Announcement • May 13
American Electric Power Company, Inc. has filed a Follow-on Equity Offering in the amount of $2.6 billion. American Electric Power Company, Inc. has filed a Follow-on Equity Offering in the amount of $2.6 billion.
Security Name: Common Stock
Security Type: Common Stock Reported Earnings • May 06
First quarter 2026 earnings released: EPS: US$1.61 (vs US$1.50 in 1Q 2025) First quarter 2026 results: EPS: US$1.61 (up from US$1.50 in 1Q 2025). Revenue: US$6.02b (up 10% from 1Q 2025). Net income: US$874.0m (up 9.3% from 1Q 2025). Profit margin: 14% (in line with 1Q 2025). Revenue is forecast to grow 7.1% p.a. on average during the next 3 years, compared to a 3.6% growth forecast for the Electric Utilities industry in Europe. Over the last 3 years on average, earnings per share has increased by 20% per year but the company’s share price has only increased by 11% per year, which means it is significantly lagging earnings growth. Announcement • May 06
American Electric Power Company, Inc. Reaffirms Earnings Guidance for the Year 2026 American Electric Power Company, Inc. reaffirmed earnings guidance for the year 2026. For the year, the company expects Operating EPS Guidance of $6.15 to $6.45 per share. Declared Dividend • May 03
Fourth quarter dividend of US$0.95 announced Shareholders will receive a dividend of US$0.95. Ex-date: 8th May 2026 Payment date: 10th June 2026 Dividend yield will be 2.9%, which is lower than the industry average of 4.3%. Sustainability & Growth Dividend is covered by earnings (56% earnings payout ratio) but the company has no free cash flows available, indicating it may be using cash reserves or debt to pay the dividend. The dividend has increased by an average of 6.0% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. EPS is expected to grow by 19% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Board Change • Apr 30
High number of new directors There are 5 new directors who have joined the board in the last 3 years. Independent Director Joe Sauvage was the last director to join the board, commencing their role in 2025. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model. Announcement • Apr 29
American Electric Power Company, Inc. Declares Regular Quarterly Dividend Payable June 10, 2026 American Electric Power Company, Inc. has declared a regular quarterly cash dividend of 95 cents per share on the company's common stock. The dividend is payable June 10, 2026, to shareholders of record as of May 8, 2026, and is the company's 464th consecutive quarterly common stock cash dividend. AEP has paid a cash dividend on its common stock every quarter since July 1910. Announcement • Mar 20
American Electric Power Co Inc Receives Regulatory Acceptance for Dam Safety Incident Report At Claytor Project American Electric Power Company, Inc. had September 12, 2025, letter provided a revised plan and schedule addressing comments from its August 8, 2025, letter regarding the site-specific Probable Maximum Precipitation (SSPMP) and Probable Maximum Flood (PMF) studies for the above referenced projects. A discussion on the revised plan and schedule for the SSPMP-PMF studies during the October 2, 2025, meeting was documented in its letter dated October 24, 2025. Federal Energy Regulatory Commission has reviewed its submittals and find them acceptable. The next major milestone for the ongoing SSPMP and PMF studies is developing the Probable Maximum Precipitations (PMPs) for projects covered under the Roanoke River Basin and a review of PMPs by the Independent Meteorologist. As a reminder, submit a copy of its design package for a concurrent review by its office and the Independent Meteorologist. The due date to submit the design report is April 1, 2026. Board Change • Mar 16
High number of new directors There are 5 new directors who have joined the board in the last 3 years. Independent Director Joe Sauvage was the last director to join the board, commencing their role in 2025. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model. Announcement • Mar 07
American Electric Power Texas Announces Executive Changes American Electric Power has named Adrian Rodriguez as president and chief operating officer of AEP Texas to align with the company's strategy to capitalize on long-term priorities, further strengthen operational performance and enhance relationships with key stakeholders in the state. Rodriguez will join the company March 30, 2026 and will report to Bill Fehrman, AEP chairman, president and chief executive officer. Rodriguez will succeed Judith Talavera, who has left the organization. Alex Ramirez, vice president, Distribution Operations, AEP Texas, will serve as interim president and chief operating officer until Rodriguez joins the company to ensure a smooth transition. Rodriguez currently serves as president of Southwestern Public Service Company, a subsidiary of Xcel Energy serving customers in New Mexico and Texas, where he directed significant regulatory initiatives, secured the largest capital project in the company's history and led the company through wildfire recovery efforts. Prior to joining Southwestern Public Service Company in 2022, Rodriguez served as senior vice president, Regulatory & Strategy, for Puget Sound Energy. Prior to Puget Sound, he held roles of increasing responsibility with El Paso Electric Company, including senior vice president, General Counsel, and interim chief executive officer and board director. Rodriguez has held various roles in private law practice, the federal court system, public policy and in the Texas legislature. Rodriguez received a bachelor's degree in economics and government from the University of Texas, a master's degree in public policy from Harvard University's Kennedy School of Government and a Juris Doctor from Columbia University. Announcement • Mar 05
American Electric Power Company, Inc., Annual General Meeting, Apr 28, 2026 American Electric Power Company, Inc., Annual General Meeting, Apr 28, 2026. Location: meetnow.global/aep2026., United States Announcement • Feb 18
American Electric Power Company, Inc. Announces Non-Standing for Re-election of Henry P. Linginfelter as Member of the Board of Directors On February 13, 2026, American Electric Power Company, Inc. announced that Henry P. Linginfelter, a member of the Board of Directors of the company notified the Board that he would not stand for re-election to the Board at the Company's 2026 Annual Meeting of Shareholders. Mr. Linginfelter stated that his decision is not due to any disagreement with the Company on any matter relating to the Company’s operations, policies, or practices. Announcement • Feb 12
American Electric Power Company, Inc. Reaffirms Earnings Guidance for the Year 2026 American Electric Power Company, Inc. reaffirmed earnings guidance for the year 2026. For the year, the company expects operating earnings outlook of $6.15 to $6.45 per share and its long-term operating earnings growth rate of 7% to 9%. Announcement • Jan 21
American Electric Power Declares Quarterly Dividend on Common Stock, Payable on March 10, 2026 The Board of Directors of American Electric Power has declared a regular quarterly cash dividend of 95 cents per share on the company's common stock. The dividend is payable March 10, 2026, to shareholders of record as of February 10, 2026. Announcement • Nov 26
American Electric Power Company, Inc. has filed a Follow-on Equity Offering in the amount of $3.5 billion. American Electric Power Company, Inc. has filed a Follow-on Equity Offering in the amount of $3.5 billion.
