92.00 -0.05 (-0.05%)
Pre-Market: 9:21AM EST
|Bid||0.00 x 800|
|Ask||0.00 x 900|
|Day's Range||90.31 - 92.21|
|52 Week Range||72.26 - 96.22|
|Beta (5Y Monthly)||0.07|
|PE Ratio (TTM)||21.35|
|Earnings Date||Jan 22, 2020 - Jan 27, 2020|
|Forward Dividend & Yield||2.80 (3.04%)|
|1y Target Est||97.13|
Public Service Company of Oklahoma (PSO) has reached a settlement agreement with the Public Utility Division Staff of the Oklahoma Corporation Commission (OCC), Oklahoma Attorney General's Office, customer groups and other parties on the Company's proposal to add 675 megawatts (MW) of wind energy to serve customers. The settlement agreement, filed today with the OCC, seeks approval of terms for PSO's purchase of the North Central Energy Facilities.
The stock market has had a great 2019. Year-to-date, the S&P 500 is up about 28%. If the index were to trade flat into the end of the year, then 2019 would go down as the best year for the stock market since 2013, and the third-best year of the 2000s.But the stock market has also had a volatile 2019. Year-to-date, the S&P 500 has experienced more than 10 pullbacks of 2% or greater. By itself, that's not shocking. But what is shocking is that pretty much all of those 2% pullbacks have had the same culprit: the U.S.-China trade war.So, while I think U.S.-China trade tensions will ease going forward and the markets will consequently power higher, I also recognize that the trade war isn't over. Flare-ups will happen throughout 2020. Each one of those flare ups will be followed by a harsh stock market correction.InvestorPlace - Stock Market News, Stock Advice & Trading Tips * 7 Hot Stocks for 2020's Big Trends Given that, I don't blame you if you want sit out all the volatility and buy safety stocks in 2020 that don't have trade war exposure. If you're in that boat, this gallery is for you. I've hand picked a group of five safety stocks to buy for their strong internal fundamentals and lack of external trade war exposure. Safety Stocks to Buy: AT&T (T)Source: Jonathan Weiss / Shutterstock.com The core reason to be attracted to telecom giant AT&T (NYSE:T) in the midst of the U.S.-China trade war is that this company provides various wireless and wired communication services which consumers in the U.S. need (and will continue to pay up for), regardless of the global trade situation. Broadly, then, no matter how the trade war plays out, AT&T's revenue and profit trends should remain relatively stable, leading to a relatively stable AT&T stock price.Further, AT&T stock has two huge catalysts on the horizon which could propel shares higher in 2020. First, there's the big mainstream 5G push, which will lead to increased demand for AT&T's wireless services at more favorable price points, as well as an increase in the number of connected devices in AT&T's wireless network. Second, there's the big streaming push with HBO Max. If that service gains healthy momentum in the streaming world, then the company will have found a cure for its cord-cutting headwinds, and the stock will benefit from multiple expansion as secular cord-cutting fears disappear -- just see what happened with Disney (NYSE:DIS) stock and Disney+.Of course, any mention of T stock as a safety stock would be incomplete without mentioning that: 1) this stock is incredibly cheap at just 11-times forward earnings, and 2) the stock also has a huge dividend yield that is north of 5%. Facebook (FB)Source: Ink Drop / Shutterstock.com Perhaps shockingly, social media giant Facebook (NASDAQ:FB) makes this list of safety stocks to buy without trade war exposure because, at its core, this company does not have much trade exposure.Facebook doesn't operate in China, so there are no levers China can pull here to hurt Facebook. Further, FB's properties will remain highly engaging in all other countries that they do operate in, regardless of the trade situation. That's because Facebook provides entertainment and communication services which consumers deem as central to their day as brushing their teeth or combing their hair. So long as consumers remain engaged, advertisers will continue to pour money into the Facebook ecosystem to chase that engagement.Sure, there's the risk that escalating trade tensions depress capital spending plans. Advertising is part of those capital spending plans. In theory, if the trade war gets really bad, Facebook ad budgets could get hit. But that has yet to happen. It's unlikely to happen anytime soon, because cutting Facebook ad budgets is something no one wants to do unless things get really ugly. Things won't get really ugly in 2020. If anything, trade conditions will improve. * 7 Retail Stocks to Buy That Dominated Thanksgiving Shopping In the big picture, then, FB stock is actually well shielded from trade war volatility. At the same time, this is a 20%-plus revenue and profit growth company trading at less than 25-times forward earnings, an attractive combination which implies minimal valuation risk and huge upside potential. American Electric Power (AEP)Source: Casimiro PT / Shutterstock.com The three big reasons to like U.S. utility company American Electric Power (NYSE:AEP) so long as the U.S.