American Electric Power 株価情報 (NASDAQ: AEP)

最新ニュース American Electric Power (NASDAQ:AEP) 株価情報

American Electric Power

American Electric Power is one of the largest regulated utilities in the United States, providing electricity generation, transmission, and distribution to more than 5 million customers in 11 states. About 42% of AEP's of capacity is coal, with the remainder from a mix of natural gas (27%), renewable energy and hydro (21%), nuclear (8%), and demand response (2%). Vertically integrated utilities, transmission and distribution, and generation and marketing support earnings.

American Electric Power Company, Inc. - Common Stock

American Electric Power Co Inc

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Morgan Stanley analyst Stephen Byrd maintains American Electric Power (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AEP#NASDAQ">AEP</a>) with a Overweight and lowers the price target from $109 to $104.

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Morgan Stanley Maintains Overweight on American Electric Power, Lowers Price Target to $104

U.S. stocks traded lower toward the end of trading, with the Dow Jones index falling by more than 300 points on Friday.
The Dow traded down 0.78% to 43,410.32 while the NASDAQ fell 2.50% to 18,630.37. The S&amp;P 500 also fell, dropping, 1.51% to 5,859.61.
Check This Out: <a href="https://www.benzinga.com/24/11/42005109/top-4-utilities-stocks-that-may-keep-you-up-at-night-this-quarter">Top 4 Utilities Stocks That May Keep You Up At Night This Quarter</a>
Leading and Lagging Sectors Utilities shares rose by 1% on Friday.
In trading on Friday, information technology shares fell by 2.7%.
Top Headline
The total number of active U.S. oil rigs fell by one to 478 rigs this week, Baker Hughes Inc reported.
Equities Trading UP &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
<ul>
<li>The Arena Group Holdings, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AREN#NYSE">AREN</a>) shares shot up 181% to $1.63 after it announced its first ever profitable quarter.</li>
<li>Shares of Bloom Energy Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BE#NYSE">BE</a>) got a boost, surging 55% to $20.59 after the energy company became the latest to announce a major deal to power AI data centers. Bloom Energy announced Thursday evening that it has signed a supply agreement with American Electric Power Company, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AEP#NASDAQ">AEP</a>) for up to 1 gigawatt (GW) of its products, the largest commercial procurement of fuel cells in the world to date.&nbsp;</li>
<li>Simpple Ltd. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SPPL#NASDAQ">SPPL</a>) shares were also up, gaining 46% to $1.29 after the company announced a $400,000 contract to supply autonomous cleaning robots at Singapore&#8217;s International Airport Terminal.</li>
</ul>
Equities Trading DOWN
<ul>
<li>TFF Pharmaceuticals, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TFFP#NASDAQ">TFFP</a>) shares dropped 77% to $0.37 after the company announced it will wind down its operations.</li>
<li>Shares of Eyenovia, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/EYEN#NASDAQ">EYEN</a>) were down 70% to $0.10 after the company announced that its CHAPERONE trial is not meeting its primary endpoint, prompting the discontinuation of the study and a review of the full data set to evaluate next steps for the program.</li>
<li>Ryvyl Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RVYL#NASDAQ">RVYL</a>) was down, falling 26% to $1.26 after the company reported worse-than-expected third-quarter financial results and cut its FY24 sales guidance.</li>
</ul>
Commodities In commodity news, oil traded down 2.2% to $67.20 while gold traded down 0.1% at $2,572.20.
Silver traded down 0.5% to $30.425 on Friday, while copper fell 0.5% to $4.0690.
Euro zone
European shares closed mostly lower today. The eurozone's STOXX 600 fell 0.77%, Germany's DAX fell 0.27% and France's CAC 40 fell 0.58%. Spain's IBEX 35 Index gained 0.97%, while London's FTSE 100 fell 0.09%.
The annual inflation rate in Italy increased to 0.9% in October versus 0.7% in the prior month, while France&#8217;s annual inflation rate rose to 1.2% in October. The GDP in the UK grew by 1% year-over-year during the third quarter.
Asia Pacific Markets
Asian markets closed lower on Friday, with Japan's Nikkei 225 gaining 0.28%, Hong Kong's Hang Seng Index falling 0.05% and China's Shanghai Composite Index dipping 1.45%.
Hong Kong's economy expanded by 1.8% year-over-year in the third quarter compared to a 3.2% increase in the previous period. China&#8217;s retail sales rose by 4.8% year-over-year in October, while industrial production rose by 5.3% year-over-year in October.
Economics
<ul>
<li>The NY Empire State Manufacturing Index surged to 31.2 in November versus -11.9 in the previous month and topping market estimates of -0.7.</li>
<li>U.S. export prices increased by 0.8% in October, while import prices rose by 0.3% month-over-month in October.</li>
<li>U.S. retail sales rose 0.4% month-over-month in October compared to a revised 0.8% increase in September, and toping market estimates of 0.3%.</li>
<li>U.S. industrial production declined by 0.3% in October compared to a revised 0.5% declined in September.</li>
<li>The total number of active U.S. oil rigs fell by one to 478 rigs this week, Baker Hughes Inc reported.</li>
<li>U.S. business inventories rose 0.1% month-over-month in September compared to a 0.3% gain in August and versus market estimates of 0.2%.</li>
</ul>
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Intraday Update

