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American Electric Power Company Inc (AEP)

AEP on New York Consolidated

62.91USD
20 Jan 2017
Change (% chg)

$0.21 (+0.33%)
Prev Close
$62.70
Open
$62.90
Day's High
$63.15
Day's Low
$62.49
Volume
2,014,966
Avg. Vol
2,716,977
52-wk High
$71.32
52-wk Low
$56.75

Latest Key Developments (Source: Significant Developments)

American Electric Power Co raises dividend by 5.4 pct
Tuesday, 25 Oct 2016 10:14am EDT 

American Electric Power Company Inc : Increases quarterly dividend by 5.4 percent .Increases quarterly dividend to 59 cents a share.  Full Article

American Electric Power Q2 GAAP earnings per share $1.02
Thursday, 28 Jul 2016 06:57am EDT 

American Electric Power Company Inc : AEP reports strong 2016 second-quarter gaap and operating earnings . Q2 GAAP earnings per share $1.02 . Q2 earnings per share view $0.90 -- Thomson Reuters I/B/E/S . Qtrly revenue $3.9 billion versus $3.8 billion . Q2 revenue view $4.01 billion -- Thomson Reuters I/B/E/S . Q2 operating earnings per share $0.95 . Full-year 2016 earnings per share view $3.67 -- Thomson Reuters I/B/E/S . Reaffirms full-year 2016 operating earnings per share view $3.60 to $3.80 .2016 estimated earnings per share on a gaap basis would be $3.67 to 3.87 per share.  Full Article

American Electric Power restructures two existing $1.75 bln credit agreements
Thursday, 30 Jun 2016 03:16pm EDT 

American Electric Power Company Inc : On June 30, restructured two existing $1.75 billion credit agreements to consist of 5-year $3 billion facility and 2-year $500 million facility .AEP entered into a $3 billion fourth amended and restated credit agreement, dated June 30, 2016.  Full Article

American Electric Power Company Inc reaffirms FY 2016 EPS guidance
Thursday, 28 Apr 2016 06:57am EDT 

American Electric Power Company Inc:Reaffirms FY 2016 operating earnings guidance range of $3.60 to $3.80 per share.  Full Article

American Electric Power Company Inc declares quarterly dividend on common stock
Tuesday, 26 Apr 2016 12:33pm EDT 

American Electric Power Company Inc:Declared a regular quarterly cash dividend of 56 cents a share on the company's common stock.Dividend is payable June 10 to shareholders of record date as of May 10, 2016.  Full Article

American Electric Power Company Inc - Norway's $863 billion wealth fund bans 52 coal-linked firms - Reuters News
Thursday, 14 Apr 2016 11:38am EDT 

American Electric Power Company Inc:Norway's $863 billion sovereign wealth fund, said on Thursday it had sold shares in 52 coal-dependent companies from its portfolio as part of a policy to fight climate change.A Reuters calculation showed the stakes sold were worth at least $1 billion at the end of 2014, before the fund started big divestments from coal.The biggest holdings included a $188 million stake in CLP Holdings.The fund listed U.S. firms American Electric Power Co Inc AEP.N, AES Corp AES.N and Allete Inc ALE.N among the firms, along with China Coal Energy Co Ltd 601898.SS and Coal India COAL.NS, the world's biggest coal miner by output.Global coal producer Peabody Energy Corp BTU.N, which filed for bankruptcy on Wednesday, was also on the list.The fund sent letters to the companies, but only five responded, it said in a statement. The fund declined to give an overall value of its divestments so far.The fund has a range of ethics criteria for excluding firms from its portfolio, including severe environmental damage, nuclear weapons making, tobacco production and certain labour conditions.  Full Article

American Electric Power Company Inc raises FY 2015 EPS guidance
Thursday, 22 Oct 2015 06:57am EDT 

American Electric Power Company Inc:Says FY 2015 operating earnings guidance range increased and narrowed to $3.67 to $3.77 per share from $3.50 to $3.65 per share.  Full Article

American Electric Power Company increases quarterly dividend to 56 cents a share
Tuesday, 20 Oct 2015 10:33am EDT 

American Electric Power Company:Declared a regular quarterly cash dividend of 56 cents a share on the company's common stock, increasing the dividend 5.7 percent from the previous 53 cents a share.Dividend is payable Dec. 10 to shareholders of record as of Nov. 10.  Full Article

American Electric Power Company to sell AEP River Operations to American commercial lines
Thursday, 1 Oct 2015 04:52pm EDT 

American Electric Power Company:To sell AEP river operations to American commercial lines.Says deal valued at about $550 million.Deal for about $550 million.American electric power company says expects to record a net gain of approximately $125 million from the sale in the fourth quarter of 2015.Says expects to net approximately $400 million in cash after taxes, debt retirement and transaction fees.Says company will invest the proceeds in its regulated business.American electric power company -upon close of the sale, acl will acquire AEP river operations by purchasing all the stock of AEP resources.AEP will retain ownership of its captive barge fleet.AEP has signed a contract with acl to dispatch and operate aep's captive barge fleet through the end of 2016.Says is still conducting an independent strategic evaluation of its competitive generation business.American electric power co says to sell its commercial barge transportation subsidiary, AEP river operations llc, to American commercial lines.Says acl will assume all assets and liabilities of AEP river operations.  Full Article

American Electric Power Company Inc raises FY 2015 earnings guidance
Thursday, 23 Jul 2015 06:55am EDT 

American Electric Power Company Inc:Says that it has increased and narrowed its FY 2015 operating earnings guidance range to $3.50 to $3.65 per share from the previous FY 2015 operating earnings guidance of $3.40 to $3.60 per share.  Full Article

BRIEF-American Electric Power unit AEP Ohio files proposal to extend current electric security plan

* Unit AEP Ohio has filed proposal with public utilities commission of Ohio to extend current electric security plan to May 2024 Source text for Eikon: Further company coverage: