Verition Fund Management 13F: Cuts AEP Stake by $12M
Verition Fund Management trimmed its holdings in American Electric Power Company, Inc. during the recent reporting period.
Reviewed by automated data checks against the source filing. How we make and check alerts
Verition Fund Management sold 84,731 shares from its stake in American Electric Power Company, Inc. ($AEP), a 26.32% decrease, according to a 13F filing with the SEC dated May 15, 2026. It reported 237,186 shares worth $32.70 million at the end of the quarter.
Since the filing, $AEP is up 5.2% after 1 week, up 3.3% after 1 month and up 2.4% to date (from the $124.20 close on May 15, 2026).
Find the original: Verition Fund Management 13F filings on SEC EDGAR
AEP
American Electric Power Company, Inc.
Key Points
- Verition Fund Management reduced its American Electric Power Company, Inc. position by 26.3%, selling 84,731 shares to end with 237,186 shares valued at about $32.7 million.
- American Electric Power Company, Inc. trades near $137.86, sitting below its 52-week high of $140.58 with a P/E ratio of 20.8.
- Analyst coverage includes Keybanc upgrading the stock to Overweight with a $133.00 price target on October 13, 2026.
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Verition Fund Management Cuts American Electric Power Stake
Verition Fund Management reduced its holdings in American Electric Power Company, Inc. (NasdaqGS: AEP) during the quarter ended March 31, 2026, according to a Form 13F filing with the U.S. Securities and Exchange Commission. The filing reflects holdings as of that date and may not represent the investor's current position.
Details of the Reduction
The fund trimmed its position by 84,731 shares, marking a 26.3% decrease from the previous quarter. Verition ended the period with 237,186 shares of the utility company. The reported value of the remaining stake sat at approximately $32.7 million.
American Electric Power Stock Performance
The stock traded around $137.86 ahead of the report, moving within a 52-week range of $106.78 and $140.58. The company carries a market capitalization of roughly $65.3 billion and a P/E ratio of 20.8 based on trailing earnings of $5.77 per share. Its forward P/E ratio stands at 17.5.
Recent Earnings Results
For its recent reporting period, American Electric Power posted annual revenue of $22.8 billion with a 7.0% revenue growth rate. The utility holding company generated a net profit margin of 13.8% and a return on equity of 10.1%. Its next quarterly earnings release is scheduled for October 29, 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 Payments
The company maintains an annual dividend rate of $3.80 per share, delivering a dividend yield of 3.2%. This payout represents 65.5% of the company's earnings.
Analysts Set New Price Targets
Wall Street firms have adjusted their views on the stock across recent months. On August 17, 2026, Truist Securities maintained its Buy rating while lowering its price target from $146.00 to $139.00. Morgan Stanley kept an Overweight rating on August 21, 2026, adjusting its target from $139.00 to $135.00, and followed up on September 18, 2026, by moving the target to $128.00. Barclays maintained an Equal-Weight rating on October 12, 2026, lowering its target from $129.00 to $120.00. Shortly after, on October 13, 2026, Keybanc upgraded the stock to Overweight with a $133.00 price target. The stock currently holds a consensus recommendation of buy with a mean price target of $143.23 across 20 analyst opinions.
About American Electric Power Company, Inc.
American Electric Power Company operates as an electric public utility holding company based in Columbus, Ohio. It manages power generation, transmission, and distribution systems serving retail and wholesale customers across multiple U.S. regions through vertically integrated and transmission-focused utility segments.
What to Watch at American Electric Power Company, Inc.
Investors tracking institutional interest in American Electric Power should watch for upcoming 13F filings to see how major funds adjust their positions. The company's next earnings report on October 29, 2026, will offer fresh details on operational performance and financial health.
Related Filing Alerts
Source: Verition Fund Management's 13F filing on $AEP (May 15, 2026). 13F filings show holdings as of the end of the reporting quarter and may not reflect the fund's current position. Find the original filing: Verition Fund Management 13F filings on SEC EDGAR. Written by software, not financial advice. How we make alerts