|Bid||70.26 x 100|
|Ask||70.30 x 300|
|Day's Range||69.71 - 70.89|
|52 Week Range||62.71 - 78.07|
|PE Ratio (TTM)||19.49|
|Forward Dividend & Yield||2.48 (3.60%)|
|1y Target Est||N/A|
This could indicate that investors who seek to profit from falling equity prices are not currently targeting AEP. Over the last one-month, outflows of investor capital in ETFs holding AEP totaled $1.67 billion.
Homes and businesses in Texas used record amounts of power for a second straight day on Thursday and are expected to use even more in coming days as consumers crank up air conditioners to escape a brutal heat wave, according to the operator of much of the state's power grid. To keep air conditioners humming, Texas utilities are buying electricity from all sources, boosting power prices to a near seven-year high earlier in the week. The Electric Reliability Council of Texas (ERCOT) said demand reached 73,259 megawatts on Thursday, topping the prior all-time high of 72,192 MW on Wednesday.
Homes and businesses in Texas used record amounts of power on Thursday afternoon, breaking the previous record set Wednesday, and are expected to use even more in coming days as consumers crank up air conditioners to escape a brutal heat wave, according to the operator of much of the state's power grid. The Electric Reliability Council of Texas (ERCOT) said demand reached a system-wide peak of 73,259 megawatts (MW) between 4 and 5 p.m, topping the prior record high of 72,192 MW on Wednesday. To keep air conditioners running, Texas utilities are buying electricity from all sources, keeping power prices near seven-year highs hit earlier in the week.
Texas homes and businesses set an all-time power consumption record on Wednesday as consumers crank up air conditioners to escape a brutal heat wave, according to the operator of most of the state's power grid. The Electric Reliability Council of Texas (ERCOT) said demand reached 71,438 megawatts (MW) on Wednesday, topping the grid's August 2016 high of 71,110 MW. To keep air conditioners humming, Texas utilities bought electricity from all sources, boosting power prices to their highest in almost seven years.
This could indicate that investors who seek to profit from falling equity prices are not currently targeting AEP. Over the last one-month, outflows of investor capital in ETFs holding AEP totaled $1.13 billion.
Among the 18 analysts covering American Electric Power (AEP), six have recommended a “hold,” eight have recommended a “buy,” four have recommended a “strong buy,” and none have recommended a “sell.”
In this daily bar chart of AEP, below, we can see that prices rallied straight up from $63 in early June to short of $72 last week. The daily On-Balance-Volume (OBV) line is positive and the Moving Average Convergence Divergence (MACD) oscillator is starting to narrow towards a take profits sell signal. In this weekly bar chart of AEP, below, we can see an uptrend over the past three years.
Utilities in the U.S. Northeast expect to have enough power to keep the lights on as homes and businesses crank up air conditioners to escape a heat wave, the region's power grid operators said on Tuesday. Temperatures in the biggest U.S. Northeast cities were all expected to reach the 90s Fahrenheit (32 Celsius) this week, the highest so far this summer. "We expect to have sufficient capacity through the heat wave but we will continue to closely monitor regional electricity supplies," said Marcia Blomberg, a spokeswoman at ISO New England, which operates the grid for the six New England states.
“Oh I think you will” see activists continue to go after growth-hungry utilities that have expanded beyond the regulated electricity business in search of profits, Akins said. For its part, AEP long ago got rid of its “unregulated” power plants -- the kind that sell their electricity directly into wholesale markets that can be volatile.
The Dow Jones Utilities Average (dju) rallied 1.4% toward a two-month high, and toward its best eight-session stretch in over two years, as global trade tensions sent the broader stock market tumbling and fueled a rally in safe-haven Treasurys. The implied yield for Dow utilities is 3.34%, compared with the implied yields for the Dow Jones Industrial Average (djia) of 2.20% and for the Dow Jones Transportation Average (djt) of 1.32%, and the yield on the 10-year Treasury note of 2.880%. The Dow utilities are on track for an eighth-straight gain.
American Electric Power Company Inc. is planning another significant investment in Central Ohio. The Columbus-based energy company, through its AEP Service Corp., plans to build a 22,000-square-foot Tier III backup data center in Groveport that would be connected to its existing data center in New Albany. "Technology investments will allow AEP to continue to provide our customers with reliable energy at a fair price," the company said in a statement.
Moody's Investors Service, ("Moody's") affirmed the ratings of AEP Transmission Company, LLC (AEP Transmission) including its Issuer and senior unsecured ratings at A2. AEP Transmission is a subsidiary of American Electric Power Company, Inc. (AEP, Baa1 stable). "AEP Transmission's A2 rating is driven by its low business risk profile as a transmission only holding company operating under the credit supportive regulatory framework established by the Federal Energy Regulatory Commission (FERC)", said Laura Schumacher, Vice President -- Senior Credit Officer.
Examining how American Electric Power Company Inc (NYSE:AEP) is performing as a company requires looking at more than just a years’ earnings. Below, I will run you through a simpleRead More...
A titanic $4.5 billion plan by AEP Corp. for the largest wind power investment in the United States has landed another key approval.
Equity valuations remain near historic highs, interest rates are rising, the bull market and the economic expansion are aging, and a trade war is escalating between the U.S. and China. This represents a "risk-on" environment in which investors may be well-advised to take defensive cover, according to Michael Wilson, the chief U.S. equity strategist at Morgan Stanley, per a report in Barron's. Wilson is recommending the utilities sector right now, and these four stocks have overweight ratings from Morgan Stanley: American Electric Power Co. Inc. ( AEP), PG&E Corp. ( PCG), Public Service Enterprise Group Inc. ( PEG), and XCEL Energy Inc. ( XEL).
According to a new note from Morgan Stanley analyst Michael Wilson, it’s a great time for investors to go defensive by buying utilities stocks. A significant divergence has occurred so far this year between the most risky and least risky assets, the analyst said. In the near-term, Wilson expects mean reversion will result in relative outperformance for low-risk assets such as utility stocks.
Moody's Investors Service, ("Moody's") affirmed Electric Transmission Texas, LLC's (ETT) Baa1 Issuer Rating with a stable outlook. Outlook Actions: ..Issuer: Electric Transmission Texas, LLC ...
Moody's Investors Service ("Moody's") affirmed the ratings of Evergy, Inc. (Evergy, Baa2, formerly Great Plains Energy), Westar Energy, Inc. (Westar, Baa1), Kansas Gas and Electric Company (KGE, Baa1), Kansas City Power & Light Company (KCP&L, Baa1), and KCP&L Greater Missouri Operations Company (GMO, Baa2). The rating outlooks are stable.
Bigger, better batteries are speeding up change in the U.S. electricity sector and could help power a rally in Xcel Energy Inc, American Electric Power Co Inc and other utility and renewable energy stocks, Barron's reported. After a decade of steep cost declines, wind and solar installations, often paired with battery storage, are increasingly displacing older coal and gas-fired power plants, benefiting battery makers and some utilities, the Barron's cover story said. The United States is expected to install more than 35 gigawatts of battery storage through 2025, which could save more than $4 billion in annual operating costs, Barron's said, citing the Washington-based Energy Storage Association trade group.