American Electric Power Company, Inc. (NASDAQ:AEPPZ – Get Rating) saw a large decrease in short interest during the month of March. As of March 15th, there was short interest totalling 39,000 shares, a decrease of 88.3% from the February 28th total of 334,200 shares. Based on an average daily trading volume, of 174,800 shares, the days-to-cover ratio is presently 0.2 days.
Institutional Inflows and Outflows
A number of hedge funds have recently modified their holdings of the stock. Russell Investments Group Ltd. grew its position in American Electric Power by 13.5% in the fourth quarter. Russell Investments Group Ltd. now owns 4,734,500 shares of the company's stock valued at $4,884,000 after acquiring an additional 562,500 shares during the last quarter. Calamos Advisors LLC grew its position in American Electric Power by 22.7% in the fourth quarter. Calamos Advisors LLC now owns 1,742,344 shares of the company's stock valued at $89,870,000 after acquiring an additional 322,843 shares during the last quarter. Pier 88 Investment Partners LLC grew its position in American Electric Power by 33.9% in the fourth quarter. Pier 88 Investment Partners LLC now owns 235,700 shares of the company's stock valued at $12,157,000 after acquiring an additional 59,700 shares during the last quarter. Jefferies Financial Group Inc. bought a new position in American Electric Power in the fourth quarter valued at about $1,979,000. Finally, Price T Rowe Associates Inc. MD grew its holdings in shares of American Electric Power by 2.4% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 574,103 shares of the company's stock worth $29,741,000 after purchasing an additional 13,314 shares during the last quarter.
Get American Electric Power alerts:American Electric Power Price Performance
Shares of American Electric Power stock opened at $49.58 on Tuesday. The firm's fifty day simple moving average is $50.29. American Electric Power has a 1 year low of $47.58 and a 1 year high of $58.65.
American Electric Power Announces Dividend
The company also recently announced a quarterly dividend, which was paid on Wednesday, February 15th. Stockholders of record on Tuesday, February 14th were issued a dividend of $0.7656 per share. This represents a $3.06 dividend on an annualized basis and a dividend yield of 6.18%. 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.
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