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AMERICAN ELECTRIC POWER (AEP)
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American Electric Power : Kentucky Power Awards Robotics Grant to Argillite Elementary

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04/21/2018 | 12:51pm CEST

ASHLAND, Kentucky, April 20 -- Kentucky Power, a unit of American Electric Power, issued the following news release:

Argillite Elementary School in eastern Kentucky on Friday received a $500 FIRST LEGO League robotics grant from Kentucky Power to support its robotics team. Lucas Stout, a teacher at the school, applied for the grant.

"Kentucky Power is critically aware of the need for strong science and technology education programs," said Matthew Satterwhite, Kentucky Power's president and chief operating officer. "We are proud to help Argillite Elementary and other students and school leaders in eastern Kentucky as they pursue firsthand experiences in science and technology."

The FIRST (For Inspiration and Recognition of Science and Technology) robotics grant is part of efforts by Kentucky Power and its parent company, American Electric Power, to support pre-kindergarten through 12th grade education in science, technology, engineering and math. The FIRST grants support a multi-national robotics competition that teams professionals and students to solve an engineering problem in an intense and competitive way. Grant amounts range from a couple of hundred dollars up to a few thousand. Smaller grants are available for elementary and middle school robotics, while high schools qualify for more.

* FIRST Robotics Competition (high school) -- up to $6,000

* FIRST Tech Challenge (high school) - up to $2,000

* FIRST LEGO League (ages 9-14) - up to $500

* Junior FIRST LEGO League (ages 6-9) - up to $250

AEP and its operating companies have awarded $200,000 in funding to about 100 FIRST robotics program teams across its 11-state service territory for 2018-2017. Recipients must apply to receive a grant by January each year. More information can be found at www.usfirst.org.

© 2018 Targeted News Service, source News Service

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Financials ($)
Sales 2018 15 551 M
EBIT 2018 3 404 M
Net income 2018 1 912 M
Debt 2018 24 751 M
Yield 2018 3,66%
P/E ratio 2018 17,63
P/E ratio 2019 16,58
EV / Sales 2018 3,76x
EV / Sales 2019 3,78x
Capitalization 33 702 M
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American Electric Power Technical Analysis Chart | AEP | US0255371017 | 4-Traders
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Mean consensus OUTPERFORM
Number of Analysts 18
Average target price 73,0 $
Spread / Average Target 6,7%
EPS Revisions
Managers
NameTitle
Nicholas K. Akins Chairman, President & Chief Executive Officer
Ashley M. Weaver Vice President-Operations
Brian X. Tierney Chief Financial Officer & Executive Vice President
Alberto G. Ruocco Chief Information Officer & Vice President
Lionel L. Nowell Independent Director
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