AEP - American Electric Power: With The Updated Valuation We Are Still Not Confident In Investing
2024-05-13 11:16:18 ET
Summary
- American Electric Power has been a choice for many dividend investors over the past years, because of its safe and increasing dividend payments.
- Today, our adjusted fair value estimation resulted in a range of $58 to $115 per share, using a single stage dividend discount model with updated input parameters.
- Based on a set of traditional price multiples, AEP's stock also does not appear to provide significant upside potential.
- We reiterate our previous hold rating.
American Electric Power Company, Inc.( AEP ), an electric public utility holding company, engages in the generation, transmission, and distribution of electricity for sale to retail and wholesale customers in the United States. It is one of the largest electric utility companies in the country, with more than five million customers in 11 states....
American Electric Power: With The Updated Valuation, We Are Still Not Confident In Investing