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, and hydroelectric, as well as 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. The company owns, leases, or controls approximately 3,016 railcars, 411 barges, 6 towboats, and a coal handling terminal with approximately 18 million tons of annual capacity. American Electric Power Company, Inc. was incorporated in 1906 and is headquartered in Columbus, Ohio.
IPO Year:
Exchange: NYSE
Website: aep.com
| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 9/20/2024 | $107.00 | Hold | Jefferies |
| 8/6/2024 | $96.00 → $97.00 | Neutral → Underperform | BofA Securities |
| 6/6/2024 | $73.00 → $86.00 | Sell → Neutral | Ladenburg Thalmann |
| 3/11/2024 | $86.00 → $83.00 | Neutral → Sell | UBS |
| 3/8/2024 | $75.50 → $73.00 | Neutral → Sell | Ladenburg Thalmann |
| 2/28/2024 | $84.00 → $83.00 | Overweight → Equal Weight | Barclays |
| 1/22/2024 | $81.00 | Buy → Neutral | Guggenheim |
| 1/11/2024 | $83.00 | Buy → Neutral | Mizuho |
| 9/13/2023 | Sell → Neutral | Ladenburg Thalmann | |
| 8/23/2023 | $88.00 | Overweight | Barclays |
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This customer-focused effort is the largest utility fuel cell initiative in the country COLUMBUS, 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 accommodate demand. This is the largest utility fuel cell technology initiative in the nation. AEP expects commercial load to grow an average of 20% annually over the next three years, driven by da
This customer-focused effort is the largest utility fuel cell initiative in the country COLUMBUS, 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 accommodate demand. This is the largest utility fuel cell technology initiative in the nation. AEP expects commercial load to grow an average of 20% annually over the next three years, driven by da
Third-quarter 2024 GAAP earnings of $1.80 per share; operating earnings of $1.85 per shareNarrows 2024 operating earnings (non-GAAP) guidance to $5.58 to $5.68 per share, maintaining $5.63 midpointAnnounces new long-term growth rate of 6% to 8% based off of 2025 operating earnings guidance of $5.75 to $5.95 per shareExpands five-year capital plan to $54 billion to support reliability and demand growthAMERICAN ELECTRIC POWER Preliminary, unaudited results Third Quarter ended September 30 Year-to-date ended September 30 2024 2023 Change 2024 2023 Change Revenue ($ in billions): 5.4 5.3 0.1 15.0 14.4 0.6 Earnings ($ in millions): GAAP 959.6 953.7 5.9 2,303.0 1,871.9 431.1 Operating (non-GAAP) 9
Initiates search for newly created president of AEP Transmission role responsible for leading high growth businessShifts management of generating plants and economic development function to local operating companiesRealigns leadership team to support key business functions and local decision-making COLUMBUS, Ohio, Oct. 31, 2024 /PRNewswire/ -- American Electric Power (NASDAQ:AEP) today announced leadership and organizational changes that will empower local operations, drive growth and create value for customers and stakeholders. The changes are effective today. "This new leadership and organizational structure is part of our effort to streamline the company, shift decision making and acco
COLUMBUS, Ohio, Oct. 24, 2024 /PRNewswire/ -- American Electric Power (NASDAQ:AEP) has named Matthew Fransen senior vice president, Finance and Treasurer, effective Dec. 1. He will succeed Julie Sherwood, who is retiring after 20 years with the company. Fransen will report to Chuck Zebula, executive vice president and chief financial officer. Fransen will be responsible for all elements of the finance and treasury function including working with banking institutions, investors and rating agencies to support AEP's capital market needs; cash flow management and forecasting; development of capitalization strategy and monitoring of key credit metrics; and management of AEP's trusts and investmen
GAHANNA, Ohio, Oct. 23, 2024 /PRNewswire/ -- AEP Ohio, an American Electric Power (NASDAQ:AEP) company, today filed a settlement agreement that addresses the extreme power needs of Ohio's growing data center industry while protecting AEP Ohio's other customers. The staff of the Public Utilities Commission of Ohio, the Ohio Consumers' Counsel (OCC), the Ohio Energy Group (OEG), Ohio Partners for Affordable Energy, and Walmart joined AEP Ohio in the filing. "Ohio's economic success in bringing data centers to our state comes with immense demands for electricity, and we have to meet those efficiently and responsibly," said Marc Reitter, AEP Ohio president and chief operating officer. "The agree
