ProShare Advisors LLC significantly reduced its investment in American Electric Power Company, Inc. (AEP) by 18.6% in the third quarter of the prior year, selling over 154,000 shares but still retaining a substantial holding. Other institutional investors showed mixed activity, with some increasing and others initiating stakes in AEP. The company recently declared a quarterly dividend of $0.95 per share, offering a 3.1% yield, and analysts have a “Moderate Buy” consensus rating for the stock.
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ProShare Advisors LLC Reduces Holdings in American Electric Power Company, Inc. $AEP
ProShare Advisors LLC significantly reduced its investment in American Electric Power Company, Inc. (AEP) by 18.6% in the third quarter of the prior year, selling over 154,000 shares but still retaining a substantial holding. Other institutional investors showed mixed activity, with some increasing and others initiating stakes in AEP. The company recently declared a quarterly dividend of $0.95 per share, offering a 3.1% yield, and analysts have a “Moderate Buy” consensus rating for the stock.