AEP Stock Recent News

COLUMBUS, Ohio , Jan. 21, 2025 /PRNewswire/ -- The Board of Directors of American Electric Power (Nasdaq: AEP) has declared a regular quarterly cash dividend of 93 cents per share on the company's common stock. The dividend is payable March 10, 2025, to shareholders of record as of Feb. 10, 2025, and is the company's 459th consecutive quarterly common stock cash dividend.

Indiana Michigan Power Rockport Plant site identified as potential location for a Small Modular Reactor Following positive community discussions, Appalachian Power submits grant application to support permitting process at Joshua Falls site COLUMBUS, Ohio , Jan. 17, 2025 /PRNewswire/ -- American Electric Power (Nasdaq: AEP) is seeking grants from the U.S. Department of Energy (USDOE) to support the Early Site Permit (ESP) process for two potential Small Modular Reactor (SMR) sites. Through its Indiana Michigan Power (I&M) operating company, AEP is announcing that property at the Rockport Plant in Spencer County, Indiana, has been identified as a potential SMR site.

AEP (AEP) has an impressive earnings surprise history and currently possesses the right combination of the two key ingredients for a likely beat in its next quarterly report.

The Zacks Earnings ESP is a great way to find potential earnings surprises. Why investors should take advantage now.

BofA Securities analyst Ross Fowler upgraded the shares of American Electric Power Company Inc AEP from Underperform to Buy and raised the price target from $98 to $104.

A 50/50 strategic partnership between KKR and PSP Investments agrees to acquire 19.9% non-controlling equity interest in two AEP Transcos for $2.82 billion Transaction provides highly efficient financing to support AEP's five-year, $54 billion capital investment plan, enhance reliability for customers and strengthen balance sheet COLUMBUS, Ohio , Jan. 9, 2025 /PRNewswire/ -- American Electric Power (Nasdaq: AEP) today announced a definitive agreement for a strategic partnership between KKR and PSP Investments to acquire a 19.9% equity interest in the company's Ohio and Indiana & Michigan Transmission Companies (Transcos) for $2.82 billion. The Transcos are transmission-only, Federal Energy Regulatory Commission (FERC) regulated utilities that build, own and operate transmission infrastructure.

The S&P 500 notched a rip-roaring 53.2% gain in the two-year period from 2023 through 2024. Passive income collected from most dividend stocks during this period pales in comparison to the capital gains of the broader market.

COLUMBUS, Ohio , Jan. 7, 2025 /PRNewswire/ -- American Electric Power (Nasdaq: AEP) has named Trevor I. Mihalik executive vice president and chief financial officer effective Jan. 20.

Long-term rates have risen, creating potential buying opportunities for utilities like AEP, AWK, AWR, BKH, ES, EVRG, SJW, WEC, WTRG, and XEL. These utilities have strong fundamentals, attractive valuations, and investment-grade balance sheets, offering potential total returns of 20% to 56% by 2025. Despite rate sensitivity, these utilities are well-positioned for long-term growth with secure dividends and robust balance sheets.

AEP continues to benefit from its systematic investment plan and renewable portfolio expansion initiatives.