Markets

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AREN

EYEN

RVYL

SPPL

TFFP

Crude Oil Dips Over 2%; Bloom Energy Shares Spike Higher

Here&#8217;s a look at the top five trending stocks <a href="https://www.benzinga.com/general/space/24/11/42013739/benzingas-stock-whisper-index-5-stocks-investors-secretly-monitor-but-dont-talk-about-yet-43">on Yahoo Finance.</a> 
Pfizer, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PFE#NYSE">PFE</a>): Shares of vaccine stocks are down after President-elect Donald Trump pointed to Robert Kennedy Jr. as potentially the next Health and Human Services secretary. Trump has said <a href="https://www.benzinga.com/general/biotech/24/11/41822473/trumps-potential-health-czar-robert-f-kennedy-jr-rattles-vaccine-stocks-shoot-first-reaction">he would let</a> Kennedy "go wild on health" and could &#8220;do pretty much what he wants&#8221; in his administration, while Kennedy has a record of spreading falsehoods about vaccines, according to The New York Times.
Applied Materials, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMAT#NASDAQ">AMAT</a>): Applied Materials shares are trading lower Friday following the company's fourth-quarter <a href="https://www.benzinga.com/news/earnings/24/11/41991276/applied-materials-shares-slip-despite-better-than-expected-q4-results">earnings release</a> after Thursday's closing bell. Multiple analyst firms have lowered price targets on the stock. 
Bloom Energy Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BE#NYSE">BE</a>): Bloom Energy shares are charging higher after the energy company <a href="https://www.benzinga.com/news/earnings/earnings-beats/24/11/42011327/why-bloom-energy-could-reach-revenues-of-18b-next-year-says-bullish-analyst">became the latest </a>to announce a major deal to power AI data centers. Bloom Energy announced Thursday evening that it has signed a supply agreement with American Electric Power Company, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AEP#NASDAQ">AEP</a>) for up to 1 gigawatt (GW) of its products, the largest commercial procurement of fuel cells in the world to date.  
Palantir Technologies, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PLTR#NYSE">PLTR</a>): Palantir shares are trading at record highs Friday after the company said <a href="https://www.benzinga.com/24/11/42010539/whats-going-on-with-palantir-technologies-stock-today">it will transfer</a> its stock listing to the Nasdaq Global Select Market from the New York Stock Exchange. Palantir will begin trading as a Nasdaq-listed company on Nov. 26.
FuelCell Energy, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FCEL#NASDAQ">FCEL</a>): FuelCell Energy shares are slipping Friday after<a href="https://www.benzinga.com/news/guidance/24/11/42011849/restructure-and-recharge-fuelcell-cuts-workforce-plans-to-reduce-operating-costs-by-15-in-2025"> the company said </a>it will slash its workforce by 17% and reduce spending across product development, overhead and other expenses. FuelCell Energy said it needs to reduce costs and focus on core technologies due to slower-than-anticipated clean energy investments.
Price Action: According to data from <a href="https://pro.benzinga.com/?gspk=YWRhbWVja2VydDUzMzY&amp;gsxid=zBMR4PKmcgBw">Benzinga Pro</a>:
<ul>
<li>Pfizer shares are down 4.59% at $24.83</li>
<li>Applied Materials shares are down 8.22% at $170.66</li>
<li>Bloom Energy shares are up 45.1% at $19.27</li>
<li>Palantir shares are up 7.54% at $63.65</li>
<li>FuelCell Energy shares are down 11.1% at $6.23 at last check on Friday. </li>
</ul>
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</ul>
Image: Moondance from Pixabay

Movers

AMAT

FCEL

PLTR

Friday's Top 5 Trending Stocks: What's The Scoop On Palantir, Bloom Energy, Pfizer?

Bloom Energy Corp (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BE#NYSE">BE</a>) announced a 1 GW fuel cell supply deal with American Electric Power Company Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AEP#NASDAQ">AEP</a>), which sent its <a href="https://www.benzinga.com/quote/be">stock soaring in early trading on Friday</a>.
The deal is "proof of concept" that the company's product can power large-scale data centers, according to Piper Sandler.
<a href="https://www.benzinga.com/analyst-stock-ratings/analyst/58933b2043eaaa0001698f48/kashy-harrison">Analyst Kashy Harrison</a> upgraded the rating from Neutral to Overweight while raising the price target from $10 to $20.
The Bloom Energy Thesis: The latest order could "open the door to future arrangements with other utilities," Harrison said in the upgrade note.
Check out <a href="https://www.benzinga.com/analyst-stock-ratings">other analyst stock ratings</a>.
Due to previous failures, markets had been skeptical about Bloom Energy's ability to deliver power to large data centers, the analyst stated. The order from AEP "is literally 10x what we were expecting," he added.
"Due to AEP order, the 80 MW SK Eternix order, the minimum 125 MW SK Ecoplant commitment, and continued momentum with other domestic customers, we see a path to $1.8B of revenues next year," Harrison further wrote.
BE Price Action: Shares of Bloom Energy Industries had risen by 49.21% to $19.83 at the time of publication on Friday.
Read More: • <a href="https://www.benzinga.com/24/11/41853996/sony-posts-upbeat-earnings-joins-tesla-upstart-doximity-fortrea-axon-enterprise-and-other-big-stocks-moving-higher-on-friday">Sony Posts Upbeat Earnings, Joins Tesla, Upstart, Doximity, Fortrea, Axon Enterprise And Other Big Stocks Moving Higher On Friday</a>
Photo: Courtesy Bloom Energy

Earnings Beats

Long Ideas

Upgrades

Reiteration

Why Bloom Energy Could Reach Revenues Of $1.8B Next Year, Says Bullish Analyst

This customer-focused effort is the largest utility fuel cell initiative in the country
COLUMBUS, Ohio, Nov. 14, 2024 /PRNewswire/ -- American Electric Power (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AEP#NASDAQ">AEP</a>) is offering large customers a custom solution to support their growing energy needs with fuel cell technology. AEP has an agreement in place to secure up to 1 gigawatt (GW) of Bloom Energy solid oxide fuel cells for data centers and other large energy users who need to quickly power their operations while the grid is built out to accommodate demand. This is the largest utility fuel cell technology initiative in the nation.
AEP expects commercial load to grow an average of 20% annually over the next three years, driven by data center development. The company is in the process of finalizing the first customer project agreements. Discussions are taking place with several other customers about using this technology to provide additional power to their sites while AEP makes the needed grid investments for the long term. All costs for the fuel cell projects will be covered by the large customers under a special contract.

Contracts

AEP Leveraging Fuel Cell Technology To Power Data Center Growth; AEP Has An Agreement In Place To Secure Up To 1 Gigawatt Of Bloom Energy Solid Oxide Fuel Cells For Data Centers And Other Large Energy Users Who Need To Quickly Power Their Operations While The Grid Is Built Out To Accommodate Demand; In The Process Of Finalizing The First Customer Project Agreements Where All Costs Will Be Covered By The Large Customers Under A Special Contract

BMO Capital analyst James Thalacker maintains American Electric Power (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AEP#NASDAQ">AEP</a>) with a Outperform and lowers the price target from $111 to $104.

BMO Capital Maintains Outperform on American Electric Power, Lowers Price Target to $104

UBS analyst William Appicelli maintains American Electric Power (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AEP#NASDAQ">AEP</a>) with a Sell and raises the price target from $91 to $95.

UBS Maintains Sell on American Electric Power, Raises Price Target to $95

Wells Fargo analyst Neil Kalton maintains American Electric Power (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AEP#NASDAQ">AEP</a>) with a Equal-Weight and lowers the price target from $104 to $102.

Wells Fargo Maintains Equal-Weight on American Electric Power, Lowers Price Target to $102

Evercore ISI Group analyst Durgesh Chopra maintains American Electric Power (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AEP#NASDAQ">AEP</a>) with a In-Line and lowers the price target from $97 to $96.

