Metlife Investment Management Reduces $280K in American Electric Power Company, Inc. ($AEP)
Metlife Investment Management trimmed its stake in AEP by 1.6%, reflecting a sale of 2,031 shares.
Key Points
- Metlife Investment Management reduced its holdings in American Electric Power by 1.6%, selling 2,031 shares and ending with 126,279 shares valued at $16.7 million.
- American Electric Power, trading at $132.55, has a market cap of $70.9 billion and a forward P/E ratio of 19.0, with a 52-week range between $101.15 and $139.44.
- Recent insider activity at AEP includes several executives selling shares in early May 2026, with analysts maintaining a 'buy' rating and setting price targets up to $148.
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Metlife Investment Management has reduced its position in American Electric Power Company, Inc. (NasdaqGS: AEP). In its latest Form 13F filing with the SEC, the firm reported trimming its stake by 2,031 shares, or 1.6%, bringing its total holdings to 126,279 shares valued at approximately $16.7 million as of the reporting period.
Metlife Investment Management vs. the S&P 500
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What Changed in Metlife Investment Management's American Electric Power Position
Metlife Investment Management decreased its holdings in American Electric Power by 1.6%, selling 2,031 shares. This adjustment brought its total to 126,279 shares, down from 128,310 shares. The value of this holding was reported to be about $16.7 million.
Other Institutional Activity in American Electric Power
In other institutional activity, BlackRock, Inc. increased its holdings in American Electric Power by 1,536,746 shares, ending with 47,797,729 shares worth approximately $6.27 billion, a 3.3% increase. Vanguard Capital Management LLC opened a new position with 35,138,422 shares valued at $4.61 billion. State Street Corp reduced its stake by 149,640 shares, holding 30,288,136 shares valued at about $3.97 billion, a 0.5% decrease. GQG Partners LLC cut back its holdings by 1,876,988 shares, now holding 15,025,884 shares worth around $1.97 billion, representing an 11.1% decrease.
American Electric Power Company, Inc. Stock Up 12.7%
Shares of NasdaqGS:AEP traded near $132.55 on Wednesday. American Electric Power has a market cap of approximately $70.9 billion, with a P/E ratio of 19.3 and a forward P/E of 19.0. The stock's beta is 0.518, indicating lower volatility compared to the broader market. Its 52-week range is between $101.15 and $139.44, with a 50-day moving average of $131.07 and a 200-day moving average of $122.89. The company has a current ratio of 0.526 and a quick ratio of 0.294, with a debt-to-equity ratio of 157.099.
$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 revenue growth rate of 10.2%. The company achieved a net margin of 16.3% and a return on equity of 12.6%. Earnings per share stood at $6.75. The next earnings release 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
American Electric Power 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.
In recent insider transactions, several executives sold shares on May 1, 2026. Greg Hall, Executive Vice President, sold 4,306 shares; Kate Dixon, Controller and CAO, sold 636 shares; and Douglas Cannon, President of AEP Transmission, sold 1,770 shares, all at an average price of $136.91. Earlier, on March 10, 2026, CEO and President William Fehrman sold 45 shares at $132.31 but also purchased 96 shares on the same day.
Analysts Set New Price Targets
On June 18, 2026, Ladenburg Thalmann maintained its 'buy' rating for AEP with a price target of $143. Truist Securities also maintained a 'buy' rating on May 29, 2026, setting a target of $145. TD Cowen kept a 'buy' rating with a $148 target on May 15, 2026. The consensus among 21 analysts is a 'buy' with an average target price of $144.10.
About American Electric Power
American Electric Power Company, Inc. is a major electric utility holding company based in Columbus, Ohio. It operates in the generation, transmission, and distribution of electricity across the United States. The company serves both retail and wholesale customers and is involved in energy trading and marketing. AEP's diverse energy portfolio includes coal, nuclear, natural gas, and renewables, with significant investments in transmission infrastructure. Led by CEO William J. Fehrman, AEP employs over 17,500 people.
Bottom Line
Metlife Investment Management's decision to trim its stake in American Electric Power reflects a modest adjustment in its portfolio. Investors often monitor such filings to gauge institutional sentiment, though it's important to remember that these reports are backward-looking and might not reflect current positions. As AEP continues to attract analyst attention with maintained 'buy' ratings, its performance and strategic moves remain in focus for market watchers.
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