Professional
Added to YB: 2024-05-23
Pitch date: 2024-05-04
AEP [bullish]
American Electric Power Company, Inc.
+36.91%
current return
Author Info
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Company Info
American Electric Power Company, Inc., an electric public utility holding company, engages in the generation, transmission, and distribution of electricity for sale to retail and wholesale customers in the United States.
Market Cap
$62.0B
Pitch Price
$83.36
Price Target
N/A
Dividend
3.27%
EV/EBITDA
12.18
P/E
16.99
EV/Sales
5.16
Sector
Electric Utilities
Category
growth
Matrix Asset Advisors New Portfolio Holding: American Electric Power Company, Inc.
AEP: High-quality electric utility, 5.5M customers in 11 states. 2023 sector underperformance created opportunity for predictable earnings & dividend growth. Defensive in turbulent markets, but also growth from rising electricity demand for AI & data centers through 2030. Icahn activism & two new directors add optimism for appreciation potential.
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