Evercore ISI Group Maintains In-Line on American Electric Power, Lowers Price Target to $96

WIIM

American Electric Power shares are trading lower after the company reported worse-than-expected Q3 revenue results and issued FY25 adjusted EPS guidance below estimates.

An &#8220;everything rally&#8221; powered Wall Street on Wednesday after the 2024 election results, with Donald Trump emerging as the clear presidential winner. The Republican Party reclaimed control of the Senate, while the House of Representatives leans Republican <a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/11/41778433/s-p-500-dow-hit-record-highs-after-trump-win-fear-index-drops-20">but remains undecided.</a>
The major U.S. equity indices – the S&amp;P 500, Dow Jones Industrial Average, and Nasdaq 100 – surged to record highs in early trading, as investor optimism grew on expectations of more favorable tax policies. 
The S&amp;P 500, Nasdaq, and Dow posted gains of 2.3%, 2.4%, and 3.3%, respectively.
However, the real standouts were small caps and bank stocks, with investors turning to domestic businesses and U.S. banks in anticipation of potential tariff protections and further financial deregulation. 
The Russell 2000 jumped 5.5%, marking its largest single-day increase in two years. 
Large-cap bank stocks climbed 6%, while regional banks tracked by the SPDR S&amp;P Regional Banking ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/KRE#NYSE">KRE</a>) soared 13%—both seeing their biggest one-day gains since November 2020, when the first COVID-19 vaccine was announced.
Clean energy stocks were among the day's worst performers, with the Invesco Solar ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TAN#NYSE">TAN</a>) plunging 11% for its steepest drop since March 2020, as investors braced for potential rollbacks on green initiatives under the Trump administration.
In the foreign exchange market, the U.S. dollar initially rallied nearly 2% before paring gains to 1.4% as traders awaited a Federal Reserve interest rate cut on Thursday.
Treasury yields spiked as expectations rose for larger budget deficits under Republican fiscal policies and higher inflation due to potential tariffs. The 10-year Treasury yield climbed 14 basis points to 4.41%, reaching a four-month high.
Gold prices fell 2.8%, silver dropped over 4%, while natural gas rose 3.8%. Oil prices remained steady.
In the cryptocurrency market, risk appetite thrived, with Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>) rising over 8% to reach a record high of $75,000. Ethereum (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/eth/usd">ETH</a>) gained 10%, and Dogecoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/doge/usd">DOGE</a>) surged 14%, the strongest performance among the top 10 cryptocurrencies.
<h3 class="wp-block-heading">Wednesday&#8217;s Performance In Major US Indices, Sectors</h3>
<figure class="wp-block-table is-style-stripes"> 
<table>
<tbody>
<tr>
<td>Major Indices</td>
<td>Price</td>
<td>1-day % chg</td>
</tr>
<tr>
<td>Russell 2000</td>
<td>2,388.20</td>
<td>5.6%</td>
</tr>
<tr>
<td>Dow Jones</td>
<td>43,739.86</td>
<td>3.6%</td>
</tr>
<tr>
<td>Nasdaq 100</td>
<td>20,740.09</td>
<td>2.5%</td>
</tr>
<tr>
<td>S&amp;P 500</td>
<td>5,922.98</td>
<td>2.4%</td>
</tr>
</tbody>
</table>
<figcaption class="wp-element-caption">Updated at 1:30 p.m. ET</figcaption></figure>
<figure class="wp-block-table is-style-stripes"> 
<table>
<thead>
<tr>
<th>Sector</th>
<th>1-day % chg</th>
</tr>
</thead>
<tbody>
<tr>
<td>Financials</td>
<td>6.0%</td>
</tr>
<tr>
<td>Energy</td>
<td>4.0%</td>
</tr>
<tr>
<td>Industrials</td>
<td>3.9%</td>
</tr>
<tr>
<td>Cons. Discretionary</td>
<td>2.9%</td>
</tr>
<tr>
<td>Technology</td>
<td>2.7%</td>
</tr>
<tr>
<td>Communications</td>
<td>1.9%</td>
</tr>
<tr>
<td>Materials</td>
<td>1.8%</td>
</tr>
<tr>
<td>Health Care</td>
<td>0.3%</td>
</tr>
<tr>
<td>Utilities</td>
<td>-0.7%</td>
</tr>
<tr>
<td>Cons. Staples</td>
<td>-1.7%</td>
</tr>
<tr>
<td>Real Estate</td>
<td>-3.3%</td>
</tr>
</tbody>
</table>
<figcaption class="wp-element-caption">Updated at 1:30 p.m. ET</figcaption></figure>
According to <a href="https://bzresearch.myclickfunnels.com/benzinga-pro-content-webinar-registration/?utm_source=BZprocontent110624&amp;t=be2bearmibe3na1">Benzinga Pro</a> data:
<ul>
<li>The&nbsp;SPDR S&amp;P 500 ETF Trust&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SPY#NYSE">SPY</a>) rose 2.4% to $590.30.</li>
<li>The&nbsp;SPDR Dow Jones Industrial Average&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DIA#NYSE">DIA</a>)&nbsp;rallied 3.5% to $437.05.</li>
<li>The tech-heavy Invesco QQQ Trust Series (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/QQQ#NASDAQ">QQQ</a>) soared 2.5% to $504.69.</li>
<li>The iShares Russell 2000 ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/IWM#NYSE">IWM</a>) spiked 5.6% to $236.23.</li>
<li>The Financials Select Sector SPDR Fund (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XLF#NYSE">XLF</a>) outperformed, rising 6%. The Real Estate Select Sector SPDR Fund (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XLRE#NYSE">XLRE</a>) lagged, down 3.3%.</li>
</ul>
<h3 class="wp-block-heading">Wednesday&#8217;s Stock Movers</h3>
Stocks reacting to earnings reports were: 
<ul>
<li>Archer-Daniels-Midland Company (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ADM#NYSE">ADM</a>), up 2%, </li>
<li>Devon Energy Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DVN#NYSE">DVN</a>), up 1.8%, </li>
<li>Super Micro Computer Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SMCI#NASDAQ">SMCI</a>), down 22%, </li>
<li>CVS Health Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CVS#NYSE">CVS</a>), up 12%,</li>
<li>DBA Sempra (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SRE#NYSE">SRE</a>), up 5.8%, </li>
<li>American Electric Power Company Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AEP#NASDAQ">AEP</a>), down 3%, </li>
<li>Cencora Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/COR#NYSE">COR</a>), up 5.5%, </li>
<li>Howmet Aerospace Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HWM#NYSE">HWM</a>), up 10.7%, </li>
</ul>
Major companies moving in reaction to election results were: 
<ul>
<li>Tesla Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>), up 14.8%, </li>
<li>Capital One Financial Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/COF#NYSE">COF</a>), up 14.4%, </li>
<li>Morgan Stanley (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MS#NYSE">MS</a>), up 13.1%, </li>
<li>Wells Fargo &amp; Company (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/WFC#NYSE">WFC</a>), up 13.1%, </li>
<li>The Goldman Sachs Group, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GS#NYSE">GS</a>), up 12.9%. </li>
</ul>
The rallies in the stock and crypto markets drove shares of Robinhood Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/HOOD#NASDAQ">HOOD</a>) and Coinbase Global Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/COIN#NASDAQ">COIN</a>) up by 18% and 26%, respectively.
Major losers among clean energy stocks included Enphase Energy Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ENPH#NASDAQ">ENPH</a>) and First Solar Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FSLR#NASDAQ">FSLR</a>), down 16.7% and 10.5%, respectively. 
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Trump's Win Sends Indices To Record Highs; Financials, Small Caps Surge, Bitcoin Tops $75,000: What's Driving Markets Wednesday?

