AEP Stock Recent News

The utility sector is now the third-best-performing sector year to date and the top-performing S&P 500 sector of the second quarter after a solid rally in the past month.

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 provide significant upside potential.

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.

American Electric Power Company, Inc. (NASDAQ:AEP ) Q1 2024 Earnings Conference Call April 30, 2024 9:00 AM ET Company Participants Darcy Reese - VP, IR Ben Fowke - Interim President, Interim CEO & Director Peggy Simmons - EVP, Utilities Charles Zebula - EVP & CFO Conference Call Participants Jeremy Tonet - JPMorgan Chase & Co. Steven Fleishman - Wolfe Research Jamieson Ward - Guggenheim Securities Durgesh Chopra - Evercore ISI Andrew Weisel - Scotiabank Carly Davenport - Goldman Sachs Group Nicholas Campanella - Barclays Bank Ryan Levine - Citigroup Paul Patterson - Glenrock Associates Operator Good morning, ladies and gentlemen, and thank you for standing by. My name is Abby, and I will be your conference operator today.

American Electric's (AEP) first-quarter earnings miss estimates but rise year over year by 14.4%. The company's 2024 EPS outlook remains unchanged.

Although the revenue and EPS for AEP (AEP) give a sense of how its business performed in the quarter ended March 2024, it might be worth considering how some key metrics compare with Wall Street estimates and the year-ago numbers.

American Electric Power (AEP) came out with quarterly earnings of $1.27 per share, missing the Zacks Consensus Estimate of $1.30 per share. This compares to earnings of $1.11 per share a year ago.

American Electric Power beat first-quarter profit estimates on Tuesday, as the electric utility benefited from higher demand and usage from commercial customers.

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.

American Electric Power's (AEP) Q1 results are likely to reflect mixed weather pattern impacts, along with increased retail load, amid higher interest expenses.