How much debt does AEP have?
American Electric Power long term debt for 2023 was $37.653B, a 9.73% increase from 2022. American Electric Power long term debt for 2022 was $34.315B, a 9.63% increase from 2021. American Electric Power long term debt for 2021 was $31.301B, a 7.98% increase from 2020.
What is the total debt of AEP?
American Electric Power Company has a total shareholder equity of $25.3B and total debt of $43.1B, which brings its debt-to-equity ratio to 170.4%. Its total assets and total liabilities are $96.7B and $71.4B respectively. American Electric Power Company's EBIT is $4.0B making its interest coverage ratio 2.2.
How much does the CEO of AEP make a year?
American Electric Power Company's CEO is Julie Sloat, appointed in Aug 2022, has a tenure of 1.08 years. total yearly compensation is $5.82M, comprised of 13.4% salary and 86.6% bonuses, including company stock and options.
What is the credit rating of AEP?
Downgraded To 'BBB+' On Weak Financial Measures, Outlook Negative. American Electric Power Co. Inc.'s (AEP) consolidated 2023 financial measures were materially weaker than our downgrade threshold for the 'A-' rating.
Is AEP profitable?
Year-end 2023 GAAP earnings were $2.2 billion or $4.26 per share, compared with GAAP earnings of $2.3 billion or $4.51 per share for year-end 2022. Year-end 2023 operating earnings were $2.7 billion or $5.25 per share, compared with operating earnings of $2.6 billion or $5.09 per share for year-end 2022.
Who owns over 70% of the US debt?
Of the $33T of debt, roughly 78% is owned by the public (70% US vs 30% International). The major US public owners include the FED ($6T, but they are no longer buyers), mutual funds, banks, states, pension funds and insurance companies.
Who owns the largest debt in the United States?
U.S. Treasury Securities Holders by Type
The largest holder of U.S. debt is the U.S government. Which agencies own the most Treasury notes, bills, and bonds? Social Security, by a long shot. The U.S. Treasury publishes this information in its monthly Treasury statement.
Is AEP in the Fortune 500?
AEP's headquarters are in Columbus, Ohio. American Electric Power was the first utility to utilize 345 kV transmission lines which took place in 1953. The company ranked 185th on the 2018 Fortune 500 of the largest United States corporations by revenue.
Who owns AEP Electric?
American Electric Power Company, Inc. and Columbus Southern Power Company own 39.9% and 4.3% of the stock, respectively, and the remaining 55.8% is owned by unaffiliated companies.
How much money did AEP make last year?
According to American Electric Power's latest financial reports the company's current revenue (TTM) is $18.98 B. In 2022 the company made a revenue of $19.63 B an increase over the years 2021 revenue that were of $16.79 B.
How does AEP make money?
The breakdown. AEP's main business is its collection of vertically integrated utilities, which make up around 65% of its rate base. Transmission and distribution utilities make up around 25% of the rate base, and the company's AEP Transmission Holding Company accounts for the remainder.
Is AEP a good investment?
American Electric Power has 8.73% upside potential, based on the analysts' average price target. Is AEP a Buy, Sell or Hold? American Electric Power has a conensus rating of Moderate Buy which is based on 5 buy ratings, 4 hold ratings and 2 sell ratings.
Is AEP a big company?
As one of the largest electric energy companies in the U.S., we power millions of homes and businesses.
Is AEP laying off employees?
American Electric Power announced last week that 270 employees will be laid off as part of a “workforce reduction.” AEP officials said the layoffs, which will begin on Feb.
Is AEP stock a buy or sell?
American Electric Power stock has received a consensus rating of buy. The average rating score is and is based on 50 buy ratings, 12 hold ratings, and 3 sell ratings.
Who owns AEP stock?
Largest shareholders include Vanguard Group Inc, BlackRock Inc., Wellington Management Group Llp, State Street Corp, VTSMX - Vanguard Total Stock Market Index Fund Investor Shares, VFINX - Vanguard 500 Index Fund Investor Shares, Morgan Stanley, Geode Capital Management, Llc, Invesco Qqq Trust, Series 1, and Invesco ...
Who has the most debt on earth?
The United States has the world's highest national debt with $30.1 trillion owed to creditors as of the first quarter of 2023. Washington's debt now stands at $31.4 trillion, raising further concerns about US government spending and borrowing costs.
Does China owe the US money?
Foreign countries buy US Treasury securities since they are considered as one of the most secure assets. Among other countries, Japan and China have continued to be the top owners of US debt during the last two decades.
Who paid off all of America's debt?
1837: Andrew Jackson
(In 1835, the $17.9 million budget surplus was greater than the total government expenses for that year.) By January of 1835, for the first and only time, all of the government's interest-bearing debt was paid off.
Does any country owe the U.S. money?
China owes the United States $1.3 trillion, which is the most debt out of all the countries that are its debtors. Japan was the primary debt holder until 2008, but now comes in second place, with $1.2 trillion. Other countries with outstanding U.S. debt include Russia, India and South Korea.
What country owes the U.S. the most money?
With $1.1 trillion in Treasury holdings, Japan is the largest foreign holder of U.S. debt. Japan surpassed China as the top holder in 2019 as China shed over $250 billion, or 30% of its holdings in four years.
How much is China in debt?
In 2023, aggregate local government debt had risen to 92 trillion yuan ($12.58 trillion) and the central government of People's Republic of China ordered its banks to roll over debts in a debt-restructuring. China's gross external debt in 2023 was $2.38 trillion.
Who owns Appalachian Power?
Where does AEP get their power?
The company invests approximately 66% of its electricity generation CapEx to low-carbon technologies. It also undertook a scenario analysis that informed its decision in 2021 to increase its target ambition. However, 80% of AEP's electricity generation capacity in 2020 was still derived from coal and gas.
Why is AEP selling renewables?
“This sale is part of our strategy to streamline and de-risk the business and focus on our regulated operations,” said Julie Sloat, AEP president and chief executive officer. “Over the next five years, we plan to invest nearly $40 billion primarily in our regulated wires and generation businesses.
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