American Electric Power Company (AEP) exhibits a strong presence among
institutional investors, holding around 78% of the company, and have benefited from a 27-41% return in the past year. With recent changes in leadership to reinforce local operations and stimulate growth, AEP is considering additional asset sales to finance a capex plan boost, seeing surging profit growth. Impressively, the
Return on Equity (ROE) stands at 9.9%, above industry average. The company is also focusing on fuel cell technology to expand their data center. In recent developments, the firm's quarterly dividend has increased to 93 cents a share. However, institutional investors have trimmed their holdings while others are showing a notable increase in short interest. Challenges faced include an 18% rate hike dismissal by the PSC due to incomplete filing and unimpressive return trends. Meanwhile, a '$99.00' price target was set by Barclays.
Barclays has set a new price target for
AEP at $99.00. Furthermore, its third-quarter 2024 earnings missed expectations.
American Electric Power Company AEP News Analytics from Wed, 26 Jun 2024 07:00:00 GMT to Sat, 30 Nov 2024 12:00:29 GMT -
