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American Electric Power Company, Inc. - $AEP STOCK NEWS

Welcome to our dedicated page for American Electric Power Company news (Ticker: $AEP), a resource for investors and traders seeking the latest updates and insights on American Electric Power Company stock.

Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect American Electric Power Company's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.

Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of American Electric Power Company's position in the market.

Rhea-AI Summary

American Electric Power (AEP) released its 2024 Corporate Sustainability Report, showcasing its commitment to sustainable business practices, stakeholder engagement, and long-term value creation. The report emphasizes AEP's growth strategy, environmental compliance, and employee well-being. The company's $43 billion investment plan aims to meet energy needs while transitioning to a cleaner energy economy. AEP's goal is to achieve net-zero emissions by 2045.

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End-of-Day
2.46%
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Rhea-AI Summary

American Electric Power (AEP) reported strong first-quarter 2024 earnings with GAAP earnings of $1.91 per share and operating earnings of $1.27 per share. The company reaffirmed its 2024 operating earnings guidance of $5.53 to $5.73 per share with a focus on economic development driving 10.5% commercial load growth. AEP's strategic investments in grid modernization and renewable energy demonstrate long-term growth potential.

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-0.74%
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Rhea-AI Summary

American Electric Power (AEP) has scheduled a quarterly earnings conference call with financial analysts on April 30, 2024. The webcast will be live on their website and include audio, charts, and graphics. AEP is a major electricity producer investing in cleaner energy solutions and aims to reduce carbon emissions significantly by 2030 and achieve net zero by 2045.

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Rhea-AI Summary
American Electric Power Co. (AEP) announces a quarterly cash dividend of 88 cents per share on its common stock. The dividend, payable on June 10, 2024, marks the company's 456th consecutive quarterly dividend since July 1910. AEP focuses on providing safe, reliable, and affordable power to over 5.6 million customers across 11 states, with significant investments in renewable energy and grid modernization. The company aims for an 80% reduction in carbon dioxide emissions by 2030 and net zero emissions by 2045, demonstrating a commitment to sustainability and community engagement.
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0.78%
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American Electric Power (AEP) has been recognized as one of America's Best Employers for Diversity by Forbes in 2024. The company's inclusion in the list was based on an independent survey of over 170,000 U.S.-based employees, evaluating criteria such as age, gender, ethnicity, disability, and sexual orientation equality. AEP's diversity-related practices, including employee resource groups and community engagement initiatives, contributed to its ranking among the top 500 employers for diversity.
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0.78%
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American Electric Power (AEP) receives the JUST Jobs Leader designation on the JUST Jobs Scorecard, showcasing its commitment to employee well-being and development. AEP excels in employee wellness and training, earning maximum scores in these areas.
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American Electric Power (AEP) completes the sale of its 50% interest in New Mexico Renewable Development, LLC to Exus North America Holdings, LLC, netting approximately $104 million. The sale includes nine operating solar developments and six projects under development.
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News
Rhea-AI Summary
American Electric Power (AEP) reports 2023 GAAP earnings of $4.26 per share, with operating earnings at $5.25 per share. 2024 operating earnings guidance remains at $5.53 to $5.73 per share. The company focuses on de-risking, cost control, and grid investments to benefit customers.
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4.09%
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American Electric Power (AEP) appoints Benjamin G.S. Fowke III as interim CEO & President, while Sara Martinez Tucker becomes Chair of the Board. The company also discloses its 2023 financial results and reaffirms its 2024 operating earnings guidance.
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Rhea-AI Sentiment
End-of-Day
4.09%
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Rhea-AI Summary
American Electric Power (AEP) has scheduled a quarterly earnings conference call for financial analysts. AEP is a major electricity producer and distributor with a focus on sustainability and clean energy. The company aims to reduce carbon emissions and achieve net zero by 2045.
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Rhea-AI Sentiment
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2.08%
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American Electric Power Company, Inc.

Nasdaq:AEP

AEP Rankings

AEP Stock Data

47.37B
525.26M
0.03%
78.54%
1.78%
Nuclear Electric Power Generation
Utilities
Link
United States of America
COLUMBUS

About AEP

american electric power is one of the largest electric utilities in the united states, delivering electricity to more than 5 million customers in 11 states. aep ranks among the nation’s largest generators of electricity, owning nearly 38,000 megawatts of generating capacity in the u.s. aep also owns the nation’s largest electricity transmission system, a nearly 39,000-mile network that includes more 765-kilovolt extra-high voltage transmission lines than all other u.s. transmission systems combined. aep’s utility units operate as aep ohio, aep texas, appalachian power (in virginia and west virginia), aep appalachian power (in tennessee), indiana michigan power, kentucky power, public service company of oklahoma, and southwestern electric power company (in arkansas, louisiana and east texas). aep’s headquarters are in columbus, ohio.