Castleton Investment Management adds American Electric Power Company Inc (AEP) to its portfolio

American Electric Power Company Inc (AEP) : Castleton Investment Management added new position in American Electric Power Company Inc during the most recent quarter end. The investment management firm now holds 331,074 shares of American Electric Power Company Inc which is valued at $22,364,049 , the company said in a statement filed on Aug 15, 2016 with the SEC.American Electric Power Company Inc makes up approximately 11.00% of Castleton Investment Management’s portfolio.

Other Hedge Funds, Including , Wellington Management Group Llp boosted its stake in AEP in the latest quarter, The investment management firm added 78,576 additional shares and now holds a total of 826,964 shares of American Electric Power Company Inc which is valued at $55,861,418. American Electric Power Company Inc makes up approx 0.01% of Wellington Management Group Llp’s portfolio.Cipher Capital Lp reduced its stake in AEP by selling 122,602 shares or 97.18% in the most recent quarter. The Hedge Fund company now holds 3,553 shares of AEP which is valued at $240,005. American Electric Power Company Inc makes up approx 0.02% of Cipher Capital Lp’s portfolio.Ameritas Investment Partners boosted its stake in AEP in the latest quarter, The investment management firm added 540 additional shares and now holds a total of 9,713 shares of American Electric Power Company Inc which is valued at $656,113. American Electric Power Company Inc makes up approx 0.04% of Ameritas Investment Partners’s portfolio.Geneva Advisors boosted its stake in AEP in the latest quarter, The investment management firm added 805 additional shares and now holds a total of 5,229 shares of American Electric Power Company Inc which is valued at $354,108. American Electric Power Company Inc makes up approx 0.01% of Geneva Advisors’s portfolio.United Bank reduced its stake in AEP by selling 500 shares or 14.7% in the most recent quarter. The Hedge Fund company now holds 2,902 shares of AEP which is valued at $203,314. American Electric Power Company Inc makes up approx 0.09% of United Bank’s portfolio.

American Electric Power Company Inc closed down -0.16 points or -0.25% at $64.41 with 20,30,777 shares getting traded on Thursday. Post opening the session at $64.41, the shares hit an intraday low of $64.22 and an intraday high of $64.7 and the price fluctuated in this range throughout the day.Shares ended Thursday 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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