Stevens Capital Management Lp adds American Electric Power Company Inc (AEP) to its portfolio

American Electric Power Company Inc (AEP) : Stevens Capital Management Lp added new position in American Electric Power Company Inc during the most recent quarter end. The investment management firm now holds 296,986 shares of American Electric Power Company Inc which is valued at $19.5 Million , the company said in a statement filed on May 13, 2016 with the SEC.American Electric Power Company Inc makes up approximately 0.78% of Stevens Capital Management Lp’s portfolio.

Other Hedge Funds, Including , Caisse De Depot Et Placement Du Quebec reduced its stake in AEP by selling 1,775 shares or 0.46% in the most recent quarter. The Hedge Fund company now holds 380,987 shares of AEP which is valued at $25 Million. American Electric Power Company Inc makes up approx 0.07% of Caisse De Depot Et Placement Du Quebec’s portfolio.Winch Advisory Services boosted its stake in AEP in the latest quarter, The investment management firm added 281 additional shares and now holds a total of 433 shares of American Electric Power Company Inc which is valued at $28,409. American Electric Power Company Inc makes up approx 0.05% of Winch Advisory Services’s portfolio.Tokio Marine Asset Management Co Ltd boosted its stake in AEP in the latest quarter, The investment management firm added 1,321 additional shares and now holds a total of 15,259 shares of American Electric Power Company Inc which is valued at $985,121. American Electric Power Company Inc makes up approx 0.10% of Tokio Marine Asset Management Co Ltd’s portfolio.Arcadia Investment Management Corpmi boosted its stake in AEP in the latest quarter, The investment management firm added 169 additional shares and now holds a total of 882 shares of American Electric Power Company Inc which is valued at $56,007. American Electric Power Company Inc makes up approx 0.02% of Arcadia Investment Management Corpmi’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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