American Electric Power Company Inc (AEP) : Washington Trust Bank scooped up 975 additional shares in American Electric Power Company Inc during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Oct 4, 2016. The investment management firm now holds a total of 6,604 shares of American Electric Power Company Inc which is valued at $410,637.American Electric Power Company Inc makes up approximately 0.10% of Washington Trust Bank’s portfolio.
Other Hedge Funds, Including , Lynch Associatesin reduced its stake in AEP by selling 175 shares or 1.54% in the most recent quarter. The Hedge Fund company now holds 11,201 shares of AEP which is valued at $696,478. American Electric Power Company Inc makes up approx 0.31% of Lynch Associatesin’s portfolio.Beacon Financial Group reduced its stake in AEP by selling 63,804 shares or 48.55% in the most recent quarter. The Hedge Fund company now holds 67,627 shares of AEP which is valued at $4,205,047. American Electric Power Company Inc makes up approx 0.89% of Beacon Financial Group’s portfolio.Cullinan Associates Inc reduced its stake in AEP by selling 72,300 shares or 92.93% in the most recent quarter. The Hedge Fund company now holds 5,500 shares of AEP which is valued at $341,990. American Electric Power Company Inc makes up approx 0.03% of Cullinan Associates Inc’s portfolio.
American Electric Power Company Inc closed down -1.33 points or -2.09% at $62.18 with 35,86,483 shares getting traded on Tuesday. Post opening the session at $63.47, the shares hit an intraday low of $61.8201 and an intraday high of $63.47 and the price fluctuated in this range throughout the day.Shares ended Tuesday 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 Downgraded by Jefferies to ” Hold” on Sep 20, 2016. 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.