American Electric Power Company, Inc. (NASDAQ:AEPPZ – Get Rating) was the recipient of a large decrease in short interest during the month of January. As of January 31st, there was short interest totalling 1,290,000 shares, a decrease of 29.9% from the January 15th total of 1,840,000 shares. Based on an average trading volume of 100,200 shares, the short-interest ratio is presently 12.9 days.
Hedge Funds Weigh In On American Electric Power
Large investors have recently bought and sold shares of the company. Citigroup Inc. acquired a new position in shares of American Electric Power during the fourth quarter worth about $84,000. UBS Group AG purchased a new position in shares of American Electric Power during the 4th quarter worth approximately $126,000. CWM LLC acquired a new stake in shares of American Electric Power in the 4th quarter valued at approximately $210,000. Calamos Wealth Management LLC boosted its stake in shares of American Electric Power by 28.5% in the fourth quarter. Calamos Wealth Management LLC now owns 15,908 shares of the company's stock valued at $821,000 after buying an additional 3,525 shares in the last quarter. Finally, Meritage Portfolio Management grew its holdings in American Electric Power by 4.3% during the fourth quarter. Meritage Portfolio Management now owns 66,545 shares of the company's stock worth $3,432,000 after acquiring an additional 2,763 shares during the period.
Get American Electric Power alerts:American Electric Power Stock Performance
Shares of AEPPZ stock opened at $50.17 on Tuesday. American Electric Power has a twelve month low of $47.58 and a twelve month high of $58.65.
American Electric Power Announces Dividend
The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, February 15th. Investors of record on Tuesday, February 14th will be given a $0.7656 dividend. The ex-dividend date is Monday, February 13th. This represents a $3.06 dividend on an annualized basis and a yield of 6.10%.
American Electric Power Company Profile
(Get Rating)
American Electric Power Company, Inc, an electric public utility holding company, engages in the generation, transmission, and distribution of electricity for sale to retail and wholesale customers in the United States. It operates through Vertically Integrated Utilities, Transmission and Distribution Utilities, AEP Transmission Holdco, and Generation & Marketing segments.
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