AEP - American Electric Power Company, Inc.

NYSE - NYSE Delayed Price. Currency in USD
93.18
0.00 (0.00%)
At close: 4:03PM EDT
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Previous Close93.18
Open93.33
Bid90.79 x 800
Ask93.53 x 800
Day's Range92.91 - 93.56
52 Week Range68.92 - 93.56
Volume2,241,090
Avg. Volume2,191,175
Market Cap46.091B
Beta (3Y Monthly)0.13
PE Ratio (TTM)23.30
EPS (TTM)4.00
Earnings DateOct 23, 2019 - Oct 28, 2019
Forward Dividend & Yield2.68 (2.88%)
Ex-Dividend Date2019-08-08
1y Target Est92.70
Trade prices are not sourced from all markets
  • PG&E reaches $11 billion settlement with CA wildfire insurers
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  • Moody's

    AEP Texas Restoration Funding, LLC - Senior Secured System Restoration Bonds -- Moody's assigns definitive ratings to AEP Texas utility restoration charge bonds

    This is AEP Texas's fourth securitization, but the first storm restoration charge issuance. While the nature of the costs recovered through the issuance of the 2019 bonds is different than that of AEP Texas's previous securitizations, the statutory framework with respect to the right to recover costs through a securitization is very similar among all transactions.

  • AEP Names Garcia to Board of Directors
    PR Newswire

    AEP Names Garcia to Board of Directors

    COLUMBUS, Ohio , Sept. 18, 2019 /PRNewswire/ -- Art A. Garcia, recently retired executive vice president and chief financial officer of Ryder System Inc., has been elected to the American Electric Power ...

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  • 5 Stable Dividend Stocks to Buy as Fixed Income Vanishes
    InvestorPlace

