AMERICAN ELEC PWR CO INC AEP
COM · Common Stock · CUSIP 025537101 · ISIN US0255371017
Electric utility company in the United States
* Summed across managers. Shares that two managers' reports both contain – a subsidiary's holdings that its parent's report includes too, or a sub-adviser's in its client's – are counted once ($411.8m this quarter). Holder counts are more reliable. Shares outstanding: 540.9m as of 2025-12-31, from the company's own SEC filing; the percentage can still exceed 100%: lent-out shares are counted by the lender and the buyer, and some reports overlap without saying so. Implied quarter-end price ≈ $115.27. Options: 35 managers hold calls ($538.0m notional), 25 hold puts ($305.7m).
Trends to Q4 2025
Institutional holders
Managers reporting a position, each quarter
Numbers
| Quarter | Holders |
|---|---|
| Q3 2022 | 1,338 |
| Q4 2022 | 1,387 |
| Q1 2023 | 1,356 |
| Q2 2023 | 1,310 |
| Q3 2023 | 1,281 |
| Q4 2023 | 1,352 |
| Q1 2024 | 1,354 |
| Q2 2024 | 1,425 |
| Q3 2024 | 1,497 |
| Q4 2024 | 1,525 |
| Q1 2025 | 1,672 |
| Q2 2025 | 1,638 |
| Q3 2025 | 1,717 |
| Q4 2025 | 1,859 |
Buyers vs sellers
Managers adding to or starting a position, vs cutting or selling out
Numbers
| Quarter | Bought or added | Cut or sold out |
|---|---|---|
| Q1 2024 | 656 | 585 |
| Q2 2024 | 681 | 550 |
| Q3 2024 | 700 | 596 |
| Q4 2024 | 678 | 656 |
| Q1 2025 | 904 | 549 |
| Q2 2025 | 800 | 648 |
| Q3 2025 | 898 | 559 |
| Q4 2025 | 910 | 616 |
Calls vs puts
Options held, notional value, last 4 quarters. P/C = puts ÷ calls
Numbers
| Quarter | Calls | Puts | P/C |
|---|---|---|---|
| Q1 2025 | $495.3m | $215.5m | 0.44 |
| Q2 2025 | $561.9m | $151.3m | 0.27 |
| Q3 2025 | $536.9m | $200.9m | 0.37 |
| Q4 2025 | $538.0m | $305.7m | 0.57 |
Biggest buyers
| Invesco Ltd. | Added | +12.3m |
| AMERIPRISE FINANCIAL INC | Added | +2.0m |
| Assenagon Asset Management S.A. | Added | +1.5m |
| STATE STREET CORP | Added | +1.5m |
| MILLENNIUM MANAGEMENT LLC | Added | +1.2m |
| HSBC HOLDINGS PLC | Added | +1.1m |
| FMR LLC | Added | +1.1m |
| VICTORY CAPITAL MANAGEMENT INC | Added | +937.3k |
| Pictet Asset Management Holding SA | Added | +927.1k |
| VANGUARD GROUP INC | Added | +828.6k |
Biggest sellers
| JPMORGAN CHASE & CO | Reduced | -3.2m |
| GQG Partners LLC | Reduced | -2.0m |
| WELLINGTON MANAGEMENT GROUP LLP | Reduced | -2.0m |
| MARSHALL WACE, LLP | Reduced | -1.8m |
| TWO SIGMA INVESTMENTS, LP | Reduced | -1.5m |
| Soroban Capital Partners LP | Reduced | -1.4m |
| Amundi | Reduced | -1.2m |
| CANADA PENSION PLAN INVESTMENT BOARD | Reduced | -1.1m |
| FEDERATED HERMES, INC. | Reduced | -1.0m |
| Point72 Asset Management, L.P. | Sold out | -993.4k |
Biggest calls
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Reduced | $99.1m859.7k shares |
| PEAK6 LLC | Added | $91.0m789.6k shares |
| JANE STREET GROUP, LLC | Reduced | $69.2m600.2k shares |
| CITADEL ADVISORS LLC | Reduced | $47.8m414.2k shares |
| BNP PARIBAS FINANCIAL MARKETS | Added | $38.4m3.3k shares |
| UBS Group AG | Reduced | $35.0m303.8k shares |
| IMC-Chicago, LLC | Added | $23.3m202.3k shares |
