American Electric Power Co Inc $ 47.69 0 (-0.38%)
American Electric Power Co Inc News and Headlines -
Utility stocks can offer excellent dividend yields, especially when the average yield of the S&P 500 is less than 1.8%. That doesn't mean investors should buy just any utility stock, though.
Case in point is American Electric Power Co. (AEP), which offers a very solid yield but trades with a valuation above both its long-term average and my personal target.
Company background and recent quarterly highlights
American Electric operates utilities on both sides of the Mississippi river. The company provides electricity to 5.5 million customers in Arkansas, Kentucky, Indiana, Louisiana, Michigan, Ohio, Oklahoma, Tennessee, Texas, Virginia and West Virginia. Residential
Five severe warning alerts. That's what the GuruFocus system has given to American Electric Power Co. Inc. (AEP). Should investors run away in fear?
A better approach would be to step back and carefully assess the company. After all, it is a S&P 100 company and attracts four good alerts.
American Electric (including subsidiaries) is one of the country's largest, investor-owned providers of electricity generation, transmission and distribution. It serves more than 5 million retail customers in 11 states.
It gets about 45% of its capacity from coal, and the remainder from natural gas (28%), renewables (17%), nuclear (7%) and
According to the GuruFocus All-In-One Screener, a Premium feature, the following utilities were trading with low price-sales ratios as of April 22.
Shares of Dominion Energy Inc. (D) were trading around $76.61 with a price-sales ratio of 3.74 and a price-earnings ratio of 45.87.
The integrated energy company has an $64.20 billion market cap. The stock has risen at an annualized rate of 9.56% over the past decade.
The discounted cash flow calculator gives the company a fair value of $17.87, suggesting it is overpriced by 328%, while the Peter Lynch fair value is $76.61.
In a brutal market environment, where even the most staid and established blue-chip companies have been forced to either cut or reduce their dividends, there seems to be few sectors that are safe from the economic fallout of the coronavirus pandemic that is ravaging companies' earnings.
The carnage continues, this time in the energy services sector with Schlumberger (SLB) announcing yesterday an unprecedented — albeit necessary — 75% slashing of its dividend. For the moment, Chevron (CVX) remains unbowed in the face of unrelenting downward pressure on oil prices in a world where the supply is now so abundant that
According to GuruFocus list of 52-week highs, these Guru stocks have reached their 52-Week Highs.
The Western Union Co. reached the 52-week high of $27.77
The Western Union Co. (WU) provides domestic and international money transfers through its global network of about 500,000 outside agents, making it the largest money transfer company in the world and one of only two companies with a truly global agent network.
The price of The Western Union Co. shares has reached $27.77, which is 0.8% off the 52-week high of $28.00. The Western Union Co. has a market
According to GuruFocus' list of 52-week highs, these stocks have reached annual milestones
Sun Communities reached the 52-week high of $152.25
Sun Communities Inc. (SUI) is a real estate investment trust that acquires, operates, and develops manufactured housing and recreational vehicle communities throughout the United States. The vast majority of the company's real estate portfolio is comprised of manufactured housing communities in terms of the total number of properties. Sun Communities divides its assets geographically into Midwestern, Southern, Southwestern, and Other segments. The markets of Michigan and Florida, cumulatively, account for most of the firm's
According to the GuruFocus All-in-One Screener, the following companies, as of Thursday, look cheap since they are trading with low price-sales ratios.
Shares of Baxter International Inc. (BAX) are trading around $86 with a price-sales ratio of 4.17 and a price-earnings ratio of 28.91.
The medical products manufacturer has a market cap of $42.87 billion. The stock has risen at an annualized rate of 12.40% over the last 10 years.
The discounted cash flow calculator gives the stock a fair value of $31.89, suggesting it is overpriced by 170%. The Peter Lynch earnings
The Los Angeles-based alternative asset management firm says on its website it focuses on delivering superior results while observing its six-tenet investment philosophy: risk control, consistency, market inefficiency, specialization, bottom-up analysis and disavowal of market timing.
Based on these criteria, the firm's top five buys for the quarter were Berry Petroleum Corp. (BRY), Danaher Corp. (DHRAA.PFD), Fortive Corp. (FTVPA.PFD), American Electric Power Co. Inc. (AEPPB) and Stanley Black & Decker Inc. (SWP).
