Bank of America 13F: Cuts AEP Stake by $96M

Bank of America Adjusts Holdings in American Electric Power

Bank of America lowered its investment in American Electric Power Company, Inc. (NasdaqGS: AEP) during the period, according to a Form 13F filing submitted to the Securities and Exchange Commission. The major financial institution cut its position by 746,369 shares, which translated to a 12.6% reduction from its prior count. Because these regulatory filings look backward at past holdings, the snapshot may not reflect the firm's exact share count today.

Reduction Details and Portfolio Changes

Prior to the adjustment, Bank of America held 5,908,871 shares of the utility provider. The sale of 746,369 shares brought its ending stake down to 5,162,502 shares. Based on market values around the end of the reporting window, the remaining position carried a value of roughly $663.3 million. This large banking firm regularly adjusts its vast equity portfolio across the utilities sector, where stable cash flows often attract institutional capital.

Stock Performance and Recent Trading

Shares of American Electric Power recently traded around $128.48. That price sits very close to the company's 50-day moving average of $126.41 and its 200-day moving average of $126.92. Over the past year, the equity has moved between a low of $106.78 and a high of $140.58. The company has a trailing price-to-earnings ratio of 20.8 and a forward price-to-earnings ratio of 17.5.

Dividend Profile for Shareholders

Income-focused investors tracking American Electric Power note that the firm pays an annual dividend rate of $3.80 per share. This distribution provides a dividend yield of 3.17% based on current trading levels. The payout is supported by a dividend payout ratio of 65.5%, meaning the company returns roughly two-thirds of its earnings to shareholders in cash.

Analysts Set New Price Targets

Research firms have kept a close eye on the utility operator through recent months. On October 13, 2026, KeyBanc upgraded the stock to an Overweight rating with a $133.00 price target. Earlier on October 12, 2026, Barclays maintained its Equal-Weight rating while lowering its target to $120.00 from $129.00. Morgan Stanley also kept an Overweight rating on September 18, 2026, setting a target of $128.00. Overall, analysts maintain a consensus buy rating on the stock with a mean price target of $143.23.

Utility Operations in Columbus

Headquartered in Columbus, Ohio, American Electric Power operates as a major public utility holding company. The enterprise generates, transmits, and distributes electricity to retail and wholesale customers across various parts of the United States. Its operations span vertically integrated utilities, transmission networks, and generation assets powered by a mix of traditional and renewable sources.

What to Watch at AEP

Investors can look ahead to the company's next earnings report, which is scheduled for release on October 29, 2026. Future SEC filings from major banks and institutional managers will reveal whether other large holders are following Bank of America's lead in trimming utility exposure.