Security Name: Common Stock
Security Type: Common Stock
Transaction Features: At the Market Offering Board Change • Nov 18
High number of new directors There are 5 new directors who have joined the board in the last 3 years. Independent Director Joe Sauvage was the last director to join the board, commencing their role in 2025. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model. Reported Earnings • Oct 31
Third quarter 2025 earnings released: EPS: US$1.82 (vs US$1.80 in 3Q 2024) Third quarter 2025 results: EPS: US$1.82 (up from US$1.80 in 3Q 2024). Revenue: US$6.01b (up 11% from 3Q 2024). Net income: US$972.0m (up 1.3% from 3Q 2024). Profit margin: 16% (down from 18% in 3Q 2024). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 6.8% p.a. on average during the next 3 years, compared to a 2.9% growth forecast for the Electric Utilities industry in Europe. Over the last 3 years on average, earnings per share has increased by 16% per year but the company’s share price has only increased by 5% per year, which means it is significantly lagging earnings growth. Board Change • Oct 29
High number of new directors There are 5 new directors who have joined the board in the last 3 years. Independent Director Joe Sauvage was the last director to join the board, commencing their role in 2025. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model. Announcement • Oct 29
American Electric Power Company, Inc. Reaffirms Earnings Guidance for the Full Year Ended December 31, 2025 American Electric Power Company, Inc. reaffirmed earnings guidance for the full year ended December 31, 2025. The company confirmed its 2025 operating earnings guidance range of $5.75 to $5.95 per share, guiding to the upper half of the range. Estimated EPS on a GAAP Basis to be in the range of $6.58 to 6.78. Declared Dividend • Oct 26
Second quarter dividend of US$0.95 announced Shareholders will receive a dividend of US$0.95. Ex-date: 10th November 2025 Payment date: 10th December 2025 Dividend yield will be 3.5%, which is lower than the industry average of 4.3%. Sustainability & Growth Dividend is covered by earnings (54% earnings payout ratio) but the company has no free cash flows available, indicating it may be using cash reserves or debt to pay the dividend. The dividend has increased by an average of 5.8% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. EPS is expected to grow by 12% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Announcement • Oct 23
American Electric Power Declares Regular Quarterly Cash Dividend, Payable on December 10, 2025 The Board of Directors of American Electric Power has declared a regular quarterly cash dividend of 95 cents per share on the company's common stock, an increase of 2 cents per share. The dividend is payable December 10, 2025, to shareholders of record as of November 10, 2025, and is the company's 462 consecutive quarterly common stock cash dividend. AEP has paid a cash dividend on its common stock every quarter since July 1910. Board Change • Oct 13
High number of new directors There are 5 new directors who have joined the board in the last 3 years. Independent Director Joe Sauvage was the last director to join the board, commencing their role in 2025. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model. Board Change • Sep 19
High number of new directors There are 5 new directors who have joined the board in the last 3 years. Independent Director Joe Sauvage was the last director to join the board, commencing their role in 2025. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model. Board Change • Aug 15
High number of new directors There are 5 new directors who have joined the board in the last 3 years. Independent Director Joe Sauvage was the last director to join the board, commencing their role in 2025. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model. Reported Earnings • Jul 31
Second quarter 2025 earnings released: EPS: US$2.29 (vs US$0.64 in 2Q 2024) Second quarter 2025 results: EPS: US$2.29 (up from US$0.64 in 2Q 2024). Revenue: US$5.09b (up 11% from 2Q 2024). Net income: US$1.23b (up 260% from 2Q 2024). Profit margin: 24% (up from 7.4% in 2Q 2024). The increase in margin was primarily driven by higher revenue. Revenue is forecast to grow 4.6% p.a. on average during the next 3 years, compared to a 1.9% growth forecast for the Electric Utilities industry in Europe. Over the last 3 years on average, earnings per share has increased by 10% per year but the company’s share price has remained flat, which means it is significantly lagging earnings. Board Change • Jul 30
High number of new directors There are 5 new directors who have joined the board in the last 3 years. Independent Director Joe Sauvage was the last director to join the board, commencing their role in 2025. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model. Announcement • Jul 30
American Electric Power Company, Inc. Re-Affirms Earnings Guidance for the Year 2025 American Electric Power Company, Inc. re-affirmed earnings guidance for the year 2025. For the year, the company's operating earnings guidance range of $5.75 to $5.95 per share and long-term growth rate of 6% to 8%. Declared Dividend • Jul 28
First quarter dividend of US$0.93 announced Shareholders will receive a dividend of US$0.93. Ex-date: 8th August 2025 Payment date: 10th September 2025 Dividend yield will be 3.8%, which is lower than the industry average of 4.3%. Sustainability & Growth Dividend is covered by earnings (70% earnings payout ratio) but the company has no free cash flows available, indicating it may be using cash reserves or debt to pay the dividend. The dividend has increased by an average of 5.8% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. EPS is expected to grow by 27% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Announcement • Jul 22
American Electric Power Declares Regular Quarterly Cash Dividend, Payable on September 10, 2025 The Board of Directors of American Electric Power has declared a regular quarterly cash dividend of 93 cents per share on the company's common stock. The dividend is payable September 10, 2025, to shareholders of record as of August 8, 2025. Board Change • Jul 15
High number of new directors There are 5 new directors who have joined the board in the last 3 years. Independent Director Joe Sauvage was the last director to join the board, commencing their role in 2025. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model. Announcement • Jun 30
American Electric Power Company, Inc.(NasdaqGS:AEP) dropped from Russell 1000 Dynamic Index American Electric Power Company, Inc.(NasdaqGS:AEP) dropped from Russell 1000 Dynamic Index Board Change • Jun 20
High number of new directors There are 5 new directors who have joined the board in the last 3 years. Independent Director Joe Sauvage was the last director to join the board, commencing their role in 2025. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model. Announcement • Jun 17