COLUMBUS, Ohio, Oct. 22, 2024 /PRNewswire/ -- The Board of Directors of American Electric Power Co. (NASDAQ:AEP) today declared a regular quarterly cash dividend of 93 cents a share on the company's common stock, an increase of 5 cents per share. The dividend is payable Dec. 10, 2024, to shareholders of record as of Nov. 8, 2024, and is the company's 458th consecutive quarterly common stock cash dividend. AEP has paid a cash dividend on its common stock every quarter since July 1910. "AEP is strengthening our operations to deliver reliable, affordable energy for customers and results for investors," said Bill Fehrman, AEP president and chief executive officer. "Our nearly 115-year history of
COLUMBUS, Ohio, Oct. 11, 2024 /PRNewswire/ -- The following statement may be attributed to Marc Reitter, AEP Ohio president and chief operating officer: What has been proposed by the partial settlement fails to adequately address the main issues expressed in AEP Ohio's application. It's unprecedented to present a "settlement" to the PUCO that isn't supported by the PUCO staff or the utility that initially raised the concern. The PUCO should reject it. AEP Ohio remains committed to finding a solution that balances the infrastructure investment needed to meet extreme power demands of data centers with protections for Ohio consumers. View original content to download multimedia:http
COLUMBUS, Ohio, Oct. 8, 2024 /PRNewswire/ -- American Electric Power (NASDAQ:AEP) has named utility industry veteran Joseph F. Moore IV senior vice president, Business Transformation, effective today. Moore will report to AEP President and Chief Executive Officer Bill Fehrman. Moore will lead process improvements across AEP's key business units and seven operating companies. "AEP is focused on elevating the customer experience, while improving reliability and delivering world-class operational performance," Fehrman said. "Joe has a demonstrated track record of collaborating across business units to identify and execute solutions. I am confident his leadership will help AEP generate long-term
COLUMBUS, Ohio, Sept. 30, 2024 /PRNewswire/ -- American Electric Power (NASDAQ:AEP) has completed the sale of its distributed resources business, OnSite Partners, to funds advised by Basalt Infrastructure Partners LLC. AEP nets approximately $318 million in cash after taxes, transaction fees and other customary adjustments. The sales agreement was announced in May 2024. The sale received necessary regulatory approval from the Federal Energy Regulatory Commission and federal clearance pursuant to the Hart-Scott-Rodino Antitrust Improvement Act of 1976. About AEP At American Electric Power, based in Columbus, Ohio, we understand that our customers and communities depend on safe, reliable and a
Fehrman is an accomplished leader with decades of industry experience and expertiseBenjamin G.S. Fowke III to serve as senior advisor during transition and remain a Board member COLUMBUS, Ohio, June 26, 2024 /PRNewswire/ -- American Electric Power's (NASDAQ:AEP) Board of Directors has elected William J. "Bill" Fehrman as president and chief executive officer, effective Aug. 1, 2024. Fehrman brings decades of utility operational leadership experience and in-depth knowledge of the energy industry. Most recently, he served as president and CEO of Centuri Holdings, where he helped
Bill Fehrman Will Be Stepping Down to Take CEO Role at American Electric Power Board Appoints Former Centuri Advisory Board Member Paul Caudill as Interim CEO Centuri Holdings, Inc. (NYSE:CTRI) ("Centuri"), today announced Bill Fehrman will be stepping down as President and CEO to take the CEO role at American Electric Power (NASDAQ:AEP), one of the nation's largest publicly traded utility companies. He will continue in his role as President and CEO of Centuri until July 31, 2024. The Centuri Board has appointed Paul Caudill, former CEO of NV Energy, a Berkshire Hathaway Energy portfolio company, and Senior Advisor to the CEO and prior Centuri advisory board member, to succeed him as In
