American Electric Power Company, Inc. (NASDAQ:AEPPZ) Short Interest Update

American Electric Power Company, Inc. (NASDAQ:AEPPZ – Get Rating) was the target of a large drop in short interest in February. As of February 15th, there was short interest totalling 502,900 shares, a drop of 61.0% from the January 31st total of 1,290,000 shares. Based on an average daily volume of 105,400 shares, the short-interest ratio is currently 4.8 days.

Hedge Funds Weigh In On American Electric Power

Hedge funds have recently modified their holdings of the stock. Steward Partners Investment Advisory LLC increased its position in American Electric Power by 12.6% during the fourth quarter. Steward Partners Investment Advisory LLC now owns 17,450 shares of the company’s stock worth $900,000 after acquiring an additional 1,950 shares during the period. UBS Group AG bought a new position in American Electric Power in the 4th quarter valued at $126,000. Citigroup Inc. bought a new position in shares of American Electric Power in the fourth quarter worth about $84,000. Live Oak Investment Partners bought a new position in American Electric Power in the 4th quarter valued at $34,000. Finally, Victory Capital Management Inc. increased its holdings in American Electric Power by 0.9% in the fourth quarter. Victory Capital Management Inc. now owns 1,236,403 shares of the company’s stock valued at $63,679,000 after purchasing an additional 11,434 shares during the last quarter.

American Electric Power Trading Down 0.9 %

Shares of AEPPZ opened at $49.31 on Wednesday. American Electric Power has a 12-month low of $47.58 and a 12-month high of $58.65. The stock’s fifty day moving average price is $51.26.

American Electric Power Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, February 15th. Investors of record on Tuesday, February 14th were issued a $0.7656 dividend. This represents a $3.06 annualized dividend and a yield of 6.21%. The ex-dividend date of this dividend was Monday, February 13th.

About American Electric Power

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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.