Oklahoma Rate Decision a Move in the Right Direction; AEP Reports 1Q Earnings
We are reaffirming our $71 per share fair value estimate and narrow, stable moat trend ratings after American Electric Power reported first-quarter operating earnings of $1.19 per share, up from $0.96 per share in the same year-ago period. Management reaffirmed its 2019 full-year earnings guidance of $4.00 to $4.20 per share, in line with our expectations.On the regulatory front, AEP received an Oklahoma rate decision that we view as a move in the right direction, but it still leaves room for i...
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.
Morningstar, Inc. is a leading provider of independent investment research in North America, Europe, Australia, and Asia. The company offer an extensive line of products and services for individual investors, financial advisors, asset managers, and retirement plan providers and sponsors.
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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