Bank of America 13F: Cuts AEP Stake by $103M

Bank of America Reduces Stake in AEP

Bank of America has cut its stake in American Electric Power Company, Inc. (AEP) by 12.6%, selling 746,369 shares. After this reduction, the bank now holds 5,162,502 shares valued at about $711.7 million as of May 18, 2026. This move highlights a shift in investment strategy as AEP continues to navigate the utilities sector.

Changes in Bank of America's Position

The reduction of 746,369 shares marks a notable change for Bank of America, which previously held 5,908,871 shares. The current stake reflects a decrease of 12.6%, which may indicate a reassessment of the utility's growth prospects or market conditions.

Institutional Movements in AEP

Other institutional investors have also been active with their positions in American Electric Power. Recently, SG Americas Securities reduced its stake by 1.6%, selling 5,554 shares, while Quantinno Capital Management increased its stake by 15.6%, showing confidence in the utility giant. HSBC Holdings also cut its position, reducing its stake by 16.6% as of its latest filing. These movements suggest a mixed sentiment among major holders regarding AEP's future.

AEP Stock Performance

As of the publication date, AEP shares were trading at $137.86, recovering from a previous close of $120.00. This price point is near the higher end of its 52-week range, which has seen a low of $106.78 and a high of $140.58. The stock's recent performance may reflect investor optimism following recent analyst upgrades.

Analysts Set New Price Targets

On October 13, 2026, Keybanc upgraded AEP to an 'Overweight' rating with a price target of $133. Barclays maintained an 'Equal-Weight' rating with a target of $120, while Morgan Stanley has kept an 'Overweight' rating with targets of $128 and $135 in recent updates. The consensus among analysts is a 'buy' rating, with a mean price target of $143.23 based on 20 opinions, indicating a positive outlook for the company's performance.

What American Electric Power Company, Inc. Does

American Electric Power Company, Inc. is a major electric utility provider in the United States, involved in generating, transmitting, and distributing electricity. With a diverse energy portfolio that includes coal, nuclear, natural gas, and renewables, AEP plays a critical role in the energy landscape. The recent stake reduction by Bank of America and other institutional movements could reflect broader market dynamics affecting the utilities sector.

What's Ahead for American Electric Power Company, Inc.

Investors will be watching for AEP's next earnings report scheduled for October 29, 2026. The recent 13F filing from Bank of America reflects past holdings and may not represent current positions. As the market evolves, further updates on institutional investments in AEP will be important to monitor.