Is AEP an investor owned utility? (2024)

Is AEP an investor owned utility?

AEP American Electric Power Company, Inc., an investor-owned electric public utility holding company which includes American Electric Power Company, Inc. (Parent) and majority-owned consolidated subsidiaries and consolidated affiliates.

What kind of company is AEP?

American Electric Power Company, Inc.

(AEP), (railcar reporting mark: AEPX) is a major investor-owned electric utility in the United States, delivering electricity to more than five million customers in 11 states.

Who owns Appalachian Power?

Is AEP a regulated utility?

We serve nearly 5.5 million customers in our regulated service territory, spanning more than 200,000 square miles in 11 states.

How does AEP make money?

On the surface, AEP makes its money by moving and selling electricity -- but there's a little bit more to the story that you need to know if you are interested in buying the stock. With the background you now have, however, you can do a deep dive into the financials to see if AEP is worth the price of admission.

Is American Electric Power a public company?

American Electric Power is traded on Nasdaq under the ticker symbol "AEP". The AEP Company Dividend Reinvestment and Direct Stock Purchase Plan is available to the public for the purchase of AEP common stocks directly without paying brokerage commissions.

How much debt does AEP have?

As you can see below, at the end of June 2023, American Electric Power Company had US$44.0b of debt, up from US$37.6b a year ago. Click the image for more detail. Net debt is about the same, since the it doesn't have much cash.

Is AEP a good stock to buy?

American Electric Power has 5.87% upside potential, based on the analysts' average price target. Is AEP a Buy, Sell or Hold? American Electric Power has a conensus rating of Moderate Buy which is based on 4 buy ratings, 3 hold ratings and 0 sell ratings. What is American Electric Power's price target?

Is APCo and AEP the same company?

APCo Appalachian Power Company, an AEP electric utility subsidiary.

Who is buying Kentucky Power from AEP?

COLUMBUS, Ohio — American Electric Power today said it has terminated a deal to sell the stock of Kentucky Power and AEP Kentucky Transco to Liberty, a subsidiary of utility business of Algonquin Power & Utilities Corp., for $2.646 billion.

What utilities are government owned?

There are four main types of POUs in California: 1) city municipal departments, such as the Pasadena Department of Water and Power; 2) public utility districts (which typically serve unincorporated county territory), such as the Trinity Public Utilities District; 3) municipal utility districts (which typically serve an ...

Is AEP Energy being sold?

AEP aims to sell retail, distributed energy and solar operations by mid-2024. American Electric Power also plans to soon launch a sale process for its stakes in two transmission companies and make a decision on selling its share of Transource Energy, CEO Julie Sloat said. This audio is auto-generated.

Is Appalachian power the same as American Electric Power?

Our network of transmission lines forms the eastern outpost of our parent company American Electric Power's service territory, which spans 11 states across America's heartland.

Who are the largest shareholders of AEP?

How much does the CEO of AEP make a year?

American Electric Power Company's CEO is Julie Sloat, appointed in Aug 2022, has a tenure of 1.08 years. total yearly compensation is $5.82M, comprised of 13.4% salary and 86.6% bonuses, including company stock and options.

How much profit did Appalachian Power make last year?

Year-end 2022 operating earnings were $2.6 billion or $5.09 per share, compared with operating earnings of $2.4 billion or $4.74 per share for year-end 2021.

How many investor owned electric utilities in the US?

Is AEP a monopoly?

“AEP, a government-created, for-profit monopoly, makes billions for shareholders and their executives by charging hard-working Ohioan's exorbitant electricity rates,” says Morgan Harper with Columbus Stand Up.

Is electricity in US privately owned?

Technically yes. The power companies in the United States are not owned by government at any level. However, power distribution is thought of as being best accomplished by a natural monopoly (single infrastructure, single cable going to each home), meaning that power companies do not have to compete with each other.

Is AEP a good long-term investment?

While AEP isn't going to deliver out-of-this-word growth, the benefits of reinvesting your dividends over time will pay off in the long-term, making it a worthwhile pick for buy-and-hold investors.

Is AEP a big company?

As one of the largest electric energy companies in the U.S., we power millions of homes and businesses. We're working together with our customers and communities to create the future of energy.

Why is AEP selling renewables?

“This sale is part of our strategy to streamline and de-risk the business and focus on our regulated operations,” said Julie Sloat, AEP president and chief executive officer. “Over the next five years, we plan to invest nearly $40 billion primarily in our regulated wires and generation businesses.

Why is AEP stock so low?

AEP' has a weak valuation at its current share price on account of a overvalued PEG ratio due to strong growth. AEP's PE and PEG are worse than the market average leading to a below average valuation score.

Does AEP have nuclear power plants?

Cook Nuclear Plant is located on the coast of Lake Michigan near Bridgman, Michigan. It is owned by American Electric Power (AEP) and safely operated by Indiana Michigan Power (I&M). D.C. Cook Nuclear Plant gets its name from the late Donald C. Cook.

Is AEP dividend safe?

Our metric indicating of the reliability of the dividend is 0.98 out of max. 1.0. This indicates a very reliable dividend payer in the past. Furthermore, analysts expect the dividend for the current business year to increase by 6.23%.