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California Public Employees Retirement System Trims Stake in American Electric Power Company, Inc. $AEP
The California Public Employees Retirement System recently reduced its stake in American Electric Power Company, Inc. (NASDAQ:AEP) by 17.7% in the third quarter, selling 355,070 shares and now owning 1,653,527 shares valued at $186 million. Despite this, other institutional investors have slightly increased their holdings. American Electric Power announced a quarterly dividend and analysts have issued a “Moderate Buy” rating with a consensus price target of $135.90.