| MILLENNIUM MANAGEMENT LLC | Added | $20.0m173.2k shares |
| GOLDMAN SACHS GROUP INC | New | $16.0m138.4k shares |
| Twin Tree Management, LP | Reduced | $12.5m108.2k shares |
Biggest puts
| CITIGROUP INC | Added | $64.6m560.0k shares |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Added | $59.7m517.8k shares |
| GOLDMAN SACHS GROUP INC | New | $43.9m381.0k shares |
| CITADEL ADVISORS LLC | Added | $30.3m262.5k shares |
| UBS Group AG | Added | $16.4m142.4k shares |
| Verition Fund Management LLC | Added | $13.2m114.1k shares |
| BNP PARIBAS FINANCIAL MARKETS | Unchanged | $10.2m882 shares |
| IMC-Chicago, LLC | Reduced | $9.6m83.3k shares |
| Walleye Capital LLC | Added | $8.3m71.8k shares |
| Qube Research & Technologies Ltd | Reduced | $8.1m70.1k shares |
Options at notional value: the value of the shares the contracts control, as filers report them, not what the options cost. Not included in the holders, shares or buying above.
Major shareholders (over 5%)
Anyone who owns more than 5% of a class of the company's shares has to say so: on Schedule 13D if they may try to influence or control the company, on 13G if they're a passive investor, and update it as the stake changes. Each holder's latest filing, from 19 Dec 2024 on; percentages are of the share class, as the holder worked them out.
| Holder | Stake |
|---|---|
| VANGUARD CAPITAL MANAGEMENT LLC 13G · institution new · filed 2026-04-29 | 7.5% |
| BlackRock, Inc. 13G · institution filed 2025-04-17 | 7.5% |
Fell to 5% or below in the last year: VANGUARD GROUP INC (0.0%, 2026-03-26; now reported by VANGUARD CAPITAL MANAGEMENT LLC)
Insider purchases and sales in Q4 2025
Shares bought or sold by the company's own officers, directors and 10% owners, in the open market or privately, as they reported to the SEC on Form 4 (due within two business days of the trade). Grants, option exercises, shares withheld for tax and gifts aren't included.
Officers and directors buying vs selling
Number of people, by quarter (10% owners not included)
Numbers
| Quarter | Buying | Bought | Selling | Sold | Sold under a plan |
|---|---|---|---|---|---|
| Q1 2024 | 0 | — | 0 | — | — |
| Q2 2024 | 0 | — | 2 | $959.7k | $959.7k |
| Q3 2024 | 0 | — | 0 | — | — |
| Q4 2024 | 0 | — | 0 | — | — |
| Q1 2025 | 0 | — | 0 | — | — |
| Q2 2025 | 0 | — | 2 | $3.5m | $3.5m |
| Q3 2025 | 0 | — | 2 | $1.5m | $1.5m |
| Q4 2025 | 0 | — | 2 | $1.9m | $1.9m |
| Date | Insider | Trade | Value |
|---|---|---|---|
| 2025-12-12 | FOWKE BENJAMIN G S III Director | Sold plan | $575.4k5.0k shares |
| 2025-11-14 | FOWKE BENJAMIN G S III Director | Sold plan | $607.9k5.0k shares |
| 2025-10-10 | FOWKE BENJAMIN G S III Director | Sold plan | $587.6k5.0k shares |
| 2025-10-02 | Ferneau Kelly J Executive Vice President | Sold plan | $112.7k1.0k shares |
Their holding: how much the trade added to or took from the insider's holding (direct, or the trust or fund named). The same trade is sometimes reported by more than one insider, such as a fund and the director who represents it; totals count it once. A value is left blank where the reported price is far from the market price (usually a typo).
