American Electric Power (AEP) has a number of significant developments in progress. The company is set to embark on a
three-year plan to improve infrastructure and service resilience for their customers while expecting a
8.6% annual increase in electric sales over the next three years. It is constructing one of the
first 765-kV transmission lines in Texas, and plans to invest
$1.7 billion in power grid upgrades to meet rising demand. AEP has secured
minority equity interest investment in Ohio and Indiana & Michigan Transmission Companies and completed the sale of AEP OnSite Partners. It's also seeking grants for advanced nuclear site exploration in Indiana and Virginia. However, controversies include a multimillion-dollar fine for its role in the Ohio HB6 scandal and complaints filed against it in Kentucky. The company's
2024 earnings have shown a
31% rise in EPS and a
30% return earned by shareholders in the past year. Its stock has been recognized by multiple entities, including Morgan Stanley and BMO Capital, which have both raised their target price for AEP. Nonetheless, the company's use of debt has been flagged as a potential risk.
American Electric Power Company AEP News Analytics from Tue, 03 Sep 2024 07:00:00 GMT to Fri, 25 Apr 2025 10:12:00 GMT -
Rating 7
- Innovation 5
- Information 8
- Rumor -2