-China trade war wages on are that this company: 1) has minimal trade exposure, 2) is characterized by unparalleled stability, and 3) has attractive safety stock characteristics.American Electric Power is a U.S. utility company which provides electricity and power services to U.S. consumers. They don't operate outside of the U.S. This 100% domestic focus shields the company from international trade war noise.At the same time, the electricity and power services which AEP provides are necessary, with unwavering demand. That is, regardless of how the U.S.-China trade situation plays out, U.S. consumers will forever need and pay up for electricity and power services. Demand isn't going anywhere anytime soon. Neither are AEP's revenues or profits. This financial stability creates tremendous support for AEP share price stability.Lastly, AEP stock trades at a reasonably 21-times forward earnings multiple, has a rock solid 3% dividend yield, and is supported by stable and sizable cash flows. These ideal safety stock characteristics imply that investor demand for AEP stock during turbulent times will remain strong. Walmart (WMT)Source: Sundry Photography / Shutterstock.com Investors may be shocked to see global retail giant Walmart (NYSE:WMT) on this list. After all, Walmart does operate in the retail world, and tariffs do have a direct negative impact across the entire retail world in the form of higher input prices.Walmart is no exception here. The higher tariffs go, the higher Walmart's input costs will go, and the more that will either: 1) weigh on Walmart's margins, or 2) push up Walmart's shelf prices. But if you zoom out, it's easy to see that Walmart is actually a winner here.One of two things will happen in 2020. Either U.S.-China trade tensions will meaningfully de-escalate, or they won't. If they do, Walmart will continue to fire on all cylinders through sustained omni-channel and e-commerce expansion. If they don't, tariffs will pressure the entire retail sector. But, consumers won't stop shopping. They will just become more price-sensitive. The more price-sensitive they become, the more likely they are to shop at off-price stores, and Walmart is king in the off-price category.This is exactly why WMT stock was a huge out-performer during the last economic downturn. Consumers don't stop shopping when times get tough. They just shop smarter. * 9 Tech Stocks You Wish You'd Bought During 2019 Big picture, then, it looks like WMT stock is a strong safety stock to buy, because it will outperform regardless of which way the trade war swings. McDonald's (MCD)Source: 8th.creator / Shutterstock.com Last, but not least, on this list of safety stocks to buy without trade war exposure is global fast-casual food giant McDonald's (NYSE:MCD).The bull thesis on MCD stock as a safety stock is pretty simple. Regardless of how the trade war progresses, consumers globally still need to eat. Consequently, they will still visit McDonald's stores. Further, if trade tensions do escalate, that will cause broad consumer concern, which will in turn force consumers to become more price-sensitive. The more price-sensitive they become, the more they will cut back on costs. One way to cut back on costs? Stop going to expensive restaurants, and start going to McDonald's.As such, much like Walmart, McDonald's is supported by this fact that consumers don't stop buying things when times get tough -- they just start buying cheaper things.Also of note, tariffs have not created much noise in McDonald's financials, nor will they anytime soon. The word tariff wasn't mentioned even once during the company's most recent earnings call. Nor was the U.S.-China trade war. This lack of financial noise will help keep MCD stock shielded from trade-war-induced market volatility in 2020.As of this writing, Luke Lango was long T, FB, and WMT. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 7 Hot Stocks for 2020's Big Trends * 7 Lumbering Large-Cap Stocks to Avoid * 5 ETFs for Oodles of Monthly Dividends The post 5 Safety Stocks to Buy Without Trade War Exposure appeared first on InvestorPlace.
It is already common knowledge that individual investors do not usually have the necessary resources and abilities to properly research an investment opportunity. As a result, most investors pick their illusory “winners” by making a superficial analysis and research that leads to poor performance on aggregate. Since stock returns aren't usually symmetrically distributed and index […]
Today I will examine American Electric Power Company, Inc.'s (NYSE:AEP) latest earnings update (30 September 2019) and...
