TN households need energy affordability as data centers grow | Opinion
As data centers increase energy demand in Tennessee, the Tennessee Valley Authority (TVA) plans to create a new rate class for them to cover infrastructure costs. While this move aligns with federal efforts to ensure data centers pay their share, the article argues it may not fully address the energy affordability crisis facing many Tennessee households. The author advocates for increased energy efficiency programs and the implementation of energy affordability initiatives, such as percentage-of-income payment plans, to alleviate the burden on struggling families.
TVA hikes electric rates on Memphis data centers
The Tennessee Valley Authority (TVA) has announced steeper electric bills for data centers, including SpaceXAI’s Memphis operations, and increased costs for accessing the broader electric grid. TVA CEO Mike Skaggs stated that these rate hikes are intended to protect other ratepayers and position TVA ahead of other utilities in managing data center power demands. This change will affect data centers across the Tennessee Valley.
Live Oak Investment Partners Invests $1.11 Million in American Electric Power Company, Inc. $AEP
Live Oak Investment Partners acquired a new stake of 8,125 shares, valued at approximately $1.11 million, in American Electric Power Company, Inc. during the second quarter. Other institutional investors also increased their holdings, bringing collective institutional ownership to 75.24%. Despite missing analyst EPS estimates for the quarter, AEP's revenue rose 7% year-over-year, and the company maintained its fiscal 2026 EPS guidance while declaring a quarterly dividend.
Johnson Financial Group Inc. Acquires Shares of 29,849 American Electric Power Company, Inc. $AEP
Johnson Financial Group Inc. has purchased 29,849 shares of American Electric Power Company, Inc. (NASDAQ:AEP) for approximately $4,084,000 during the second quarter. Other institutional investors have also adjusted their holdings in AEP. The company recently announced a quarterly dividend of $0.95 per share, yielding 3.0%, and analysts have a "Moderate Buy" rating with a consensus target price of $140.38.
Tocqueville Asset Management L.P. Invests $9.04 Million in American Electric Power Company, Inc. $AEP
Tocqueville Asset Management L.P. has acquired a new stake of 66,054 shares, valued at $9.04 million, in American Electric Power Company, Inc. (AEP) during the second quarter. Other institutional investors also adjusted their holdings, with institutional ownership of AEP standing at 75.24%. Despite AEP missing EPS estimates for the quarter, analysts generally maintain a "Moderate Buy" rating with an average price target of $140.38, and the company declared a quarterly dividend of $0.95.
Patrick Mauro Investment Advisor INC. Invests $3.94 Million in American Electric Power Company, Inc. $AEP
Patrick Mauro Investment Advisor INC. has acquired a new stake of 28,778 shares, valued at approximately $3.94 million, in American Electric Power Company, Inc. This investment makes AEP the 20th largest holding in Patrick Mauro's portfolio, representing about 2.0%. Other institutional investors like Vanguard Group Inc., BlackRock Inc., and State Street Corp have also recently adjusted their significant holdings in American Electric Power.
E Fund Management Co. Ltd. Buys Shares of 21,032 American Electric Power Company, Inc. $AEP
E Fund Management Co. Ltd. has acquired 21,032 shares of American Electric Power Company, Inc. (NASDAQ:AEP) during the second quarter, valued at approximately $2.88 million. This move is part of broader institutional investment, with other hedge funds and institutional investors also adjusting their positions in AEP, collectively owning 75.24% of outstanding shares. Despite missing analyst EPS estimates for the recent quarter, AEP reported strong revenue growth, declared a quarterly dividend of $0.95 per share, and maintains a "Moderate Buy" consensus rating from analysts.
10,712 Shares in American Electric Power Company, Inc. $AEP Purchased by Diversify Advisory Services LLC
Diversify Advisory Services LLC has acquired a new stake of 10,712 shares in American Electric Power Company, Inc. (NASDAQ:AEP) during the second quarter, valued at approximately $1.43 million. Other institutional investors have also adjusted their holdings in AEP. The article also provides financial details, recent earnings, dividend information, and analyst ratings for American Electric Power.
JPMorgan Adjusts American Electric Power Price Target to $140 From $148
JPMorgan has adjusted its price target for American Electric Power Company, Inc. (AEP) from $148 to $140. This change reflects the analyst's updated outlook for the electric utility company. The article also lists recent news and other analyst recommendations concerning American Electric Power.
