American Electric Power Company, Inc. (AEP)

NASDAQ: AEP · IEX Real-Time Price · USD
80.81
+1.30 (1.64%)
Apr 17, 2024, 2:16 PM EDT - Market open
1.64%
Market Cap 42.56B
Revenue (ttm) 18.98B
Net Income (ttm) 2.21B
Shares Out 526.18M
EPS (ttm) 4.24
PE Ratio 19.03
Forward PE 14.26
Dividend $3.52 (4.35%)
Ex-Dividend Date Feb 8, 2024
Volume 948,186
Open 80.04
Previous Close 79.51
Day's Range 79.85 - 80.96
52-Week Range 69.38 - 94.73
Beta 0.51
Analysts Buy
Price Target 90.33 (+11.68%)
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]

Sector Utilities
Founded 1906
Employees 17,250
Stock Exchange NASDAQ
Ticker Symbol AEP
Full Company Profile

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 Statements

Analyst Forecast

According to 15 analysts, the average rating for AEP stock is "Buy." The 12-month stock price forecast is $90.33, which is an increase of 11.68% from the latest price.

Price Target
$90.33
(11.68% upside)
Analyst Consensus: Buy
Stock Forecasts

News

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...

13 days ago - PRNewsWire

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...

7 weeks ago - PRNewsWire

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...

7 weeks ago - Reuters

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...

7 weeks ago - PRNewsWire

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 ,...

7 weeks ago - PRNewsWire

AEP Schedules Live Webcast of Quarterly Earnings Call

COLUMBUS, Ohio , Feb. 21, 2024 /PRNewswire/ -- American Electric Power (Nasdaq: AEP) has scheduled a quarterly earnings conference call with financial analysts at 9 a.m. ET Tuesday, Feb. 27.

2 months ago - PRNewsWire

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.

2 months ago - WSJ

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...

2 months ago - PRNewsWire

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 ...

2 months ago - PRNewsWire

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...

2 months ago - PRNewsWire

AEP DECLARES QUARTERLY DIVIDEND ON COMMON STOCK

COLUMBUS, Ohio , Jan. 19, 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's...

3 months ago - PRNewsWire

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.

Other symbols: CNP
3 months ago - Barrons

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.

Other symbols: EXCILMNMRNAPYPLWBAXEL
3 months ago - CNBC Television

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...

3 months ago - PRNewsWire

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...

4 months ago - PRNewsWire

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...

5 months ago - PRNewsWire

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...

5 months ago - PRNewsWire

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...

5 months ago - PRNewsWire

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.

6 months ago - PRNewsWire

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...

6 months ago - PRNewsWire

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...

6 months ago - PRNewsWire

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...

6 months ago - PRNewsWire

Top Wall Street analysts expect these dividend stocks to boost portfolio returns

TipRanks' analyst ranking service pinpoints Wall Street's best-performing stocks, including Exxon and Darden.

Other symbols: BIPCTRADRIXOM
6 months ago - CNBC

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/ -- ...

7 months ago - PRNewsWire

The Fed Will Send These Safe Dividends Soaring In 2024

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.

Other symbols: AEEEDXLU
8 months ago - Forbes