Professional
Added to YB: 2023-12-18
Pitch date: 2023-12-15
AEP [bullish]
American Electric Power Company, Inc.
+49.46%
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
$76.36
Price Target
106.00 (-7%)
Dividend
3.27%
EV/EBITDA
12.18
P/E
16.99
EV/Sales
5.16
Sector
Electric Utilities
Category
dividend
American Electric Power Company, Inc.: Third-quarter results top consensus
AEP beats Q3 est $1.77 EPS +9% YoY. Divests non-reg renewables for $1.2B to fund $43B reg util capex. Coal hedge vs rising gas. 4.2% yield <peer 15 P/E. 5-7% LT growth via transmission. Risks: rates regs enviro. Buy $106 PT
Read full article (7 min)