Holders, Q4 2025
| Manager | Shares | Change |
|---|---|---|
| VANGUARD GROUP INC 0.09% of their portfolio | 52.5m $6.1bn | Added +828.6k |
| BlackRock, Inc. 0.09% of their portfolio | 46.3m $5.3bn | Added +371.9k |
| STATE STREET CORP 0.12% of their portfolio | 30.4m $3.5bn | Added +1.5m |
| Invesco Ltd. 0.21% of their portfolio | 19.7m $2.3bn | Added +12.3m |
| GQG Partners LLC 3.21% of their portfolio | 16.9m $1.9bn | Reduced -2.0m |
| MORGAN STANLEY 0.10% of their portfolio | 14.7m $1.7bn | Added +271.9k |
| WELLINGTON MANAGEMENT GROUP LLP 0.30% of their portfolio | 14.6m $1.7bn | Reduced -2.0m |
| GEODE CAPITAL MANAGEMENT, LLC 0.10% of their portfolio | 13.8m $1.6bn | Added +83.3k |
| BARCLAYS PLC 0.49% of their portfolio | 10.6m $1.2bn | Added +57.9k |
| Dodge & Cox 0.58% of their portfolio | 9.3m $1.1bn | Reduced -181.0k |
| AMERIPRISE FINANCIAL INC 0.21% of their portfolio | 8.1m $930.2m | Added +2.0m |
| ROYAL BANK OF CANADA 0.13% of their portfolio | 6.4m $742.7m | Reduced -459.7k |
| VICTORY CAPITAL MANAGEMENT INC 0.41% of their portfolio | 6.3m $728.4m | Added +937.3k |
| BANK OF AMERICA CORP /DE/ 0.05% of their portfolio | 5.9m $681.4m | Added +56.4k |
| Nuveen, LLC 0.17% of their portfolio | 5.8m $666.1m | Added +139.6k |
| ALLIANCEBERNSTEIN L.P. 0.20% of their portfolio | 5.5m $631.2m | Added +249.8k |
| Legal & General Group Plc 0.13% of their portfolio | 5.0m $572.9m | Reduced -160.7k |
| FMR LLC 0.03% of their portfolio | 4.9m $565.7m | Added +1.1m |
| NORTHERN TRUST CORP 0.07% of their portfolio | 4.7m $539.0m | Reduced -73.3k |
| Allspring Global Investments Holdings, LLC 0.87% of their portfolio | 4.6m $534.6m | Reduced -67.8k |
| MASSACHUSETTS FINANCIAL SERVICES CO /MA/ 0.17% of their portfolio | 4.5m $519.8m | Reduced -124.1k |
| WELLS FARGO & COMPANY/MN 0.09% of their portfolio | 4.2m $480.1m | Reduced -160.0k |
| GOLDMAN SACHS GROUP INC 0.07% of their portfolio | 4.0m $466.0m | Added +388.7k |
| Bank of New York Mellon Corp 0.07% of their portfolio | 3.6m $420.5m | Reduced -7.5k |
| CHARLES SCHWAB INVESTMENT MANAGEMENT INC 0.06% of their portfolio | 3.4m $392.7m | Added +27.9k |
| ENVESTNET ASSET MANAGEMENT INC 0.11% of their portfolio | 3.2m $371.3m | Reduced -139.8k |
| CITIGROUP INC 0.24% of their portfolio | 3.1m $357.9m | Reduced -145.0k |
| UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC 0.07% of their portfolio | 2.9m $334.0m | Added +623.3k |
| RAYMOND JAMES FINANCIAL INC 0.10% of their portfolio | 2.9m $333.2m | Reduced -368.8k |
| FEDERATED HERMES, INC. 0.54% of their portfolio | 2.8m $325.1m | Reduced -1.0m |
| Soroban Capital Partners LP 2.11% of their portfolio | 2.6m $288.7m | Reduced -1.4m |
| Amundi 0.08% of their portfolio | 2.4m $278.9m | Reduced -1.2m |
| JPMORGAN CHASE & CO 0.02% of their portfolio | 2.4m $277.5m | Reduced -3.2m |
| UBS Group AG 0.05% of their portfolio | 2.2m $259.2m | Reduced -812.0k |
