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Millions of Americans recently suffered through, or are continuing to suffer from a deadly heat wave. Cynically, this framework is a positive for utility stocks.
Kenvue is less than 3% off its 52-week low, but the sell-off is a buying opportunity. Shares of dividend powerhouse American Electric Power are on a summer sale.
Investors need to pay close attention to American Electric (AEP) stock based on the movements in the options market lately.
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 Paul Caudill, former CEO of NV Energy, a Berkshire Hathaway Energy portfolio company, and Senior Advisor to the.
American Electric (AEP) is expected to benefit from its systematic investment plan and renewable portfolio expansion amid the impacts of an increased interest rate environment.
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.
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.