Capital Analysts Lowers stake in American Electric Power Company Inc (AEP)

American Electric Power Company Inc (AEP) : Capital Analysts reduced its stake in American Electric Power Company Inc by 18.23% during the most recent quarter end. The investment management company now holds a total of 54,548 shares of American Electric Power Company Inc which is valued at $3.6 Million after selling 12,163 shares in American Electric Power Company Inc , the firm said in a disclosure report filed with the SEC on May 13, 2016.American Electric Power Company Inc makes up approximately 0.72% of Capital Analysts’s portfolio.

Other Hedge Funds, Including , Public Sector Pension Investment Board reduced its stake in AEP by selling 45,900 shares or 36.61% in the most recent quarter. The Hedge Fund company now holds 79,476 shares of AEP which is valued at $5.2 Million. American Electric Power Company Inc makes up approx 0.06% of Public Sector Pension Investment Board’s portfolio.Hirtle Callaghan Co reduced its stake in AEP by selling 95 shares or 21.79% in the most recent quarter. The Hedge Fund company now holds 341 shares of AEP which is valued at $22,015.Quantitative Investment Management reduced its stake in AEP by selling 1,500 shares or 3.63% in the most recent quarter. The Hedge Fund company now holds 39,800 shares of AEP which is valued at $2.6 Million. American Electric Power Company Inc makes up approx 0.12% of Quantitative Investment Management’s portfolio.Great West Life Assurance Co Can boosted its stake in AEP in the latest quarter, The investment management firm added 14,041 additional shares and now holds a total of 540,380 shares of American Electric Power Company Inc which is valued at $34.3 Million. American Electric Power Company Inc makes up approx 0.12% of Great West Life Assurance Co Can’s portfolio.

American Electric Power Company Inc closed down -0.2 points or -0.31% at $63.43 with 24,07,886 shares getting traded on Wednesday. Post opening the session at $63.29, the shares hit an intraday low of $63 and an intraday high of $63.78 and the price fluctuated in this range throughout the day.Shares ended Wednesday session in Red.

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.

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