|Bid||92.51 x 800|
|Ask||92.53 x 800|
|Day's Range||91.98 - 92.79|
|52 Week Range||72.26 - 96.22|
|Beta (3Y Monthly)||0.07|
|PE Ratio (TTM)||21.43|
|Forward Dividend & Yield||2.80 (3.03%)|
|1y Target Est||N/A|
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.
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.
Charts indicate that the utilities sector may be ready for a retracement. Trade these power providers that have formed topping patterns.
When we invest, we're generally looking for stocks that outperform the market average. Buying under-rated businesses...
AES Corp's. (AES) earnings rise 37.1% year over year to 48 cents per share, primarily owing to contributions from new businesses and a lower effective tax rate.
Inconsistent requirements for charging stations across Europe are keeping the infrastructure for electric cars from growing as fast as it could, the CEO of ChargePoint, one of the world's largest charging network operators, said on Tuesday. Speaking in Lisbon at the Web Summit, Europe's largest technology conference, Pasquale Romano said the European Union was the "only governing body" able to tackle the issue. "Germany has very specific metering requirements.
Moody's Investors Service ("Moody's") has completed a periodic review of the ratings of Electric Transmission Texas, LLC and other ratings that are associated with the same analytical unit. The review was conducted through a portfolio review in which Moody's reassessed 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. This publication does not announce a credit rating action and is not an indication of whether or not a credit rating action is likely in the near future.