First National Bank Of Mount Dora Trust Investment Services buys $3,278,105 stake in American Electric Power Company Inc (AEP)

American Electric Power Company Inc (AEP) : First National Bank Of Mount Dora Trust Investment Services scooped up 75 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 Jul 18, 2016. The investment management firm now holds a total of 47,269 shares of American Electric Power Company Inc which is valued at $3,278,105.American Electric Power Company Inc makes up approximately 1.81% of First National Bank Of Mount Dora Trust Investment Services’s portfolio.

Other Hedge Funds, Including , 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.Beacon Financial Group reduced its stake in AEP by selling 1,290 shares or 0.97% in the most recent quarter. The Hedge Fund company now holds 131,431 shares of AEP which is valued at $9,201,484. American Electric Power Company Inc makes up approx 1.93% of Beacon Financial Group’s portfolio.F&v Capital Management reduced its stake in AEP by selling 930 shares or 1.24% in the most recent quarter. The Hedge Fund company now holds 74,365 shares of AEP which is valued at $5,258,349. American Electric Power Company Inc makes up approx 3.84% of F&v Capital Management’s portfolio.

American Electric Power Company Inc closed down -0.42 points or -0.60% at $69.35 with 14,58,523 shares getting traded on Wednesday. Post opening the session at $69.8, the shares hit an intraday low of $69.21 and an intraday high of $69.87 and the price fluctuated in this range throughout the day.Shares ended Wednesday session in Red.

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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