American Electric Power Announces Management Changes American Electric Power announced leadership changes to support its long-term strategy. The company has named Rob Berntsen executive vice president and general counsel, effective July 14, 2025 He will succeed David Feinberg, who will serve as senior advisor to the chief executive officer until departing the company August 15, 2025. Additionally, AEP has named Johannes Eckert executive vice president and chief information and technology officer, effective July 21, 2025. Both Berntsen and Eckert will report to Bill Fehrman, AEP president, chief executive officer and director. Berntsen joins AEP from Xcel Energy, where he was executive vice president and chief legal and compliance officer. Prior to joining Xcel, he was senior vice president, chief of staff and general counsel at BHE Renewables, a subsidiary of Berkshire Hathaway Energy (BHE). Prior to BHE Renewables, Berntsen served as senior vice president and general counsel for BHE subsidiary MidAmerican Energy Company and led the utility's legal, regulatory, government affairs, compliance and energy efficiency groups. Prior to joining MidAmerican, he served as vice president of policy, government and regulatory affairs for the Midcontinent Independent System Operator Inc. (MISO), chair and member of the Iowa Utilities Commission, and corporate counsel for energy holding company Vectren Corp. (now part of CenterPoint Energy). Berntsen was a captain in the Judge Advocate General (JAG) Corps, the legal arm of the U.S. Army, and deployed to Iraq in 2005 in support of Operation Iraqi Freedom. He received his bachelor's degree from Georgetown University and his juris doctorate from the University of Iowa. Eckert most recently served as senior vice president and chief information officer of Cox Communications. During his 16 years with Cox Communications, he held roles of increasing responsibility, including various leadership roles in wireless technology, application development and network operations. Prior to joining Cox Communications, he was partner and head of wireless for Acta Wireless. His extensive experience also spans leadership and consulting roles across the U.S., Germany and South America including tenures at Kearney, AT&T, Telefónica Germany and Accenture. Eckert received his bachelor's degree in computer science from the Berlin University of Applied Sciences and his master's degree in international marketing and finance from Kennesaw State University. Announcement • Jun 06
KKR & Co. Inc. (NYSE:KKR) and Public Sector Pension Investment Board completed the acquisition of 19.9% stake in AEP Ohio Transmission Company, Inc and AEP Indiana Michigan Transmission Company, Inc. from American Electric Power Company, Inc. (NasdaqGS:AEP). KKR & Co. Inc. (NYSE:KKR) and Public Sector Pension Investment Board agreed to acquire 19.9% stake in AEP Ohio Transmission Company, Inc and AEP Indiana Michigan Transmission Company, Inc. from American Electric Power Company, Inc. (NasdaqGS:AEP) for $2.8 billion on January 9, 2025. Upon closing, 2025-2029 average earnings accretion is expected to be 1.7%. The transaction requires approval from FERC and clearance from the Committee on Foreign Investment in the United States. The transaction is expected to close in the second half of 2025.
Moelis & Company acted as financial advisor for KKR & Co. Inc. and Public Sector Pension Investment Board. Morgan Stanley & Co. LLC acted as financial advisor for KKR & Co. Inc. and Public Sector Pension Investment Board. Simpson Thacher & Bartlett LLP acted as legal advisor for KKR & Co. Inc. and Public Sector Pension Investment Board. J.P. Morgan Securities LLC acted as financial advisor for American Electric Power Company, Inc. Morgan, Lewis & Bockius LLP acted as legal advisor for American Electric Power Company, Inc.
KKR & Co. Inc. (NYSE:KKR) and Public Sector Pension Investment Board completed the acquisition of 19.9% stake in AEP Ohio Transmission Company, Inc and AEP Indiana Michigan Transmission Company, Inc. from American Electric Power Company, Inc. (NasdaqGS:AEP) on June 5, 2025. AEP will continue to operate and maintain these transmission facilities. American Electric Power Company will use the transaction proceeds to support AEP's five-year, $54 billion capital plan. Reported Earnings • May 06
First quarter 2025 earnings released: EPS: US$1.50 (vs US$1.91 in 1Q 2024) First quarter 2025 results: EPS: US$1.50 (down from US$1.91 in 1Q 2024). Revenue: US$5.46b (up 8.7% from 1Q 2024). Net income: US$800.2m (down 20% from 1Q 2024). Profit margin: 15% (down from 20% in 1Q 2024). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 5.4% p.a. on average during the next 3 years, compared to a 2.3% growth forecast for the Electric Utilities industry in Europe. Over the last 3 years on average, earnings per share has increased by 4% per year whereas the company’s share price has increased by 1% per year. Announcement • May 06
American Electric Power Company, Inc. Reaffirms Earnings Guidance for the Year 2025 American Electric Power Company, Inc. reaffirmed earnings guidance for the year 2025. For the year, the company expects 2025 operating earnings guidance range of $5.75 to $5.95 per share and long-term growth rate of 6% to 8%. Earnings per share on a GAAP basis would be $5.71 to $5.91 per share. Declared Dividend • May 02
Fourth quarter dividend of US$0.93 announced Shareholders will receive a dividend of US$0.93. Ex-date: 9th May 2025 Payment date: 10th June 2025 Dividend yield will be 3.7%, which is lower than the industry average of 4.3%. Sustainability & Growth Dividend is covered by earnings (64% earnings payout ratio) but the company has no free cash flows available, indicating it may be using cash reserves or debt to pay the dividend. The dividend has increased by an average of 6.4% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. EPS is expected to grow by 21% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Board Change • May 02
High number of new directors There are 5 new directors who have joined the board in the last 3 years. Independent Director Joe Sauvage was the last director to join the board, commencing their role in 2025. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model. Announcement • Apr 30
American Electric Power Declares Quarterly Dividend on Common Stock, Payable on June 10, 2025 The Board of Directors of American Electric Power has declared a regular quarterly cash dividend of 93 cents per share on the company's common stock. The dividend is payable June 10, 2025, to shareholders of record as of May 9, 2025, and is the company's 460th consecutive quarterly common stock cash dividend. Announcement • Apr 29
American Electric Power Company, Inc. Announces Board Changes Joseph G. Sauvage, retired vice chairman and chairman of Global Power, Utilities and Renewables of Citigroup, elected to the American Electric Power Board of Directors. Sauvage led Citigroup's Global Power, Utilities and Renewables practice for more than 16 years. Prior to joining Citigroup, he held various investment banking roles at Lehman Brothers, including vice chairman and global head of Power, Utilities and Renewables. Sauvage served as a vice chairman of the Wall Street Advisory Group and was a member of the executive committee for the Electric Power Research Institute Advisory Council. Donna James did not stand for re-election to the Board of Directors for personal reasons. Announcement • Mar 26
American Electric Power Company, Inc. has completed a Follow-on Equity Offering in the amount of $2 billion. American Electric Power Company, Inc. has completed a Follow-on Equity Offering in the amount of $2 billion.
