American Electric Power Company, Inc. (AEP) Company Bio
American Electric Power engages in the generation, transmission, and distribution of electricity for sale to retail and wholesale customers in 11 states. In addition, the company also transports liquid, coal and dry bulk commodities. The company was founded in 1906 and is based in Columbus, Ohio.
Utilities are synonymous with dividend payments, not necessarily as high as certain financials or energy plays, but more consistent. Moreover, no matter how well individual stocks perform, perceiving regular quarterly distributions through the Utilities Select Sector SPDR ETF (XLU) makes sense in this turbulent market. Figure 1: Top ten holdings...
Chetan Woodun on Seeking Alpha | December 26, 2020
Hedge funds and large money managers usually invest with a focus on the long-term horizon and, therefore, short-lived dips or bumps on the charts usually don’t make them change their opinion towards a company. This time it may be different. The coronavirus pandemic destroyed the high correlations among major industries and asset classes. We are […]