American Electric Power Surges to 45th in Trading Rankings with $1.243 Billion in Shares Traded

On March 25, 2025, American Electric Power (AEP) saw a significant surge in trading volume, with a total of $1.243 billion in shares traded, marking a 354.35% increase from the previous day. This substantial volume placed AEP at the 45th position in the day's trading rankings.

American Electric Power (AEP) has announced the pricing of a registered underwritten offering of approximately 19.61 million shares of its common stock at $102.00 per share. The company has entered into forward sale agreements with Citibank, N.A. and Barclays Bank PLC, under which AEP has agreed to issue and sell an aggregate of 19.61 million shares of its common stock to these forward counterparties. Additionally, the underwriters of the offering have been granted a 30-day option to purchase up to an additional 2.94 million shares of AEP's common stock on the same terms. If the underwriters exercise their option, AEP expects to enter into additional forward sale agreements with the forward counterparties for the additional shares. The settlement of these forward sale agreements is anticipated to occur on or before December 31, 2026. AEP may choose cash settlement or net share settlement for all or a portion of its rights or obligations under the forward sale agreements. If AEP opts for physical settlement, it plans to use the net proceeds for general corporate purposes, which may include capital contributions to its utility subsidiaries, acquisitions, and/or debt repayment.