    5 Stable Dividend Stocks to Buy as Fixed Income Vanishes

    Income in the bond market is rapidly disappearing, and that's a weird concept to try and wrap your head around.For decades -- centuries, even -- investors around the world have bought fixed-income instruments for relatively risk-free income. The concept is simple. You give money to a government or corporate entity who turns around and pays you interest for lending that money to compensate for risk and time.But this simple concept has been flipped on its head recently. Specifically, the "interest" part of the above fixed-income equation has gone out the window. Consider the following:InvestorPlace - Stock Market News, Stock Advice & Trading Tips * The 10-year Treasury yield is flirting with all-time lows around 1.8%. * The 30-year Treasury yield has plunged to all-time lows around 2.2%. * About one-third of tradeable bonds around the world now have negative yields, amounting to $17 trillion in negative-yielding debt. * The yield curves are entirely negative in countries like Germany, Denmark and the Netherlands.In other words, across the world, the income part of the fixed-income equation is rapidly disappearing. Weird, right?Despite this, U.S. equities are still giving investors income. That is, the S&P 500's dividend yield presently hovers around 2% -- significantly above all-time low levels (roughly 1% in 2000) and also on the upper end of where the S&P 500 dividend yield has hovered over the past 20 years.Big picture, then, while the fixed income market is suffering from disappearing income, stocks are still paying good income. * 7 Discount Retail Stocks to Buy for a Recession The implication? Buy stable dividend stocks which pay more than any other relatively risk-free bond in the world will. As investors grow tired of not even beating inflation by buying a 10-year Treasury note, they will inevitably pile into stocks which: 1) have much higher yields, and 2) have a history of steady and consistent dividend hikes.Without further ado, let's take a look at five dividend stocks that fit this description. Dividend Stocks to Buy: AT&T (T)Source: Jonathan Weiss / Shutterstock.com Dividend Yield: 5.3%Dividend History: The dividend has consistently increased over the past 34 years.At the top of this list, we have a stock which many consider the blue-chip dividend king: telecom giant AT&T (NYSE:T).AT&T has everything investors are looking for in a stable, income-paying stock. Big yield? Check. The stock yields 5.3%. History of dividend hikes? Check. AT&T has consistently hiked its dividend over the past three decades.Stable operations? Check. AT&T provides telecom services which U.S. consumers have become exceptionally dependent on -- indeed, the internet and wireless services which AT&T provides may be the most important utilities outside of water, food and electricity. Healthy catalysts on the horizon? Also, check. Next year, AT&T: 1) is launching new streaming services which should help offset cord-cutting weakness, and 2) will benefit from the mainstream and widespread deployment of 5G infrastructure and devices.AT&T stock is the quintessential stable dividend stock to buy at the current moment. American Electric Power (AEP)Source: Casimiro PT / Shutterstock.com Dividend Yield: 2.9%Dividend History: The dividend has consistently increased over the past six years.Next up, we have a utility giant that is best known for its stability and resiliency: electricity services provider American Electric Power (NYSE:AEP).Relative to other "big dividend stocks," AEP's yield isn't that big. It sits at just 2.9%. But, there are three things to note here. First, that 2.9% yield still smashes the 1.8% 10-year Treasury yield. Two, American Electric Power has a long track record of consistent dividend hikes that dates back at least six years, a stretch during which the dividend increased 100%. Three, American Electric Power has an equally long track record of consistent and stable revenue and profit growth, which has powered consistent gains in AEP stock over the past decade. * 10 Battered Tech Stocks to Buy Now As such, what AEP lacks in yield, it makes up for in operational consistency and stability. Consequently, the best way to look at AEP stock is as the best "stable" stock to buy. It just so happens to yield almost 3%, too, which is an added bonus. Qualcomm (QCOM)Source: JHVEPhoto / Shutterstock.com Dividend Yield: 3.1%Dividend History: The dividend has consistently increased over the past eight years.Third, we have a global chip giant that appears to be on the verge of finding its winning stride again -- Qualcomm (NASDAQ:QCOM).Unlike AT&T and American Electric Power, Qualcomm is not traditionally seen as an icon of stability. Just look at a five-year chart of QCOM stock to see why. But, most of the turbulence in QCOM stock over the past five years has been driven by operational noise -- namely, a big legal battle with their largest customer, Apple (NASDAQ:AAPL). That legal battle is now over, and it ended in a favorable outcome for Qualcomm.Consequently, looking in the rear-view mirror here is the wrong way to look at QCOM stock. It's not about what has happened. It's about what will happen. What will happen is good stuff. Qualcomm has locked in Apple as a customer for the next several years. At the same time, 5G phones are launching next year, and it appears pretty much every smartphone provider is leaning into Qualcomm to provide the infrastructure for those 5G phones. As such, Qualcomm will find itself as a big beneficiary of the 5G tailwind. This tailwind should last for several years, meaning that Qualcomm should be in winning stride for the foreseeable future.Ahead of the company regaining its winning stride, the stock still yields an impressive 3.1%. Thus, not only does QCOM stock have a compelling multi-year bull thesis, but the stock is also paying investors to buy into that compelling bull thesis. It's a win-win situation that ultimately gives QCOM the nod as a stable dividend stock to buy here and now. CVS (CVS)Source: Roman Tiraspolsky / Shutterstock.com Dividend Yield: 3.1%Dividend History: CVS last increased its dividend payout in 2017.Fourth, we have an undervalued, stable stock that is in the midst of a potentially huge breakout -- retail pharmacy giant CVS (NYSE:CVS).It's been a rough few years for CVS stock. On the retail pharmacy side, increased competition has simultaneously pressured current sales trends and depressed investor sentiment regarding future sales trends. On the pharmacy benefit manager side, legislation has similarly pressured sales and profits.Consequently, by mid-2019, CVS stock had dropped to $50 -- the stock's lowest level since early 2013 -- and was trading at under 8x forward earnings.Since then, retail sales trends have improved as CVS has refreshed stores and expanded omni-channel capabilities to overstep the competition. Such improvements should persist as the company expands a local healthcare program which has potential to dramatically improve core operational performance trends. At the same time, the White House has scrapped a bill which would've been disastrous for PBMs. And now the outlook on that side of the business is also improving significantly. * 10 Stocks to Sell in Market-Cursed September In response to these positive developments, CVS stock has rallied nearly 20% over the past three months. This rally is just getting started. The stock is still cheap, the yield is still big, the outlook is still improving and the upward momentum is very real. As such, CVS stock appears to be in the first few innings of a huge breakout. Target (TGT)Source: jejim / Shutterstock.com Yield: 2.4%Dividend History: The dividend has consistently increased over the past 51 years.Last, but not least, we have a blue-chip retail giant that is absolutely on fire today: Target (NYSE:TGT).The story at Target is pretty simple. A few years back, the mainstream emergence and adoption of e-commerce caused a traffic exodus out of Target stores. For a short period of time, Target struggled. Then, Target adapted. It built out a big e-commerce operation, refreshed stores to be more tech-savvy, built out omni-channel capabilities, expanded in-store and online offerings and much more.In a nutshell, Target became the quintessential, modern omni-channel retailer that leveraged technology to optimize customer convenience in every way possible.It worked. Over the past few years, Target has fired off its best numbers in a decade. We are talking decade-best sales growth, comparable sales growth, online sales growth and traffic growth. At the same time, margins have been largely stable, so profit growth has been equally robust. TGT stock has naturally rallied big in response to this operational excellence.This rally is far from over. Target has optimally positioned itself so that -- so long as the U.S. consumer remains healthy -- Target will continue to report impressive numbers. The stock isn't terribly expensive at all (17-times forward earnings), the yield remains big (2.4%) and TGT stock has very healthy upward momentum.TGT stock is a stable dividend stock which should stay in rally mode for the foreseeable future.As of this writing, Luke Lango was long T, QCOM, and CVS. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 10 Big IPO Stocks From 2019 to Watch * 7 Discount Retail Stocks to Buy for a Recession * 7 Stocks to Buy Benefiting From Millennial Money The post 5 Stable Dividend Stocks to Buy as Fixed Income Vanishes appeared first on InvestorPlace.

