Wealthspire Advisors LLC has reduced its stock position in American Electric Power Company, Inc. (NASDAQ:AEP), while Empowered Funds LLC and Duality Advisers LP significantly increased theirs. Quantbot Technologies LP and Norden Group LLC have made new investments in the company. The company has been given an average rating of “Hold” by analysts and is favored by institutional owners who hold 77% of the company. American Electric Power seeks bids for coal and is facing 15 GW of new load, driven by Amazon, Google, and other data centers. The company has been recognized as one of America's best employers for diversity and it has recently completed the sale of New Mexico solar assets. There have been multiple personnel changes, including appointing a new CEO and chief communication officer. Despite reporting mixed 2023 earnings amid strategic shifts, AEP reaffirmed its guidance. It is streamlining business and focusing on regulated operations to benefit customers.
American Electric Power Company AEP News Analytics from Mon, 02 Oct 2023 07:00:00 GMT to Sun, 14 Jul 2024 12:31:41 GMT -
Rating -1
- Innovation -3
- Information +7
- Rumor -5
