Here is how American Electric Power (AEP) and DTE Energy (DTE) have performed compared to their sector so far this year.
The rise of artificial intelligence is a major boon to regulated electric utilities. American Electric Power's operating revenue and operating EPS climbed higher in Q2. The electric utility's interest coverage ratio is healthy and the debt-to-capital ratio is holding steady.
With the Fed on course for an interest rate cut as early as fall stocks such as American Electric Power (AEP), Micron (MU), Barrick Gold (GOLD) and PulteGroup (PHM) stand to gain.
Dividend investing remains popular for steady income and long-term growth.
Utility stocks like American Electric Power Company, Inc. (AEP), FirstEnergy Corp. (FE) and Ameren Corporation (AEE) are a safe bet during times of market volatility.
The utility sector may be one to consider amid heightened market volatility and the potential resurgence of broader economic fears. This is especially true after Friday's jobs report showed the US labor force continued to cool while the unemployment rate rose to 4.3%, its highest peak since 2021.
Does American Electric Power (AEP) have what it takes to be a top stock pick for momentum investors? Let's find out.
American Electric Power Company, Inc. (NASDAQ:AEP ) Q2 2024 Earnings Conference Call July 30, 2024 9:00 AM ET Company Participants Darcy Reese - VP, IR Ben Fowke - Interim President, Interim CEO & Director Peggy Simmons - EVP, Utilities Charles Zebula - EVP & CFO Conference Call Participants Shar Pourezza - Guggenheim Partners Jeremy Tonet - JPMorgan Steven Fleischman - Wolfe Research Carly Davenport - Goldman Sachs Andrew Wiesel - Scotiabank Durgesh Chopra - Evercore ISI Sophie Karp - KeyBanc Capital Markets William Appicelli - UBS Julian Smith - Jefferies Paul Patterson - Glenrock Operator Thank you for standing by. My name is JL and I'll be your conference operator today.
American Electric's (AEP) Q2 operating revenues of $4.73 billion beat the Zacks Consensus Estimate by 4.3%. The top line rises 5.6% from the year-ago quarter's level.
Although the revenue and EPS for AEP (AEP) give a sense of how its business performed in the quarter ended June 2024, it might be worth considering how some key metrics compare with Wall Street estimates and the year-ago numbers.
American Electric Power (AEP) came out with quarterly earnings of $1.25 per share, beating the Zacks Consensus Estimate of $1.23 per share. This compares to earnings of $1.13 per share a year ago.
Total second-quarter earnings of Utility stocks are expected to improve 9.1% year over year on a rise of 1.1% in revenues. Let's see how PEG, CNP, AEP & FE report their Q2 figures.