Opus Investment Management Inc buys $5,437,472 stake in American Electric Power Company Inc (AEP)

American Electric Power Company Inc (AEP) : Opus Investment Management Inc scooped up 20,000 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 Nov 14, 2016. The investment management firm now holds a total of 92,600 shares of American Electric Power Company Inc which is valued at $5,437,472.American Electric Power Company Inc makes up approximately 0.94% of Opus Investment Management Inc’s portfolio.

Other Hedge Funds, Including , Northwestern Mutual Wealth Management Co boosted its stake in AEP in the latest quarter, The investment management firm added 8,430 additional shares and now holds a total of 33,406 shares of American Electric Power Company Inc which is valued at $1,961,600. American Electric Power Company Inc makes up approx 0.03% of Northwestern Mutual Wealth Management Co’s portfolio.Boston Partners boosted its stake in AEP in the latest quarter, The investment management firm added 330,207 additional shares and now holds a total of 3,951,118 shares of American Electric Power Company Inc which is valued at $242,005,978. American Electric Power Company Inc makes up approx 0.34% of Boston Partners’s portfolio.Stevens Capital Management Lp boosted its stake in AEP in the latest quarter, The investment management firm added 306,846 additional shares and now holds a total of 314,973 shares of American Electric Power Company Inc which is valued at $19,918,893. American Electric Power Company Inc makes up approx 0.85% of Stevens Capital Management Lp’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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