Oxbow Advisors LLC Invests $4.61 Million in American Electric Power Company, Inc. $AEP
Oxbow Advisors LLC has invested $4.61 million in American Electric Power Company, Inc. (NASDAQ:AEP) by purchasing 33,676 shares in the second quarter. Institutional investors own 75.24% of the company, and analysts have a "Moderate Buy" rating with an average price target of $140.38. AEP recently reported quarterly revenue of $5.45 billion, exceeding estimates, but missed earnings per share expectations and declared a quarterly dividend of $0.95 per share.
14,804 Shares in American Electric Power Company, Inc. $AEP Purchased by Meeder Advisory Services Inc.
Meeder Advisory Services Inc. recently acquired 14,804 shares of American Electric Power Company, Inc. (NASDAQ:AEP) worth approximately $2.03 million. Several other institutional investors also increased their holdings in AEP, which currently has a market capitalization of $68.78 billion and a dividend yield of 3.0%. Analysts have given the stock an average rating of "Moderate Buy" with a target price of $140.38.
126,353 Shares in American Electric Power Company, Inc. $AEP Bought by Wealthfront Advisers LLC
Wealthfront Advisers LLC recently acquired 126,353 shares of American Electric Power Company, Inc. (AEP) during the second quarter, a stake valued at approximately $17.3 million. This purchase contributes to the 75.24% institutional ownership of AEP, with other significant investors also adjusting their positions. Despite missing quarterly EPS estimates, AEP's revenue increased by 7% year-over-year, and analysts maintain a "Moderate Buy" consensus rating with an average price target of $140.38.
American Electric Power stock holds around $126 as investors digest guidance and dividend yield
American Electric Power (AEP) stock is trading in the mid-$120s, with investors evaluating its fiscal 2026 EPS guidance of $6.25 to $6.55, a 3% dividend yield, and institutional buying. The company reported Q2 2026 EPS of $1.36 (missing consensus) and revenue of $5.45 billion (exceeding expectations), with an annualized dividend of $3.80 per share. Analysts maintain a "moderate buy" rating with an average target price of $140.38.
Deutsche Bank AG Invests $298.81 Million in American Electric Power Company, Inc. $AEP
Deutsche Bank AG has acquired a new position in American Electric Power Company, Inc. (NASDAQ:AEP) worth approximately $298.81 million, purchasing over 2.18 million shares. This investment highlights significant institutional interest in AEP, with other major funds like Bank of New York Mellon Corp and Soroban Capital Partners LP also making substantial investments or increasing their stakes. American Electric Power recently reported its quarterly earnings, missing analyst estimates slightly but showing a 7% revenue increase year-over-year, and announced a quarterly dividend of $0.95 per share.
Citizens Financial Group Inc. RI Invests $1.58 Million in American Electric Power Company, Inc. $AEP
Citizens Financial Group Inc. RI has invested $1.58 million in American Electric Power Company, Inc. by purchasing 11,520 shares. This comes as institutional investors now own 75.24% of AEP. The company recently reported mixed quarterly results, missing EPS estimates but exceeding revenue expectations, and reaffirmed its fiscal 2026 EPS guidance while declaring a quarterly dividend.
Truist Financial Reaffirms Their Buy Rating on Sempra Energy (SRE)
Truist Financial analyst Richard Sunderland has reiterated a Buy rating on Sempra Energy (SRE), setting a price target of $100.00. This comes after Sempra Energy reported strong Q2 earnings, with quarterly revenue of $3 billion and a net profit of $797 million. Despite negative insider sentiment due to recent share sales, the Street generally holds a Strong Buy consensus for SRE with an average price target of $107.80.
JetBlue 'Worthless'? Analyst Cuts Rating As Us-Iran Conflict Keeps Jet Fuel Volatile
An analyst from Seaport Research Partners downgraded JetBlue Airways (JBLU) from Buy to Neutral due to heightened geopolitical risks from the US-Iran conflict, particularly the continued closure of the Strait of Hormuz. The analyst, Daniel McKenzie, expressed concerns about JetBlue's elevated debt levels and the potential for its shares to become "worthless" if rising oil prices force the company to increase debt to cover losses. The conflict also limits revenue upside despite previous optimistic assumptions regarding Spirit Airlines' operational cessation and JetBlue's internal efficiency plan.
