The California Public Employees' Retirement System (CalPERS) reduced its holdings in American Electric Power Company, Inc. (AEP) during the fourth quarter of 2025, according to a recent regulatory filing. The pension fund sold approximately 1.2 million shares, decreasing its stake in the utility giant.
Following the transaction, CalPERS now holds roughly 2.8 million shares of AEP, valued at approximately $230 million based on recent trading prices. The sale represents a routine portfolio adjustment for the fund, which manages assets for over 2 million public employees, retirees, and their families.
American Electric Power, based in Columbus, Ohio, is one of the largest electric utilities in the United States, providing power to millions of customers across 11 states. The company's stock performance and strategic direction are routinely monitored by large institutional investors like CalPERS.
Such portfolio rebalancing by major pension funds is a standard practice and does not necessarily indicate a change in outlook on the company. Other institutional investors may have adjusted their positions in AEP during the same period.
