American Electric Power Company (AEP) witnessed a slowdown in returns on capital. However, institutional investors, including Hennion & Walsh Asset Management Inc, Assenagon Asset Management S.A., and Empirical Asset Management LLC, have increased their holdings. They've been joined by KKR and PSP Investments who jointly acquired a minority stake in two AEP transmission companies, in a deal worth $2.8 billion. AEP also secured federal grants for advanced nuclear projects and resolved an SEC investigation with a $19 million penalty. After BofA upgraded AEP to 'Buy', its stock was considered attractive by multiple analysts. AEP has undergone leadership changes, including appointing Trevor Mihalik as CFO, and completed sales of subsidiary AEP OnSite Partners. Despite experiencing some underperformance, AEP reported strong quarterly earnings and secured a $1.6 billion loan, indicating resilient financial health. Finally, it also entered a strategic partnership with KKR and PSP, further bolstering its transmission business.
American Electric Power Company AEP News Analytics from Mon, 13 May 2024 07:00:00 GMT to Sat, 18 Jan 2025 09:29:52 GMT -
Rating 7
- Innovation 5
- Information 8
- Rumor 3
