This summary was created by AI, based on 3 opinions in the last 12 months.
American Electric Power (AEP-N) is a major player in the US electricity production industry and has shown consistent commercial load growth. The company is poised to benefit from the resurgence in domestic manufacturing, particularly with the establishment of a large Intel plant in Ohio. Despite stiff competition from bonds with high yields, AEP-N continues to pay a steady dividend, making it an attractive option for income-seeking investors.
One of the US's biggest electricity producers. Their commercial load growth is up 7.5% in the last quarter, the third straight that's above 7%. Will benefit from a resurgence in domestic manufacturing including a $20 billion Intel plant in Ohio where AEP is based. Pays a 4.5% yield. Trades at only 14x 2024 PE.
Faces stiff competition from bonds and high bond yields for its dividend to be attractive.
A utility that serves 5.6 million customers in 11 states. Has pulled back 5% so fat this year as Wall Street rotates out of this sector, but he expects this rotation will reverse soon. Yesterday they reported another strong quarter with top and bottom line beats in Q4, and will sell an unregulated renewable business.
He typically doesn’t own utilities because they tend to be dividend yield plays, not dividend growth. This is an excellent company serving about 5.5 million customers in 11 states. You get good consistent mid-single digit dividend growth and earnings growth. Half their power generation comes from coal, so they are going to have to spend money over the next 5-6 years to retrofit some of their plants. Dividend yield of 3.4%.
American Electric Power Company Inc is a American stock, trading under the symbol AEP-N on the New York Stock Exchange (AEP). It is usually referred to as NYSE:AEP or AEP-N
In the last year, 3 stock analysts published opinions about AEP-N. 2 analysts recommended to BUY the stock. 1 analyst recommended to SELL the stock. The latest stock analyst recommendation is . Read the latest stock experts' ratings for American Electric Power Company Inc.
American Electric Power Company Inc was recommended as a Top Pick by on . Read the latest stock experts ratings for American Electric Power Company Inc.
Earnings reports or recent company news can cause the stock price to drop. Read stock experts’ recommendations for help on deciding if you should buy, sell or hold the stock.
3 stock analysts on Stockchase covered American Electric Power Company Inc In the last year. It is a trending stock that is worth watching.
On 2024-05-03, American Electric Power Company Inc (AEP-N) stock closed at a price of $88.595.
Pays a 4.4% dividend and the CEO is doing a fine job.