American Electric PowerNASDAQ: AEP

AEP's results for the third quarter are expected to show positive effects from warmer weather and increased transmission income.

Instead of just focusing on Wall Street's predictions for AEP's earnings, let's explore some important metrics to better understand how the company might perform in the quarter that ended in September 2024. This will give us a clearer picture of its potential.

All the stocks have a minimum of five years of dividend growth history and are part of the U.S. Dividend Champions List. On average, they have seen a 5.2% increase, with a median increase of 4.2%. Next week, there will be sixteen increases, which is an increase from six the previous week.

Stocks in low-risk sectors, such as utilities and consumer staples, like AEP, AWK, FTS, CLX, and DEO, are considered reliable choices when the market is unstable. These types of stocks tend to be more stable during fluctuations. Investing in them can help protect your portfolio in uncertain times.

According to 24/7 Wall St. Insights, the demand for energy is rising mainly due to artificial intelligence and bitcoin mining.

On October 23, 2024, AEP Ohio, part of American Electric Power, submitted a settlement agreement to meet the high energy demands of Ohio's expanding data center sector while also safeguarding the interests of its other customers. The filing was supported by the staff of the Public Utilities Commission of Ohio, the Ohio Consumers' Counsel, the Ohio Energy Group, Ohio Partners for Affordable Energy, and Walmart.

AEP keeps increasing dividends for its shareholders. The company has been paying quarterly dividends consistently for nearly 115 years.

COLUMBUS, Ohio, Oct. 22, 2024 /PRNewswire/ -- The Board of Directors of American Electric Power Co. (Nasdaq: AEP) has announced a regular quarterly cash dividend of 93 cents per share on its common stock, which is an increase of 5 cents. This dividend will be paid on December 10, 2024, to shareholders who are on record as of November 8, 2024, marking the company's 458th consecutive quarterly cash dividend.

American Electric Power (AEP) is set to increase its earnings and dividends by 50% in the next five years, thanks to rising demand for data centers and improved efficiency. Although AEP is currently not making the most of its regulated assets, it is anticipated to enhance its efficiency as power sales rise. The company's regulated structure provides steady and reliable profits, and improvements in efficiency and asset value could result in a notable increase in its share price.