From Yahoo Finance: 2025-06-22 04:51:00

American Electric Power Company, Inc. (NASDAQ:AEP) is recognized as one of the 10 best dividend stocks by Jim Cramer. Raymond James has given it an Outperform rating with a $115 price target after a new investment. The company recently partnered with KKR and PSP Investments to acquire a 19.9% equity interest in its transmission companies for $2.82 billion.

American Electric Power Company, Inc. (NASDAQ:AEP) serves over 5 million customers in 11 states and generates electricity from various sources like coal, natural gas, wind, solar, nuclear, and hydro. The recent $2.82 billion investment aims to meet future power demand, and the company will maintain operational control. Raymond James has given the stock a positive outlook with an Outperform rating.

Rob Berntsen has been announced as the new EVP and General Counsel of American Electric Power Company, Inc. (NASDAQ:AEP) effective July 14, 2025. The company offers a dividend yield of 3.61% with a payout ratio of 69.88%, reflecting 16 years of consecutive dividend growth and strong financial stability. The stock rating is yet to reflect the change in leadership.

American Electric Power Company, Inc. (NASDAQ:AEP) is considered a solid investment, but some AI stocks may offer greater upside potential with less downside risk. Investors looking for an undervalued AI stock can refer to a free report on the best short-term AI stock. The company continues to focus on growth and stability amidst changing market dynamics.

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Read more at Yahoo Finance: American Electric Power Strengthens Dividend Potential with New Investment Deal