State Street Amends AEP Holdings, Updates 13G/A Filing
Ticker: AEP · Form: SC 13G/A · Filed: Jan 30, 2024 · CIK: 4904
| Field | Detail |
|---|---|
| Company | American Electric Power Co Inc (AEP) |
| Form Type | SC 13G/A |
| Filed Date | Jan 30, 2024 |
| Risk Level | low |
| Sentiment | neutral |
Complexity: simple
Sentiment: neutral
Topics: institutional-ownership, amendment, utility-sector
TL;DR
**State Street just updated its AEP holdings, keep an eye on institutional sentiment.**
AI Summary
State Street Corporation, a major financial institution, filed an amended SC 13G/A on January 30, 2024, indicating its ownership of common stock in American Electric Power Co Inc. This filing updates their previous disclosure, showing their holdings as of December 31, 2023. This matters to investors because State Street is a significant institutional investor, and changes in their holdings can signal shifts in confidence or strategy regarding American Electric Power Co Inc's stock.
Why It Matters
This filing provides transparency into a large institutional investor's stake, which can influence market perception and potentially stock price movements for American Electric Power Co Inc.
Risk Assessment
Risk Level: low — This is a routine update from a large institutional investor and does not inherently signal high risk.
Analyst Insight
Investors should monitor future SC 13G/A filings from State Street Corporation to track any significant changes in their ownership percentage of American Electric Power Co Inc, as this could indicate a shift in institutional confidence.
Key Numbers
- 025537101 — CUSIP Number (identifies the common stock of American Electric Power Co Inc)
- 005-43501 — SEC File Number (identifies American Electric Power Co Inc's registration with the SEC)
- 04-2456637 — IRS Identification No. (identifies State Street Corporation)
Key Players & Entities
- State Street Corporation (company) — the reporting person and institutional investor
- American Electric Power Co Inc (company) — the subject company whose securities are being reported
- 0000093751-24-000456 (dollar_amount) — accession number for the filing
- December 31, 2023 (date) — date of event requiring the filing
Forward-Looking Statements
- State Street Corporation will maintain a significant institutional stake in American Electric Power Co Inc. (State Street Corporation) — high confidence, target: Q1 2025
FAQ
What type of filing is this document?
This document is an SC 13G/A, which is an amendment to a Schedule 13G filing, as stated in the 'FORM TYPE: SC 13G/A' and 'AMENDED FILING' sections.
Who is the reporting person in this filing?
The reporting person is STATE STREET CORPORATION, as clearly indicated under '1. NAME OF REPORTING PERSON: STATE STREET CORPORATION'.
What is the subject company whose securities are being reported?
The subject company is AMERICAN ELECTRIC POWER CO INC, as stated under '(NAME OF ISSUER) AMERICAN ELECTRIC POWER CO INC'.
What is the CUSIP number for the securities mentioned?
The CUSIP number for the common stock is 025537101, as listed under 'CUSIP NUMBER: 025537101'.
What was the date of the event that required this filing?
The date of the event which required the filing of this statement was December 31, 2023, as specified under '12/31/2023 (DATE OF EVENT WHICH REQUIRES FILING OF THIS STATEMENT)'.
Filing Details
This Form SC 13G/A (Form SC 13G/A) was filed with the SEC on January 30, 2024 regarding AMERICAN ELECTRIC POWER CO INC (AEP).