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

American Electric Power Company Inc (AEP) : Seminole Management added new position in American Electric Power Company Inc during the most recent quarter end. The investment management firm now holds 11,100 shares of American Electric Power Company Inc which is valued at $764,346 , the company said in a statement filed on Jul 26, 2016 with the SEC.American Electric Power Company Inc makes up approximately 0.08% of Seminole Management’s portfolio.

Other Hedge Funds, Including , Boston Advisors reduced its stake in AEP by selling 250 shares or 7.85% in the most recent quarter. The Hedge Fund company now holds 2,935 shares of AEP which is valued at $202,104.

American Electric Power Company Inc opened for trading at $68.84 and hit $69.56 on the upside on Friday, eventually ending the session at $69.3, with a gain of 0.55% or 0.38 points. The heightened volatility saw the trading volume jump to 24,90,159 shares. Company has a market cap of $34,048 M.

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.

Investors should note that on Jul 26, 2016, American Electric Power Company Inc announced a cash dividend of $0.5600. The company’s management has announced Aug 8, 2016 as the ex-dividend date and fixed the record date on Aug 10, 2016. The payable date has been fixed on Sep 9, 2016.

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.

Comments (0)

Leave a Reply

Your email address will not be published. Required fields are marked *

American Electric Power Company Inc - Is it time to Sell?

Top Brokerage Firms are advising their investors on American Electric Power Company Inc. Subscribe to MoneyFlowIndex.Org Pre-Market Alerts, You will be the first to know the street buzz.