American Electric Power hits record high after Q2 profit beat

Shares of utility company American Electric Power AEP.O hit record high, now up 3.9% at $113.46

AEP beats Q2 profit estimates; co says positive drivers included rate changes across multiple jurisdictions

Co posts adjusted Q2 profit of $1.43 per share, compared with analysts' avg. expectation of $1.27 per share - data compiled by LSEG

AEP expects to announce new five-year capital plan of about $70 billion this fall to meet growing energy needs in U.S.

Including session's moves, stock up 23% YTD