American Electric Power Company (AEP) has been named in America's top
JUST Companies for the fifth year. AEP secured a $2.8B investment from
KKR,
PSP for transmission assets and plans to sell stakes in transmission companies to this consortium. They've also settled with the SEC over the
HB6 entanglement for $19M. AEP is leveraging
Fuel Cell Technology to power Data Centre growth and has completed the sale of its subsidiary
AEP OnSite Partners. It has announced leadership changes to foster local operations and growth. It has seen an impressive
9.9% ROE and despite the losses on the day,
AEP shares have outperformed competitors with a 30% shareholder return in the last year.
Guggenheim upgraded the stock to Buy, expecting utilities to outperform in
2025. The company also continued its 113-year dividend streak, declaring a $0.93 quarterly payment on the common stock. It is planning to employ more workers and has announced a return to the office full-time.
American Electric Power Company AEP News Analytics from Mon, 13 May 2024 07:00:00 GMT to Thu, 06 Feb 2025 15:00:56 GMT -
Rating 7
- Innovation 5
- Rumor 3
