American Electric downgraded by BofA Securities with a new price target
$AEP
Electric Utilities: Central
Utilities
BofA Securities downgraded American Electric from Neutral to Underperform and set a new price target of $97.00 from $96.00 previously
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| 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 |
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
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
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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
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
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