Argi Investment Services buys $1,803,180 stake in American Electric Power Company Inc (AEP)

American Electric Power Company Inc (AEP) : Argi Investment Services scooped up 2,189 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 Aug 11, 2016. The investment management firm now holds a total of 26,694 shares of American Electric Power Company Inc which is valued at $1,803,180.American Electric Power Company Inc makes up approximately 0.17% of Argi Investment Services’s portfolio.

Other Hedge Funds, Including , Analytic Investors boosted its stake in AEP in the latest quarter, The investment management firm added 80,083 additional shares and now holds a total of 351,842 shares of American Electric Power Company Inc which is valued at $23,766,927. American Electric Power Company Inc makes up approx 0.28% of Analytic Investors’s portfolio.Blackrock Group Ltd boosted its stake in AEP in the latest quarter, The investment management firm added 46,726 additional shares and now holds a total of 4,519,608 shares of American Electric Power Company Inc which is valued at $305,299,520. American Electric Power Company Inc makes up approx 0.15% of Blackrock Group Ltd’s portfolio.Boston Private Wealth boosted its stake in AEP in the latest quarter, The investment management firm added 521 additional shares and now holds a total of 11,270 shares of American Electric Power Company Inc which is valued at $771,432. American Electric Power Company Inc makes up approx 0.03% of Boston Private Wealth’s portfolio. Lmr Partners Llp sold out all of its stake in AEP during the most recent quarter. The investment firm sold 29,662 shares of AEP which is valued $2,055,577.Osborne Partners Capital Management reduced its stake in AEP by selling 8,055 shares or 25.78% in the most recent quarter. The Hedge Fund company now holds 23,190 shares of AEP which is valued at $1,608,227. American Electric Power Company Inc makes up approx 0.23% of Osborne Partners Capital Management’s portfolio.

American Electric Power Company Inc closed down -0.24 points or -0.36% at $66.28 with 18,58,475 shares getting traded on Tuesday. Post opening the session at $66.64, the shares hit an intraday low of $66.28 and an intraday high of $66.99 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 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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