Security Name: Common Stock
Security Type: Common Stock
Securities Offered: 19,607,844
Price\Range: $102
Discount Per Security: $2.244 Announcement • Mar 14
American Electric Power Company, Inc., Annual General Meeting, Apr 29, 2025 American Electric Power Company, Inc., Annual General Meeting, Apr 29, 2025. Location: meetnow.global/aep2025, United States Board Change • Feb 26
High number of new directors There are 5 new directors who have joined the board in the last 3 years. Independent Director Hank Linginfelter was the last director to join the board, commencing their role in 2024. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model. Announcement • Feb 22
American Electric Power Company, Inc. Announces Donna A. James, Not Stand for Re-Election to the Board On February 18, 2025, Donna A. James, a member of the Board of Directors ("Board") of American Electric Power Company, Inc. ("Company"), notified the Board that she would not stand for re-election to the Board at the Company's 2025 Annual Meeting of Shareholders. Ms. James stated that she is not standing for re-election to the Board for personal reasons and not due to any disagreement with the Company on any matter relating to the Company’s operations, policies, or practices. Reported Earnings • Feb 14
Full year 2024 earnings released: EPS: US$5.60 (vs US$4.26 in FY 2023) Full year 2024 results: EPS: US$5.60 (up from US$4.26 in FY 2023). Revenue: US$19.7b (up 3.9% from FY 2023). Net income: US$2.97b (up 34% from FY 2023). Profit margin: 15% (up from 12% in FY 2023). Revenue is forecast to grow 6.3% p.a. on average during the next 3 years, compared to a 2.9% growth forecast for the Electric Utilities industry in Europe. Over the last 3 years on average, earnings per share has increased by 2% per year but the company’s share price has increased by 10% per year, which means it is tracking significantly ahead of earnings growth. Upcoming Dividend • Feb 03
Upcoming dividend of US$0.93 per share Eligible shareholders must have bought the stock before 10 February 2025. Payment date: 10 March 2025. Payout ratio is a comfortable 70% but the company is not cash flow positive. Trailing yield: 3.8%. Lower than top quartile of Austrian dividend payers (5.7%). Lower than average of industry peers (4.9%). Board Change • Feb 03
High number of new directors There are 5 new directors who have joined the board in the last 3 years. Independent Director Hank Linginfelter was the last director to join the board, commencing their role in 2024. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model. Announcement • Jan 22
American Electric Power Declares Quarterly Dividend on Common Stock, Payable on March 10, 2025 The Board of Directors of American Electric Power has declared a regular quarterly cash dividend of 93 cents per share on the company's common stock. The dividend is payable March 10, 2025, to shareholders of record as of February 10, 2025. Announcement • Jan 17
American Electric Power Seeking Grants to Assist with Advanced Nuclear Site Exploration in Indiana and Virginia American Electric Power is seeking grants from the U.S. Department of Energy to support the Early Site Permit process for two potential Small Modular Reactor (SMR) sites. Through its Indiana Michigan Power (I&M) operating company, AEP is announcing that property at the Rockport Plant in Spencer County, Indiana, has been identified as a potential SMR site. Previously AEP, through its Appalachian Power operating company, had announced it was beginning the ESP process for company-owned Joshua Falls property in Campbell County, Virginia. Through a grant funding partnership with the Tennessee Valley Authority and GE Hitachi Nuclear Energy (GEH), I&M is seeking $50 million to begin the early stages of SMR development at the Rockport Plant site. If awarded funds, I&M will conduct ESP activities, as well as a Preliminary Safety Analysis Report, which is required for a potential future Construction Permit, at the site utilizing the GEH BWRX-300 technology. This includes gathering public input from community members, collecting detailed site information, and deployment planning for the use of a GEH BWRX-300 at the site. This SMR unit is capable of generating 300 megawatts (MW) of electricity. SMRs offer tremendous potential to provide safe, reliable and clean energy 24 hours a day, 365 days a year. The relatively small footprint allows SMRs to be constructed in areas that were not previously feasible for nuclear energy generation. SMR sites can also be scaled to match the energy needs of the state. A single SMR unit can generate up to 500 MW of clean energy, depending on the design of the unit. Both grant applications were submitted under the USDOE's Generation III+ Small Modular Reactor Program. The program is offering up to $900 million in grants.
