Fukoku Mutual Life Insurance Co Lowers stake in American Electric Power Company Inc (AEP)

American Electric Power Company Inc (AEP) : Fukoku Mutual Life Insurance Co reduced its stake in American Electric Power Company Inc by 0.32% during the most recent quarter end. The investment management company now holds a total of 158,000 shares of American Electric Power Company Inc which is valued at $9,277,760 after selling 500 shares in American Electric Power Company Inc , the firm said in a disclosure report filed with the SEC on Nov 14, 2016.American Electric Power Company Inc makes up approximately 1.73% of Fukoku Mutual Life Insurance Co’s portfolio.

Other Hedge Funds, Including , Wrapmanager Inc boosted its stake in AEP in the latest quarter, The investment management firm added 105 additional shares and now holds a total of 9,370 shares of American Electric Power Company Inc which is valued at $550,206. American Electric Power Company Inc makes up approx 0.22% of Wrapmanager Inc’s portfolio.National Planning Corp reduced its stake in AEP by selling 706 shares or 6.13% in the most recent quarter. The Hedge Fund company now holds 10,813 shares of AEP which is valued at $645,969. American Electric Power Company Inc makes up approx 0.05% of National Planning Corp’s portfolio.Sheaff Brock Investment Advisors boosted its stake in AEP in the latest quarter, The investment management firm added 18 additional shares and now holds a total of 10,637 shares of American Electric Power Company Inc which is valued at $672,684. American Electric Power Company Inc makes up approx 0.09% of Sheaff Brock Investment Advisors’s portfolio.Teacher Retirement System Of Texas reduced its stake in AEP by selling 16,164 shares or 4.29% in the most recent quarter. The Hedge Fund company now holds 360,486 shares of AEP which is valued at $22,494,326. American Electric Power Company Inc makes up approx 0.16% of Teacher Retirement System Of Texas’s portfolio.

American Electric Power Company Inc closed down -0.42 points or -0.71% at $58.44 with 27,75,742 shares getting traded on Monday. Post opening the session at $58.84, the shares hit an intraday low of $58.31 and an intraday high of $59.23 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 $1.30 EPS for the quarter, beating the analyst consensus estimate by $ 0.08 according to the earnings call on Nov 1, 2016. Analyst had a consensus of $1.22. The company had revenue of $4700.00 million for the quarter, compared to analysts expectations of $4538.73 million. The company’s revenue was up 6.8% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.06 EPS.

Many Wall Street Analysts have commented on American Electric Power Company Inc. Shares were Reiterated by RBC Capital Mkts on Oct 13, 2016 to “Sector Perform” and Lowered the Price Target to $ 67 from a previous price target of $72 .American Electric Power Company Inc was Downgraded by Jefferies to ” Hold” on Sep 20, 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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