Is AEP stock a buy sell or hold? (2024)

Is AEP stock a buy sell or hold?

According to our current AEP stock forecast, the value of American Electric Power shares will rise by 1.31% and reach $ 83.64 per share by February 27, 2024. According to our technical indicators, the current sentiment is Bullish while the Fear & Greed Index is showing 39 (Fear).

What is the target for AEP stock?

What is the AEP stock forecast for 2024?

According to our current AEP stock forecast, the value of American Electric Power shares will rise by 1.31% and reach $ 83.64 per share by February 27, 2024. According to our technical indicators, the current sentiment is Bullish while the Fear & Greed Index is showing 39 (Fear).

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.

Is AEP a dividend stock?

Yes, AEP has paid a dividend within the past 12 months. How much is American Electric Power's dividend? AEP pays a dividend of $0.88 per share. AEP's annual dividend yield is 4.14%.

Is AEP a good investment?

American Electric Power Company, Inc.

may be fairly valued. Its Value Score of C indicates it would be a neutral pick for value investors. The financial health and growth prospects of AEP, demonstrate its potential to perform inline with the market. It currently has a Growth Score of C.

Is AEP undervalued?

The expected dividend per share is then discounted to today's value at a cost of equity of 6.2%. Relative to the current share price of US$80.4, the company appears about fair value at a 12% discount to where the stock price trades currently.

Who are the largest shareholders of AEP?

What is the AEP stock forecast for 2025?

On average, Wall Street analysts predict that American Electric Power Co's share price could reach $88.00 by Jan 22, 2025. The average American Electric Power Co stock price prediction forecasts a potential upside of 6.59% from the current AEP share price of $82.56.

How often does AEP pay dividends?

American Electric Power Company, Inc.'s ( AEP ) ex-dividend date is February 8, 2024 , which means that buyers purchasing shares on or after that date will not be eligible to receive the next dividend payment. American Electric Power Company, Inc. ( AEP ) pays dividends on a quarterly basis.

Is AEP dividend safe?

AEP's payout ratio currently sits at 66% of earnings. A payout ratio under 70% is generally considered safe, as it indicates that the company retains a portion of its earnings for growth and has a buffer to maintain dividends in case of an earnings decline.

Why invest in AEP?

It is one of the largest integrated utilities in the United States, serving more than 5.6 million customers in 11 states. It has roughly 25,000 megawatts (MW) of generating capacity, of which almost 41% are coal-fired as of Dec 31, 2022 and nearly 40,000 miles of the electricity transmission system network.

Why are energy stocks doing so bad?

Recent trends put more pressure on oil stocks

Declining oil prices contributed to the energy sector's underperformance in 2023.

Who are the shareholders of AEP?

Largest shareholders include Vanguard Group Inc, BlackRock Inc., Wellington Management Group Llp, State Street Corp, VTSMX - Vanguard Total Stock Market Index Fund Investor Shares, Morgan Stanley, VFINX - Vanguard 500 Index Fund Investor Shares, Geode Capital Management, Llc, Invesco Ltd., and Invesco Qqq Trust, Series ...

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.

Does Altice pay dividends?

The current TTM dividend payout for Altice USA (ATUS) as of February 05, 2024 is $0.00. The current dividend yield for Altice USA as of February 05, 2024 is 0.00%.

What is the best utility company to invest in?

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.

Does AEP have nuclear power plants?

AEP owns and operates the Donald C. Cook nuclear power plant. This accounts for 6% of the generation portfolio.

Is AEP a big company?

We're one of the nation's largest electricity producers with about 25,000 megawatts of diverse generating capacity, including more than 7,100 megawatts of renewable energy.

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 AEP renewable?

Growing our renewable generation portfolio to approximately 50% of our total capacity by 2033. Adding more than 16,450 megawatts of regulated wind and solar through 2033. Investing $9.4 billion in renewables through 2028.

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.

Is AEP selling Kentucky Power?

American Electric Power has called off the sale of its Kentucky operations. The power company had struck a deal in October 2021 to sell Kentucky Power and AEP Kentucky Transco to Liberty for $2.85 billion, including debt.

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