I&M has applied as a subrecipient under TVA's application, with GEH as the reactor technology provider. I&M will host a public open house mid-year. Local and state officials have expressed their support for the project. Last year, Spencer County officials approved an ordinance supporting new generation at the Rockport Plant site, including the use of SMRs. Additionally, in November 2024, the Indiana Office of Energy Development issued a siting report performed by Purdue University which identifies Rockport as a suitable site. Announcement • Jan 11
American Electric Power Company, Inc. announced that it expects to receive $2.82 billion in funding from Public Sector Pension Investment Board, KKR & Co. Inc. American Electric Power Company, Inc. announced that it has entered into a definitive agreement with KKR and PSP Investments for proceeds of $2,820,000,000 on January 9, 2025. The investors will acquire a 19.9% equity interest. The transaction requires approval from FERC and clearance from the Committee on Foreign Investment in the United States. The transaction is expected to close in the second half of 2025. Announcement • Jan 08
American Electric Power Company, Inc. Announces Executive Changes American Electric Power named Trevor I. Mihalik executive vice president and chief financial officer effective January 20. He will succeed Chuck Zebula, who will serve as senior advisor to the chief executive officer before retiring in March. Mihalik's previous experience includes roles as group president, CFO, controller and chief accounting officer at Sempra. He will report to Bill Fehrman, AEP president and chief executive officer. Mihalik will be responsible for AEP's accounting and tax, treasury and risk, corporate planning and budgeting, investor relations, procurement, supply chain, strategy, and corporate regulatory functions. Mihalik has worked in the energy industry for more than 34 years and has extensive experience in finance, enterprise risk and business operations. He most recently served as the group president of Sempra, where he was responsible for all aspects of the company's San Diego Gas and Electric and Southern California Gas Company subsidiaries. He held several leadership roles in Sempra's finance organization during his more than 12 years with the company, including executive vice president and chief financial officer and senior vice president, controller and chief accounting officer. Prior to joining Sempra, Mihalik led the finance teams of Iberdrola Renewables Holdings, Inc., Chevron Natural Gas and Bridgeline Holdings, L.P., a joint venture owned by Chevron and Targa Resources. He began his career with PricewaterhouseCoopers in their assurance business. He chairs the finance committee for the board of directors of the WD-40 Company. Mihalik received his bachelor's degree in accounting from Creighton University and his master's degree in business administration from Rice University. He is a certified public accountant in the state of Texas. Also, on January 7, 2025, the Company announced that on January 2, 2025, Charles E. Zebula notified the Company that he will resign as Executive Vice President and Chief Financial Officer effective January 19, 2025 and (ii) the transition of Charles E. Zebula to the role of Senior Advisor to the Chief Executive Officer effective as of January 20, 2025 until his expected retirement from the Company in March 2025. Announcement • Jan 07
American Electric Power Company, Inc. Announces Chief Financial Officer Changes American Electric Power named Trevor I. Mihalik as chief financial officer effective January 20. He will succeed Chuck Zebula, who will serve as senior advisor to the chief executive officer before retiring in March. Mihalik's previous experience includes roles as group president, CFO, controller and chief accounting officer at Sempra. He will report to Bill Fehrman, AEP president and chief executive officer. Mihalik will be responsible for AEP's accounting and tax, treasury and risk, corporate planning and budgeting, investor relations, procurement, supply chain, strategy, and corporate regulatory functions. Mihalik has worked in the energy industry for more than 34 years and has extensive experience in finance, enterprise risk and business operations. He most recently served as the group president of Sempra, where he was responsible for all aspects of the company's San Diego Gas and Electric and Southern California Gas Company subsidiaries. He held several leadership roles in Sempra's finance organization during his more than 12 years with the company, including executive vice president and chief financial officer and senior vice president, controller and chief accounting officer. Prior to joining Sempra, Mihalik led the finance teams of Iberdrola Renewables Holdings, Inc., Chevron Natural Gas and Bridgeline Holdings, L.P., a joint venture owned by Chevron and Targa Resources. He began his career with PricewaterhouseCoopers in their assurance business. He chairs the finance committee for the board of directors of the WD-40 Company. Mihalik received his bachelor's degree in accounting from Creighton University and his master's degree in business administration from Rice University. He is a certified public accountant in the state of Texas. Board Change • Dec 12
High number of new directors There are 7 new directors who have joined the board in the last 3 years. Independent Director Hank Linginfelter was the last director to join the board, commencing their role in 2024. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model. Reported Earnings • Nov 09
Third quarter 2024 earnings released: EPS: US$1.80 (vs US$1.83 in 3Q 2023) Third quarter 2024 results: EPS: US$1.80. Revenue: US$5.42b (up 1.5% from 3Q 2023). Net income: US$959.6m (flat on 3Q 2023). Profit margin: 18% (in line with 3Q 2023). Revenue is forecast to grow 4.1% p.a. on average during the next 3 years, compared to a 1.9% growth forecast for the Electric Utilities industry in Europe. Announcement • Nov 06
American Electric Power Company, Inc. Provides Earnings Guidance for the Year 2024 American Electric Power Company, Inc. provided earnings guidance for the year 2024 . For the year, company Estimated EPS on a GAAP basis in range of $5.55 to $5.65. Announcement • Oct 31
American Electric Power Company, Inc. Announces Management Changes American Electric Power Company, Inc. announced leadership and organizational changes that will empower local operations, drive growth and create value for customers and stakeholders. The changes are effective October 31, 2024. As part of these leadership and organizational changes, AEP announced: The company is launching a search for a president to lead the AEP Transmission business, which is a source of growth as AEP makes necessary investments to enhance reliability and meet customers' needs. The search will consider both internal and external candidates. It is eliminating the executive vice president of Regulatory and chief administrative officer role. As a result, Peggy Simmons is leaving the company. Chris Beam, executive vice president of Energy Services, plans to retire in February 2025 and will serve as executive vice president and senior advisor until that time. Shane Lies, executive vice president and chief nuclear officer, will move to a new role as executive vice president of Projects and Services. He will oversee generation shared services, environmental services, project solutions, distribution planning and performance, and strategic supplier management. Kelly Ferneau, site vice president at AEP's Donald C. Cook Nuclear Plant, succeeds Lies and has been promoted to executive vice president and chief nuclear officer, reporting to Fehrman. Scott Dailey, AEP's managing director of renewable generation and former plant manager at Cook Nuclear Plant, will succeed Ferneau as site vice president. AEP's other power plant managers will now report to the operating company presidents. In addition, the economic development function will be transitioning to the operating companies. Corporate regulatory services and procurement will be aligned under the chief financial officer. Declared Dividend • Oct 28
