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Last $55.73 USD
Change Today -0.12 / -0.21%
Volume 2.0M
AEP On Other Exchanges
Symbol
Exchange
New York
Berlin
As of 8:04 PM 04/17/15 All times are local (Market data is delayed by at least 15 minutes).

american electric power (AEP) Snapshot

Open
$55.62
Previous Close
$55.85
Day High
$56.39
Day Low
$55.51
52 Week High
01/28/15 - $65.38
52 Week Low
08/6/14 - $49.06
Market Cap
27.3B
Average Volume 10 Days
2.0M
EPS TTM
$3.44
Shares Outstanding
489.6M
EX-Date
02/6/15
P/E TM
16.2x
Dividend
$2.12
Dividend Yield
3.70%
Current Stock Chart for AMERICAN ELECTRIC POWER (AEP)

american electric power (AEP) Details

American Electric Power Company, Inc., a public utility holding company, engages in the generation, transmission, and distribution of electricity for sale to retail and wholesale customers. The company generates electricity using coal and lignite, natural gas, nuclear, and hydroelectric and other energy sources. It also supplies and markets electric power at wholesale to other electric utility companies, rural electric cooperatives, municipalities, and other market participants. As of January 28, 2015, the company delivered electricity to approximately 5.3 million customers in 11 states. In addition, it transports liquid, coal, and dry bulk commodities primarily on the Ohio, Illinois, and lower Mississippi rivers. The company owns and leases approximately 2,300 barges, 37 towboats, and 18 harbor boats. American Electric Power Company, Inc. was founded in 1906 and is headquartered in Columbus, Ohio.

18,529 Employees
Last Reported Date: 02/20/15
Founded in 1906

american electric power (AEP) Top Compensated Officers

Chairman, Chief Executive Officer, President,...
Total Annual Compensation: $1.2M
Chief Financial Officer and Executive Vice Pr...
Total Annual Compensation: $695.3K
Chief Operating Officer and Executive Vice Pr...
Total Annual Compensation: $695.3K
Executive Vice President, General Counsel and...
Total Annual Compensation: $568.7K
Chief Administrative Officer and Senior Vice ...
Total Annual Compensation: $490.7K
Compensation as of Fiscal Year 2014.

american electric power (AEP) Key Developments

American Electric Power to Shut Down Seven Coal-Fired Power Plants, by the End of May 2015

American Electric Power announced that By the end of May 2015, the company will shut down seven coal-fired power plants. Two others are in the process of being converted to run on natural gas. The actions are a follow-through on plans announced in 2011 and then updated since then, necessitated in part by federal clean-air rules. In Ohio, the closings affect one big plant and a small one: the Muskingum River plant in Washington County, with 1,440 megawatts of capacity, and the Picway plant south of Columbus, with 100 megawatts. AEP has issued layoff notices for more than 250 employees at six of the plants. The remaining workers will be offered severance packages, and many of those employees are retirement age. Outside of Ohio, the following AEP sites will close by the end of May: the Sporn, Kammer and Kanawha River plants in West Virginia, the Tanners Creek plant in Indiana and the Glen Lyn plant in Virginia. In addition, two plants Big Sandy in Kentucky and Clinch River in Virginia are shutting down their coal-burning systems and converting them to burn natural gas. The nine plants have about 6,000 megawatts of capacity, which is 16% of AEP's total capacity.

American Electric Power Readies to Close Six Coal-Fired Plants in Four States on May 31, 2015

American Electric Power is readying to shut down six coal-fired power plants in four states on May 31, 2015 to comply with federal emissions standards. AEP gave notices of the closures to the workers and to the states at the Philip Sporn, the Muskingum River Plant in Ohio, Kammer and Kanawha Valley plants in West Virginia, the Tanners Creek Plant in Indiana and the Glen Lyn Plant in Virginia. The notices are needed by the federal Worker Adjustment and Retraining Notification Act.

AEP Strategic Options For AEP River

American Electric Power Co., Inc. (NYSE:AEP) has retained Morgan Stanley (NYSE:MS) to explore options for its AEP River Operations, LLC. AEP is committed to completing its review of potential alternatives for AEP River operations as promptly as practicable.

 

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AEP Competitors

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Industry Analysis

AEP

Industry Average

Valuation AEP Industry Range
Price/Earnings 16.7x
Price/Sales 1.6x
Price/Book 1.6x
Price/Cash Flow 7.7x
TEV/Sales 0.4x
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