MARKET COMPOSITE
AEP - American Electric Power Company Inc.8:00:00 PM 4/23/2024
Price
$85.56
+ 0.66 (0.78%)
American Electric Power , is a major investor-owned electric utility in the United States of America, delivering electricity to more than five million customers in 11 states.[citation needed] 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 765 kilovolt ultra-high voltage transmission lines, more than all other U.S. transmission systems combined. AEP's transmission system directly or indirectly serves about 10 percent of the electricity demand in the Eastern Interconnection, the interconnected transmission system that covers 38 eastern and central U.S. states and eastern Canada, and approximately 11 percent of the electricity demand in the Electric Reliability Council of Texas, the transmission system that covers much of Texas.
Financials
Quarterly financials
(USD)Dec 2023Q/Q
Revenue4.6B-14%
Operating Income623.4MM-54%
Operating Expenses4B-1%
Net Income337.8MM-65%
Interest Expense460.9MM-2%
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Stock news

    The Board of Directors of American Electric Power Co. (Nasdaq: AEP) today declared a regular quarterly cash dividend of 88 cents a share on the company's common stock.

    American Electric Power (Nasdaq: AEP) was included in Forbes Best Employers for Diversity 2024 list.

    Should corporate executives’ pay be tied to climate-related goals? More company boards think so, as awareness grows that climate change could have an impact on corporate bottom lines. For starters, climate-related goals have to be firmly rooted in science, says David Larcker, a professor and director of the Corporate Governance Research Initiative at the Stanford Graduate School of Business.

    American Electric Power (Nasdaq: AEP) is one of six companies to earn the JUST Jobs Leader designation on the JUST Jobs Scorecard released today. The JUST Jobs Scorecard is a new, data-driven tool that helps companies prioritize investments in their employees.

    American Electric Power (Nasdaq: AEP) has completed the sale of its 50% interest in New Mexico Renewable Development, LLC (NMRD) to Exus North America Holdings, LLC (Exus). AEP nets approximately $104 million in cash after tax, transaction fees and other customary adjustments.

    AEP Reports 2023 Earnings Results02-26-2024 21:35:00 PM

    AMERICAN ELECTRIC POWER

    AEP Announces CEO Transition02-26-2024 21:30:00 PM

    American Electric Power (Nasdaq: AEP) today announced that Benjamin G.S. Fowke III, a member of the company's Board of Directors and the former chairman and CEO of Xcel Energy, Inc., has been appointed interim chief executive officer and president, effective immediately.

    American Electric Power (Nasdaq: AEP) has scheduled a quarterly earnings conference call with financial analysts at 9 a.m. ET Tuesday, Feb. 27. The call will be broadcast live over the internet at http://www.aep.com/webcasts.

    Activist investor Carl Icahn struck a deal for two JetBlue Airways board seats just days after he unveiled a nearly 10% stake in the struggling airline. The billionaire, who turns 88 years old Friday, and the airline reached a settlement agreement in which two of Icahn’s lieutenants, Jesse Lynn and Steven Miller, will join its board. The Wall Street Journal reported earlier Friday that the two sides were nearing a deal.

    Activist investor Carl Icahn is close to a deal to get two JetBlue Airways board seats just days after he unveiled a nearly 10% stake in the struggling airline. The billionaire, who turns 88 years old Friday, and the airline are finalizing a settlement agreement that would allow them to avert a proxy fight. If successful, it would be the second victory Icahn has notched in the span of a week—after American Electric Power on Monday said it struck an agreement to give him two board seats—a...