Cordasco Financial Network Lowers stake in American Electric Power Company Inc (AEP)

American Electric Power Company Inc (AEP) : Cordasco Financial Network reduced its stake in American Electric Power Company Inc by 7.43% during the most recent quarter end. The investment management company now holds a total of 15,740 shares of American Electric Power Company Inc which is valued at $1,083,856 after selling 1,263 shares in American Electric Power Company Inc , the firm said in a disclosure report filed with the SEC on Jul 25, 2016.American Electric Power Company Inc makes up approximately 1.21% of Cordasco Financial Network’s portfolio.

Other Hedge Funds, Including , Butensky Cohen Financial Security Inc boosted its stake in AEP in the latest quarter, The investment management firm added 38 additional shares and now holds a total of 170 shares of American Electric Power Company Inc which is valued at $11,706. American Electric Power Company Inc makes up approx 0.01% of Butensky Cohen Financial Security Inc’s portfolio.Commonwealth Financial Services boosted its stake in AEP in the latest quarter, The investment management firm added 83 additional shares and now holds a total of 159 shares of American Electric Power Company Inc which is valued at $11,140. American Electric Power Company Inc makes up approx 0.01% of Commonwealth Financial Services’s portfolio. Mechanics Bank Trust Department added AEP to its portfolio by purchasing 3,305 company shares during the most recent quarter which is valued at $229,202. American Electric Power Company Inc makes up approx 0.08% of Mechanics Bank Trust Department’s portfolio.F&v Capital Management reduced its stake in AEP by selling 930 shares or 1.24% in the most recent quarter. The Hedge Fund company now holds 74,365 shares of AEP which is valued at $5,258,349. American Electric Power Company Inc makes up approx 3.84% of F&v Capital Management’s portfolio.Curian Capital reduced its stake in AEP by selling 52,116 shares or 67.81% in the most recent quarter. The Hedge Fund company now holds 24,741 shares of AEP which is valued at $1,749,436. American Electric Power Company Inc makes up approx 0.12% of Curian Capital’s portfolio.

American Electric Power Company Inc opened for trading at $68.84 and hit $69.56 on the upside on Friday, eventually ending the session at $69.3, with a gain of 0.55% or 0.38 points. The heightened volatility saw the trading volume jump to 24,90,159 shares. Company has a market cap of $34,048 M.

On the company’s financial health, American Electric Power Company Inc reported $0.95 EPS for the quarter, beating the analyst consensus estimate by $ 0.05 according to the earnings call on Jul 28, 2016. Analyst had a consensus of $0.90. The company had revenue of $3900.00 million for the quarter, compared to analysts expectations of $3981.30 million. The company’s revenue was up 2.6% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.88 EPS.

Many Wall Street Analysts have commented on American Electric Power Company Inc. American Electric Power Company Inc was Upgraded by Goldman to ” Buy” on Jul 26, 2016.

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.

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