American Electric Power Announces $1 Billion Debenture Sale
American Electric Power announced a $1 billion sale of junior subordinated debentures to enhance its financial position, increasing the total principal amount to $1.5 billion for Series C and D. The move is expected to impact market standing and stakeholder interests. Analysts rate AEP stock as a Buy with a $128 target, noting strong financial performance and growth potential. The company operates in the energy sector, focusing on electricity generation, transmission, and distribution.