American Electric Power is a major electric utility in the US, delivering electricity to more than five million customers in 11 states. It generates energy from natural gas, coal, and nuclear energy. Learn the latest information and analysis on the company, AEP stock price today, stock news, how much one share costs and other information to help you make investment decisions.
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AEP is one of the largest providers of electricity in the US with almost 38 GW of power and owns the country’s largest electricity transmission system. The company is also an active investor in renewable energy, which will help the stock in the future considering the global transition to cleaner energy sources.
The stock is a good fit for a conservative portfolio with a dividend yield of 3.27% that has been growing at 6-7% per year.
The American Electric Power stock price is yet to recover from the Corona dip. But considering the company’s strong fundamentals and forward-looking investments, it is likely to grow its earnings and outperform its competitors.
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