BUZZ-American Electric Power rises to record high after beating Q4 profit estimates, increased capex plan
Reuters
Feb 13
BUZZ-American Electric Power rises to record high after beating Q4 profit estimates, increased capex plan
Updates
** Shares of utility company American Electric Power AEP.O up 4.5% to a record high of $127.8
** Co surpasses Q4 profit expectations, citing surge in power demand driven by large hyperscalers
** Co says it has identified $5 billion to $8 billion in additional transmission and generation projects beyond its current $72 billion five-year capital investment plan
** AEP posts adjusted Q4 profit of $1.19 per share v/s est. of $1.15 per share - data compiled by LSEG
** Including session's moves, stock up 23% YTD
(Reporting by Dharna Bafna and Katha Kalia in Bengaluru)
((Dharna.bafna@thomsonreuters.com))
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