Company enters into an agreement with Icahn Capital L.P. COLUMBUS, Ohio, Feb. 12, 2024 /PRNewswire/ -- American Electric Power (Nasdaq: AEP) today announced that it has entered into an agreement with Icahn Capital L.P. and certain of its affiliates, under which Hunter C. Gary, senior managing director at Icahn Enterprises L.P., and Henry ("Hank") P. Linginfelter, retired executive vice president of Southern Company Gas, will join AEP's Board of Directors, effective today. Julie Sloat, AEP chair, president a ...

imaginima Overview While the utilities sector as a whole hasn't been too popular lately, I believe that we are in the midst of a great buying opportunity. The utilities sector operates on a consistent basis considering they offer a product and service we all need. However, I believe the price has been suppressed by the rising interest rates. Now that we are on the horizon of anticipated rate cuts this year, I think it is likely we will see a nice price recovery. In the meantime, we have the opportunity to c ...

COLUMBUS, Ohio, Feb. 5, 2024 /PRNewswire/ -- American Electric Power (Nasdaq: AEP) has been named to the JUST 100 list for the fourth year in a row. This ranking by JUST Capital recognizes America's best corporate citizens, and this is AEP's second year in the top 20. The JUST 100 identifies companies that set the standard in commitment to their stakeholders. JUST Capital, in partnership with CNBC, assessed 937 of the nation's largest publicly traded companies across 20 stakeholder-focused issues identified ...

COLUMBUS, Ohio, Jan. 29, 2024 /PRNewswire/ -- American Electric Power (Nasdaq: AEP) received three Outstanding Customer Engagement awards today from the Edison Electric Institute (EEI) and national key accounts customers. This is the eighth time that AEP has received EEI's top award for providing multi-site customers with superior service. "It's a key priority for AEP to build and maintain strong relationships with our customers and provide them with exceptional service, which also helps drive growth in our ...

JuSunThe market has had a love/hate relationship with utility stocks for much of the past 12+ months, as speculation around interest rates has played a large role in the prices of these so-called 'bond-proxies'. However, with volatility comes opportunity, especially for value investors who don't mind short-term noise as it creates an opening to buy quality names in the utility sector at bargain valuations. This brings me to American Electric Power (NASDAQ:AEP), which I last covered here in October with ...

While Wall Street celebrated the fact that we avoided a recession in 2023, that doesn’t necessarily mean fortune will favor us again this year, thus warranting a look at utility stocks to buy. Fundamentally, the biggest bullish case for utilities centers on the natural monopoly concept.Think of all the regulations that the enterprises undergirding various utility stocks must abide by. Not just anyone can set up shop as a key resource and services provider. Beyond that point, few companies have the ability t ...

Investors hope 2024 will treat the utility sector better than 2023 did, so it is a good idea to look at the best high-yield dividend utilities stocks. By now, it’s no secret that utility stocks made up the worst-performing sector in 2023. That which goes down tends to swing back up regarding overall Market investment. Thus, investors continue to look to the utility sector as full of rebound potential in 2024.These stocks are doubly interesting for the fact that their dividend yields are particularly high at ...

In October of 2023, American Electric Power (AEP 1.36%), also known as AEP, increased its quarterly dividend by $0.05 a share, taking it from $0.83 to $0.88. That's a roughly 6% hike. What's important about that dividend move is that it lives up to a key management promise to dividend investors.Here's what you need to know.AEP is an attractive yield storyAlthough a 4.1% dividend yield may not stack up against a virtual no-risk certificate of deposit (CD) offering as much as 5%, that doesn't mean investors s ...

Electric power lines during sunset. mdworschak The utility sector is well known for its ability to pay reliably growing, above-average dividends to shareholders. On its face, it isn't hard to understand why. For one, water, electricity, and natural gas are likely never going to face the risk of becoming technologically obsolete. Second, basic utility services are a prerequisite to living a high quality of life. Thus, the demand for these services is steady no matter what is going on with the economy. Thir ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-Q ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For The Transition Period from ____ to ____ | Commission | Registrants; | | I.R.S. Employer | | --- | --- | --- | --- | | File Number | Address and Telephone Number | States of Incorporation | Identification Nos. | | 1-3525 | AMERICAN ELECTRIC POWER CO INC. | New York | 13-4922640 | | 333-221643 | AEP TEXAS INC. | Delaware | 51-0007707 | ...