The firm invested in
American Electric Power Co. Inc. (NYSE:AEP)(2.7%) (AEP – $74.74 – NYSE) is one of the nation’s largest electric utilities. It serves more than 5.4 million retail customers in eleven states (Ohio and Texas are the largest), owns approximately 26 GW of generating capacity, 40,000 miles of transmission lines (the nation’s largest), and 223,000 miles of distribution lines. Following non-regulated power plant sales, AEP is focused on the regulated utility business, with plans to invest nearly $33 billion over the 2019-2023 time period in regulated assets, including 75% in transmission and distribution, and contracted renewable power. Management expects 5%-7% annual
To Our Shareholders,
For the quarter ended December 31, 2018, the net asset value (NAV) per Class AAA Share of The Gabelli Utilities Fund decreased 4.4% compared with an increase of 1.4% for the Standard & Poor’s (S&P) 500 Utilities Index (SPU). Other classes of shares are available. See page 2 for additional performance information for all classes.
Utility Performance and Outlook
In 2018, the S&P 500 Utilities Index (SPU) returned 4.1% including dividends, compared with a 4.4% decrease in the S&P 500 Index (S&P 500). Since the S&P 500 market peak on September 20, 2018, the utility index outperformed
According to the GuruFocus All-in-One Guru Screener, the following stocks have outperformed the Standard & Poor's 500 index over the past 12 months and were bought by gurus during the last quarter.
Ameren Corp. (AEE) has a market cap of $17.17 billion. It has outperformed the S&P 500 index by 13.9% over the past 12 months.
The stock is trading with a price-earnings ratio of 25.34. According to the DCF calculator, the stock is overpriced by 137% at $70.29 per share. As of Thursday, the stock price is 36.27% above its 52-week low and
Ohio-based American Electric Power (AEP), a $34.6 billion regulated electric utility, reported 5.4% revenue decline year over year in the first half to $7.5 billion and 3.6% drop in profits to $967 million (12.9% margin compared to 12.6% in the prior-year period).
Profits fell despite the company’s decline in overall expenses by 8.3% year over year.
In addition, American Electric reaffirmed its 2017 GAAP earnings per share (EPS) of $3.8 to $4 compared to $1.24 in 2016:
"We are on track to achieve our operating earnings guidance range of $3.55 to $3.75 per share this year, despite the negative
The investor closed his position in Medtronic PLC (MDT) with an impact of -1.77% on the portfolio.
The company is engaged in providing medical technology alleviating pain, restoring health and extending lives. It currently functions in four operating segments that manufacture and sell device-based medical therapies.
GuruFocus gives the stock a profitability and growth rating of 8 out of 10. The return on equity (ROE) of
What a year! Despite the turbulence, here at Integer Investments we've had a great year. We shared our investment ideas with our readers and our recommendations offered an average annually adjusted return of 47% (16.3% nonannualized). Although we see extensive risks in the market, we are confident that our in-depth research and careful stock picking will help us navigate future markets. A list of all recommendations and prices can be found here. Below we update our current recommendations.
Bayer (BAYRY): Sell.
Agrium (AGU): Sell/Hold.
American Electric Power: Hold/Sell.
A dividend stock investor would naturally assume that with the stock market being so strong over the past three months, it would be difficult to find solid paying dividend stocks at reasonable prices. However, in perusing through the list of our top ranked dividend stocks, several candidates emerge as good value even as the Dow Jones Industrial Average is hitting all-time price highs. The fact is that there are still a bountiful amount of dividend gems to be ferreted out by smart investors.
I ran our Top 100 Dividend Stock list through Yahoo Finance and looked for those
Summary: American Electric Power’s (AEP) dividend was increased by a healthy 5%, one of the higher increases within the utility sector this year. The quarterly dividend for the December payment will be $0.59 versus the prior year rate of $0.56 per share. The overall yield is 3.7%, in line with other utility companies but above that of the S&P 500. Based upon its high yield, 3 year dividend growth rate of 5.3%, and excellent financial rating, American Electric is a solid selection within the utility sector. However, AEP does not qualify as a member of our Top 100 Dividend Stock
According to GuruFocus' list of 52-week highs, these stocks have reached their 52-Week Highs.
American Electric Power reaches the 52-week high of $67.21
American Electric Power Co. Inc. (AEP) is a public utility holding company that owns, directly or indirectly, all of the outstanding common stock of its public utility subsidiaries and varying percentages of other subsidiaries. The service areas of the company's public utility subsidiaries cover portions of Arkansas, Indiana, Kentucky, Louisiana, Michigan, Ohio, Oklahoma, Tennessee, Texas, Virginia and West Virginia. Its segments include Vertically Integrated Utilities, Transmission and Distribution Utilities, Generation & Marketing, AEP Transmission Holdco
American Electric Power Co. Inc. (NYSE:AEP) (2.3% of net assets as of March 31, 2016) (AEP
|2020-05-06 $ 49.56 (-3.18%)|
|2019-11-06 $ 53.93 (0.09%)|