- American Electric Power anticipates an operating EPS (Earnings Per Share) between $5.53 and $5.73 for 2024.
- The company’s current operating EPS estimate stands between $5.24 and $5.34.
- AEP has reaffirmed its projected long-term growth rate, which is expected to range from 6% to 7%.
- The company’s projected long-term FFO (Funds From Operations)/Debt target remains at 14%-15%.
- AEP has outlined a five-year, $43 billion capital investment plan, with more than $27 billion allocated to transmission and distribution.
- The company is on track with the previously announced sales processes for its retail and distributed resources businesses, its share of a renewable energy joint venture and two non-core transmission joint ventures.
- AEP plans to complete the strategic review of its Transource Energy joint venture within this year.
- AEP’s current stock recommendation includes 13 buys, 9 holds, and 0 sells.
A look at American Electric Power Smart Scores
| Factor | Score | Magnitude |
|---|---|---|
| Value | 3 | |
| Dividend | 4 | |
| Growth | 3 | |
| Resilience | 2 | |
| Momentum | 4 | |
| OVERALL SMART SCORE | 3.2 |
Smart Score is a compound score for the Company indicating its overall outlook. It is derived by taking an equally weighted average of underlying Factor scores computed by Smartkarma
American Electric Power (AEP) is a public utility holding company that provides electric service to customers in 11 states across the US. The long-term outlook for AEP is strong, with a Smartkarma Smart Score of 3 for Value, 4 for Dividend, 3 for Growth, 2 for Resilience, and 4 for Momentum. This indicates that AEP has a strong dividend yield, a solid growth rate, and is well-positioned for the future.
AEP has a focus on providing reliable and sustainable electric service to its customers, and this is reflected in its strong scores for Dividend and Momentum. The company also has a commitment to providing value to its customers, evidenced by its score of 3 for Value. With a strong long-term outlook, AEP is well-positioned to continue to provide reliable and sustainable electric services to its customers.
Disclaimer: This article by Smartkarma is general in nature and based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Note that our articles may not factor in the latest price-sensitive company announcements or qualitative material.
While all reasonable care has been taken in the preparation, Smartkarma makes no assurance about the accuracy of any generated data or content. All content is indicative only and should be independently checked for accuracy and confirmed before use. Smartkarma accepts no responsibility for any loss or damage caused as a result of any inaccuracy or error within the Lab online tools or generated data.
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