Second quarter dividend of US$0.93 announced Shareholders will receive a dividend of US$0.93. Ex-date: 8th November 2024 Payment date: 10th December 2024 Dividend yield will be 3.7%, which is lower than the industry average of 4.3%. Sustainability & Growth Dividend is covered by earnings (69% earnings payout ratio) but the company has no free cash flows available, indicating it may be using cash reserves or debt to pay the dividend. The dividend has increased by an average of 5.8% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. EPS is expected to grow by 24% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Announcement • Oct 08
American Electric Power Names Joseph F. Moore IV as Senior Vice President of Business Transformation to Drive Performance and Efficiency American Electric Power has named utility industry veteran Joseph F. Moore IV senior vice president, Business Transformation, effective October 8, 2024. Moore will report to AEP President and Chief Executive Officer Bill Fehrman. Moore will lead process improvements across AEP's key business units and seven operating companies. Moore has more than 33 years of experience in the energy industry. He brings deep industry knowledge in customer service, electric and gas delivery, electric generation, project management, enterprise risk, supply chain, information technology and business analytics. Most recently, he was senior vice president, Business Transformation, across Berkshire Hathaway Energy. Prior to that, he held several leadership roles at MidAmerican Energy Company including senior vice president, Strategic Repositioning, vice president, Electric Delivery, and general manager, West Electric and Gas Operations. Moore also served in operational executive roles with both PacifiCorp and Nebraska Public Power District. Moore received his bachelor's degree in electrical and electronic engineering from North Dakota State University and his master's degree in business administration from Regis University. Reported Earnings • Jul 31
Second quarter 2024 earnings released: EPS: US$0.64 (vs US$1.01 in 2Q 2023) Second quarter 2024 results: EPS: US$0.64 (down from US$1.01 in 2Q 2023). Revenue: US$4.58b (up 4.7% from 2Q 2023). Net income: US$340.3m (down 35% from 2Q 2023). Profit margin: 7.4% (down from 12% in 2Q 2023). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 4.4% p.a. on average during the next 3 years, compared to a 1.9% growth forecast for the Electric Utilities industry in Europe. Over the last 3 years on average, earnings per share has fallen by 2% per year but the company’s share price has increased by 6% per year, which means it is well ahead of earnings. Announcement • Jul 30
American Electric Power Company, Inc. Reaffirms Earnings Guidance for the Year 2024 American Electric Power Company, Inc. reaffirmed earnings guidance for the year 2024. The company Estimated EPS on a GAAP basis to be $5.56 to $5.76. Declared Dividend • Jul 29
First quarter dividend of US$0.88 announced Shareholders will receive a dividend of US$0.88. Ex-date: 9th August 2024 Payment date: 10th September 2024 Dividend yield will be 3.7%, which is lower than the industry average of 4.3%. Sustainability & Growth Dividend is covered by earnings (63% earnings payout ratio) but the company has no free cash flows available, indicating it may be using cash reserves or debt to pay the dividend. The dividend has increased by an average of 5.8% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. EPS is expected to grow by 18% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Announcement • Jul 25
American Electric Power Company, Inc. Declares Quarterly Dividend on Common Stock, Payable on September 10, 2024 The Board of Directors of American Electric Power Co. declared a regular quarterly cash dividend of 88 cents a share on the company's common stock. The dividend is payable Sept. 10, 2024, to shareholders of record as of Aug. 9, 2024, and is the company's 457th consecutive quarterly common stock cash dividend. AEP has paid a cash dividend on its common stock every quarter since July 1910. Announcement • May 15
American Electric Power Company, Inc. Reaffirms Earnings Guidance for the Year 2024 American Electric Power Company, Inc. reaffirmed earnings guidance for the year 2024. The company is reaffirming its 2024 operating earnings guidance of $5.53 to $5.73 per share. Announcement • May 14
American Electric Power Company, Inc. Appoints Chris Brathwaite as Chief Communications Officer American Electric Power has named Chris Brathwaite vice president and chief communications officer, effective May 13, 2024. He will report to Phil Ulrich, executive vice president and chief human resources officer. Brathwaite will have responsibility for enterprise-wide employee and external communications, reputation management, policy communications, marketing, brand management, digital communications, social media, analytics and creative services. Brathwaite most recently served as senior vice president and chief communications officer of Tenneco, a global automotive components manufacturer. Prior to joining Tenneco in 2018, he held roles of increasing responsibility with Sears Holdings Corporation, including vice president of corporate communications, divisional vice president of corporate public relations and director of corporate public relations. Brathwaite also served as manager of media relations for United Airlines and held roles in media relations and external affairs for State Farm Insurance. He began his career as a news reporter and anchor for WJBC/WBNQ radio in Illinois. Brathwaite earned his bachelor's degree in broadcast journalism from Bradley University. He is vice chair of the Commission on Public Relations Education and a member of the Arthur W. Page Society. Reported Earnings • May 01
First quarter 2024 earnings released: EPS: US$1.91 (vs US$0.77 in 1Q 2023) First quarter 2024 results: EPS: US$1.91 (up from US$0.77 in 1Q 2023). Revenue: US$5.03b (up 7.1% from 1Q 2023). Net income: US$1.00b (up 153% from 1Q 2023). Profit margin: 20% (up from 8.5% in 1Q 2023). The increase in margin was primarily driven by higher revenue. Revenue is forecast to grow 4.9% p.a. on average during the next 3 years, while revenues in the Electric Utilities industry in Europe are expected to remain flat. Over the last 3 years on average, earnings per share has fallen by 3% per year but the company’s share price has increased by 4% per year, which means it is well ahead of earnings. Announcement • Apr 30