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 Ulrich, executive vice president and chief human resources officer. Brathwaite will have responsibility for enterprise-wide employee and external communications, reputation management, policy communications, marketing, brand management, digital communications, social media, analytics and creative services. "Chris brings to AEP an extensive career and track record of leading effective communications strategies for large and complex organizations," Ulrich said. "His expertise in public relations and
AEP Board Member and Former Chairman and CEO of Xcel Energy, Benjamin G.S. Fowke III, Appointed Interim CEO & PresidentAEP Lead Director Sara Martinez Tucker Named Chair of the BoardCOLUMBUS, Ohio, Feb. 26, 2024 /PRNewswire/ -- American Electric Power (NASDAQ:AEP) today announced that Benjamin G.S. Fowke III, a member of the company's Board of Directors and the former chairman and CEO of Xcel Energy, Inc., has been appointed interim chief executive officer and president, effective immediately. Fowke succeeds Julie A. Sloat. The Board determined, based on discussions with Sloat
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 Icahn Capital L.P. and certain of its affiliates, under which Hunter C. Gary, senior managing director at Icahn Enterprises L.P., and Henry ("Hank") P. Linginfelter, retired executive vice president of Southern Company Gas, will join AEP's Board of Directors, effective today. Julie Sloat, AEP chair, president and chief executive officer, said, "On behalf of the Board, we welcome Hunter and Hank to AEP. Hunter's experience providing operational oversight as an investor and public company director
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/ -- American Electric Power (NASDAQ:AEP) today announced the appointment of Charles E. Zebula as executive vice president and chief financial officer, effective immediately. Zebula previously served as AEP's executive vice president, Portfolio Optimization. He succeeds Ann P. Kelly, who is departing the company. "Chuck's deep understanding of our business, including his execution of la
Position effective November 13, 2023 Eversource Energy (NYSE:ES) today announced that Paul Chodak has been elected as Executive Vice President and Chief Operating Officer, effective November 13, 2023. Chodak has worked at American Electric Power (NYSE:AEP) in Operations roles for 22 years. He has served as AEP's Executive Vice President of Generation since 2019 where he has been responsible for the safe and efficient operation and maintenance of AEP's regulated power plants, including wind, solar, and hydro facilities. Previously, he was the Executive Vice President of Utilities and led seven utility companies within AEP's footprint of 5 million customers in 11 states throughout the U.S
New board appointment expands cleantech integrator's expertise in providing utility and corporate sustainability solutions Ameresco, Inc., (NYSE:AMRC), a leading cleantech integrator specializing in energy efficiency and renewable energy, today announced the appointment of Charles R. Patton to its Board of Directors. Patton brings with him more than three decades of leading corporate sustainability initiatives, overseeing public policy and affairs, and enhancing business operations for a number of organizations across the industry. Patton served as the Executive Vice President, External Affairs of American Electric Power Company, Inc. (NASDAQ:AEP), one of the largest electric utility or
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Jefferies initiated coverage of American Electric with a rating of Hold and set a new price target of $107.00
BofA Securities downgraded American Electric from Neutral to Underperform and set a new price target of $97.00 from $96.00 previously
Ladenburg Thalmann upgraded American Electric from Sell to Neutral and set a new price target of $86.00 from $73.00 previously
UBS downgraded American Electric from Neutral to Sell and set a new price target of $83.00 from $86.00 previously
Ladenburg Thalmann downgraded American Electric from Neutral to Sell and set a new price target of $73.00 from $75.50 previously
Barclays downgraded American Electric from Overweight to Equal Weight and set a new price target of $83.00 from $84.00 previously
Guggenheim downgraded American Electric from Buy to Neutral and set a new price target of $81.00
Mizuho downgraded American Electric from Buy to Neutral and set a new price target of $83.00
Ladenburg Thalmann upgraded American Electric from Sell to Neutral
Barclays initiated coverage of American Electric with a rating of Overweight and set a new price target of $88.00
