American Electric Power Company, Inc. (AEP) has seen significant changes in investment activity, with entities such as Strs Ohio, Voleon Capital Management LP and Yaupon Capital Management LP acquiring shares, while others like UniSuper Management Pty Ltd and USS Investment Management Ltd have decreased their holdings. However, AEP's stock performance seems to be underperforming the Nasdaq. Jefferies Financial Group lowered their price target for AEP to $116.00. Legal challenges have not deterred AEP from requesting further financial assistance for their coal plants, despite record profits. In leadership news, industry veteran Doug Cannon has been appointed President of AEP Transmission and several changes have been announced in the executive team. Regulatory bodies, such as the Public Service Commission, have denied requests for rate increases. AEP anticipates a five-year capital plan of $70 billion following record Q2 earnings and has beat earnings estimates. The firm has a significant institutional ownership. Some residents of West Virginia are protesting against another proposed rate increase by AEP. In the meantime, AEP is considering a move from its current downtown location.
American Electric Power Company AEP News Analytics from Tue, 18 Feb 2025 08:00:00 GMT to Sat, 13 Sep 2025 18:47:01 GMT -
Rating 6
- Innovation 3
- Information 8
- Rumor -4
