American Electric PowerNASDAQ: AEP

Kenvue is less than 3% off its 52-week low, but the sell-off is a buying opportunity. Shares of dividend powerhouse American Electric Power are on a summer sale.

Investors need to pay close attention to American Electric (AEP) stock based on the movements in the options market lately.

Utility firm American Electric Power said on Wednesday it has named Bill Fehrman as chief executive officer, effective Aug. 1.

Fehrman is an accomplished leader with decades of industry experience and expertise Benjamin G.S. Fowke III to serve as senior advisor during transition and remain a Board member COLUMBUS, Ohio , June 26, 2024 /PRNewswire/ -- American Electric Power's (Nasdaq: AEP) Board of Directors has elected William J.

American Electric (AEP) is expected to benefit from its systematic investment plan and renewable portfolio expansion amid the impacts of an increased interest rate environment.

AEP is an electric utilities company with the nation's largest electric transmission system, serving nearly 6M customers in 11 states. AEP reported positive Q1 earnings with revenue growth of 6.4% year over year, aiming for 6-7% EPS growth and a 3% annual base rate increase. Despite interest rate vulnerability, AEP remains undervalued with a fair value estimate of $101 per share based on my dividend discount model.

Now that the year is almost halfway over, it's clear that artificial intelligence (AI) stocks, particularly of the generative variety, are the story of the year.

While you might be trying to use less electricity in order to save money, developers of artificial-intelligence tools are heading in the other direction.

The utility sector has moved up to third place in performance for the year so far and is the top-performing sector in the S&P 500 for the second quarter, thanks to a strong rally in the past month.