Streetbeat News

AEP

American Electric Power Company, Inc.

https://www.aep.com

Industry

Regulated Electric

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, nuclear, hydro, solar, wind, and other energy sources. It also supplies and markets electric power at wholesale to other electric utility companies, rural electric cooperatives, municipalities, and other market participants. American Electric Power Company, Inc. was incorporated in 1906 and is headquartered in Columbus, Ohio.

Open

94.12

Mkt cap

51B

Volume

5.6M

High

96.44

P/E Ratio

19.42

52-wk high

105.18

Low

93.81

Div yield

0.05

52-wk low

75.22

American Electric Power (AEP) is focusing on regulated operations and expects to generate value for customers and investors. AEP reaffirmed its 2023 operating earnings guidance range of $5.24 to $5.34 per share and announced a 2024 guidance range of $5.53 to $5.73 per share. The company also confirmed a long-term growth rate of 6%-7%. AEP's $43 billion capital investment plan over five years will prioritize transmission, distribution, and regulated renewables. The company completed the sale of its unregulated renewables portfolio and is progressing with the sale of other non-core businesses. AEP increased its quarterly dividend to 88 cents per share, aligning with its earnings growth and targeted payout ratio.

Portfolio Pulse from Benzinga Newsdesk

November 10, 2023 | 9:34 pm

American Electric Power's (NYSE:AEP) short percent of float has risen 49.41% since its last report, with 6.55 million shares sold short, which is 1.27% of all regular shares available for trading. This increase in short interest can act as an indicator of market sentiment towards a particular stock. However, compared to its peers, AEP has less short interest as a percentage of float, which is 2.20% on average.

Portfolio Pulse from Benzinga Insights

November 07, 2023 | 6:45 pm

American Electric Power Company Inc has filed for a mixed shelf offering, according to a SEC filing. The size of the offering has not been disclosed.

Portfolio Pulse from Benzinga Newsdesk

November 06, 2023 | 9:30 pm

American Electric Power (AEP) has revised its FY23 operating earnings per share (EPS) guidance to $5.24-$5.34, slightly above the consensus of $5.26. The company also reaffirmed its long-term growth rate of 6-7% and FFO/Debt target of 14-15%. However, AEP is unable to provide a corresponding GAAP equivalent for 2023 earnings guidance due to potential future impairments, divestitures, or changes in accounting principles.

Portfolio Pulse from Benzinga Newsdesk

November 02, 2023 | 11:23 am

American Electric Power (NASDAQ:AEP) reported Q3 adjusted earnings of $1.77 per share, beating the analyst consensus estimate of $1.71 by 3.51%. This is a 9.26% increase from the same period last year. However, the company's quarterly sales of $5.30 billion missed the analyst consensus estimate of $5.38 billion by 1.49%, marking a 3.64% decrease from the same period last year.

Portfolio Pulse from Benzinga Newsdesk

November 02, 2023 | 11:02 am

American Electric Power (NASDAQ:AEP) is set to release its latest quarterly earnings report on November 2, 2023. Analysts estimate an earnings per share (EPS) of $1.71. The company's past performance shows a trend of beating EPS estimates, which has generally led to a slight increase in share price. However, the company's shares have seen a 15.53% decrease over the last 52-week period.

Portfolio Pulse from Benzinga Insights

November 01, 2023 | 2:01 pm

A significant investor has taken a bullish stance on American Electric Power (NASDAQ:AEP), with 50% of investors opening trades with bullish expectations and 50% with bearish. The total amount for puts is $153,450 and for calls is $308,900. Whales have been targeting a price range from $65.0 to $90.0 for AEP over the last 3 months. Morgan Stanley, JP Morgan, and Barclays have maintained their Overweight rating on AEP.

Portfolio Pulse from Benzinga Insights

October 26, 2023 | 5:31 pm

Morgan Stanley analyst Stephen Byrd has maintained an 'Overweight' rating on American Electric Power (AEP), but lowered the price target from $97 to $93.

Portfolio Pulse from Benzinga Newsdesk

October 25, 2023 | 12:08 pm

American Electric Power Co. (AEP) has increased its quarterly cash dividend from $0.83 to $0.88 per share, in line with the company's 6% to 7% operating earnings growth range. The dividend is payable on Dec. 8, 2023, to shareholders of record as of Nov. 10, 2023. This marks the company's 454th consecutive quarterly cash dividend. AEP is focusing on de-risking and simplifying its business to generate value for customers and investors.

Portfolio Pulse from Benzinga Newsdesk

October 24, 2023 | 4:41 pm

American Electric Power Inc.'s (AEP) stock price is currently at $74.33, after a 1.33% increase. However, over the past month, the stock decreased by 2.64%, and in the past year, by 15.01%. The company's P/E ratio is lower than the aggregate P/E of the Electric Utilities industry, indicating that the stock might be undervalued. However, a low P/E ratio can also suggest weak growth prospects or financial instability.

Portfolio Pulse from Benzinga Insights

October 24, 2023 | 2:31 pm

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