COLUMBUS, Ohio, Oct. 22, 2024 /PRNewswire/ -- The Board of Directors of American Electric Power Co. (NASDAQ:AEP) today declared a regular quarterly cash dividend of 93 cents a share on the company's common stock, an increase of 5 cents per share. The dividend is payable Dec. 10, 2024, to shareholders of record as of Nov. 8, 2024, and is the company's 458th consecutive quarterly common stock cash dividend. AEP has paid a cash dividend on its common stock every quarter since July 1910. "AEP is strengthening our operations to deliver reliable, affordable energy for customers and results for investors," said Bill Fehrman, AEP president and chief executive officer. "Our nearly 115-year history of
COLUMBUS, Ohio, July 24, 2024 /PRNewswire/ -- The Board of Directors of American Electric Power Co. (NASDAQ:AEP) has declared a regular quarterly cash dividend of 88 cents a share on the company's common stock. The dividend is payable Sept. 10, 2024, to shareholders of record as of Aug. 9, 2024, and is the company's 457th consecutive quarterly common stock cash dividend. AEP has paid a cash dividend on its common stock every quarter since July 1910. At American Electric Power, based in Columbus, Ohio, we understand that our customers and communities depend on safe, reliable and affordable power. Our nearly 16,000 employees operate and maintain more than 40,000 miles of transmission lines, th
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. The call will be broadcast live over the internet at http://www.aep.com/webcasts. The webcast will include audio of the call as well as visuals of charts and graphics referred to by AEP management during the call. The call will be archived on http://www.aep.com/webcasts for use by those unable to listen to the live webcast. At American Electric Power, based in Columbus, Ohio, we understand that our customers and communities depend on safe, reliable and affordable power. Our nearly 17,000 employees opera
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's common stock. The dividend is payable June 10, 2024, to shareholders of record as of May 10, 2024, and is the company's 456th consecutive quarterly common stock cash dividend. AEP has paid a cash dividend on its common stock every quarter since July 1910. At American Electric Power, based in Columbus, Ohio, we understand that our customers and communities depend on safe, reliable and affordable power. Our nearly 17,000 employees operate and maintain more than 40,000 miles of transmission lines,
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. The call will be broadcast live over the internet at http://www.aep.com/webcasts. The webcast will include audio of the call as well as visuals of charts and graphics referred to by AEP management during the call. The call will be archived on http://www.aep.com/webcasts for use by those unable to listen to the live webcast. At American Electric Power, based in Columbus, Ohio, we understand that our customers and communities depend on safe, reliable and affordable power. Our nearly 17,000 employees operate
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 common stock. The dividend is payable March 8, 2024, to shareholders of record as of Feb. 9, 2024, and is the company's 455th consecutive quarterly common stock cash dividend. AEP has paid a cash dividend on its common stock every quarter since July 1910. At American Electric Power, based in Columbus, Ohio, we understand that our customers and communities depend on safe, reliable and affordable power. Our nearly 17,000 employees operate and maintain more than 40,000 miles of transmission lines, t
COLUMBUS, Ohio, July 24, 2023 /PRNewswire/ -- American Electric Power (NASDAQ:AEP) has scheduled a quarterly earnings conference call with financial analysts at 9 a.m. ET Thursday, July 27. The call will be broadcast live over the internet at http://www.aep.com/webcasts. The webcast will include audio of the call as well as visuals of charts and graphics referred to by AEP management during the call. The call will be archived on http://www.aep.com/webcasts for use by those unable to listen to the live webcast. American Electric Power, based in Columbus, Ohio, is powering a cleaner, brighter energy future for its customers and communities. AEP's approximately 17,000 employees operate and mai
