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American Electric Power Co Inc   (AEP)
Other Ticker:  
 
    Sector  Utilities    Industry Electric Utilities
   Industry Electric Utilities
   Sector  Utilities
 
Price: $84.2000 $1.64 1.986%
Day's High: $83.28 Week Perf: 4.07 %
Day's Low: $ 82.75 30 Day Perf: 2.48 %
Volume (M): 163 52 Wk High: $ 94.73
Volume (M$): $ 13,601 52 Wk Avg: $81.59
Open: $82.84 52 Wk Low: $69.40



 Market Capitalization (Millions $) 43,850
 Shares Outstanding (Millions) 521
 Employees 16,688
 Revenues (TTM) (Millions $) 18,982
 Net Income (TTM) (Millions $) 2,213
 Cash Flow (TTM) (Millions $) -178
 Capital Exp. (TTM) (Millions $) 7,378

American Electric Power Co Inc
AEP was incorporated under the laws of the State of New York in 1906 and reorganized in 1925. It is a registered public utility holding company under PUHCA that owns, directly or indirectly, all of the outstanding common stock of its public utility subsidiaries and varying percentages of other subsidiaries.

The service areas of AEPs public utility subsidiaries cover portions of the states of Arkansas, Indiana, Kentucky, Louisiana, Michigan, Ohio, Oklahoma, Tennessee, Texas, Virginia and West Virginia. The generating and transmission facilities of AEPs public utility subsidiaries are interconnected, and their operations are coordinated, as a single integrated electric utility system. Transmission networks are interconnected with extensive distribution facilities in the territories served. The public utility subsidiaries of AEP, which do business as "American Electric Power," have traditionally provided electric service, consisting of generation, transmission and distribution, on an integrated basis to their retail customers. Restructuring legislation in Michigan, Ohio, Texas and Virginia has caused or will cause AEP public utility subsidiaries in those states to unbundle previously integrated regulated rates for their retail customers.

The AEP System is an integrated electric utility system and, as a result, the member companies of the AEP System have contractual, financial and other business relationships with the other member companies, such as participation in the AEP System savings and retirement plans and tax returns, sales of electricity and transportation and handling of fuel. The member companies of the AEP System also obtain certain accounting, administrative, information systems, engineering, financial, legal, maintenance and other services at cost from a common provider, AEPSC.


APCo (organized in Virginia in 1926) is engaged in the generation,'transmission and distribution of electric power to approximately 929,000'retail customers in the southwestern portion of Virginia and southern West Virginia, and in supplying and marketing electric power at wholesale to other electric utility companies, municipalities and other market participants.

CSPCo (organized in Ohio in 1937, the earliest direct predecessor company having been organized in 1883) is engaged in the generation, transmission and distribution of electric power to approximately 698,000 retail customers in Ohio, and in supplying and marketing electric power at wholesale to other electric utilities, municipalities and other market participants.

I&M (organized in Indiana in 1925) is engaged in the generation, transmission and distribution of electric power to approximately 575,000 retail customers in northern and eastern Indiana and southwestern Michigan, and in supplying and marketing electric power at wholesale to other electric utility companies, rural electric cooperatives, municipalities and other market participants.

KPCo (organized in Kentucky in 1919) is engaged in the generation, transmission and distribution of electric power to approximately 175,000 retail customers in an area in eastern Kentucky, and in supplying and marketing electric power at wholesale to other electric utility companies, municipalities and other market participants.

Kingsport Power Company (organized in Virginia in 1917) provides electric service to approximately 46,000 retail customers in Kingsport and eight neighboring communities in northeastern Tennessee. Kingsport Power Company does not own any generating facilities.

OPCo (organized in Ohio in 1907 and re-incorporated in 1924) is engaged in the generation, transmission and distribution of electric power to approximately 704,000 retail customers in the northwestern, east central, eastern and southern sections of Ohio, and in supplying and marketing electric power at wholesale to other electric utility companies, municipalities and other market participants.

PSO (organized in Oklahoma in 1913) is engaged in the generation, transmission and distribution of electric power to approximately 505,000 retail customers in eastern and southwestern Oklahoma, and in supplying and marketing electric power at wholesale to other electric utility companies, municipalities, rural electric cooperatives and other market participants.

SWEPCo (organized in Delaware in 1912) is engaged in the generation, transmission and distribution of electric power to approximately 439,000 retail customers in northeastern Texas, northwestern Louisiana and western Arkansas, and in supplying and marketing electric power at wholesale to other electric utility companies, municipalities, rural electric cooperatives and other market participants.

TCC (organized in Texas in 1945) is engaged in the generation, transmission and sale of power to affiliated and non-affiliated entities and the distribution of electric power to approximately 711,000 retail customers through REPs in southern Texas, and in supplying and marketing electric power at wholesale to other electric utility companies, municipalities, rural electric cooperatives and other market participants.

TNC (organized in Texas in 1927) is engaged in the generation, transmission and sale of power to affiliated and non-affiliated entities and the distribution of electric power to approximately 190,000 retail customers through REPs in west and central Texas, and in supplying and marketing electric power at wholesale to other electric utility companies, municipalities, rural electric cooperatives and other market participants.

Wheeling Power Company (organized in West Virginia in 1883 and reincorporated in 1911) provides electric service to approximately 41,000 retail customers in northern West Virginia. Wheeling Power Company does not own any generating facilities.

AEGCo (organized in Ohio in 1982) is an electric generating company. AEGCo sells power at wholesale to I&M and KPCo.

Service Company Subsidiary

AEP also owns a service company subsidiary, AEPSC. AEPSC provides accounting, administrative, information systems, engineering, financial, legal, maintenance and other services at cost to the AEP System companies.



   Company Address: 1 Riverside Plaza, Columbus, 43215 OH
   Company Phone Number: 716-1000   Stock Exchange / Ticker: NASDAQ AEP
   


Customers Net Income fell by AEP's Customers Net Profit Margin fell to

-11.05 %

6.7 %

• Customers Performance • Customers Expend. • Customers Efficiency • List of Customers


   

Stock Performances by Major Competitors

5 Days Decrease / Increase
     
CEG   -4.07%    
DUK        4.39% 
EXC        3.53% 
NRG   -4.06%    
PCG        3.38% 
XEL        2.92% 
• View Complete Report
   



American Electric Power Co Inc

Strong Earnings Boosted by $137 Million Tax Benefit

AEP had a weak fourth quarter of the 2023 earnings season, with a significant decline in income and revenue. Income fell by -13.36% to $0.63 per share, while revenue decreased by -6.226% to $4.58 billion compared to the previous year. These numbers are in contrast to the overall trend in the Electric Utilities industry, which saw a 0.08% growth in the fourth quarter of 2023 compared to the same period in 2022. The industry's EPS also dropped by -65.57% and revenue deteriorated by -14.312% during the same period.
Looking further into AEP's results, the company's bottom-line for the fourth quarter of 2023 fell by -11.89% to $337.8 million compared to the corresponding period in the previous year. However, it should be noted that the decline was somewhat mitigated by a $137 million tax refund.

Personnel Announcements

AEP Announces CEO Transition and Promising ROI Growth in Q3 2023

Published Mon, Feb 26 2024 9:30 PM UTC



American Electric Power (AEP) has recently made important personnel changes with the appointment of Benjamin G.S. Fowke III as Interim CEO and President. Furthermore, AEP has witnessed a significant improvement in its return on investment (ROI) during the third quarter of 2023. This article will delve into these developments and their implications for the company.<...

American Electric Power Co Inc

AEP Reports Decline in Revenue, but Achieves Significant Profit Improvement in Fiscal Q3 2023



American Electric Power Co Inc (AEP) recently released its financial results for the most recent fiscal period, showcasing a significant improvement in profitability despite a decline in revenue. This article will outline the key facts and delve into the implications of these financial results.
Key Facts
1. Earnings Per Share (EPS) and Profit Improvement:
- AEP witnessed a substantial surge in profit per share, experiencing a growth of 37.59% to reach $1.83 per share.
- This increase in profit per share comes as a positive development, considering the overall soft turnover in the most recent fiscal period.

American Electric Power Co Inc

American Electric Power Co Inc Experiences Slump in Q2 2023 as Earnings and Revenue Dip

American Electric Power Co Inc, one of the leading electric utilities companies in the United States, experienced a weak performance in the April to June 30, 2023 span. The company's earnings decreased by -0.98% to $1.01 per share, while revenue decreased by -5.759% to $4.37 billion compared to the previous year. In comparison to the previous period, earnings grew by 31.17% from $0.77 per share, but revenue decreased by -6.788% from $4.69 billion.
The decline in earnings in the April to June 30, 2023 span can be attributed to various factors. The company's operating earnings fell by -12.91% to $874.7 million, which also squeezed the operating margin from 21.65% in the second quarter of 2022 to 20% in the current span. However, despite the decrease in operating margin, the net margin actually improved to 11.8%. This indicates that despite challenges in the operating activity, the company was able to manage its overall profitability.

American Electric Power Co Inc

Surprising Financial Twist: Revenue Skyrockets, But Earnings Plunge in First Quarter of 2023

American Electric Power Co Inc (AEP) is one of the largest electric utility operators in the United States, serving over 5 million customers across 11 states. The company generates, transmits, and distributes electricity to both residential and commercial customers, with a focus on providing reliable and affordable services.
Despite a 2.14% increase in revenue, AEP saw a significant contraction in income of -45.39% in the most recent fiscal period, compared to the same period a year before. The company reported revenue of $4.69 billion and earnings per share (EPS) of $0.77. This represents a 5.89% improvement from the previous reporting season, where EPS was at $0.73 per share, and a decrease of -3.897% in revenue from $4.88 billion.






 

American Electric Power Co Inc's Segments
 
Utility Ops.
 Segment     of total Revenue
Generation and Marketing
 Segment     of total Revenue
All Other
 Segment     of total Revenue
 
• View Complete Report

American Electric Power Co Inc's Operating Statistics Decrease / Increase
       
Residential Electric Sales (millions kwh)    Residential Electric Sales (millions kwh) Growth   
Commercial Electric Sales (millions kwh)    Commercial Electric Sales (millions kwh) Growth   
Industrial Electric Sales (millions kwh)   Industrial Electric Sales (millions kwh) Decline   
Miscellaneous Electric Sales (millions kwh)    Miscellaneous  Electric Sales (millions kwh) Growth   
Total Retail Electric Sales (millions kwh)    Total Retail Electric Sales (millions kwh) Growth   
Wholesale Electric Sales (millions kwh)   Wholesale Electric Sales (millions kwh) Decline   
Total Electric Sales (millions kwh)   Total Electric Sales (millions kwh) Decline   




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