F&v Capital Management Lowers stake in American Electric Power Company Inc (AEP)

American Electric Power Company Inc (AEP) : F&v Capital Management reduced its stake in American Electric Power Company Inc by 1.24% during the most recent quarter end. The investment management company now holds a total of 74,365 shares of American Electric Power Company Inc which is valued at $5,258,349 after selling 930 shares in American Electric Power Company Inc , the firm said in a disclosure report filed with the SEC on Jul 8, 2016.American Electric Power Company Inc makes up approximately 3.84% of F&v Capital Management’s portfolio.

Other Hedge Funds, Including , Iowa State Bank added AEP to its portfolio by purchasing 869 company shares during the most recent quarter which is valued at $61,447. American Electric Power Company Inc makes up approx 0.03% of Iowa State Bank’s portfolio.Kistler-tiffany Companies reduced its stake in AEP by selling 330 shares or 14.66% in the most recent quarter. The Hedge Fund company now holds 1,921 shares of AEP which is valued at $135,834. American Electric Power Company Inc makes up approx 0.07% of Kistler-tiffany Companies’s portfolio.Integrated Investment Consultants reduced its stake in AEP by selling 600 shares or 37.85% in the most recent quarter. The Hedge Fund company now holds 985 shares of AEP which is valued at $69,748. American Electric Power Company Inc makes up approx 0.04% of Integrated Investment Consultants’s portfolio.

American Electric Power Company Inc opened for trading at $69.92 and hit $70.14 on the upside on Wednesday, eventually ending the session at $70.01, with a gain of 0.62% or 0.43 points. The heightened volatility saw the trading volume jump to 20,07,135 shares. Company has a market cap of $34,397 M.

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.

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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