(Bloomberg) -- Flooding rains, heavy snow and gusty winds across the U.S. are disrupting travel on one of the busiest days of the year and threatening to keep Thanksgiving Day parade balloons from flying in New York City.Two large storms were hitting as close to 55 million people were expected to take to the roads and air ahead of the U.S. holiday Thursday, according to AAA. Areas around Denver received 8 to 12 inches (20 to 30 centimeters) of snow, causing treacherous road conditions and complicating air travel.Both coasts are facing weather issues. In New York City, winds could reach 25 miles (40 kilometers) per hour on Thursday, threatening to ground the massive balloons at Macy’s Thanksgiving Day parade. In Oregon and California, a powerful Pacific Ocean storm may bring snow by the foot across the Sierra Nevada mountains and torrential rains to Southern California that could touch off mudslides, said Brian Hurley, a senior branch forecaster at the U.S. Weather Prediction Center.“Where it is not snow, it is going to be very windy,” said Dan Pydynowski, a meteorologist at AccuWeather Inc. “In a place like Chicago, they are already seeing wind gusts of 50 miles per hour. Those winds will spread eastward tonight and tomorrow.”High winds have already knocked out power to more than 210,000 homes and businesses in the Midwest and another 60,000 in Northern California, according to utility websites. American Electric Power Co. reported 38,000 customers without power and warned that outages had “the potential to climb” amid high winds.Macy’s BalloonsNew York was warm and cloudy before the winds were forecast to arrive Thursday, when ground crews will use ropes to guide huge balloons through the heart of Manhattan. “The Macy’s balloons will be a concern,” Hurley said.Macy’s Inc. said in a statement it will meet with the New York Police Department early Thursday to determine which balloons -- including those in the shape of SpongeBob SquarePants, Snoopy, Pikachu and other characters -- will fly.“Each is designed to fly at different heights and angles based on their shape and scale and the exact wind conditions along the route,” the company said in an email. “The decision on adding the balloons to the lineup is made by NYPD and Macy’s officials just prior to the start of the parade.”None of the giant balloons are allowed to fly if there are sustained winds exceeding 23 mph or gusts of more than 34 mph on the route.Meanwhile, more than 100 U.S. flights were canceled and 2,000 flights were delayed Wednesday, according to the website for FlightAware. Treacherous road conditions contributed to at least one fatal accident, when three tractor-trailers and a pickup truck collided on Interstate 70 west of Denver, according to state police.Read More: California’s Wildfire (and Blackout) Season Is Coming to a CloseIn California, snow could fall at lower elevations, making travel along Interstate 5 -- a north-south artery -- difficult.“There will certainly be impacts in both air and ground travel in a lot of California,” AccuWeather’s Pydynowski said.Traffic may be especially snarled this year, with estimates of more drivers taking to the roads solo with fuel prices basically flat compared with last year.(Updates with AEP power failures in fifth paragraph)\--With assistance from Christopher Martin, Vincent Del Giudice and Naureen S. Malik.To contact the reporter on this story: Brian K. Sullivan in Boston at firstname.lastname@example.orgTo contact the editors responsible for this story: Tina Davis at email@example.com, Lynn Doan, Steven FrankFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.
Exelon's (EXC) cost-saving initiatives and planned capital expenditure to strengthen its existing infrastructure are likely to drive the company's performance.
Moody's Investors Service ("Moody's") revised the outlook for AEP Texas Inc. ("AEP Texas", Baa1) to negative from stable in light of the company's current capital and financing plans and recent regulatory developments. At the same time, Moody's affirmed AEP Texas' ratings, including its Baa1 senior unsecured and Issuer ratings. AEP Texas is a transmission and distribution utility subsidiary of American Electric Power Company, Inc. ("AEP", Baa1 negative).
The Public Utilities Commission of Ohio has blocked American Electric Power Co. Inc. from raising customers rates to finance what could be the state's largest solar farm.
IDACORP (IDA) adopts a new dividend policy that revises its long-term dividend payout ratio to 60-70% from the prior range of 50-60% of its earnings. This move is likely to improve shareholder value.
American Electric's (AEP) strong liquidity position, supported by its revolving credit facility, enables it to finance upcoming initiatives.
Utilities aren’t just a defensive play, they will offer among the best return of any sector over the long term, one asset manager says.
COLUMBUS, Ohio , Nov. 18, 2019 /PRNewswire/ -- AEP Energy Partners (AEPEP), a subsidiary of American Electric Power Company (NYSE: AEP), is seeking proposals for off-take from new solar and new or repowered ...
Announcement of Periodic Review: Moody's announces completion of a periodic review of ratings of American Electric Power Company, Inc. New York, November 11, 2019 -- Moody's Investors Service ("Moody's") has completed a periodic review of the ratings of American Electric Power Company, Inc. and other ratings that are associated with the same analytical unit. The review was conducted through a portfolio review in which Moody's assessed the appropriateness of the ratings in the context of the relevant principal methodology(ies), recent developments, and a comparison of the financial and operating profile to similarly rated peers, which was followed by a rating committee.
Moody's Investors Service ("Moody's") revised the outlook for American Electric Power Company, Inc. (AEP) to negative from stable following a review of the company's updated capital and financial plans. At the same time, Moody's affirmed the ratings of AEP, including its Baa1 senior unsecured, Baa2 junior subordinate and its Prime-2 short-term rating for commercial paper.
COLUMBUS, Ohio, Nov. 8, 2019 /PRNewswire/ -- American Electric Power (AEP) will continue focusing capital investments in its regulated operations and contracted renewables as the company builds a cleaner, smarter and more reliable energy system to benefit both customers and shareholders. The company reaffirmed its 2020 operating earnings (earnings excluding special items) guidance range of $4.25 to $4.45 per share, and its projected annual operating earnings growth rate of 5% to 7%. AEP management will discuss the company's financial outlook and earnings growth strategy at the annual Edison Electric Institute Financial Conference that begins Nov. 10 in Orlando, Fla.
Fortress Information Security launches the Asset to Vendor Network (A2V), a new platform where electric energy companies can collectively help reduce the costs of protecting the U.S. power grid from cyber threats. ORLANDO, Fla., Nov. 8, 2019 /PRNewswire/ -- Fortress Information Security (Fortress) today announced the launch of the Asset to Vendor Network for Power Utilities (A2V), a joint venture with American Electric Power (AEP).
PG&E announced a $13.5 billion settlement with several victims of those impacted by the California wildfires. Yahoo Finance’s Seana Smith and Ines Ferre discuss on The Ticker.