Cibc Asset Management Reduces $1M in American Electric Power Company, Inc. ($AEP)
Cibc Asset Management trimmed its position in AEP by 7,716 shares, a 2.1% decrease.
Key Points
- Cibc Asset Management trimmed its stake in American Electric Power by 7,716 shares, reducing its holdings by 2.1% to 356,193 shares valued at $47.43 million.
- American Electric Power, trading at $133.15, has a market cap of $70.9 billion and a P/E ratio of 19.3, with a 52-week high of $139.44.
- Recent insider sales at AEP include executives selling shares on May 1, 2026, and analysts maintaining 'buy' ratings with targets up to $148.
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Cibc Asset Management has trimmed its holdings in American Electric Power Company, Inc. (NasdaqGS: AEP). The firm reduced its stake by 7,716 shares, which is a 2.1% decrease. As of the latest SEC filing, Cibc holds 356,193 shares valued at approximately $47.43 million.
Cibc Asset Management vs. the S&P 500
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What Changed in Cibc Asset Management's American Electric Power Position
Cibc Asset Management cut its investment in American Electric Power by 7,716 shares, dropping its holdings from 363,909 shares to 356,193 shares. This adjustment represents a 2.1% decrease in their position, with the current value of the stake at about $47.43 million.
Other Institutional Activity in American Electric Power
Among other institutional investors, BlackRock, Inc. increased its holdings by 1,536,746 shares, bringing its total to 47,797,729 shares worth about $6.27 billion, marking a 3.3% increase. Vanguard Capital Management LLC opened a new position with 35,138,422 shares valued at $4.61 billion. Meanwhile, State Street Corp slightly reduced its stake by 149,640 shares, now holding 30,288,136 shares valued at $3.97 billion, a 0.5% decrease. GQG Partners LLC decreased its position by 1,876,988 shares, ending with 15,025,884 shares worth approximately $1.97 billion, reflecting an 11.1% decrease.
American Electric Power Company, Inc. Stock Up 12.7%
Shares of American Electric Power traded near $133.15 on Thursday. The company has a market capitalization of $70.9 billion and a P/E ratio of 19.3. Its beta is 0.518, indicating lower volatility compared to the market. The stock has a 52-week range between $101.15 and $139.44. AEP's 50-day moving average is $131.07, while its 200-day moving average is $122.89. The company's current ratio stands at 0.526, with a quick ratio of 0.294 and a debt-to-equity ratio of 157.1.
$AEP stock price
Daily closing prices, year to date. Not investment advice.
Recent Earnings
American Electric Power reported revenue of $22.43 billion, with a growth rate of 10.2%. The company achieved a net margin of 16.3% and a return on equity of 12.6%. Its earnings per share stand at $6.75. The next earnings report is expected on July 30, 2026.
Earnings drift grade
Outlook vs expectations on the last report — not price action.
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Forward outlook
6 target raises vs 1 cuts.
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EPS & revenue
EPS beat estimates by 3.5%. Revenue beat estimates by 4.9%.
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Profit surprise
EBITDA missed by 11 percent. Operating income missed by 20 percent.
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Pre-earnings setup
Expectations were about average.
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Analyst signal
6 target raises, 1 target cut.
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Earnings quality
Gross margin up 31.5 points. Operating margin down 3.2 points. Positive free cash flow.
Earnings Call Summary
AEP delivered strong first quarter earnings of $1.64 per share, beating consensus of $1.55, driven by positive regulatory outcomes and higher load growth. The company secured 7 additional gigawatts of contracted load in the quarter, bringing total contracted load to 63 gigawatts by 2030, mostly from data centers and industrial customers in Texas, Ohio, Indiana and Oklahoma. Management highlighted concerns about PJM's interconnection speed and is evaluating alternatives to ensure faster load connection, while also noting that customers value AEP's transmission expertise and ability to deliver on aggressive timelines.
Guidance AEP reaffirmed full year 2026 earnings guidance of $6.15 to $6.45 per share. The company raised its 5-year capital plan to $78 billion from $72 billion, expecting 11 percent rate base growth annually. Long-term earnings growth is now expected to exceed 9 percent per year through 2030, up from 7 to 9 percent.
Slightly positive report. The quarter was acceptable, but the forward setup is not strong.
Dividend
AEP offers an annual dividend rate of $3.80, yielding 2.98%. The dividend payout ratio is 55.6%.
Insider Buying and Selling at American Electric Power Company, Inc.
Several insiders at American Electric Power have recently sold shares. On May 1, 2026, Greg Hall, Executive Vice President, sold 4,306 shares at an average price of $136.91. Kate Dixon, Controller and CAO, sold 636 shares, and Douglas Cannon, President of AEP Transmission, sold 1,770 shares, all at the same price. Additionally, CEO William Fehrman sold 45 shares at $132.31 on March 10, 2026, while purchasing 96 shares on the same day.
Analysts Set New Price Targets
On June 18, 2026, Ladenburg Thalmann maintained a 'buy' rating with a price target of $143. Truist Securities, on May 29, 2026, also maintained a 'buy' rating, setting their target at $145. TD Cowen echoed this sentiment on May 15, 2026, with a target of $148. Overall, the consensus among 21 analysts is a 'buy' rating, with an average target price of $144.10.
About American Electric Power Company, Inc.
American Electric Power Company, Inc., headquartered in Columbus, Ohio, is a major electric utility holding company. It generates, transmits, and distributes electricity to retail and wholesale customers across the United States. The company operates through various segments, including Vertically Integrated Utilities and Transmission and Distribution Utilities. AEP's generation portfolio includes coal, natural gas, nuclear, and renewable energy. Led by CEO William J. Fehrman, AEP employs approximately 17,581 people.
Bottom Line
Cibc Asset Management's decision to trim its stake in American Electric Power reflects a modest adjustment in its investment strategy. Investors often track such filings for insights into institutional sentiment, though it's important to remember that 13F filings are backward-looking and may not represent the current position. American Electric Power's steady stock performance and consistent dividends continue to make it a company of interest in the utilities sector.
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