Cranbrook Wealth Management Exits Position in American Electric Power Company Inc (AEP)

American Electric Power Company Inc (AEP) : Cranbrook Wealth Management has sold out all of its stake in American Electric Power Company Inc during the most recent quarter, according to the disclosure filed by the company on Aug 2, 2016 with the SEC. The investment management company has sold out 1,709 shares of American Electric Power Company Inc which is valued at $116,981.

Other Hedge Funds, Including , Quantitative Investment Management boosted its stake in AEP in the latest quarter, The investment management firm added 78,600 additional shares and now holds a total of 118,400 shares of American Electric Power Company Inc which is valued at $8,104,480. American Electric Power Company Inc makes up approx 0.36% of Quantitative Investment Management’s portfolio.Bbva Compass Bancshares Inc boosted its stake in AEP in the latest quarter, The investment management firm added 1,246 additional shares and now holds a total of 13,102 shares of American Electric Power Company Inc which is valued at $907,969. American Electric Power Company Inc makes up approx 0.07% of Bbva Compass Bancshares Inc’s portfolio.First National Trust Co reduced its stake in AEP by selling 2,080 shares or 2.75% in the most recent quarter. The Hedge Fund company now holds 73,679 shares of AEP which is valued at $5,073,536. American Electric Power Company Inc makes up approx 0.76% of First National Trust Co’s portfolio.Parkwood reduced its stake in AEP by selling 1,373 shares or 14.75% in the most recent quarter. The Hedge Fund company now holds 7,935 shares of AEP which is valued at $555,926. American Electric Power Company Inc makes up approx 0.09% of Parkwood’s portfolio.

American Electric Power Company Inc closed down -0.14 points or -0.21% at $67.15 with 18,76,469 shares getting traded on Monday. Post opening the session at $67.44, the shares hit an intraday low of $67.005 and an intraday high of $67.84 and the price fluctuated in this range throughout the day.Shares ended Monday session in Red.

On the company’s financial health, American Electric Power Company Inc reported $0.95 EPS for the quarter, beating the analyst consensus estimate by $ 0.05 according to the earnings call on Jul 28, 2016. Analyst had a consensus of $0.90. The company had revenue of $3900.00 million for the quarter, 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. 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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