American Electric Power Company Inc (AEP) reported quarterly earnings results on Thursday, Jul-28-2016. The company said it had a profit of $0.95 Earnings per Share for the quarter. The results exceeded Wall Street expectations beating the analyst consensus estimate by $0.05. Analysts had a consensus of $0.90. The company posted revenue of $3900.00 million in the period, compared to analysts expectations of $3981.30 million. The company’s revenue was up 2.6% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.88 EPS.
Many Wall Street Analysts have commented on American Electric Power Company Inc. American Electric Power Company Inc was Upgraded by Goldman to ” Buy” on Jul 26, 2016.
American Electric Power Company Inc opened for trading at $68.97 and hit $69.22 on the upside on Thursday, eventually ending the session at $68.92, with a gain of 0.09% or 0.06 points. The heightened volatility saw the trading volume jump to 23,88,489 shares. Company has a market cap of $33,861 M.
In a different news, on Jun 10, 2016, Mark C Mccullough (Executive Vice President) purchased 4,489 shares at $63.43 per share price. According to the SEC, on May 6, 2016, Robert P Powers (Executive Vice President, COO) sold 1,046 shares at $65.39 per share price. On Feb 3, 2016, Lionel L Iii Nowell (director) sold 8,209 shares at $62.00 per share price, according to the Form-4 filing with the securities and exchange commission.
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 segments 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 AEPs transmission joint ventures and AEP Transmission Company LLC. The AEP River Operations segment transports liquid coal and dry bulk commodities.