Latest news with #RobBerntsen
Yahoo
09-07-2025
- Business
- Yahoo
American Electric Power Company (AEP) Bolsters Management Team
American Electric Power Company Inc. (NASDAQ:AEP) is . On June 17, the company named a new general counsel and technology chief, expected to support its long-term strategy. A high power electrical transformer station with transmission lines connecting to a power grid. Rob Berntsen will become executive vice president and general counsel, effective July 14. Berntsen joins American Electric Power Company from Xcel, where he served as executive vice president and chief legal and compliance officer. On the other hand, Johannes Eckert takes over as the executive vice president and chief information and technology officer, effective July 21. Eckert joins the company, having served as senior vice president and chief information officer at Cox Communications. The appointment comes as American Electric Power Company Inc. (NASDAQ:AEP) operates the nation's largest electric transmission system, serving 5.6 million customers. As one of the best defensive stocks, the company generates, transmits, and distributes electricity. It also produces power using various sources, including coal, lignite, natural gas, wind, solar, nuclear, and hydroelectric sources. While we acknowledge the potential of AEP as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock. READ NEXT: and . Disclosure: None. This article is originally published at Insider Monkey. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
19-06-2025
- Business
- Yahoo
Leadership Changes Announced At American Electric Power Company (NasdaqGS:AEP) To Support Long-Term Strategy
American Electric Power Company recently announced executive leadership changes, including the appointments of Rob Berntsen and Johannes Eckert to key roles. Despite this news, AEP's share price remained flat over the past week amidst a shifting market context influenced by global events and anticipation of the Federal Reserve's interest rate decision. As stock markets experienced slight upticks, with the Dow and S&P 500 posting gains, AEP's market performance was consistent with broader trends, neither contributing significantly to nor deviating from the relative market stability observed during the period. We've discovered 2 risks for American Electric Power Company (1 is significant!) that you should be aware of before investing here. Explore 24 top quantum computing companies leading the revolution in next-gen technology and shaping the future with breakthroughs in quantum algorithms, superconducting qubits, and cutting-edge research. The recent executive leadership changes at American Electric Power Company could influence the company's strategic plans and potentially refine its focus on regulatory and investment initiatives. While short-term share price movement remained stagnant following the announcement, AEP has achieved a significant total return of 50.81% over the past five years, illustrating the company's potential for consistent shareholder returns over longer periods. Over the past year, AEP matched the US Electric Utilities industry's return of 15.8%, indicating its competitive performance within its sector. Considering the company's future growth strategies, the leadership changes could play a role in solidifying regulatory activities and capital investment plans, which are vital for the anticipated revenue and earnings growth. Despite recent stability in share price, analysts have set a price target of approximately US$109, slightly above the current share price of US$107.44, suggesting anticipation of modest growth in value. The leadership team's effectiveness in implementing AEP's growth strategies could thus impact both revenue forecasts and the achievement of these targets. As the company maneuvers through regulatory risks and capital requirements, the updated management structure might influence its ability to optimize earnings growth. Gain insights into American Electric Power Company's outlook and expected performance with our report on the company's earnings estimates. This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned. Companies discussed in this article include NasdaqGS:AEP. This article was originally published by Simply Wall St. Have feedback on this article? Concerned about the content? with us directly. Alternatively, email editorial-team@
