American Electric Power Advances Grid Modernization Plan

American Electric Power Company (NASDAQ:AEP) drew renewed investor attention after Barclays on January 22 raised its price target to $121 from $117 while keeping an Equal Weight rating. Management describes a $72 billion five-year capital plan with about 20 gigawatts of customer commitments by 2030, driven by electrification and data center growth, and AEP yields roughly 3.26%.