Advisors Management Group Inc Adv Lowers stake in American Electric Power Company Inc (AEP)

American Electric Power Company Inc (AEP) : Advisors Management Group Inc Adv reduced its stake in American Electric Power Company Inc by 0.07% during the most recent quarter end. The investment management company now holds a total of 44,231 shares of American Electric Power Company Inc which is valued at $2.9 Million after selling 29 shares in American Electric Power Company Inc , the firm said in a disclosure report filed with the SEC on May 11, 2016.American Electric Power Company Inc makes up approximately 2.11% of Advisors Management Group Inc Adv’s portfolio.

Other Hedge Funds, Including , Comerica Bank boosted its stake in AEP in the latest quarter, The investment management firm added 31,977 additional shares and now holds a total of 197,324 shares of American Electric Power Company Inc which is valued at $12.9 Million. American Electric Power Company Inc makes up approx 0.12% of Comerica Bank’s portfolio.Wrapmanager Inc boosted its stake in AEP in the latest quarter, The investment management firm added 599 additional shares and now holds a total of 8,859 shares of American Electric Power Company Inc which is valued at $581,239. American Electric Power Company Inc makes up approx 0.26% of Wrapmanager Inc’s portfolio. Haverford Trust Co added AEP to its portfolio by purchasing 322,694 company shares during the most recent quarter which is valued at $21.2 Million. American Electric Power Company Inc makes up approx 0.55% of Haverford Trust Co’s portfolio.Bryn Mawr Trust Co reduced its stake in AEP by selling 60 shares or 1.33% in the most recent quarter. The Hedge Fund company now holds 4,456 shares of AEP which is valued at $287,679. American Electric Power Company Inc makes up approx 0.02% of Bryn Mawr Trust Co’s portfolio.

American Electric Power Company Inc opened for trading at $65.43 and hit $65.97 on the upside on Monday, eventually ending the session at $65.93, with a gain of 0.49% or 0.32 points. The heightened volatility saw the trading volume jump to 23,41,565 shares. Company has a market cap of $32,392 M.

On the company’s financial health, American Electric Power Company Inc reported $1.02 EPS for the quarter, missing the analyst consensus estimate by $ -0.02 based on the information available during the earnings call on Apr 28, 2016. Analyst had a consensus of $1.04. The company had revenue of $4000.00 million for the quarter, compared to analysts expectations of $4494.07 million. The company’s revenue was down -13.0 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $1.28 EPS.

Many Wall Street Analysts have commented on American Electric Power Company Inc. Company shares were Reiterated by Argus on Feb 22, 2016 to “Buy”, Firm has raised the Price Target to $ 67 from a previous price target of $61 .

American Electric Power Company Inc. is a utility holding company. It operates in five segments. The vertically integrated utilities segment generates transmits and distributes electricity through AEP Generating Company Appalachian Power Company Indiana Michigan Power Company Kingsport Power Company Kentucky Power Company Public Service Company of Oklahoma Southwestern Electric Power Company and Wheeling Power Company. The Transmission and Distribution Utilities segment transmits and distributes electricity through Ohio Power Company AEP Texas Central Company and AEP Texas North Company. The Generation & Marketing segment’s subsidiaries consist of nonutility generating assets a wholesale energy trading and marketing business and a retail supply and energy management business. AEP Transmission Holdco is a holding company for AEP’s transmission joint ventures and AEP Transmission Company LLC. The AEP River Operations segment transports liquid coal and dry bulk commodities.

Leave a Reply

American Electric Power Company Inc - Is it time to Sell?

Top Brokerage Firms are advising their investors on American Electric Power Company Inc. Subscribe to MoneyFlowIndex.Org Pre-Market Alerts, You will be the first to know the street buzz.