Central Bank Trust Co Lowers stake in American Electric Power Company Inc (AEP)

American Electric Power Company Inc (AEP) : Central Bank Trust Co reduced its stake in American Electric Power Company Inc by 16.27% during the most recent quarter end. The investment management company now holds a total of 973 shares of American Electric Power Company Inc which is valued at $60,122 after selling 189 shares in American Electric Power Company Inc , the firm said in a disclosure report filed with the SEC on Oct 7, 2016.American Electric Power Company Inc makes up approximately 0.02% of Central Bank Trust Co’s portfolio.

Other Hedge Funds, Including , Exxonmobil Investment Management Inc Tx reduced its stake in AEP by selling 1,625 shares or 1.28% in the most recent quarter. The Hedge Fund company now holds 125,551 shares of AEP which is valued at $7,757,796. American Electric Power Company Inc makes up approx 0.16% of Exxonmobil Investment Management Inc Tx’s portfolio.First National Bank Of Mount Dora Trust Investment Services reduced its stake in AEP by selling 1,015 shares or 2.15% in the most recent quarter. The Hedge Fund company now holds 46,254 shares of AEP which is valued at $2,876,074. American Electric Power Company Inc makes up approx 1.61% of First National Bank Of Mount Dora Trust Investment Services’s portfolio. Summit Financial Wealth Advisors sold out all of its stake in AEP during the most recent quarter. The investment firm sold 20,335 shares of AEP which is valued $1,264,430.Beacon Financial Group reduced its stake in AEP by selling 63,804 shares or 48.55% in the most recent quarter. The Hedge Fund company now holds 67,627 shares of AEP which is valued at $4,205,047. American Electric Power Company Inc makes up approx 0.89% of Beacon Financial Group’s portfolio.

American Electric Power Company Inc closed down -0.46 points or -0.74% at $61.79 with 33,45,269 shares getting traded on Friday. Post opening the session at $62.7, the shares hit an intraday low of $61.75 and an intraday high of $63.15 and the price fluctuated in this range throughout the day.Shares ended Friday 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 Downgraded by Jefferies to ” Hold” on Sep 20, 2016. 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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