American Electric Power rises to record high after beating Q4 profit estimates, increased capex plan

Shares of utility company American Electric Power AEP.O up 4.5% to a record high of $127.8

Co surpasses Q4 profit expectations, citing surge in power demand driven by large hyperscalers

*Co says it has identified $5 billion to $8 billion in additional transmission and generation projects beyond its current $72 billion five-year capital investment plan

AEP posts adjusted Q4 profit of $1.19 per share v/s est. of $1.15 per share - data compiled by LSEG

Including session's moves, stock up 23% YTD