AI Infrastructure Backlash Hits the Ballot Box: Pennsylvania Imposes Nation's Strictest Data Center Rules, Texas Audit Rattles Power Stocks
Pennsylvania has enacted the nation's most stringent data center regulations, requiring developers to secure their own power, use clean energy, gain community approval, and forgo non-disclosure agreements. This move, along with Texas's audit of data center projects and New York's moratorium, signals a significant shift in state-level policy from incentives to strict controls on AI infrastructure. The changing regulatory landscape is impacting individual stocks, with some companies like GE Vernova and Bloom Energy benefiting from increased demand for on-site power generation, while others like Caterpillar face pressure from slower construction.
Carl Icahn Trims JetBlue, AEP Stakes While Sitting Out New Stock Bets
Carl Icahn's latest 13F filing shows he made no new stock purchases in the second quarter, instead trimming his positions in JetBlue Airways and American Electric Power. The billionaire investor reduced his stake in AEP by about 64% and JetBlue by approximately 39%, while keeping most of his other major holdings unchanged. This indicates a period of selective risk reduction rather than launching new activist campaigns or making fresh high-conviction investments.
Veeva Systems To Rally Around 13%? Here Are 10 Top Analyst Forecasts For Monday
This article compiles ten recent analyst rating changes and price target adjustments for various companies, including Veeva Systems, Intuit Inc., Home Depot, and Progressive Corporation. Notably, Stifel raised its price target for Veeva Systems from $230 to $275, maintaining a Buy rating. Other significant changes include Mizuho slashing Intuit's price target and Cantor Fitzgerald cutting Progressive Corp's target.
Resilient American Electric Power stock steadies as AI data center demand lifts earnings outlook
American Electric Power (AEP) stock is trading in the mid-$120s, with recent market data showing shares at $126.55 as of August 17, 2026. The company has raised its current-year operating earnings forecast due to strong electricity demand from data centers, highlighting AI's role in boosting utility earnings. AEP is investing heavily in new generation technologies, including a $2.65 billion deal for solid oxide fuel cells, to meet high-density power needs for AI and digital infrastructure.
JetBlue 'Worthless'? Analyst Cuts Rating As Us-Iran Conflict Keeps Fuel Volatile - JetBlue Airways (NASDA
A Seaport Research Partners analyst downgraded JetBlue Airways (JBLU) from Buy to Neutral, citing increased geopolitical risks and balance sheet concerns due to ongoing US-Iran conflict and volatile jet fuel prices. The analyst, Daniel McKenzie, warned that JetBlue's elevated debt levels make it disproportionately vulnerable to rising oil prices, potentially leading to its shares becoming "worthless" if it incurs more debt to cover losses. The stock declined by 5.75% following the downgrade.
AEP Stock Stalls as NVIDIA Backs $105 Billion Ohio AI Project
American Electric Power (AEP) stock remained largely flat despite NVIDIA backing a massive $105 billion AI data center project in Ohio, which AEP Ohio is positioned to supply electricity for. The project, including a $4.2 billion transmission upgrade covered by SB Energy, highlights utilities as crucial infrastructure for the AI boom. While investors acknowledge AEP's potential role, significant earnings impact is not expected until electricity begins flowing to the site in 2029, making it a long-term bet.
Resilient American Electric Power stock edges lower as Oklahoma rate settlement reshapes Q2 2026 ear
American Electric Power (AEP) stock is trading lower in mid-August 2026 despite solid Q2 2026 revenue growth and raised full-year operating earnings guidance. The dip follows an Oklahoma rate settlement that significantly cut a requested rate increase for a subsidiary, impacting short-term earnings from that jurisdiction. However, the company maintains a stable regulated business model, ongoing grid investments, and a steady dividend, suggesting a sound long-term outlook for investors.
AEP Stock Slips 0.2% as Oklahoma Settlement Cuts PSO Rate Request by 75.6%
American Electric Power (AEP) stock saw a slight dip after a partial settlement in Oklahoma significantly reduced its Public Service Company of Oklahoma (PSO) rate increase request by 75.6%, from $299 million to $73 million. While the requested return on equity also fell, the agreement includes provisions like an expanded transmission-cost rider that could shorten recovery lags for AEP's investments. Investors are now keenly awaiting the final regulatory order, large-load tariff decisions, and interim bill reconciliations to fully assess the impact on AEP's investment strategy.
