DAVENPORT & Co LLC Reduces Holdings in American Electric Power

Investment firm cuts stake in major utility company

Mar. 27, 2026 at 8:06am

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DAVENPORT & Co LLC, an investment management firm, has decreased its position in shares of American Electric Power Company, Inc. (AEP) by 14% in the fourth quarter, according to a recent SEC filing. The firm now owns 51,841 shares of the company's stock, valued at $5.98 million.

Why it matters

This reduction in holdings by a major institutional investor could signal a shift in sentiment around American Electric Power, one of the largest regulated utility companies in the United States. Investors will be watching to see if other firms follow suit or if DAVENPORT's move is an isolated incident.

The details

According to the 13F filing, DAVENPORT & Co LLC sold 8,418 shares of AEP during the fourth quarter, reducing its total position to 51,841 shares. American Electric Power is a major electric utility that generates, transmits and distributes electricity to retail customers in 11 states. The company has been focused on transitioning its generation fleet to include more renewable energy sources.

  • The reduction in holdings occurred during the fourth quarter of 2025.

The players

DAVENPORT & Co LLC

An investment management firm that has reduced its stake in American Electric Power Company, Inc.

American Electric Power Company, Inc.

A major investor-owned electric utility company headquartered in Columbus, Ohio that generates, transmits and distributes electricity to retail customers in 11 states.

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The takeaway

This reduction in holdings by DAVENPORT & Co LLC could signal a shift in sentiment around American Electric Power, one of the largest regulated utility companies in the U.S. Investors will be watching to see if other institutional investors follow suit or if this is an isolated incident.