American Electric Power Company, Inc. Reaffirms Earnings Guidance for the Year 2024 American Electric Power Company, Inc. reaffirmed earnings guidance for the year 2024. For the year, the company expects EPS on a GAAP basis to be between $6.17 to $6.37. Operating EPS guidance to be between $5.53 to $5.73. Declared Dividend • Apr 29
Fourth quarter dividend of US$0.88 announced Shareholders will receive a dividend of US$0.88. Ex-date: 9th May 2024 Payment date: 10th June 2024 Dividend yield will be 4.1%, which is lower than the industry average of 4.3%. Sustainability & Growth Dividend is covered by earnings (79% earnings payout ratio) but the company has no free cash flows available, indicating it may be using cash reserves or debt to pay the dividend. The dividend has increased by an average of 6.0% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. EPS is expected to grow by 28% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Announcement • Apr 24
American Electric Power Company, Inc. Declares Quarterly Dividend on Common Stock, Payable on June 10, 2024 The Board of Directors of American Electric Power Co. declared a regular quarterly cash dividend of 88 cents a share on the company's common stock. The dividend is payable June 10, 2024, to shareholders of record as of May 10, 2024, and is the company's 456th consecutive quarterly common stock cash dividend. AEP has paid a cash dividend on its common stock every quarter since July 1910. Announcement • Mar 15
American Electric Power Company, Inc., Annual General Meeting, Apr 23, 2024 American Electric Power Company, Inc., Annual General Meeting, Apr 23, 2024, at 09:00 US Eastern Standard Time. Agenda: To consider election of Directors; to consider ratification of the appointment of PricewaterhouseCoopers LLP as the independent registered public accounting firm for 2024; to consider advisory vote to approve executive compensation (Say on Pay); and to consider the Company's 2024 Long-term Incentive Plan. Buy Or Sell Opportunity • Mar 07
Now 20% undervalued Over the last 90 days, the stock has risen 4.0% to €77.55. The fair value is estimated to be €97.07, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 9.4% over the last 3 years. Earnings per share has declined by 4.6%. For the next 3 years, revenue is forecast to grow by 4.7% per annum. Earnings are also forecast to grow by 11% per annum over the same time period. Announcement • Feb 27
American Electric Power Company, Inc. Announces CEO Changes American Electric Power Company, Inc. announced that Benjamin G.S. Fowke III, a member of the company's Board of Directors and the former chairman and CEO of Xcel Energy, Inc., has been appointed interim chief executive officer. Fowke succeeds Julie A. Sloat. Fowke has been a member of AEP's Board since February 2022, and was chairman and CEO of Xcel for more than a decade until his retirement as CEO in August 2021. He remained executive chairman of the XcelBoard until December 2021. Fowke held a variety of leadership roles at Xcel including chief operating officer and chief financial officer. Fowke has a bachelor's degree in finance and accounting from Towson University and obtained his CPA in 1982. He is on the Board of Securian Financial and Energy Insurance Mutual and former chair of the Board of Edison Electric Institute. Reported Earnings • Feb 27
Full year 2023 earnings released: EPS: US$4.26 (vs US$4.51 in FY 2022) Full year 2023 results: EPS: US$4.26 (down from US$4.51 in FY 2022). Revenue: US$19.0b (down 3.3% from FY 2022). Net income: US$2.21b (down 4.3% from FY 2022). Profit margin: 12% (in line with FY 2022). Revenue is forecast to grow 5.1% p.a. on average during the next 3 years, while revenues in the Electric Utilities industry in Europe are expected to remain flat. Over the last 3 years on average, earnings per share has fallen by 5% per year but the company’s share price has increased by 6% per year, which means it is well ahead of earnings. Announcement • Feb 13
American Electric Power Announces Director Appointments American Electric Power announced that it has entered into an agreement with Icahn Capital L.P. and certain of its affiliates, under which Hunter C. Gary, senior managing director at Icahn Enterprises L.P., and Henry ("Hank") P. Linginfelter, retired executive vice president of Southern Company Gas, will join AEP's Board of Directors, effective February 12, 2024. With the additions of Gary and Linginfelter, the Board will temporarily increase to 14 directors, 13 of whom are independent. Gary and Linginfelter will stand for election at AEP's 2024 Annual Meeting of Shareholders as part of the company's recommended slate of director nominees, following which the Board will once again be comprised of 12 directors. Gary's appointment is subject to certain regulatory approvals, and he will have voting rights on the Board after those approvals are received. Buy Or Sell Opportunity • Feb 06
Now 20% undervalued The stock has been flat over the last 90 days, currently trading at €72.07. The fair value is estimated to be €90.65, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 11% over the last 3 years, while earnings per share has been flat. For the next 3 years, revenue is forecast to grow by 4.3% per annum. Earnings are also forecast to grow by 9.4% per annum over the same time period. Upcoming Dividend • Feb 01
Upcoming dividend of US$0.88 per share at 4.5% yield Eligible shareholders must have bought the stock before 08 February 2024. Payment date: 08 March 2024. Payout ratio is on the higher end at 76% but the company is not cash flow positive. Trailing yield: 4.5%. Lower than top quartile of Austrian dividend payers (5.0%). Lower than average of industry peers (5.5%). Declared Dividend • Jan 29
Third quarter dividend of US$0.88 announced Shareholders will receive a dividend of US$0.88. Ex-date: 8th February 2024 Payment date: 8th March 2024 Dividend yield will be 4.5%, which is about the same as the industry average. Sustainability & Growth Dividend is covered by earnings (76% earnings payout ratio) but the company has no free cash flows available, indicating it may be using cash reserves or debt to pay the dividend. The dividend has increased by an average of 6.0% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. EPS is expected to grow by 25% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Buy Or Sell Opportunity • Jan 21
Now 20% undervalued Over the last 90 days, the stock has risen 2.4% to €71.42. The fair value is estimated to be €89.83, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 11% over the last 3 years, while earnings per share has been flat. For the next 3 years, revenue is forecast to grow by 4.6% per annum. Earnings are also forecast to grow by 10% per annum over the same time period. Announcement • Jan 20
American Electric Power Company, Inc. Declares Regular Quarterly Cash Dividend, Payable on March 8, 2024 The Board of Directors of American Electric Power Co. declared a regular quarterly cash dividend of 88 cents a share on the company's common stock. The dividend is payable March 8, 2024, to shareholders of record as of February 9, 2024. Announcement • Nov 17
American Electric Power Company, Inc. has completed a Follow-on Equity Offering in the amount of $497.857143 million. American Electric Power Company, Inc. has completed a Follow-on Equity Offering in the amount of $497.857143 million.
