Mizuho Asset Managementltd. buys $5.1 Million stake in American Electric Power Company Inc (AEP)

American Electric Power Company Inc (AEP) : Mizuho Asset Managementltd. scooped up 12,241 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 May 13, 2016. The investment management firm now holds a total of 78,189 shares of American Electric Power Company Inc which is valued at $5.1 Million.American Electric Power Company Inc makes up approximately 1.41% of Mizuho Asset Managementltd.’s portfolio.

Other Hedge Funds, Including , Vanguard Group Inc boosted its stake in AEP in the latest quarter, The investment management firm added 1,325,068 additional shares and now holds a total of 31,900,932 shares of American Electric Power Company Inc which is valued at $2,093 Million. American Electric Power Company Inc makes up approx 0.14% of Vanguard Group Inc’s portfolio.Mirae Asset Global Investments Ltd. boosted its stake in AEP in the latest quarter, The investment management firm added 1,900 additional shares and now holds a total of 88,323 shares of American Electric Power Company Inc which is valued at $5.8 Million. American Electric Power Company Inc makes up approx 0.16% of Mirae Asset Global Investments Ltd.’s portfolio.Capwealth Advisors boosted its stake in AEP in the latest quarter, The investment management firm added 184 additional shares and now holds a total of 4,643 shares of American Electric Power Company Inc which is valued at $304,627. American Electric Power Company Inc makes up approx 0.08% of Capwealth Advisors’s portfolio.Ftb Advisors boosted its stake in AEP in the latest quarter, The investment management firm added 4,562 additional shares and now holds a total of 12,246 shares of American Electric Power Company Inc which is valued at $803,460. American Electric Power Company Inc makes up approx 0.09% of Ftb Advisors’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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