Through an evaluation of recently distributed news, American Electric Power Company, Inc. (AEP) continues to stay relevant in the energy industry. Notably, the company successfully sold its
Distributed Resources Business to Basalt. Also, it was awarded the accolade as one of the
Best Employers for Diversity in America. The stock market performance, however, has not been as encouraging with the company's shares
underperforming when juxtaposed with its competitors. Despite some firms such as BTG Pactual Global Asset Management Ltd and Orion Portfolio Solutions LLC selling sizable amounts of AEP shares, others such as Clearbridge Investments LLC and Parallel Advisors LLC took the opposite approach and increased their positions. With regard to key personnel, AEP recently appointed
Chris Brathwaite as Chief Communications Officer while two new directors were also appointed, a likely factor in attracting investor confidence. Furthermore, the firm has revealed a focus on regulated operations, enacting a strategy of streamlining its business for superior customer service. The slightly
warm weather, however, meant that Q1 earnings were not as expected, leading AEP to preserve its 2024 earnings guidance.
American Electric Power Company AEP News Analytics from Tue, 11 Jul 2023 07:00:00 GMT to Mon, 03 Jun 2024 00:53:23 GMT -
Rating -3
- Innovation 4
- Information 5
- Rumor 4
