Management Meeting: Beyond Wind Catcher, American Electric Power Has Numerous Capital Opportunities
We are reaffirming our $71 per share fair value estimate, narrow moat, and stable moat trend for American Electric Power after meeting with management at the Edison Electric Institute Financial Conference in San Francisco.With the disappointing 2,000 MW Wind Catcher Energy Connection decision behind them, management is now looking forward to executing its $33 billion capital investment plan from 2019 to 2023. More than 70% of this spend is recovered through trackers or forward mechanisms, signi...
American Electric Power Company is a public utility holding company. The public utility subsidiaries of the company provide electric service, consisting of generation, transmission and distribution, on an integrated basis to their retail customers. The service areas of the company's public utility subsidiaries cover portions of the states of Arkansas, Indiana, Kentucky, Louisiana, Michigan, Ohio, Oklahoma, Tennessee, Texas, Virginia and West Virginia. Transmission networks are interconnected with distribution facilities in the territories served. The company's service company subsidiary provides accounting, administrative, information systems, engineering, financial, legal, maintenance and other services.
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Morningstar provides data on approximately 530,000 investment offerings, including stocks, mutual funds, and similar vehicles, along with real-time global market data on more than 18 million equities, indexes, futures, options, commodities, and precious metals, in addition to foreign exchange and Treasury markets. Morningstar also offers investment management services through its investment advisory subsidiaries and had approximately $185 billion in assets under advisement and management as of June 30, 2016.
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