American Electric Power Company, Inc.&nbsp;(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AEP#NASDAQ">AEP</a>) reported the&nbsp;third quarter revenue of&nbsp;$5.42 billion,&nbsp;missing the <a target="_blank" href="https://www.benzinga.com/pressreleases/24/11/n41769709/aep-reports-third-quarter-2024-earnings-introduces-new-growth-rate-and-capital-plan" rel="noreferrer noopener">consensus of&nbsp;$5.434 billion</a>.
Commercial load increased more than&nbsp;10%&nbsp;year-over-year through the&nbsp;third quarter. The company projects commercial load to grow an average of 20% annually over the next three years on the basis of customer contracts signed so far.
Total energy distribution fell 1.0% in the Vertically Integrated Utilities segment and&nbsp;rose 4.1% in the Transmission &amp; Distribution Utilities segment.&nbsp;
Adjusted operating earnings rose to&nbsp;$985.4 million from&nbsp;$923.8 million a year ago.&nbsp;
Adjusted operating earnings from Vertically Integrated Utilities rose to&nbsp;$572.4 million from&nbsp;$520.0 million the prior year, and AEP Transmission Holdco grew to&nbsp;$214.7 million from&nbsp;$202.9 million&nbsp;in the prior&nbsp;year&#8217;s quarter.
Adjusted EPS&nbsp;of&nbsp;$1.85 <a target="_blank" href="https://www.benzinga.com/calendars/earnings" rel="noreferrer noopener">beat the consensus of&nbsp;$1.80</a>.
FY24&nbsp;Outlook: American Electric Power narrowed adjusted operating earnings per share&nbsp;guidance&nbsp;from&nbsp;$5.53 &#8211; $5.73&nbsp;to $5.58 &#8211; $5.68<a target="_blank" href="https://www.benzinga.com//node/40038448" rel="noreferrer noopener"> vs.&nbsp;consensus of&nbsp;$5.62</a>.
The company sees FY25 adjusted EPS of $5.75 &#8211; $5.95 <a href="https://www.benzinga.com/calendars/guidance" target="_blank" rel="noreferrer noopener">vs consensus of $5.98</a>. The company now expects a long-term growth rate outlook of 6% to 8% (vs. 6% to 7% prior).
Bill Fehrman, AEP president and chief executive officer, said, &#8220;AEP has a strong foundation and significant growth opportunities ahead, and we are confident in our ability to execute our strategy and deliver on our promises. This confidence is reflected in our new&nbsp;6%-8%&nbsp;long-term growth rate and expanded capital investment plan of&nbsp;$54 billion&nbsp;over the next five years, along with our commitment to a strong balance sheet.&#8221;
Investors can gain exposure to the stock via&nbsp;Listed Funds Trust TrueShares Eagle Global Renewable Energy Income ETF&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RNWZ#NYSE">RNWZ</a>)&nbsp;SPDR Select Sector Fund – Utilities&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XLU#NYSE">XLU</a>).
Price Action: AEP shares are down 0.90% at $99.50 premarket at the last check Wednesday.
Photo by american-public-power-association- for Unsplash
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Equities

Guidance

RNWZ

American Electric Power Q3: EPS Beat, Revenue Miss, 10% Commercial Load Jump & More

