American Electric Power Co Inc (NASDAQ: AEP) |
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Price: $100.6450
$-0.19
-0.183%
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Day's High:
| $100.59
| Week Perf:
| 1.26 %
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Day's Low: |
$ 99.61 |
30 Day Perf: |
7.63 % |
Volume (M): |
70 |
52 Wk High: |
$ 105.18 |
Volume (M$): |
$ 6,977 |
52 Wk Avg: |
$92.88 |
Open: |
$100.59 |
52 Wk Low: |
$76.31 |
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Market Capitalization (Millions $) |
53,704 |
Shares
Outstanding (Millions) |
534 |
Employees |
17,250 |
Revenues (TTM) (Millions $) |
19,602 |
Net Income (TTM) (Millions $) |
2,648 |
Cash Flow (TTM) (Millions $) |
-105 |
Capital Exp. (TTM) (Millions $) |
6,626 |
American Electric Power Co Inc
American Electric Power Co Inc. (AEP) Overview:
American Electric Power Co Inc. (AEP) is a major public utility holding company based in the United States. It was established in 1906 and reorganized in 1925. AEP is a registered public utility holding company under the Public Utility Holding Company Act (PUHCA) and owns, both directly and indirectly, all of the outstanding common stock of its public utility subsidiaries, along with various percentages of other subsidiaries.
Service Areas:
AEPs public utility subsidiaries operate across several states, including:
- Arkansas - Indiana - Kentucky - Louisiana - Michigan - Ohio - Oklahoma - Tennessee - Texas - Virginia - West Virginia
These subsidiaries provide an integrated system of generation, transmission, and distribution of electric power. They are interconnected, allowing for coordinated operations within the AEP System. The transmission networks connect with extensive distribution facilities to deliver services efficiently.
Business Structure:
AEP operates as an integrated electric utility system, with its member companies having contractual and financial relationships. The member companies share services such as accounting, administration, information systems, and legal support from a consolidated provider, AEP Service Corporation (AEPSC).
Public Utility Subsidiaries:
The subsidiaries of AEP with their respective functions include:
- APCo (Appalachian Power Company): Serving about 929,000 retail customers in southwestern Virginia and southern West Virginia. - CSPCo (Columbus Southern Power Company): Serving approximately 698,000 retail customers in Ohio. - I&M (Indiana Michigan Power Company): Serving around 575,000 retail customers in northern and eastern Indiana and southwestern Michigan. - KPCo (Kentucky Power Company): Serving about 175,000 retail customers in eastern Kentucky. - Kingsport Power Company: Serving approximately 46,000 retail customers in Kingsport, Tennessee. - OPCo (Ohio Power Company): Serving about 704,000 retail customers in various regions of Ohio. - PSO (Public Service Company of Oklahoma): Serving approximately 505,000 retail customers in Oklahoma. - SWEPCo (Southwestern Electric Power Company): Serving around 439,000 retail customers in Texas, Louisiana, and Arkansas. - TCC (Texas Central Company): Serving about 711,000 retail customers in southern Texas through retail electric providers (REPs). - TNC (Texas New Mexico Company): Serving around 190,000 retail customers in central and west Texas through REPs. - Wheeling Power Company: Serving approximately 41,000 retail customers in northern West Virginia.
Electric Generation and Wholesale Marketing:
Several AEP subsidiaries also engage in wholesale electricity marketing and supply, which involves selling electric power to other utilities, municipalities, and market participants.
Service Company Operations:
AEPSC plays a crucial role within AEP, providing essential corporate services, including accounting, legal, financial, and engineering support across the AEP System.
Overall, American Electric Power Co Inc. is positioned as a significant player in the U.S. electric utility sector, catering to millions of customers across multiple states while navigating regulatory environments and a transition to potentially more diversified energy sources.
Company Address: 1 Riverside Plaza, Columbus, 43215 OH
Company Phone Number: 716-1000 Stock Exchange / Ticker: NASDAQ AEP
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Customers Net Income grew by |
AEP's Customers Net Profit Margin grew to |
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20.2 %
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Stock Performances by Major Competitors |
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American Electric Power Co Inc
American Electric Power (AEP) has been making headlines recently with the appointment of Benjamin G.S. Fowke III as Interim CEO and President. This change in leadership is expected to bring stability and expertise to the company, as Fowke comes with a wealth of experience in the industry. In addition to this personnel change, AEP has also seen a significant improvement in its return on investment during the third quarter of 2023. The company reported a 7.137% increase in revenue, reaching $5.03 billion compared to $4.69 billion in the previous year. Earnings per share also saw a substantial increase of 146.75% to $1.90, up from $0.77 in the prior year. Furthermore, AEP highlighted its improving profit margins, with net margin rising to 20.01% and operating margin edging up to 23.33%. Despite a decline in inventories to $749.9 million, operating earnings improved by 66.37% to $1.172.6 million. The level of accounts receivable also decreased to $28.2 million, potentially indicating a slowing demand. In terms of market and stock performance, American Electric Power Co Inc shares have shown positive growth, with a 1.5% increase over the past 30 days and a 13.51% increase in the past 90 days. The stock is trending higher and is just 6.6% short of its 52-week high.
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American Electric Power Co Inc
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.
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Personnel Announcements
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.<...
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American Electric Power Co Inc
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.
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American Electric Power Co Inc
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.
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Per Share |
Current |
Earnings (TTM) |
4.97 $ |
Revenues (TTM) |
36.74 $
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Cash Flow (TTM) |
- |
Cash |
0.99 $
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Book Value |
49.96 $
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Dividend (TTM) |
3.54 $ |
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Per Share |
|
Earnings (TTM) |
4.97 $
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Revenues (TTM) |
36.74 $ |
Cash Flow (TTM) |
- |
Cash |
0.99 $
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Book Value |
49.96 $ |
Dividend (TTM) |
3.54 $ |
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Vertically Integrated Utilities |
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60.94 % |
of total Revenue |
Transmission and Distribution Utilities Revenues |
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28.94 % |
of total Revenue |
Generation and Marketing Revenues |
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8.92 % |
of total Revenue |
Other Revenues |
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2.2 % |
of total Revenue |
AEP Transmission Co |
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9.17 % |
of total Revenue |
AEP Transmission Co Related Party |
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7.46 % |
of total Revenue |
AEP Transmission Co Other Revenues |
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0 % |
of total Revenue |
AEP Transmission Co Transmission |
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1.91 % |
of total Revenue |
Reconciling Adjustments |
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-9.37 % |
of total Revenue |
Reconciling Adjustments Related Party |
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-9.37 % |
of total Revenue |
Reconciling Adjustments Other Revenues |
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-0.01 % |
of total Revenue |
Vertically Integrated Utilities Related Party |
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1 % |
of total Revenue |
Vertically Integrated Utilities Vertically Integrated Utilities |
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59.94 % |
of total Revenue |
Vertically Integrated Utilities Other Revenues |
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-0.02 % |
of total Revenue |
Transmission And Distribution Utilities |
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29.07 % |
of total Revenue |
Transmission And Distribution Utilities Related Party |
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0.13 % |
of total Revenue |
Transmission And Distribution Utilities Transmission and Distribution Utilities Revenues |
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28.94 % |
of total Revenue |
Transmission And Distribution Utilities Other Revenues |
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0.06 % |
of total Revenue |
AEP Transmission Holdco |
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9.46 % |
of total Revenue |
AEP Transmission Holdco Related Party |
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7.37 % |
of total Revenue |
AEP Transmission Holdco Transmission |
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2.09 % |
of total Revenue |
Generation And Marketing |
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9.21 % |
of total Revenue |
Generation And Marketing Related Party |
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0.28 % |
of total Revenue |
Generation And Marketing Generation and Marketing Revenues |
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8.92 % |
of total Revenue |
Generation And Marketing Other Revenues |
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-1.2 % |
of total Revenue |
All Other |
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0.7 % |
of total Revenue |
All Other Related Party |
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0.59 % |
of total Revenue |
All Other Other Revenues |
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0.11 % |
of total Revenue |
State Transcos AEP Transmission Co |
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9.17 % |
of total Revenue |
State Transcos AEP Transmission Co Related Party |
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7.3 % |
of total Revenue |
State Transcos AEP Transmission Co Other Revenues |
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0 % |
of total Revenue |
State Transcos AEP Transmission Co Transmission |
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1.87 % |
of total Revenue |
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