American Electric Power Stock News

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.

COLUMBUS, Ohio , May 13, 2024 /PRNewswire/ -- 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%.

COLUMBUS, Ohio , May 13, 2024 /PRNewswire/ -- American Electric Power (Nasdaq: AEP) has entered into an agreement to sell its distributed resources business, AEP OnSite Partners ("OnSite"), to funds advised by Basalt Infrastructure Partners LLC. AEP expects to net approximately $315 million in cash after taxes and transaction fees, subject to customary closing adjustments.

GAHANNA, Ohio , May 13, 2024 /PRNewswire/ -- AEP Ohio, an American Electric Power (Nasdaq: AEP) company, today filed with the Public Utilities Commission of Ohio in docket 24-508-EL-ATA a proposal that would create a new rate category for data center customers and cryptocurrency mining/mobile data center operations. The proposed rate structure would require new data centers with loads greater t...

American Electric Power has been a choice for many dividend investors over the past years, because of its safe and increasing dividend payments. Today, our adjusted fair value estimation resulted in a range of $58 to $115 per share, using a single stage dividend discount model with updated input parameters. Based on a set of traditional price multiples, AEP's stock also does not appear to provi...

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.

COLUMBUS, Ohio , May 1, 2024 /PRNewswire/ -- American Electric Power (Nasdaq: AEP) issued the 2024 Corporate Sustainability Report, an annual assessment of its sustainable business practices, strategy, performance and impact. This report marks AEP's 18th year of providing a comprehensive view of AEP's progress as a business and community partner and highlights the company's longstanding commitm...

American Electric Power has reported strong earnings for 1Q24, driven by rate changes, favorable weather, and increased demand from data centers. AEP is investing billions in renewable energy and has a solid balance sheet, with a high FFO-to-debt ratio and ample liquidity. Analysts expect continued EPS growth for AEP, reinforcing its long-term outlook of 6-7% annual EPS growth.