American Electric Power Share News

Utility firm American Electric Power said on Wednesday it has named Bill Fehrman as chief executive officer, effective Aug. 1.

PHOENIX--(BUSINESS WIRE)---- $CTRI--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 ...

Fehrman is an accomplished leader with decades of industry experience and expertise Benjamin 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.

Disinflationary trends continue, opening the door to rate cuts and a potential REIT rally. Signs of consumer weakening are evident in declining movie theater sales, restaurant visits, and ski trips. Texas is expected to host a new stock exchange, reflecting the state's economic strength and ability to attract businesses and IPOs.

AEP is an electric utilities company with the nation's largest electric transmission system, serving nearly 6M customers in 11 states. AEP reported positive Q1 earnings with revenue growth of 6.4% year over year, aiming for 6-7% EPS growth and a 3% annual base rate increase. Despite interest rate vulnerability, AEP remains undervalued with a fair value estimate of $101 per share based on my div...

The Vanguard Utilities Index Fund ETF (NYSEARCA: VPU ) is up by about 9% year-to-date, suggesting that utility stocks have garnered fundamental support. The question now becomes: Are utility stocks overvalued, or are additional gains in store?

Now that the year is almost halfway over, it's clear that artificial intelligence (AI) stocks, particularly of the generative variety, are the story of the year.

While you might be trying to use less electricity in order to save money, developers of artificial-intelligence tools are heading in the other direction.