American Electric Power (AEP) Stock Could Be 11% Overvalued Following Generator Deal

American Electric Power Company has ridden a strong multi year share price run, and the current level raises a simple question for income focused investors who care most about the durability and pricing of its dividend stream. With the stock now reflecting years of optimism around regulated earnings and grid investments, the issue is whether the cash the company returns to shareholders still lines up with what buyers are paying today. Over the past 3 years, American Electric Power stock has...