Veeva Systems To Rally Around 13%? Here Are 10 Top Analyst Forecasts For Monday
This article compiles recent analyst rating changes for several major companies, including price target adjustments and rating upgrades/downgrades. Notably, Stifel raised its price target for Veeva Systems Inc. (NASDAQ: VEEV) from $230 to $275, maintaining a Buy rating. Other companies mentioned include Progressive Corp (NYSE: PGR), American Electric Power Company Inc (NYSE: AEP), Intuit Inc (NASDAQ: INTU), Bain Capital Specialty Finance Inc (NYSE: BCSF), Gemini Space Station Inc (NASDAQ: GEMI), Home Depot Inc (NYSE: HD), and York Space Systems Inc (NYSE: YSS).
NVIDIA Guarantees SB Energy’s PORTS-Pike Technology Campus in Ohio to Exclusively Host NVIDIA AI Compute
NVIDIA has partnered with SB Energy to secure land, power, and shell capacity at the PORTS-Pike Technology Campus in Ohio, where OpenAI will be the customer for NVIDIA AI compute. NVIDIA will invest $1.5 billion in SB Energy to support this development, which aims to create a massive AI factory using NVIDIA’s full-stack DSX AI factory platform. This initiative is expected to generate tens of thousands of jobs and significant community investment in Ohio, reindustrializing the former Portsmouth Gaseous Diffusion Plant site.
AEP Maintained by Truist Securities -- Price Target Lowered to $139
Truist Securities has maintained a 'Buy' rating on American Electric Power (AEP) but lowered its price target to $139 from $146. Despite the analyst confidence, GuruFocus assesses AEP as 9.3% overvalued with a high trailing P/E ratio, though it boasts a solid GF Score™ of 77/100, primarily due to strong profitability and momentum. While institutional investors show positive sentiment, potential investors should consider the company's weak financial strength and stretched valuation.
Ohio attorney general candidate calls for investigation of ties between JobsOhio and Intel
A Democratic candidate for Ohio attorney general, John Kulewicz, has called for an investigation into potential conflicts of interest involving Josh Rubin, chairman of JobsOhio's board, and his lobbying activities for Intel. Kulewicz claims Rubin lobbied the governor for Intel while serving on JobsOhio, which has awarded millions to the company for a delayed chip-making plant. The candidate's complaint argues that JobsOhio should be subject to the same ethics and transparency laws as other state agencies to prevent such impropriety.
Why Is Consolidated Edison (NYSE:ED) an S&P 500 Utility to Watch?
Consolidated Edison (NYSE:ED) operates regulated electric, gas, and steam utilities primarily across New York and parts of New Jersey, serving a densely populated metropolitan area. The company, an S&P 500 constituent, focuses on essential energy services, infrastructure maintenance, and upgrades. Its recent financial results showed higher revenue and earnings, with ongoing capital spending to modernize its networks and prepare for elevated demand and severe weather.
Focus Partners Advisor Solutions LLC Purchases Shares of 17,388 American Electric Power Company, Inc. $AEP
Focus Partners Advisor Solutions LLC has acquired a new position of 17,388 shares in American Electric Power Company, Inc. (NASDAQ:AEP) valued at approximately $2.38 million during the second quarter. Several other institutional investors also adjusted their holdings in AEP, which currently has a "Moderate Buy" consensus rating from analysts with an average price target of $140.71. The company recently announced a quarterly dividend of $0.95 per share, to be paid on September 10th.
Bellars Harris Wealth Management LLC Purchases New Shares in American Electric Power Company, Inc. $AEP
Bellars Harris Wealth Management LLC has acquired a new stake of 75,847 shares in American Electric Power Company, Inc. (NASDAQ:AEP), valued at approximately $10.377 million, making it the fund's 8th largest holding. Other institutional investors like Brighton Jones LLC, Acadian Asset Management LLC, and AXA S.A. have also adjusted their positions in AEP. American Electric Power recently reported quarterly earnings of $1.36 EPS, missing consensus estimates, and declared a quarterly dividend of $0.95 per share.
ABN AMRO Bank N.V. Takes Position in American Electric Power Company, Inc. $AEP
ABN AMRO Bank N.V. has acquired a new stake of 49,646 shares in American Electric Power Company, Inc. (NASDAQ:AEP), valued at approximately $6.83 million, during the second quarter. Other institutional investors also adjusted their holdings in AEP, which currently holds a "Moderate Buy" rating from analysts with a consensus target price of $140.71. The company recently declared a quarterly dividend of $0.95 per share, payable on September 10th.
