Aviance Capital Management buys $8,767,049 stake in American Electric Power Company Inc (AEP)

American Electric Power Company Inc (AEP) : Aviance Capital Management scooped up 34,908 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 26, 2016. The investment management firm now holds a total of 127,317 shares of American Electric Power Company Inc which is valued at $8,767,049.American Electric Power Company Inc makes up approximately 0.26% of Aviance Capital Management’s portfolio.

Other Hedge Funds, Including , Strs Ohio boosted its stake in AEP in the latest quarter, The investment management firm added 9,789 additional shares and now holds a total of 318,556 shares of American Electric Power Company Inc which is valued at $21,935,766. American Electric Power Company Inc makes up approx 0.09% of Strs Ohio’s portfolio.Douglass Winthrop Advisors boosted its stake in AEP in the latest quarter, The investment management firm added 1,000 additional shares and now holds a total of 11,320 shares of American Electric Power Company Inc which is valued at $792,513. American Electric Power Company Inc makes up approx 0.06% of Douglass Winthrop Advisors’s portfolio.Bkd Wealth Advisors boosted its stake in AEP in the latest quarter, The investment management firm added 4 additional shares and now holds a total of 6,052 shares of American Electric Power Company Inc which is valued at $423,701. American Electric Power Company Inc makes up approx 0.06% of Bkd Wealth Advisors’s portfolio. Iowa State Bank added AEP to its portfolio by purchasing 869 company shares during the most recent quarter which is valued at $61,447. American Electric Power Company Inc makes up approx 0.03% of Iowa State Bank’s portfolio.

American Electric Power Company Inc opened for trading at $68.84 and hit $69.56 on the upside on Friday, eventually ending the session at $69.3, with a gain of 0.55% or 0.38 points. The heightened volatility saw the trading volume jump to 24,90,159 shares. Company has a market cap of $34,048 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.

Investors should note that on Jul 26, 2016, American Electric Power Company Inc announced a cash dividend of $0.5600. The company’s management has announced Aug 8, 2016 as the ex-dividend date and fixed the record date on Aug 10, 2016. The payable date has been fixed on Sep 9, 2016.

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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