EARNINGS GUIDANCE
AEP narrowed its 2024 operating earnings guidance range to $5.58 to $5.68 per share. Operating earnings could differ from GAAP earnings for matters such as impairments, divestitures or changes in accounting principles. AEP management is not able to forecast if any of these items will occur or any amounts that may be reported for future periods. Therefore, AEP is not able to provide a corresponding GAAP equivalent for 2024 earnings guidance.
Reflecting special items recorded through the third quarter, the estimated earnings per share on a GAAP basis would be $5.55 to $5.65 per share. See the table below for a full reconciliation of 2024 earnings guidance.
<figure class="table"> 
<table>
<tbody>
<tr>
<td colspan="4" rowspan="1">2024&nbsp;EPS Guidance Reconciliation</td>
</tr>
<tr>
<td colspan="1" rowspan="1"> &nbsp;</td>
<td colspan="1" rowspan="1"> &nbsp;</td>
<td colspan="1" rowspan="1"> &nbsp;</td>
<td colspan="1" rowspan="1"> &nbsp;</td>
</tr>
<tr>
<td colspan="1" rowspan="1">Estimated EPS on a GAAP basis</td>
<td colspan="1" rowspan="1">$5.55</td>
<td colspan="1" rowspan="1">to</td>
<td colspan="1" rowspan="1">$5.65</td>
</tr>
<tr>
<td colspan="1" rowspan="1"> &nbsp;</td>
<td colspan="1" rowspan="1"> &nbsp;</td>
<td colspan="1" rowspan="1"> &nbsp;</td>
<td colspan="1" rowspan="1"> &nbsp;</td>
</tr>
<tr>
<td colspan="1" rowspan="1">Mark-to-market impact of commodity hedging activities</td>
<td colspan="1" rowspan="1"> &nbsp;</td>
<td colspan="1" rowspan="1">(0.09)</td>
<td colspan="1" rowspan="1"> &nbsp;</td>
</tr>
<tr>
<td colspan="1" rowspan="1"> &nbsp;</td>
<td colspan="1" rowspan="1"> &nbsp;</td>
<td colspan="1" rowspan="1"> &nbsp;</td>
<td colspan="1" rowspan="1"> &nbsp;</td>
</tr>
<tr>
<td colspan="1" rowspan="1">Remeasurement of Excess ADIT Regulatory Liability</td>
<td colspan="1" rowspan="1"> &nbsp;</td>
<td colspan="1" rowspan="1">(0.09)</td>
<td colspan="1" rowspan="1"> &nbsp;</td>
</tr>
<tr>
<td colspan="1" rowspan="1"> &nbsp;</td>
<td colspan="1" rowspan="1"> &nbsp;</td>
<td colspan="1" rowspan="1"> &nbsp;</td>
<td colspan="1" rowspan="1"> &nbsp;</td>
</tr>
<tr>
<td colspan="1" rowspan="1">Impact of NOLC on Retail Rate Making</td>
<td colspan="1" rowspan="1"> &nbsp;</td>
<td colspan="1" rowspan="1">(0.50)</td>
<td colspan="1" rowspan="1"> &nbsp;</td>
</tr>
<tr>
<td colspan="1" rowspan="1"> &nbsp;</td>
<td colspan="1" rowspan="1"> &nbsp;</td>
<td colspan="1" rowspan="1"> &nbsp;</td>
<td colspan="1" rowspan="1"> &nbsp;</td>
</tr>
<tr>
<td colspan="1" rowspan="1">Disallowance - Dolet Hills Power Station</td>
<td colspan="1" rowspan="1"> &nbsp;</td>
<td colspan="1" rowspan="1">0.02</td>
<td colspan="1" rowspan="1"> &nbsp;</td>
</tr>
<tr>
<td colspan="1" rowspan="1"> &nbsp;</td>
<td colspan="1" rowspan="1"> &nbsp;</td>
<td colspan="1" rowspan="1"> &nbsp;</td>
<td colspan="1" rowspan="1"> &nbsp;</td>
</tr>
<tr>
<td colspan="1" rowspan="1">Provision for Refund - Turk Plant</td>
<td colspan="1" rowspan="1"> &nbsp;</td>
<td colspan="1" rowspan="1">0.24</td>
<td colspan="1" rowspan="1"> &nbsp;</td>
</tr>
<tr>
<td colspan="1" rowspan="1"> &nbsp;</td>
<td colspan="1" rowspan="1"> &nbsp;</td>
<td colspan="1" rowspan="1"> &nbsp;</td>
<td colspan="1" rowspan="1"> &nbsp;</td>
</tr>
<tr>
<td colspan="1" rowspan="1">Sale of AEP OnSite Partners</td>
<td colspan="1" rowspan="1"> &nbsp;</td>
<td colspan="1" rowspan="1">0.02</td>
<td colspan="1" rowspan="1"> &nbsp;</td>
</tr>
<tr>
<td colspan="1" rowspan="1"> &nbsp;</td>
<td colspan="1" rowspan="1"> &nbsp;</td>
<td colspan="1" rowspan="1"> &nbsp;</td>
<td colspan="1" rowspan="1"> &nbsp;</td>
</tr>
<tr>
<td colspan="1" rowspan="1">Severance Charges</td>
<td colspan="1" rowspan="1"> &nbsp;</td>
<td colspan="1" rowspan="1">0.18</td>
<td colspan="1" rowspan="1"> &nbsp;</td>
</tr>
<tr>
<td colspan="1" rowspan="1"> &nbsp;</td>
<td colspan="1" rowspan="1"> &nbsp;</td>
<td colspan="1" rowspan="1"> &nbsp;</td>
<td colspan="1" rowspan="1"> &nbsp;</td>
</tr>
<tr>
<td colspan="1" rowspan="1">Federal EPA Coal Combustion Residuals Rule</td>
<td colspan="1" rowspan="1"> &nbsp;</td>
<td colspan="1" rowspan="1">0.21</td>
<td colspan="1" rowspan="1"> &nbsp;</td>
</tr>
<tr>
<td colspan="1" rowspan="1"> &nbsp;</td>
<td colspan="1" rowspan="1"> &nbsp;</td>
<td colspan="1" rowspan="1"> &nbsp;</td>
<td colspan="1" rowspan="1"> &nbsp;</td>
</tr>
<tr>
<td colspan="1" rowspan="1">SEC Matter Loss Contingency</td>
<td colspan="1" rowspan="1"> &nbsp;</td>
<td colspan="1" rowspan="1">0.04</td>
<td colspan="1" rowspan="1"> &nbsp;</td>
</tr>
<tr>
<td colspan="1" rowspan="1"> &nbsp;</td>
<td colspan="1" rowspan="1"> &nbsp;</td>
<td colspan="1" rowspan="1"> &nbsp;</td>
<td colspan="1" rowspan="1"> &nbsp;</td>
</tr>
<tr>
<td colspan="1" rowspan="1">Operating EPS Guidance</td>
<td colspan="1" rowspan="1">$5.58</td>
<td colspan="1" rowspan="1">to</td>
<td colspan="1" rowspan="1">$5.68</td>
</tr>
<tr>
<td colspan="1" rowspan="1"> &nbsp;</td>
<td colspan="1" rowspan="1"> &nbsp;</td>
<td colspan="1" rowspan="1"> &nbsp;</td>
<td colspan="1" rowspan="1">&nbsp;</td>
</tr>
</tbody>
</table>
</figure>

