American Electric Power Company Inc (AEP) : Millennium Management reduced its stake in American Electric Power Company Inc by 44.31% during the most recent quarter end. The investment management company now holds a total of 3,459,645 shares of American Electric Power Company Inc which is valued at $233,699,020 after selling 2,752,810 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 0.59% of Millennium Management’s portfolio.
Other Hedge Funds, Including , Acrospire Investment Management sold out all of its stake in AEP during the most recent quarter. The investment firm sold 900 shares of AEP which is valued $60,435.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.
American Electric Power Company Inc closed down -0.16 points or -0.25% at $64.41 with 20,30,777 shares getting traded on Thursday. Post opening the session at $64.41, the shares hit an intraday low of $64.22 and an intraday high of $64.7 and the price fluctuated in this range throughout the day.Shares ended Thursday 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 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.