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 common stock. The dividend is payable Sept. 8, 2023, to shareholders of record as of Aug. 10, 2023, and is the company's 453rd consecutive quarterly common stock cash dividend. AEP has paid a cash dividend on its common stock every quarter since July 1910. American Electric Power, based in Columbus, Ohio, is powering a cleaner, brighter energy future for its customers and communities. AEP's approximately 17,000 employees operate and maintain the nation's largest electricity transmission system an
COLUMBUS, Ohio, May 1, 2023 /PRNewswire/ -- American Electric Power (NASDAQ:AEP) has scheduled a quarterly earnings conference call with financial analysts at 9 a.m. ET Thursday, May 4. The call will be broadcast live over the internet at http://www.aep.com/webcasts. The webcast will include audio of the call as well as visuals of charts and graphics referred to by AEP management during the call. The call will be archived on http://www.aep.com/webcasts for use by those unable to listen to the live webcast. American Electric Power, based in Columbus, Ohio, is powering a cleaner, brighter energy future for its customers and communities. AEP's approximately 17,000 employees operate and maintai
COLUMBUS, Ohio, April 25, 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 common stock. The dividend is payable June 9, 2023, to shareholders of record as of May 10, 2023, and is the company's 452nd consecutive quarterly common stock cash dividend. AEP has paid a cash dividend on its common stock every quarter since July 1910. American Electric Power, based in Columbus, Ohio, is powering a cleaner, brighter energy future for its customers and communities. AEP's approximately 17,000 employees operate and maintain the nation's largest electricity transmission system and
Guggenheim analyst Shahriar Pourreza maintains American Electric Power (NASDAQ:AEP) with a Neutral and raises the price target from $81 to $83.
- Reuters
AEP also announced today that Linda A. Goodspeed is retiring from AEP's Board of Directors, effective July 31, 2024. Benjamin G.S. Fowke III to serve as senior advisor during transition and remain a Board member
He will continue in his role as President and CEO of Centuri until July 31, 2024. The Centuri Board has appointed Paul Caudill, former CEO of NV Energy, a Berkshire Hathaway Energy portfolio company, and Senior Advisor to the CEO and prior Centuri advisory board member, to succeed him as Interim President and CEO. Additionally, Fehrman will remain on Centuri's Board of Directors until the Company transitions to a permanent CEO.
Shares for air conditioner manufacturers and utility companies are rising with the temperatures as a heat wave that has scorched the Midwest makes its way to the South. What Happened: A major heat wave that brought sweltering temperatures to the Midwest and Mid-Atlantic for more than a week is now headed to the South, as the more northern regions face severe storms and widespread floods, NPR reported. As of Sunday, more than 123 million people across multiple U.S. states were under heat advisories including South Dakota, Nebraska, Kansas, Oklahoma, Iowa, Missouri, Arkansas, Louisiana, Florida, Connecticut, Pennsylvania, New York, New Jersey, Delaware, Virginia, Maryland and North Carol
American Electric Power's (NYSE:AEP) short percent of float has risen 27.17% since its last report. The company recently reported that it has 11.59 million shares sold short, which is 2.2% of all regular shares that are available for trading. Based on its trading volume, it would take traders 4.07 days to cover their short positions on average. Why Short Interest Matters Short interest is the number of shares that have been sold short but have not yet been covered or closed out. Short selling is when a trader sells shares of a company they do not own, with the hope that the price will fall. Traders make money from short selling if the price of the stock falls and they lose if it rises. Short
Ladenburg Thalmann analyst Paul Fremont upgrades American Electric Power (NASDAQ:AEP) from Sell to Neutral.
Morgan Stanley analyst Stephen Byrd maintains American Electric Power (NASDAQ:AEP) with a Overweight and raises the price target from $91 to $98.
BMO Capital analyst James Thalacker maintains American Electric Power (NASDAQ:AEP) with a Outperform and raises the price target from $95 to $99.
American Electric Power (NASDAQ:AEP) announced today it will retain its retail energy business, AEP Energy. The company is reaffirming its 2024 operating earnings guidance of $5.53 to $5.73 per share, long-term growth rate of 6% to 7% and FFO/Debt target of 14% to 15%.