Security Name: Common Stock
Security Type: Common Stock
Securities Offered: 1,917,140
Price\Range: $84.096357
Security Name: Common Stock
Security Type: Common Stock
Securities Offered: 438,165
Price\Range: $86.166403
Security Name: Common Stock
Security Type: Common Stock
Securities Offered: 3,066,520
Price\Range: $89.811305
Security Name: Common Stock
Security Type: Common Stock
Securities Offered: 280,000
Price\Range: $83.819243
Transaction Features: At the Market Offering Announcement • Nov 03
American Electric Power Company, Inc. Provides Earnings Guidance for the Year 2023 American Electric Power Company, Inc. provided earnings guidance for the year 2023. For the year, the company narrowed its 2023 operating earnings guidance range to $5.24 to $5.34 per share and the estimated earnings per share on a GAAP basis would be $4.84 to $4.94 per share. New Risk • Nov 03
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 2.3% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risk Interest payments are not well covered by earnings (2.3x net interest cover). Minor Risks Paying a dividend despite having no free cash flows. Shareholders have been diluted in the past year (2.3% increase in shares outstanding). Reported Earnings • Nov 03
Third quarter 2023 earnings released: EPS: US$1.83 (vs US$1.33 in 3Q 2022) Third quarter 2023 results: EPS: US$1.83 (up from US$1.33 in 3Q 2022). Revenue: US$5.34b (down 3.3% from 3Q 2022). Net income: US$953.7m (up 40% from 3Q 2022). Profit margin: 18% (up from 12% in 3Q 2022). The increase in margin was driven by lower expenses. Revenue is forecast to grow 4.4% p.a. on average during the next 3 years, compared to a 4.9% decline forecast for the Electric Utilities industry in Europe. Over the last 3 years on average, earnings per share has fallen by 2% per year whereas the company’s share price has fallen by 1% per year. Upcoming Dividend • Nov 02
Upcoming dividend of US$0.88 per share at 4.6% yield Eligible shareholders must have bought the stock before 09 November 2023. Payment date: 08 December 2023. Payout ratio is on the higher end at 85% but the company is not cash flow positive. Trailing yield: 4.6%. Lower than top quartile of Austrian dividend payers (5.8%). Lower than average of industry peers (5.7%). Announcement • Oct 20
American Electric Power Announces to Receive Federal Grant to Enhance Grid Reliability American Electric Power selected for a $27.8 million federal grant under the U.S. Department of Energy's Grid Resilience and Innovation Partnerships (GRIP) program to help improve service and build a more modern, responsive electric grid for customers across its footprint. The grant will fund part of the cost to implement more advanced systems and new technologies that will enhance AEP's ability to reduce service interruptions and minimize the duration of outages through smart devices that optimize power delivery for customers. The systems also will allow AEP to visualize, manage and control the electric grid as new distributed energy resources are integrated into the grid. The GRIP grant program was created as part of the federal Infrastructure Investment and Jobs Act signed into law in November 2021. The first round of funding under the program was announced Oct. 18, 2023. The grant supports AEP's deployment of an Advanced Distribution Management System (ADMS) that enhances the ability of system operators to monitor and control the grid to maintain a safe and reliable distribution network. It combines real-visualization, improving situational awareness for operators and allowing a greater level of flexibility and visibility into the grid. The ADMS tools support outage restoration, grid optimization, fault location, isolation and restoration, switching analysis and load flow. The Distributed Energy Resource Management System (DERMS) is part of the ADMS platform. DERMS provides visibility into the distributed energy resources that are connected to and interacting with the grid, allowing operators to plan and manage the flow of those resources on the system. The grant is subject to final agreement between AEP and the U.S. Department of Energy on terms and conditions.American Electric Power, based in Columbus, Ohio, is powering a cleaner, brighter energy future for its customers and communities. AEP's approximately 17,000 employees operate and maintain the nation's largest electricity transmission system and more than 225,000 miles of distribution lines to safely deliver reliable and affordable power to 5.6 million regulated customers in 11 states. AEP also is one of the nation's largest electricity producers with nearly 29,000 megawatts of diverse generating capacity, including approximately 6,100 megawatts of renewable energy. The company's plans include growing its regulated renewable generation portfolio to approximately 50% of total capacity by 2032. Buying Opportunity • Oct 02
Now 21% undervalued after recent price drop Over the last 90 days, the stock is down 12%. The fair value is estimated to be €87.46, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 11% over the last 3 years, while earnings per share has been flat. For the next 3 years, revenue is forecast to grow by 4.0% per annum. Earnings is also forecast to grow by 12% per annum over the same time period. 