| HSBC HOLDINGS PLC 0.07% of their portfolio | 2.1m $244.9m | Added +1.1m |
| AQR CAPITAL MANAGEMENT LLC 0.13% of their portfolio | 2.1m $244.2m | Reduced -468.2k |
| Mitsubishi UFJ Trust & Banking Corp 0.57% of their portfolio | 2.1m $241.9m | Reduced -136.4k |
| BANK OF MONTREAL /CAN/ 0.10% of their portfolio | 2.1m $237.0m | Added +21.3k |
| HighTower Advisors, LLC 0.25% of their portfolio | 2.0m $227.8m | Reduced -522 |
| Assenagon Asset Management S.A. 0.34% of their portfolio | 2.0m $225.7m | Added +1.5m |
| National Pension Service 0.17% of their portfolio | 1.9m $224.1m | Added +24.4k |
| California Public Employees Retirement System 0.12% of their portfolio | 1.9m $215.6m | Added +216.6k |
| ANTIPODES PARTNERS Ltd 4.43% of their portfolio | 1.8m $210.9m | Reduced -347.1k |
| DIMENSIONAL FUND ADVISORS LP 0.04% of their portfolio | 1.8m $203.4m | Added +50.3k |
| FIRST TRUST ADVISORS LP 0.15% of their portfolio | 1.8m $202.5m | Reduced -214.5k |
| BESSEMER GROUP INC 0.29% of their portfolio | 1.7m $190.6m | Reduced -506.8k |
| DEUTSCHE BANK AG\ 0.06% of their portfolio | 1.6m $181.9m | Added +541.7k |
| Capital Research Global Investors 0.03% of their portfolio | 1.5m $170.9m | Added +10.1k |
| Swiss National Bank 0.10% of their portfolio | 1.5m $169.0m | Reduced -74.3k |
| Sumitomo Mitsui Trust Group, Inc. 0.10% of their portfolio | 1.4m $164.3m | Reduced -33.8k |
| MILLENNIUM MANAGEMENT LLC 0.11% of their portfolio | 1.4m $159.4m | Added +1.2m |
| FRANKLIN RESOURCES INC 0.04% of their portfolio | 1.4m $158.4m | Added +54.0k |
| Russell Investments Group, Ltd. 0.16% of their portfolio | 1.3m $147.1m | Added +45.8k |
| LPL Financial LLC 0.04% of their portfolio | 1.3m $146.7m | Reduced -64.6k |
| ICAHN CARL C 1.65% of their portfolio | 1.2m $139.0m | Unchanged |
| Chevy Chase Trust Holdings, LLC 0.37% of their portfolio | 1.2m $136.5m | Added +4.4k |
| Pictet Asset Management Holding SA 0.13% of their portfolio | 1.2m $135.5m | Added +927.1k |
| JOHNSON INVESTMENT COUNSEL INC 1.10% of their portfolio | 1.2m $135.0m | Reduced -1.0k |
| HUNTINGTON NATIONAL BANK 0.81% of their portfolio | 1.2m $134.6m | Added +28.4k |
| Mitsubishi UFJ Asset Management Co., Ltd. 0.09% of their portfolio | 1.2m $135.2m | Added +53.3k |
| PRUDENTIAL FINANCIAL INC 0.16% of their portfolio | 1.2m $133.3m | Added +135.5k |
| MANUFACTURERS LIFE INSURANCE COMPANY, THE 0.10% of their portfolio | 1.1m $127.8m | Added +324.9k |
| COMMONWEALTH OF PENNSYLVANIA PUBLIC SCHOOL EMPLS RETRMT SYS 0.62% of their portfolio | 1.1m $121.8m | Reduced -3.9k |
| CRAWFORD INVESTMENT COUNSEL INC 1.97% of their portfolio | 1.0m $118.6m | Reduced -18.6k |
| SEI INVESTMENTS CO 0.11% of their portfolio | 1.0m $116.4m | Added +447.2k |
| STIFEL FINANCIAL CORP 0.10% of their portfolio | 1.0m $116.3m | Added +14.6k |
| Mawer Investment Management Ltd. 0.63% of their portfolio | 976.8k $112.6m | Reduced -58.4k |
