Zions Bancorporation reduced its AEP stake by 3% in Q2, while AEP reported a Q2 revenue of $4.60 billion and announced a $0.88 quarterly dividend.

Zions Bancorporation reduced its stake in American Electric Power (AEP) by 3% in Q2, now owning 69,770 shares. AEP reported Q2 earnings of $1.25 per share on revenue of $4.60 billion, surpassing estimates. Analysts have varied price targets, with an average rating of "Hold" and a consensus target of $95.15. AEP has a market cap of $54.29 billion and announced a quarterly dividend of $0.88, yielding 3.42%.

September 13, 2024
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