Carl Icahn's Top Q2 2026 Move: Icahn Enterprises LP at a 6.02% Portfolio Impact
Carl Icahn's latest 13F filing for Q2 2026 reveals a significant increase in his stake in Icahn Enterprises LP (IEP), making it a 6.02% portfolio impact. This move signals strong confidence in his own conglomerate, alongside trimming positions in American Electric Power (AEP) and JetBlue Airways (JBLU). Icahn's portfolio remains concentrated in energy and industrials, reflecting his contrarian investment philosophy.
George Soros's Top Q2 2026 Move: Trimming Amazon.com Inc at a -2.16% Portfolio Impact
George Soros's latest 13F filing for Q2 2026 reveals a significant trimming of his Amazon.com Inc position, impacting his portfolio by -2.16%, though AMZN remains his largest holding. The legendary investor also made substantial new buys, led by Super Micro Computer, and increased stakes in companies like Entergy Corp and Digital Realty Trust. These strategic shifts indicate a focus on technology infrastructure and utilities, alongside rebalancing in mega-cap tech and exiting some less promising ventures.
Soros adds American Electric Power, exits Salesforce, boosts Entergy stake, among Q2 trades (AEP:NASDAQ)
Soros Fund Management made several significant changes to its portfolio in Q2, as revealed by its latest 13F filing. The firm added a new stake in American Electric Power (AEP), completely exited its position in Salesforce (CRM), increased its holding in Entergy (ETR), and reduced its stake in Amazon (AMZN). These moves indicate a shift in investment strategy for the fund.
WATCH: American Electric Power Ohio tackling power outages in Columbus and surrounding counties
American Electric Power (AEP) Ohio is actively working to restore power to thousands of customers in Columbus and surrounding central Ohio counties following a series of severe storms. While outages initially affected over 130,000 residents, the number has significantly decreased to under 8,000 customers, with most remaining outages concentrated in Franklin County. AEP expects to fully restore power by noon on Friday and has brought in over 4,000 personnel from other states to aid in the effort.
Utility ETFs to Buy as Rapid AI Buildout Sparks Energy Crisis
The artificial intelligence (AI) revolution is driving an unprecedented surge in electricity demand, particularly from data centers, leading to significant growth opportunities for utility companies. This article suggests utility-focused exchange-traded funds (ETFs) as a compelling investment strategy for those looking to capitalize on the AI boom's energy demands without the volatility of direct tech stocks. It highlights several utilities like NextEra Energy (NEE), Duke Energy (DUK), and American Electric Power (AEP) that are aggressively expanding and collaborating with tech giants to meet this demand, and recommends specific ETFs such as State Street Utilities Select Sector SPDR ETF (XLU), Vanguard Utilities Index Fund ETF Shares (VPU), and iShares U.S. Utilities ETF (IDU).
Nomura Downgrades Korea Electric Power to Neutral From Buy, Adjusts Price Target to KRW40,000 From KRW61,000
Nomura has downgraded Korea Electric Power to "Neutral" from "Buy" and significantly reduced its price target from KRW61,000 to KRW40,000. This adjustment reflects a more cautious outlook on the company's prospects. The article also briefly mentions recent news about Korea Electric Power, including earnings reports and contract selections.
Analysts Offer Insights on Utilities Companies: Vistra Corp (VST) and Brookfield Renewable (BEPC)
Goldman Sachs maintained a Buy rating on Vistra Corp (VST) with a $206.00 price target, while Wells Fargo also reiterated a Buy rating with a $220.00 target. The consensus for Vistra Corp is a Strong Buy. Conversely, Morgan Stanley maintained a Sell rating on Brookfield Renewable (BEPC) with a $42.00 price target, leading to a Moderate Sell consensus for the stock.
DTE Energy (DTE) On Its Grid Upgrade Story And Whether The Pullback Is A Buying Chance
DTE Energy (DTE) shares have experienced a recent pullback, dropping 8% over the past month, despite a positive year-to-date return and a 3-year total shareholder return of 46.1%. Analysts consider the stock 13.6% undervalued, with a fair value target of $159.25, driven by the company's $30 billion grid modernization plan. This significant investment aims to improve reliability and support long-term earnings stability, though its success depends on smooth execution and regulatory cooperation.
NiSource stock (NI): 59% of NIPSCO customers out, highlighting storm recovery costs
Severe storms in the Midwest caused power outages for approximately 273,900 NIPSCO customers, representing 59% of its electric customer base, and 92% of Indiana's total outages. This event is prompting investors to focus on NiSource's (NYSE:NI) immediate grid performance and potential storm recovery costs, which have not yet been estimated, despite the company's previous strong EPS guidance and data center growth plans. NiSource shares were trading about 15% below their June peak, and the duration and cost of restoration efforts will significantly influence the financial impact and investor sentiment.
Tema ETFs LLC Has $35.70 Million Position in American Electric Power Company, Inc. $AEP
Tema ETFs LLC significantly increased its stake in American Electric Power Company, Inc. (AEP) during the second quarter, now holding 260,961 shares valued at $35.7 million. Despite AEP missing analyst EPS expectations in its latest earnings report, the company announced a quarterly dividend of $0.95 per share, yielding 3.1%, and maintains a "Moderate Buy" consensus rating among analysts with an average price target of $140.71. Institutional investors collectively own 75.24% of AEP's stock.
Army, TVA train to restore power after grid failure
The Army and Tennessee Valley Authority (TVA) are conducting extensive training and planning to ensure military installations like Redstone Arsenal can continue operations if the commercial electric grid fails. These "black start" exercises prepare installations to function without outside electricity, using emergency procedures and backup systems. This initiative addresses growing concerns about potential cyberattacks and other disruptions to America's electrical infrastructure, which military leaders deem critical for future warfare and national security.
American Electric Power Company Inc (AEP) Stock News Today
This page provides recent news and analysis for American Electric Power Company Inc (AEP) stock. It includes current stock prices, market capitalization, P/E ratio, and links to articles detailing movements for Ge Vernova Inc (GEV) stock, which appear to be miscategorized under AEP news. The main purpose of the page is to serve as a news hub for AEP investors, although it currently displays irrelevant news.
PG&E Corp (PCG) Earnings Forecast: Future EPS & Revenue Growth Estimates
This article provides an earnings forecast for PG&E Corp (PCG), indicating a current earnings forecast score of 7.89 and ranking 17th in its industry. Analysts have set an average price target of $21.00, with most recommending a "Buy" for the stock. The report also includes expected revenue for the next quarter and recent EPS performance.
Analysts Offer Insights on Energy Companies: Energy Transfer (ET) and Kodiak Gas Services, Inc. (KGS)
Analysts have issued bullish sentiments for Energy Transfer (ET) and Kodiak Gas Services, Inc. (KGS). TD Cowen maintained a Buy rating on Energy Transfer with a $25.00 price target, while Jefferies reiterated a Buy rating on Kodiak Gas Services with a $69.00 price target. Both companies received Strong Buy consensus ratings from analysts, indicating significant upside potential from current levels.
No audit for planned Nueces County data center under Abbott's order
Hut 8's planned 525-acre data center in Nueces County, known as Beacon Point, will not be subject to an audit under Governor Greg Abbott's recent directive because its electricity interconnection agreement with AEP Texas is already secured. The directive, aimed at data centers seeking to connect to the Texas electricity grid due to high demand, seeks information on financial assistance, and electricity and water consumption. While Hut 8 applauds the directive and claims responsible development practices, critics like the Coastal Watch Association raise concerns about potential environmental impacts and pollution for nearby residents.
Constitution Capital LLC Sells 19,600 Shares of American Electric Power Company, Inc. $AEP
Constitution Capital LLC reduced its stake in American Electric Power Company, Inc. by 47.6% in the second quarter, selling 19,600 shares but still retaining 21,545 shares valued at $2.95 million. Despite this sale, analyst sentiment for AEP remains positive with a "Moderate Buy" consensus and an average price target of $140.71. The company reported quarterly revenue of $5.45 billion, an increase of 7% year-over-year, and declared a quarterly dividend of $0.95 per share, offering a 3.1% yield.
Assenagon Asset Management S.A. Sells 1,049,338 Shares of American Electric Power Company, Inc. $AEP
Assenagon Asset Management S.A. significantly reduced its stake in American Electric Power (AEP) by selling 1,049,338 shares, representing a 91.9% decrease in its holdings. This move comes as AEP reported lower-than-expected quarterly EPS but exceeded revenue estimates. Despite the share reduction by Assenagon, institutional investors collectively own 75.24% of AEP, and analysts maintain a "Moderate Buy" rating with an average price target of $140.71.