  • American Electric (AEP) to Cut Emission, Enhances Renewables
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  • How to Time the Markets Like an Investing Pro - September 12, 2019
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  • AEP Accelerates Carbon Dioxide Emissions Reduction Target
    PR Newswire

    AEP Accelerates Carbon Dioxide Emissions Reduction Target

    COLUMBUS, Ohio, Sept. 10, 2019 /PRNewswire/ -- American Electric Power (AEP) is cutting carbon dioxide emissions faster than anticipated and has revised its 2030 reduction target to 70 percent from 2000 levels. The company's previous target was a 60 percent reduction from 2000 levels by 2030. "AEP's overall strategy is focused on modernizing the power grid, expanding renewable energy resources and delivering reliable energy to our customers.

  • Reuters

    Texas power prices dive from record high as consumers conserve energy during heat wave

    Spot power prices in Texas for Friday crashed from a record high as consumers responded to requests from the state's grid operator to turn down their air conditioners and take other steps to save energy during a brutal heat wave. High temperatures in Houston hit 100 degrees Fahrenheit (38 Celsius) on Thursday and were expected to top that on Friday and come close to triple digits over the weekend before slipping to the mid 90s next week, according to AccuWeather. The Electric Reliability Council of Texas (ERCOT) called on Texans to conserve energy on Thursday and Friday by limiting the use of large appliances and turning the thermostat on their air conditioners up a few degrees.

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  • Reuters

    UPDATE 1-Texas power prices jump to record high as heat bakes state

    Spot power prices in Texas soared to a record high for Thursday as consumers cranked up their air conditioners to escape another brutal heat wave. The combination of heat and humidity will make it feel more like 108 F in Houston Thursday afternoon and above 110 over the weekend. The Electric Reliability Council of Texas (ERCOT), grid operator for much of the state, called on consumers to conserve energy on Thursday and Friday.

  • Moody's

    AEP Texas Restoration Funding, LLC - Senior Secured System Restoration Bonds -- Moody's assigns (P)Aaa (sf) to AEP Texas utility restoration charge bonds

    This will be AEP Texas's fourth utility restoration charge issuance, of which two are outstanding. While the nature of the costs recovered through the issuance of the 2019 bonds is different than that of previous AEP Texas's securitizations, the statutory framework with respect to the right to recover costs through a securitization is very similar among all transactions. The issuer is wholly-owned by AEP Texas, a subsidiary of American Electric Power Company, Inc. (Baa1 stable).

  • AEP buys prominent Marble Cliff office buildings near Upper Arlington
    American City Business Journals

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    Several businesses in Marble Cliff may be headed to new homes as Columbus-based energy giant American Electric Power Company Inc. considers expanding a nearby substation.

  • Is American Electric Power Company, Inc.’s (NYSE:AEP) Return On Capital Employed Any Good?
    Simply Wall St.

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  • 11 Utility Stocks and Funds to Buy for Safety and Income
    Kiplinger

    11 Utility Stocks and Funds to Buy for Safety and Income

    Utility stocks and funds are in a fortuitous position right now. Investors tend to seek them out when recession fears creep (like they are right now), and they also tend to perform well when interest rates decline.Several countries have shown signs of economic weakness, sparking worries about a global recession. The U.S.-Chinese trade war hasn't helped, blunting the growth of the planet's two largest economies. And Derek Horstmeyer, an assistant finance professor at George Mason University, points out what many experts have said about the yield curve's recent inversion. Namely, he calls it a "strong signal that we are in the late stages of economic expansion and may indeed be headed for a recession within the next 18 months." That's a boon to safe-haven sectors such as utilities and consumer staples, as what they produce is always in demand, no matter what the economy is doing. Utility stocks, with their high returns on assets and high dividends, should be considered given that they "tend to do well in late-cycle periods," Horstmeyer says.The utility sector also is attractive as interest rates fall, says Robert Johnson, a finance professor at Creighton University. "The dividend yield on the utility sector is especially attractive in this abnormally low-interest-rate environment as the yields on utility stocks exceed the yields on long-term U.S. government debt by a substantial margin," he says.Here are 11 utility stocks and fund to buy for safety and income. This list includes a few standouts in the sector, as well as several ways to diversify your risk while collecting these stocks' above-average dividends. SEE ALSO: All 30 Dow Stocks Ranked: The Analysts Weigh In

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  • AEP Names Filipkowski Vice President, Information Technology
    PR Newswire

    AEP Names Filipkowski Vice President, Information Technology

    COLUMBUS, Ohio , Aug. 22, 2019 /PRNewswire/ -- American Electric Power (NYSE: AEP) has named Greg Filipkowski vice president, Information Technology, effective Aug. 24 . Filipkowski has been serving in ...

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  • American Electric Power Service Corporation Seeks Bids For Coal
    PR Newswire

    American Electric Power Service Corporation Seeks Bids For Coal

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