for Women 2023 list for the fourth year in a row. Forbes pa...
AEP DECLARES QUARTERLY DIVIDEND ON COMMON STOCK
COLUMBUS, Ohio , July 18, 2023 /PRNewswire/ -- The Board of Directors of American Electric Power Co. (Nasdaq: AEP) today declared a regular quarterly cash dividend of 83 cents a share on the company's...
Louisiana Public Service Commission Approves SWEPCO Renewable Projects
SHREVEPORT, La. , June 29, 2023 /PRNewswire/ -- Southwestern Electric Power Co., an American Electric Power (Nasdaq: AEP) company, has received approval by the Louisiana Public Service Commission (LPS...
AEP ANNOUNCES REMARKETING OF $850 MILLION IN AGGREGATE PRINCIPAL AMOUNT OF DEBT UNDERLYING ITS EQUITY UNITS
COLUMBUS, Ohio , May 31, 2023 /PRNewswire/ -- American Electric Power (Nasdaq: AEP) announced today that it has successfully remarketed its 1.30% Junior Subordinated Debentures due 2025 (the "Original...
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AEP RELEASES 2023 CORPORATE SUSTAINABILITY REPORT
COLUMBUS, Ohio , May 17, 2023 /PRNewswire/ -- American Electric Power (Nasdaq: AEP) issued the 2023 Corporate Sustainability Report, an annual assessment of its performance as a public company and com...
AEP REPORTS FIRST-QUARTER EARNINGS, REAFFIRMS 2023 GUIDANCE
First-quarter 2023 GAAP earnings of $0.77 per share; operating earnings of $1.11 per share 2023 operating earnings (non-GAAP) guidance range reaffirmed at $5.19 to $5.39 per share with long-term growt...
AEP RECOGNIZED AS ONE OF AMERICA'S BEST EMPLOYERS FOR DIVERSITY
COLUMBUS, Ohio , April 26, 2023 /PRNewswire/ -- American Electric Power (Nasdaq: AEP) was included in Forbes Best Employers for Diversity list. The list was developed based on an independent survey fr...