F&v Capital Management Lowers stake in American Electric Power Company Inc (AEP)

American Electric Power Company Inc (AEP) : F&v Capital Management reduced its stake in American Electric Power Company Inc by 3.33% during the most recent quarter end. The investment management company now holds a total of 75,295 shares of American Electric Power Company Inc which is valued at $4,973,235 after selling 2,590 shares in American Electric Power Company Inc , the firm said in a disclosure report filed with the SEC on Apr 13, 2016.American Electric Power Company Inc makes up approximately 3.86% of F&v Capital Management’s portfolio.

American Electric Power Company Inc opened for trading at $65.82 and hit $66.31 on the upside on Monday, eventually ending the session at $66.24, with a gain of 0.29% or 0.19 points. The heightened volatility saw the trading volume jump to 17,57,190 shares. Company has a market cap of $32,527 M.

Other Hedge Funds, Including , Churchill Management Corp boosted its stake in AEP in the latest quarter, The investment management firm added 67,102 additional shares and now holds a total of 102,066 shares of American Electric Power Company Inc which is valued at $6,741,459. American Electric Power Company Inc makes up approx 0.47% of Churchill Management Corp’s portfolio.Charter Trust Co boosted its stake in AEP in the latest quarter, The investment management firm added 400 additional shares and now holds a total of 4,525 shares of American Electric Power Company Inc which is valued at $297,202. American Electric Power Company Inc makes up approx 0.04% of Charter Trust Co’s portfolio. Private Asset Management Inc added AEP to its portfolio by purchasing 3,456 company shares during the most recent quarter which is valued at $226,990. American Electric Power Company Inc makes up approx 0.04% of Private Asset Management Inc’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. 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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