Zacks Investment Management buys $35.9 Million stake in American Electric Power Company Inc (AEP)

American Electric Power Company Inc (AEP) : Zacks Investment Management scooped up 16,377 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 12, 2016. The investment management firm now holds a total of 547,132 shares of American Electric Power Company Inc which is valued at $35.9 Million.American Electric Power Company Inc makes up approximately 1.14% of Zacks Investment Management’s portfolio.

Other Hedge Funds, Including , Willis Investment Counsel reduced its stake in AEP by selling 26,400 shares or 11.73% in the most recent quarter. The Hedge Fund company now holds 198,700 shares of AEP which is valued at $13 Million. American Electric Power Company Inc makes up approx 1.15% of Willis Investment Counsel’s portfolio.Mufg Americas Holdings Corp reduced its stake in AEP by selling 113 shares or 0.82% in the most recent quarter. The Hedge Fund company now holds 13,683 shares of AEP which is valued at $897,742. American Electric Power Company Inc makes up approx 0.03% of Mufg Americas Holdings Corp’s portfolio.Keybank National Associationoh reduced its stake in AEP by selling 1,098 shares or 1.14% in the most recent quarter. The Hedge Fund company now holds 94,867 shares of AEP which is valued at $6.2 Million. American Electric Power Company Inc makes up approx 0.04% of Keybank National Associationoh’s portfolio. Candriam Luxembourg S.c.a. added AEP to its portfolio by purchasing 23,432 company shares during the most recent quarter which is valued at $1.5 Million. American Electric Power Company Inc makes up approx 0.04% of Candriam Luxembourg S.c.a.’s portfolio.

American Electric Power Company Inc closed down -0.05 points or -0.08% at $63.8 with 22,26,237 shares getting traded on Friday. Post opening the session at $64.05, the shares hit an intraday low of $63.35 and an intraday high of $64.1 and the price fluctuated in this range throughout the day.Shares ended Friday 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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