| BNP PARIBAS FINANCIAL MARKETS 0.07% of their portfolio | 935.1k $107.8m | Added +263.1k |
| ProShare Advisors LLC 0.19% of their portfolio | 934.7k $107.8m | Added +257.9k |
| Epoch Investment Partners, Inc. 0.59% of their portfolio | 901.3k $103.9m | Added +144.6k |
| FERGUSON WELLMAN CAPITAL MANAGEMENT, INC 1.64% of their portfolio | 886.6k $102.2m | Added +35.3k |
| RHUMBLINE ADVISERS 0.08% of their portfolio | 874.7k $100.9m | Reduced -14.8k |
| NOMURA ASSET MANAGEMENT INTERNATIONAL INC. 0.15% of their portfolio | 858.6k $99.0m | First filing |
| Empower Advisory Group, LLC 0.26% of their portfolio | 822.5k $94.8m | Reduced -19.3k |
| Energy Income Partners, LLC 1.66% of their portfolio | 792.6k $91.4m | Reduced -299.3k |
| ZACKS INVESTMENT MANAGEMENT 0.72% of their portfolio | 790.8k $91.2m | Added +11.9k |
| PRICE T ROWE ASSOCIATES INC /MD/ 0.01% of their portfolio | 779.0k $89.8m | Added +1.6k |
| DUFF & PHELPS INVESTMENT MANAGEMENT CO 1.00% of their portfolio | 762.2k $87.9m | Unchanged |
| COMMERCE BANK 0.44% of their portfolio | 688.9k $79.4m | Added +30.1k |
| M&T Bank Corp 0.25% of their portfolio | 681.8k $78.6m | Added +14.6k |
| PRINCIPAL FINANCIAL GROUP INC 0.04% of their portfolio | 674.0k $77.7m | Added +24.2k |
| Baird Financial Group, Inc. 0.12% of their portfolio | 651.8k $75.2m | Added +4.2k |
| First Financial Bankshares Inc 1.50% of their portfolio | 646.1k $74.5m | Added +13.0k |
| Alpha Cubed Investments, LLC 2.54% of their portfolio | 644.4k $74.3m | Reduced -21.2k |
| CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM 0.07% of their portfolio | 638.2k $73.6m | Reduced -6.4k |
| CITADEL ADVISORS LLC 0.05% of their portfolio | 636.9k $73.4m | Added +21.1k |
| NEUBERGER BERMAN GROUP LLC 0.05% of their portfolio | 605.2k $69.8m | Added +9.7k |
| GABELLI FUNDS LLC 0.47% of their portfolio | 601.8k $69.4m | Reduced -7.6k |
| WORLDQUANT MILLENNIUM ADVISORS LLC 0.26% of their portfolio | 578.1k $66.7m | Reduced -268.2k |
| MACQUARIE GROUP LTD 0.29% of their portfolio | 573.9k $66.2m | Reduced -913.0k |
| ACADIAN ASSET MANAGEMENT LLC 0.11% of their portfolio | 572.9k $66.0m | Added +355.9k |
| STRS OHIO 0.24% of their portfolio | 553.2k $63.8m | Reduced -4.9k |
| Qube Research & Technologies Ltd 0.09% of their portfolio | 539.1k $62.2m | Reduced -811.4k |
| Mariner, LLC 0.07% of their portfolio | 530.9k $61.2m | Added +22.1k |
| NEW YORK STATE COMMON RETIREMENT FUND 0.08% of their portfolio | 509.7k $58.8m | Reduced -5.0k |
| JENNISON ASSOCIATES LLC 0.03% of their portfolio | 503.7k $58.1m | Reduced -10.5k |
| Aventail Capital Group, LP 3.26% of their portfolio | 491.3k $56.7m | New |
| PNC Financial Services Group, Inc. 0.03% of their portfolio | 481.5k $55.5m | Reduced -19.3k |
| VAUGHAN DAVID INVESTMENTS LLC/IL 1.19% of their portfolio | 475.9k $54.9m | Reduced -2.1k |
| NEW YORK STATE TEACHERS RETIREMENT SYSTEM 0.11% of their portfolio | 474.4k $54.7m | Added +3.4k |