North Star Investment Management Corp. Lowers stake in American Electric Power Company Inc (AEP)

American Electric Power Company Inc (AEP) : North Star Investment Management Corp. reduced its stake in American Electric Power Company Inc by 1.87% during the most recent quarter end. The investment management company now holds a total of 52,031 shares of American Electric Power Company Inc which is valued at $3,191,582 after selling 990 shares in American Electric Power Company Inc , the firm said in a disclosure report filed with the SEC on Oct 12, 2016.American Electric Power Company Inc makes up approximately 0.58% of North Star Investment Management Corp.’s portfolio.

Other Hedge Funds, Including , Raymond James Trust N.a. boosted its stake in AEP in the latest quarter, The investment management firm added 2,190 additional shares and now holds a total of 26,000 shares of American Electric Power Company Inc which is valued at $1,617,460. American Electric Power Company Inc makes up approx 0.14% of Raymond James Trust N.a.’s portfolio.Cutler Group Lp reduced its stake in AEP by selling 458 shares or 99.57% in the most recent quarter. The Hedge Fund company now holds 2 shares of AEP which is valued at $124.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 -0.87 points or -1.40% at $61.34 with 21,57,746 shares getting traded on Tuesday. Post opening the session at $61.98, the shares hit an intraday low of $61.28 and an intraday high of $62.28 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. 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 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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