Will American Electric Power Test $50 in 2011?

Filed under: Stocks to Buy

Readers of this space know that one preferred sector is the utilities sector, and utility American Electric Power (AEP), first discussed here on May 4, 2009 at a price $25.38, is a good example.



Look for American Electric's 2011 revenue to rise 3-5%, as the U.S. economic expansion gains momentum in 2011. Recent rate increases, and lower operating and maintenance expenses should also benefit the company's performance in 2011.



AEP, with more than 5 million retail customers (mostly in Ohio, Virginia, Indiana, and Oklahoma), should continue to shine as a low-cost power provider. True, increased energy efficiency across the U.S. economy will be a trend for the next decade and beyond, but relatively low-cost electric power does not go out of style. Finally, a $1.84 annual dividend provides a cherry on top.

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Will American Electric Power Test $50 in 2011? originally appeared on BloggingStocks on Wed, 22 Dec 2010 17:20:00 EST. Please see our terms for use of feeds.

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