Bergankdv Wealth Management Lowers stake in American Electric Power Company Inc (AEP)

American Electric Power Company Inc (AEP) : Bergankdv Wealth Management reduced its stake in American Electric Power Company Inc by 12.85% during the most recent quarter end. The investment management company now holds a total of 13,765 shares of American Electric Power Company Inc which is valued at $929,826 after selling 2,029 shares in American Electric Power Company Inc , the firm said in a disclosure report filed with the SEC on Aug 15, 2016.American Electric Power Company Inc makes up approximately 0.39% of Bergankdv Wealth Management’s portfolio.

Other Hedge Funds, Including , Voya Financial Advisors boosted its stake in AEP in the latest quarter, The investment management firm added 12,550 additional shares and now holds a total of 16,990 shares of American Electric Power Company Inc which is valued at $1,147,675. American Electric Power Company Inc makes up approx 0.13% of Voya Financial Advisors’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.Trust Co Of Toledo Na Oh boosted its stake in AEP in the latest quarter, The investment management firm added 686 additional shares and now holds a total of 24,514 shares of American Electric Power Company Inc which is valued at $1,688,034. American Electric Power Company Inc makes up approx 0.48% of Trust Co Of Toledo Na Oh’s portfolio.Barrett Asset Management reduced its stake in AEP by selling 46 shares or 3.77% in the most recent quarter. The Hedge Fund company now holds 1,175 shares of AEP which is valued at $81,486. American Electric Power Company Inc makes up approx 0.01% of Barrett Asset Management’s portfolio.

American Electric Power Company Inc opened for trading at $65.97 and hit $66.24 on the upside on Wednesday, eventually ending the session at $66.05, with a gain of 0.02% or 0.01 points. The heightened volatility saw the trading volume jump to 1,992,804 shares. Company has a market cap of $32,477 M.

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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