Latest news with #electricutility
Yahoo
2 days ago
- Business
- Yahoo
Jim Cramer on Edison International: 'I Personally Wouldn't Take That Bet.'
Edison International (NYSE:EIX) is one of the stocks listed in our article, Jim Cramer recently discussed these 10 S&P 500 stocks. The company was the last of the worst S&P 500 performers in the first half of the year, and Cramer said: 'Finally, the fifth worst performer… of the first half was Edison International, that's a regulated electric utility in southern California, with the stock that was down 35%. This year began with those horrific LA wildfires, which took place in the company's service area. But that's not what truly crushed the stock. California utilities have all proven to be bad investments this year… What's the issue in California? Proposed regulations that were originally aimed at addressing affordability, but somehow morphed into a major regulatory overhaul. A wide aerial view of an electric power transmission facility with lines, substations, and overhead wires. Edison International (NYSE:EIX) produces and delivers electricity throughout Southern California. The company serves residential, commercial, industrial, and agricultural customers. While we acknowledge the potential of EIX as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock. READ NEXT: The Best and Worst Dow Stocks for the Next 12 Months and 10 Unstoppable Stocks That Could Double Your Money. Disclosure: None.
Yahoo
22-06-2025
- Business
- Yahoo
American Electric Power Strengthens Dividend Potential with New Investment Deal
American Electric Power Company, Inc. (NASDAQ:AEP) is among the 10 best dividend stocks, picked from Jim Cramer's recommendations. Raymond James has initiated coverage of the stock, giving it an Outperform rating alongside a price target of $115 after a new investment. A series of large electrical transmission towers providing power to the public. American Electric Power Company, Inc. (NASDAQ:AEP) is one of the largest electric utility companies in the U.S., serving more than 5 million customers in 11 states. Headquartered in Ohio, the company utilizes multiple energy sources, including coal, natural gas, wind, solar, nuclear, and hydro, to generate and transmit electricity to its customers. On June 5, 2025, the company finalized a partnership with KKR and PSP Investments. Jointly, these companies acquired a 19.9% equity interest in American Electric Power Company, Inc. (NASDAQ:AEP)'s Ohio and Indiana Michigan transmission companies for $2.82 billion. With this investment, the company aims to meet over 20 gigawatts of new power demand expected by 2030 across its footprint. American Electric Power Company, Inc. (NASDAQ:AEP) will maintain operational control. A few days after this transmission investment, on June 13, 2025, Raymond James initiated coverage of American Electric Power Company, Inc. (NASDAQ:AEP), assigning the stock an Outperform rating and a $115 price target, thereby enhancing the company's positive outlook. On June 17, 2025, the company announced Rob Berntsen as the new EVP and General Counsel, effective July 14, 2025. The stock rating is yet to absorb this change in leadership. American Electric Power Company, Inc. (NASDAQ:AEP) offers a dividend yield of 3.61%, potentially funded by its earnings as expressed with a payout ratio of 69.88%. Sixteen years of consecutive dividend growth signal a strong financial stability. While we acknowledge the potential of AEP as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock. READ NEXT: andDisclosure. None. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
