Laurel Wealth Advisors buys $1,708,137 stake in American Electric Power Company Inc (AEP)

American Electric Power Company Inc (AEP) : Laurel Wealth Advisors scooped up 316 additional shares in American Electric Power Company Inc during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Aug 11, 2016. The investment management firm now holds a total of 25,287 shares of American Electric Power Company Inc which is valued at $1,708,137.American Electric Power Company Inc makes up approximately 0.81% of Laurel Wealth Advisors’s portfolio.

Other Hedge Funds, Including , Apg Asset Management N.v. boosted its stake in AEP in the latest quarter, The investment management firm added 398,824 additional shares and now holds a total of 2,811,038 shares of American Electric Power Company Inc which is valued at $189,885,617. American Electric Power Company Inc makes up approx 0.35% of Apg Asset Management N.v.’s portfolio.Blackrock Fund Advisors boosted its stake in AEP in the latest quarter, The investment management firm added 740,983 additional shares and now holds a total of 10,520,383 shares of American Electric Power Company Inc which is valued at $710,651,872. American Electric Power Company Inc makes up approx 0.15% of Blackrock Fund Advisors’s portfolio. Segall Bryant Hamill added AEP to its portfolio by purchasing 2,953 company shares during the most recent quarter which is valued at $199,475. American Electric Power Company Inc makes up approx 0.01% of Segall Bryant Hamill’s portfolio.Welch Forbes reduced its stake in AEP by selling 92 shares or 2.44% in the most recent quarter. The Hedge Fund company now holds 3,672 shares of AEP which is valued at $251,348. American Electric Power Company Inc makes up approx 0.01% of Welch Forbes’s portfolio. Blue Fin Capital added AEP to its portfolio by purchasing 3,015 company shares during the most recent quarter which is valued at $208,940. American Electric Power Company Inc makes up approx 0.17% of Blue Fin Capital’s portfolio.

American Electric Power Company Inc closed down -0.24 points or -0.36% at $66.28 with 18,58,475 shares getting traded on Tuesday. Post opening the session at $66.64, the shares hit an intraday low of $66.28 and an intraday high of $66.99 and the price fluctuated in this range throughout the day.Shares ended Tuesday session in Red.

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.

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.