American Electric Power Sees FY25 Adj EPS $5.75-$5.95 vs $5.98 Est

EARNINGS GUIDANCEAEP narrowed its 2024 operating earnings guidance range to $5.58 to $5.68 per share. Operating earnings could differ from GAAP earnings for matters such as impairments, divestitures or changes in
EARNINGS GUIDANCE
AEP narrowed its 2024 operating earnings guidance range to $5.58 to $5.68 per share. Operating earnings could differ from GAAP earnings for matters such as impairments, divestitures or changes in accounting principles. AEP management is not able to forecast if any of these items will occur or any amounts that may be reported for future periods. Therefore, AEP is not able to provide a corresponding GAAP equivalent for 2024 earnings guidance.
Reflecting special items recorded through the third quarter, the estimated earnings per share on a GAAP basis would be $5.55 to $5.65 per share. See the table below for a full reconciliation of 2024 earnings guidance.
<figure class="table"> 
<table>
<tbody>
<tr>
<td colspan="4" rowspan="1">2024&nbsp;EPS Guidance Reconciliation</td>
</tr>
<tr>
<td colspan="1" rowspan="1"> &nbsp;</td>
<td colspan="1" rowspan="1"> &nbsp;</td>
<td colspan="1" rowspan="1"> &nbsp;</td>
<td colspan="1" rowspan="1"> &nbsp;</td>
</tr>
<tr>
<td colspan="1" rowspan="1">Estimated EPS on a GAAP basis</td>
<td colspan="1" rowspan="1">$5.55</td>
<td colspan="1" rowspan="1">to</td>
<td colspan="1" rowspan="1">$5.65</td>
</tr>
<tr>
<td colspan="1" rowspan="1"> &nbsp;</td>
<td colspan="1" rowspan="1"> &nbsp;</td>
<td colspan="1" rowspan="1"> &nbsp;</td>
<td colspan="1" rowspan="1"> &nbsp;</td>
</tr>
<tr>
<td colspan="1" rowspan="1">Mark-to-market impact of commodity hedging activities</td>
<td colspan="1" rowspan="1"> &nbsp;</td>
<td colspan="1" rowspan="1">(0.09)</td>
<td colspan="1" rowspan="1"> &nbsp;</td>
</tr>
<tr>
<td colspan="1" rowspan="1"> &nbsp;</td>
<td colspan="1" rowspan="1"> &nbsp;</td>
<td colspan="1" rowspan="1"> &nbsp;</td>
<td colspan="1" rowspan="1"> &nbsp;</td>
</tr>
<tr>
<td colspan="1" rowspan="1">Remeasurement of Excess ADIT Regulatory Liability</td>
<td colspan="1" rowspan="1"> &nbsp;</td>
<td colspan="1" rowspan="1">(0.09)</td>
<td colspan="1" rowspan="1"> &nbsp;</td>
</tr>
<tr>
<td colspan="1" rowspan="1"> &nbsp;</td>
<td colspan="1" rowspan="1"> &nbsp;</td>
<td colspan="1" rowspan="1"> &nbsp;</td>
<td colspan="1" rowspan="1"> &nbsp;</td>
</tr>
<tr>
<td colspan="1" rowspan="1">Impact of NOLC on Retail Rate Making</td>
<td colspan="1" rowspan="1"> &nbsp;</td>
<td colspan="1" rowspan="1">(0.50)</td>
<td colspan="1" rowspan="1"> &nbsp;</td>
</tr>
<tr>
<td colspan="1" rowspan="1"> &nbsp;</td>
<td colspan="1" rowspan="1"> &nbsp;</td>
<td colspan="1" rowspan="1"> &nbsp;</td>
<td colspan="1" rowspan="1"> &nbsp;</td>
</tr>
<tr>
<td colspan="1" rowspan="1">Disallowance - Dolet Hills Power Station</td>
<td colspan="1" rowspan="1"> &nbsp;</td>
<td colspan="1" rowspan="1">0.02</td>
<td colspan="1" rowspan="1"> &nbsp;</td>
</tr>
<tr>
<td colspan="1" rowspan="1"> &nbsp;</td>
<td colspan="1" rowspan="1"> &nbsp;</td>
<td colspan="1" rowspan="1"> &nbsp;</td>
<td colspan="1" rowspan="1"> &nbsp;</td>
</tr>
<tr>
<td colspan="1" rowspan="1">Provision for Refund - Turk Plant</td>
<td colspan="1" rowspan="1"> &nbsp;</td>
<td colspan="1" rowspan="1">0.24</td>
<td colspan="1" rowspan="1"> &nbsp;</td>
</tr>
<tr>
<td colspan="1" rowspan="1"> &nbsp;</td>
<td colspan="1" rowspan="1"> &nbsp;</td>
<td colspan="1" rowspan="1"> &nbsp;</td>
<td colspan="1" rowspan="1"> &nbsp;</td>
</tr>
<tr>
<td colspan="1" rowspan="1">Sale of AEP OnSite Partners</td>
<td colspan="1" rowspan="1"> &nbsp;</td>
<td colspan="1" rowspan="1">0.02</td>
<td colspan="1" rowspan="1"> &nbsp;</td>
</tr>
<tr>
<td colspan="1" rowspan="1"> &nbsp;</td>
<td colspan="1" rowspan="1"> &nbsp;</td>
<td colspan="1" rowspan="1"> &nbsp;</td>
<td colspan="1" rowspan="1"> &nbsp;</td>
</tr>
<tr>
<td colspan="1" rowspan="1">Severance Charges</td>
<td colspan="1" rowspan="1"> &nbsp;</td>
<td colspan="1" rowspan="1">0.18</td>
<td colspan="1" rowspan="1"> &nbsp;</td>
</tr>
<tr>
<td colspan="1" rowspan="1"> &nbsp;</td>
<td colspan="1" rowspan="1"> &nbsp;</td>
<td colspan="1" rowspan="1"> &nbsp;</td>
<td colspan="1" rowspan="1"> &nbsp;</td>
</tr>
<tr>
<td colspan="1" rowspan="1">Federal EPA Coal Combustion Residuals Rule</td>
<td colspan="1" rowspan="1"> &nbsp;</td>
<td colspan="1" rowspan="1">0.21</td>
<td colspan="1" rowspan="1"> &nbsp;</td>
</tr>
<tr>
<td colspan="1" rowspan="1"> &nbsp;</td>
<td colspan="1" rowspan="1"> &nbsp;</td>
<td colspan="1" rowspan="1"> &nbsp;</td>
<td colspan="1" rowspan="1"> &nbsp;</td>
</tr>
<tr>
<td colspan="1" rowspan="1">SEC Matter Loss Contingency</td>
<td colspan="1" rowspan="1"> &nbsp;</td>
<td colspan="1" rowspan="1">0.04</td>
<td colspan="1" rowspan="1"> &nbsp;</td>
</tr>
<tr>
<td colspan="1" rowspan="1"> &nbsp;</td>
<td colspan="1" rowspan="1"> &nbsp;</td>
<td colspan="1" rowspan="1"> &nbsp;</td>
<td colspan="1" rowspan="1"> &nbsp;</td>
</tr>
<tr>
<td colspan="1" rowspan="1">Operating EPS Guidance</td>
<td colspan="1" rowspan="1">$5.58</td>
<td colspan="1" rowspan="1">to</td>
<td colspan="1" rowspan="1">$5.68</td>
</tr>
<tr>
<td colspan="1" rowspan="1"> &nbsp;</td>
<td colspan="1" rowspan="1"> &nbsp;</td>
<td colspan="1" rowspan="1"> &nbsp;</td>
<td colspan="1" rowspan="1">&nbsp;</td>
</tr>
</tbody>
</table>
</figure>

American Electric Power Narrows FY24 Adj EPS Guidance from $5.53-$5.73 to $5.58-$5.68 vs $5.62 Est

American Electric Power (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AEP#NASDAQ">AEP</a>) reported quarterly earnings of $1.85 per share which beat the analyst consensus estimate of $1.80 by 2.78 percent. This is a 4.52 percent increase over earnings of $1.77 per share from the same period last year. The company reported quarterly sales of $5.400 billion which missed the analyst consensus estimate of $5.434 billion by 0.63 percent. This is a 1.89 percent increase over sales of $5.300 billion the same period last year.

