American Electric Power Company (AEP) has achieved a new 1-year high with a stock price reaching $93.44. The company's
Return on Equity (ROE) stands at 11% and their holdings were raised by
Dimensional Fund Advisors LP. In terms of their business operations,
AEP has signed an agreement to sell their distributed resources business to
Basalt. The company has also been involved in a $850 million Senior Notes offering advised by Hunton Andrews Kurth. Furthermore, AEP Energy was retained by the company, reaffirming their earnings guidance for 2024. Reports indicate that the company's Q2 2024 EPS Estimates have been boosted by Analysts and also raised by
Zacks Research. The company has also been recognized as one of America's best employers for diversity. AEP completed the sale of
New Mexico Solar Assets. The company also reported mixed 2023 earnings amidst some strategic shifts in their business.
AEP has disclosed plans for streamlining their business while focusing on their regulated operations to benefit their customers. Lastly, AEP has been selected to receive a federal grant to enhance grid reliability.
American Electric Power Company AEP News Analytics from Sat, 12 Aug 2023 07:00:00 GMT to Thu, 23 May 2024 20:41:20 GMT -
Rating 3
- Innovation 4
- Information 8
- Rumor -2
