• The company upholds AEP Energy, reconfirming their 2024 earnings guidance.
• Furthermore, AEP has reaffirmed their 2024 Funds from Operations (FFO)/Debt target to be in the range of 14% to 15%.
• AEP has also signed a deal to sell its distributed resources business, AEP OnSite Partners. The transaction is worth about $315 million in cash following deductions of taxes and fees.
• The company presently has received 7 buy recommendations, 12 hold recommendations, and 2 sell recommendations from market analysts.
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
Based on the Smartkarma Smart Scores, American Electric Power shows a promising long-term outlook. With a high Dividend score of 4 and strong Momentum score of 4, the company is well-positioned to provide stable returns to investors while showing positive growth potential. Although the Value and Growth scores are moderate at 3, and the Resilience score is lower at 2, the overall outlook for American Electric Power appears favorable for investors seeking steady performance over the long term.
American Electric Power Company, Inc. (AEP) is a public utility holding company that offers electric services across multiple states in the U.S. Its integrated approach to generation, transmission, and distribution ensures a reliable supply of electricity to its retail customers. The company serves various states including Arkansas, Indiana, Kentucky, Louisiana, Michigan, Ohio, Oklahoma, Tennessee, Texas, Virginia, and West Virginia, showcasing a wide geographical reach and strong presence in the utilities sector.
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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