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United States

American Electric Power Company Inc (AEP)

AEP on New York Consolidated

67.07USD
23 Feb 2018
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$1.39 (+2.12%)
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Latest Key Developments (Source: Significant Developments)

AEP Ohio's plan to expand advanced energy delivery system approved
Wednesday, 1 Feb 2017 05:16pm EST 

American Electric Power Company Inc - : Received approval from public utilities commission of Ohio to implement its gridsmart phase 2 plan .Plan includes installation of 894,000 smart meters in 31 communities throughout Ohio over next four years.  Full Article

AEP reports Q4 GAAP earnings $0.76 per share
Thursday, 26 Jan 2017 06:57am EST 

American Electric Power Company Inc : AEP reports 2016 fourth-quarter and year-end earnings . . Q4 operating earnings per share $0.67 . Q4 GAAP earnings per share $0.76 . Q4 earnings per share view $0.55 -- Thomson Reuters I/B/E/S . Qtrly revenue $3.8 billion versus $3.6 billion . Q4 earnings per share view $0.55, revenue view $3.91 billion -- Thomson Reuters I/B/E/S . FY 2017 earnings per share view $3.67 -- Thomson Reuters I/B/E/S . Reaffirms FY 2017 operating earnings per share view $3.55 to $3.75 . American Electric Power Company Inc says "we expect to complete sale of four competitive power plants soon" . American Electric Power Company Inc - wrote down remaining competitive generation assets in Q3 of 2016 . American Electric Power Company Inc says estimated earnings per share on a GAAP basis would be $3.83 to $4.03 for 2017 . American electric power - expect modest overall load growth in 2017 . American Electric Power Company says "we expect modest overall load growth in 2017 as improving energy and metals prices support industrial growth" ."We also increased our quarterly dividend payment by 5.4 percent to 59 cents per share".  Full Article

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

BRIEF-AEP Outlines Strategy To Cut Carbon Dioxide Emissions

* AMERICAN ELECTRIC POWER COMPANY - STRATEGY TO CUT CARBON DIOXIDE EMISSIONS 60 PERCENT FROM 2000 LEVELS BY 2030; 80 PERCENT FROM 2000 LEVELS BY 2050 Source text for Eikon: Further company coverage: