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flag Michigan Retirement System increases AEP shares to 144,358 worth $12.66m, with institutional investors holding 75.24% and Q2 earnings exceeding expectations.

flag The State of Michigan Retirement System acquired 300 additional shares of American Electric Power Company (AEP) in Q2, increasing its holdings to 144,358 shares worth $12.66m. flag Institutional investors hold 75.24% of the company's stock, and the firm reported Q2 earnings of $1.25/share, exceeding expectations and leading to an increased dividend of $0.88/share. flag Several brokerages have raised their ratings and price targets for AEP, including Morgan Stanley at $102 and BMO Capital Markets at $104.

8 months ago
23 Articles