American Electric Power Company Inc (AEP) : Beacon Financial Group reduced its stake in American Electric Power Company Inc by 9.22% during the most recent quarter end. The investment management company now holds a total of 132,721 shares of American Electric Power Company Inc which is valued at $8.9 Million after selling 13,479 shares in American Electric Power Company Inc according to a report filed by the company on Apr 1, 2016 with the SEC.American Electric Power Company Inc makes up approximately 1.92% of Beacon Financial Group’s portfolio.
On the company’s financial health, American Electric Power Company Inc reported $0.48 EPS for the quarter, missing the analyst consensus estimate by $ -0.02 based on the information available during the earnings call on Jan 28, 2016. Analyst had a consensus of $0.50.Analysts expectations of $ 3766.56.During the same quarter in the previous year, the company posted $0.48 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 closed down -0.33 points or -0.50% at $65.68 with 16,79,466 shares getting traded on Monday. Post opening the session at $66.05, the shares hit an intraday low of $65.6 and an intraday high of $66.47 and the price fluctuated in this range throughout the day.Shares ended Monday session in Red.
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 segments 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 AEPs transmission joint ventures and AEP Transmission Company LLC. The AEP River Operations segment transports liquid coal and dry bulk commodities.