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Last $55.94 USD
Change Today +0.05 / 0.09%
Volume 2.5M
AEP On Other Exchanges
Symbol
Exchange
New York
Berlin
As of 8:04 PM 07/29/15 All times are local (Market data is delayed by at least 15 minutes).

american electric power (AEP) Snapshot

Open
$55.75
Previous Close
$55.89
Day High
$56.00
Day Low
$55.38
52 Week High
01/28/15 - $65.38
52 Week Low
08/6/14 - $49.06
Market Cap
27.4B
Average Volume 10 Days
2.8M
EPS TTM
$3.64
Shares Outstanding
490.6M
EX-Date
08/6/15
P/E TM
15.4x
Dividend
$2.12
Dividend Yield
3.74%
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 Announces Executive Changes

Wade Smith has been named senior vice president - Transmission Grid Development for American Electric Power (AEP), effective Aug. 3, 2015. He will report to Lisa M. Barton, AEP's executive vice president - Transmission, and will oversee transmission planning, engineering, project services and reliability compliance. Smith currently serves as president and chief operating officer of AEP Texas. Scott N. Smith, currently senior vice president - Transmission Grid Development and Portfolio Services, will assume a new role as senior vice president - Transmission Controls and Field Services. He will continue to report to Barton, will provide support for the transmission projects in AEP's operating companies and will have responsibility for financial controls and transmission operations across the company's 11-state footprint. Bruce Evans will succeed Wade Smith as president and chief operating officer of AEP Texas, a transmission and distribution utility serving nearly one million customers in south and west Texas. He will be responsible for operations, safety and a wide range of customer and regulatory relationships and will report to Venita McCellon-Allen, president and chief operating officer of Southwestern Electric Power Co. Evans is currently vice president - Distribution Operations for AEP Texas. Wade Smith, 50, became president and chief operating officer of AEP Texas in 2010. Previously, he was vice president - Transmission Engineering & Project Services for AEP from 2008 to 2010. Scott Smith has served as senior vice president - Transmission Grid Development and Portfolio Services since 2011. Previously, he was vice president and assistant to the president of the Ohio Valley Electric Corporation from 2010 to 2011. Evans was named vice president - Distribution Operations for AEP Texas in 2012. Previously, he served as vice president of demand management for Nexant Inc. and held a number of leadership positions with major energy consulting firms, as well as Cirro Energy and CPS Energy.

American Electric Power Reports Preliminary Unaudited Financial Results for the Second Quarter and Year-To-Date Ended June 30, 2015; Increases Earnings Guidance for the Year 2015

American Electric Power reported preliminary unaudited financial results for the second quarter and year-to-date ended June 30, 2015. For the quarter, the company’s GAAP earnings were $430 million or $0.88 per share, compared with $390 million or $0.80 per share a year ago. Operating earnings were $429 million or $0.88 per share, compared to $390 million or $0.80 per share a year ago. Revenue was $3.9 billion against $4.0 billion a year ago. The difference in second-quarter 2015 GAAP and operating earnings was due to commodity hedging within the Generation & Marketing segment. For the year-to-date ended June 30, the company’s GAAP earnings were $1,059 million or $2.16 per share, compared to $950 million or $1.95 per share a year ago. Operating earnings were $1,054 million or $2.15 per share, compared to $950 million or $1.95 per share a year ago. Revenue was $8.7 billion against $8.7 billion a year ago. Management increased and narrowed its 2015 operating earnings guidance range to $3.50 to $3.65 per share from the previous 2015 operating earnings guidance of $3.40 to $3.60 per share. In providing operating earnings guidance, there could be differences between operating earnings and GAAP earnings for matters such as, but not limited to, impairments or changes in accounting principles.

American Electric Power Declares Quarterly Dividend on Common Stock, Payable on Sept. 10, 2015

The Board of Directors of American Electric Power Co. declared a regular quarterly cash dividend of 53 cents a share on the company's common stock. The dividend is payable Sept. 10, 2015, to shareholders of record as of Aug. 10, 2015.

 

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Industry Analysis

AEP

Industry Average

Valuation AEP Industry Range
Price/Earnings 15.7x
Price/Sales 1.6x
Price/Book 1.6x
Price/Cash Flow 7.3x
TEV/Sales 0.4x
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