Old Dominion Capital Management Inc Lowers stake in American Electric Power Company Inc (AEP)

American Electric Power Company Inc (AEP) : Old Dominion Capital Management Inc reduced its stake in American Electric Power Company Inc by 0.94% during the most recent quarter end. The investment management company now holds a total of 14,804 shares of American Electric Power Company Inc which is valued at $1,013,334 after selling 140 shares in American Electric Power Company Inc , the firm said in a disclosure report filed with the SEC on Aug 2, 2016.American Electric Power Company Inc makes up approximately 1.18% of Old Dominion Capital Management Inc’s portfolio.

Other Hedge Funds, Including , Wedbush Securities Inc reduced its stake in AEP by selling 1,138 shares or 12.54% in the most recent quarter. The Hedge Fund company now holds 7,936 shares of AEP which is valued at $543,219. American Electric Power Company Inc makes up approx 0.09% of Wedbush Securities Inc’s portfolio.Cordasco Financial Network reduced its stake in AEP by selling 1,263 shares or 7.43% in the most recent quarter. The Hedge Fund company now holds 15,740 shares of AEP which is valued at $1,083,856. American Electric Power Company Inc makes up approx 1.21% of Cordasco Financial Network’s portfolio.Daiwa Securities Group reduced its stake in AEP by selling 12,600 shares or 21.67% in the most recent quarter. The Hedge Fund company now holds 45,550 shares of AEP which is valued at $3,136,573. American Electric Power Company Inc makes up approx 0.02% of Daiwa Securities Group’s portfolio.American Investment Services reduced its stake in AEP by selling 1,676 shares or 9.85% in the most recent quarter. The Hedge Fund company now holds 15,332 shares of AEP which is valued at $1,073,393. American Electric Power Company Inc makes up approx 0.46% of American Investment Services’s portfolio.

American Electric Power Company Inc closed down -0.14 points or -0.21% at $67.15 with 18,76,469 shares getting traded on Monday. Post opening the session at $67.44, the shares hit an intraday low of $67.005 and an intraday high of $67.84 and the price fluctuated in this range throughout the day.Shares ended Monday 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 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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