Earnings Misses

American Electric Power Q3 2024 Adj. EPS $1.85 Beats $1.80 Estimate, Sales $5.400B Miss $5.434B Estimate

American Electric Power Company, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AEP#NYSE">AEP</a>) will release earnings results for its third quarter, before the <a href="https://www.benzinga.com/quote/AEP/earnings">opening bell on Wednesday, Nov. 6.</a>
Analysts expect the Columbus, Ohio-based company to report quarterly earnings at $1.8 per share, up from $1.77 per share in the year-ago period. American Electric Power projects to report revenue of $5.43 billion for the quarter, compared to $5.37 billion a year earlier, according to data from <a href="https://pro.benzinga.com/dashboard">Benzinga Pro</a>.
On Oct. 24, American Electric Power named Matthew Fransen senior vice president, Finance and Treasurer, effective Dec. 1.
American Electric Power shares gained 2% to close at $100.40 on Tuesday.
Benzinga readers can access the latest analyst ratings on the <a href="https://www.benzinga.com/analyst-ratings/analyst-color/22/09/28888638/exclusive-study-finds-benzinga-analyst-ratings-data-yields-market-beating-strategie">Analyst Stock Ratings</a> page. Readers can sort by stock ticker, company name, analyst firm, rating change or other variables.
Let's have a look at how Benzinga's most-accurate <a href="https://www.benzinga.com/quote/AEP/analyst-ratings">analysts have rated the company</a> in the recent period.
<ul>
<li><a href="https://www.benzinga.com/analyst-stock-ratings/analyst/5891df6343eaaa0001d69c77/jeremy-tonet">JP Morgan analyst Jeremy Tonet</a> maintained an Overweight rating and raised the price target from $108 to $112 on Oct. 18. This analyst has an accuracy rate of 62%.</li>
<li>Wells Fargo analyst Neil Kalton maintained an Equal-Weight rating and increased the price target from $98 to $104 on Oct. 16. This analyst has an accuracy rate of 67%.</li>
<li><a href="https://www.benzinga.com/analyst-stock-ratings/analyst/6267afcd1c5f2e0001b691c4/nicholas-campanella">Barclays analyst Nicholas Campanella</a> maintained an Equal-Weight rating and raised the price target from $96 to $100 on Oct. 15. This analyst has an accuracy rate of 65%.</li>
<li>BMO Capital analyst James Thalacker maintained an Outperform rating and slashed the price target from $114 to $111 on Oct. 4. This analyst has an accuracy rate of 73%.</li>
<li>Jefferies analyst Julien Dumoulin-Smith initiated coverage on the stock with a Hold rating and a price target of $107 on Sept. 19. This analyst has an accuracy rate of 67%.</li>
</ul>
Considering buying AEP stock? Here&#8217;s what analysts think: 
<figure class="wp-block-image size-large"><img loading="lazy" decoding="async" width="1024" height="529" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/11/06004544/image-42-1024x529.png" alt="" class="wp-image-631856" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/11/06004544/image-42-1024x529.png 1024w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/11/06004544/image-42-300x155.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/11/06004544/image-42-768x397.png 768w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/11/06004544/image-42.png 1262w" sizes="(max-width: 1024px) 100vw, 1024px" /></figure>
Read This Next: 
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<li><a href="https://www.benzinga.com/trading-ideas/long-ideas/24/11/41744659/jim-cramer-says-he-cant-recommend-this-major-automaker-ceva-is-way-too-high">Jim Cramer Says He Can&#8217;t Recommend This Major Automaker, Ceva Is &#8216;Way Too High&#8217;</a></li>
</ul>

Pre-Market Outlook

American Electric Power Gears Up For Q3 Print; Here Are The Recent Forecast Changes From Wall Street's Most Accurate Analysts

American Electric Power (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AEP#NASDAQ">AEP</a>) will release its quarterly earnings report on Wednesday, 2024-11-06. Here's a brief overview for investors ahead of the announcement.
Analysts anticipate American Electric Power to report an earnings per share (EPS) of $1.80.
Anticipation surrounds American Electric Power's announcement, with investors hoping to hear about both surpassing estimates and receiving positive guidance for the next quarter.
New investors should understand that while earnings performance is important, market reactions are often driven by guidance.
<h3>Earnings Track Record</h3>
During the last quarter, the company reported an EPS beat by $0.02, leading to a 0.02% drop in the share price on the subsequent day.
Here's a look at American Electric Power's past performance and the resulting price change:

<table>
<thead>
<tr>
<th>Quarter</th>
<th>Q2 2024</th>
<th>Q1 2024</th>
<th>Q4 2023</th>
<th>Q3 2023</th>
</tr>
</thead>
<tbody>
<tr>
<td>EPS Estimate</td>
<td>1.23</td>
<td>1.26</td>
<td>1.26</td>
<td>1.71</td>
</tr>
<tr>
<td>EPS Actual</td>
<td>1.25</td>
<td>1.27</td>
<td>1.23</td>
<td>1.77</td>
</tr>
<tr>
<td>Price Change %</td>
<td>-0.0%</td>
<td>2.0%</td>
<td>4.0%</td>
<td>1.0%</td>
</tr>
</tbody>
</table>

<img src="https://www.benzinga.com/files/images/story/2024/1730815348_0.png" alt="eps graph" />
<h3>Performance of American Electric Power Shares</h3>
Shares of American Electric Power were trading at $98.4 as of November 04. Over the last 52-week period, shares are up 25.91%. Given that these returns are generally positive, long-term shareholders are likely bullish going into this earnings release. 
<h3>Analyst Views on American Electric Power</h3>
For investors, grasping market sentiments and expectations in the industry is vital. This analysis explores the latest insights regarding American Electric Power.
The consensus rating for American Electric Power is Outperform, based on 12 analyst ratings. With an average one-year price target of $106.75, there's a potential 8.49% upside.
<h3>Comparing Ratings with Peers</h3>
The following analysis focuses on the analyst ratings and average 1-year price targets of PG&amp;E, Exelon and Xcel Energy, three prominent industry players, providing insights into their relative performance expectations and market positioning.
<ul>
<li>The consensus outlook from analysts is an Buy trajectory for PG&amp;E, with an average 1-year price target of $23.0, indicating a potential 76.63% downside.</li>
<li>For Exelon, analysts project an Neutral trajectory, with an average 1-year price target of $43.33, indicating a potential 55.97% downside.</li>
<li>The prevailing sentiment among analysts is an Neutral trajectory for Xcel Energy, with an average 1-year price target of $69.45, implying a potential 29.42% downside.</li>
</ul>
<h3>Comprehensive Peer Analysis Summary</h3>
The peer analysis summary outlines pivotal metrics for PG&amp;E, Exelon and Xcel Energy, demonstrating their respective standings within the industry and offering valuable insights into their market positions and comparative performance.

