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) announces an agreement with Icahn Capital L.P. to add Hunter C. Gary and Hank P. Linginfelter to its Board of Directors. The company aims to leverage their expertise to enhance value for shareholders and optimize its operations.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
1.53%
Tags
-
Rhea-AI Summary
American Electric Power (AEP) has been named to the JUST 100 list for the fourth year in a row, recognizing the company as one of America's best corporate citizens. AEP ranked in the top 20, showcasing its commitment to stakeholders and excellence in creating jobs, protecting worker health and safety, and environmental sustainability. AEP's chair, president, and CEO, Julie Sloat, expressed pride in the company's efforts to support employees, customers, and communities while delivering reliable and affordable service for a brighter energy future.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-2.33%
Tags
-
Rhea-AI Summary
American Electric Power (Nasdaq: AEP) received three Outstanding Customer Engagement awards from the Edison Electric Institute (EEI) and national key accounts customers. AEP's National Accounts team manages 250 large, multi-site customers representing more than 60,000 billed accounts within AEP's 11-state service territory. The company is investing $43 billion over the next five years to make the electric grid cleaner and more reliable, aiming for an 80% reduction in carbon dioxide emissions from 2005 levels by 2030 and net zero by 2045.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.69%
Tags
Rhea-AI Summary
American Electric Power Co. declares a regular quarterly cash dividend of 88 cents per share on the company's common stock, payable on March 8, 2024. AEP has paid a cash dividend on its common stock every quarter since July 1910. The company is investing $43 billion over the next five years to make the electric grid cleaner and more reliable, aiming for an 80% reduction in carbon dioxide emissions from 2005 levels by 2030 and net zero by 2045.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-- %
Tags
-
Rhea-AI Summary
American Electric Power (AEP) subsidiaries Appalachian Power and Wheeling Power have filed a settlement agreement with the Public Service Commission of West Virginia to address their Expanded Net Energy Cost (ENEC) cases. The agreement aims to recover deferred fuel and purchased power costs, storm restoration expenses, power plant balances, and environmental compliance project expenses through securitization. The settlement is subject to review and approval by the PSC. If approved, it will benefit West Virginia customers by spreading out necessary costs to keep customer bills affordable and support a reliable energy system.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.1%
Tags
-
Rhea-AI Summary
American Electric Power (AEP) (Nasdaq: AEP) has entered into an agreement to sell its 50% interest in New Mexico Renewable Development, LLC (NMRD) to Exus North America Holdings, LLC (Exus). AEP and PNM Resources, which also owns 50% of NMRD, plan to sell the portfolio of 15 solar projects totaling 625 megawatts (MW) to Exus for approximately $230 million subject to true-up adjustments at close. AEP's share of the sale is approximately $115 million, and AEP expects to receive
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.44%
Tags
Rhea-AI Summary
Kentucky Power (AEP) Files Settlement Agreement with Kentucky Public Service Commission to Enhance Reliability and Assist Low-Income Customers
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.26%
Tags
-
Rhea-AI Summary
American Electric Power (AEP) Announces 2024 Operating Earnings Guidance Range and $43 Billion Capital Plan
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-- %
Tags
-
Rhea-AI Summary
American Electric Power (AEP) reported third-quarter 2023 GAAP earnings of $1.83 per share and operating earnings of $1.77 per share. The company narrowed its 2023 operating earnings guidance range to $5.24 to $5.34 per share. AEP reaffirmed its long-term growth rate of 6% to 7% and FFO/Debt target of 14% to 15%.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
3.61%
Tags
Rhea-AI Summary
American Electric Power (AEP) has scheduled a quarterly earnings conference call on November 2. AEP is the largest electricity transmission system operator in the US, serving 5.6 million regulated customers in 11 states. The company plans to grow its regulated renewable generation portfolio to 50% of total capacity by 2032. AEP aims to achieve an 80% reduction in carbon dioxide emissions from 2005 levels by 2030 and reach net zero by 2045.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.17%
Tags
American Electric Power Company, Inc.
Nasdaq:AEP
AEP Rankings
AEP Stock Data
46.52B
525.26M
0.03%
78.54%
1.78%
Nuclear Electric Power Generation
Utilities
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.