<table>
<thead>
<tr>
<th>Company</th>
<th>Consensus</th>
<th>Revenue Growth</th>
<th>Gross Profit</th>
<th>Return on Equity</th>
</tr>
</thead>
<tbody>
<tr>
<td>American Electric Power</td>
<td>Outperform</td>
<td>4.73%</td>
<td>$2.86B</td>
<td>1.31%</td>
</tr>
<tr>
<td>PG&amp;E</td>
<td>Buy</td>
<td>13.16%</td>
<td>$2.26B</td>
<td>2.00%</td>
</tr>
<tr>
<td>Exelon</td>
<td>Neutral</td>
<td>2.91%</td>
<td>$2.50B</td>
<td>2.68%</td>
</tr>
<tr>
<td>Xcel Energy</td>
<td>Neutral</td>
<td>-0.49%</td>
<td>$1.86B</td>
<td>3.66%</td>
</tr>
</tbody>
</table>

Key Takeaway:
American Electric Power ranks highest in revenue growth among its peers. It has the lowest gross profit and return on equity compared to its peers.
<h3>Get to Know American Electric Power Better</h3>
American Electric Power is one of the largest regulated utilities in the United States, providing electricity generation, transmission, and distribution to more than 5 million customers in 11 states. About 42% of AEP's of capacity is coal, with the remainder from a mix of natural gas (27%), renewable energy and hydro (21%), nuclear (8%), and demand response (2%). Vertically integrated utilities, transmission and distribution, and generation and marketing support earnings.
<h3>Financial Insights: American Electric Power</h3>
Market Capitalization Highlights: Above the industry average, the company's market capitalization signifies a significant scale, indicating strong confidence and market prominence.
Positive Revenue Trend: Examining American Electric Power's financials over 3 months reveals a positive narrative. The company achieved a noteworthy revenue growth rate of 4.73% as of 30 June, 2024, showcasing a substantial increase in top-line earnings. In comparison to its industry peers, the company stands out with a growth rate higher than the average among peers in the Utilities sector.
Net Margin: American Electric Power's net margin is below industry standards, pointing towards difficulties in achieving strong profitability. With a net margin of 7.43%, the company may encounter challenges in effective cost control.
Return on Equity (ROE): The company's ROE is below industry benchmarks, signaling potential difficulties in efficiently using equity capital. With an ROE of 1.31%, the company may need to address challenges in generating satisfactory returns for shareholders.
Return on Assets (ROA): American Electric Power's ROA is below industry standards, pointing towards difficulties in efficiently utilizing assets. With an ROA of 0.34%, the company may encounter challenges in delivering satisfactory returns from its assets.
Debt Management: American Electric Power's debt-to-equity ratio surpasses industry norms, standing at 1.7. This suggests the company carries a substantial amount of debt, posing potential financial challenges.
<a href="https://www.benzinga.com/quote/AEP/earnings">To track all earnings releases for American Electric Power visit their earnings calendar on our site.</a>
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Insights Ahead: American Electric Power's Quarterly Earnings

The dividend is payable&nbsp;Dec. 10, 2024, to shareholders of record as of&nbsp;Nov. 8, 2024, and is the company&#39;s 458th consecutive quarterly common stock cash dividend. AEP has paid a cash dividend on its common stock every quarter since&nbsp;July 1910.

Dividends

American Electric Power Boosts Quarterly Cash Dividend From $0.88 To $0.93 Per Share

JP Morgan analyst Jeremy Tonet maintains American Electric Power (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AEP#NASDAQ">AEP</a>) with a Overweight and raises the price target from $108 to $112.

JP Morgan Maintains Overweight on American Electric Power, Raises Price Target to $112

Wells Fargo analyst Neil Kalton maintains American Electric Power (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AEP#NASDAQ">AEP</a>) with a Equal-Weight and raises the price target from $98 to $104.

Wells Fargo Maintains Equal-Weight on American Electric Power, Raises Price Target to $104

Morgan Stanley raised the firm's price target on Bloom Energy (BE) to $28 from $20 and keeps an Overweight rating on the shares. The firm, whose up...

Bloom Energy price target raised to $28 from $20 at Morgan Stanley

RBC Capital raised the firm's price target on Bloom Energy (BE) to $28 from $15 and keeps an Outperform rating on the shares. The company's 1GW fra...

Bloom Energy price target raised to $28 from $15 at RBC Capital

Wells Fargo raised the firm's price target on Bloom Energy (BE) to $22 from $14 and keeps an Equal Weight rating on the shares. The firm increased ...

Bloom Energy price target raised to $22 from $14 at Wells Fargo

Fidelity Select Utilities Portfolio Q3 2024 Review

Bloom Energy's Surge Is A Great Opportunity To Cash Out

Bloom Energy: Upgrading On Large-Scale Supply Agreement With AEP - Hold

Talen Energy rallies after requesting FERC rehearing on rejected Amazon power pact

In a report released today, David Arcaro from Morgan Stanley maintained a Buy rating on American Electric Power (AEP – Research Report), with a pri...

Morgan Stanley Sticks to Their Buy Rating for American Electric Power (AEP)

Morgan Stanley lowered the firm's price target on American Electric (AEP) to $104 from $109 and keeps an Overweight rating on the shares. Utilities...

American Electric price target lowered to $104 from $109 at Morgan Stanley

Jefferies analyst Dushyant Ailani raised the firm's price target on Bloom Energy (BE) to $22 from $12 and keeps a Hold rating on the shares. The fi...

Bloom Energy price target raised to $22 from $12 at Jefferies

ENGH

Press Releases

AEP Names Joseph Moore Senior Vice President of Business Transformation to Drive Performance and Efficiency

Statement Regarding the Unsupported Data Center Stipulation filed in PUCO Docket Number 24-508-EL-ATA

AEP Increases Quarterly Dividend to 93 Cents a Share

AEP Ohio, PUCO Staff, Ohio Consumers' Counsel, Ohio Energy Group And Others Agree On How To Address Growing Data Center Power Needs

AEP Names Matthew Fransen Treasurer

AEP Announces Leadership Changes to Empower Local Operations and Drive Growth

AEP Reports Third-Quarter 2024 Earnings, Introduces New Growth Rate and Capital Plan

AEP Leveraging Fuel Cell Technology to Power Data Center Growth

I&M and Stakeholders File Large Load Settlement to Advance Grid Reliability and Support Economic Growth

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