Zacks Investment Management Lowers stake in American Electric Power Company Inc (AEP)

American Electric Power Company Inc (AEP) : Zacks Investment Management reduced its stake in American Electric Power Company Inc by 6.32% during the most recent quarter end. The investment management company now holds a total of 512,527 shares of American Electric Power Company Inc which is valued at $34,621,199 after selling 34,605 shares in American Electric Power Company Inc , the firm said in a disclosure report filed with the SEC on Aug 15, 2016.American Electric Power Company Inc makes up approximately 1.02% of Zacks Investment Management’s portfolio.

Other Hedge Funds, Including , Lpl Financial reduced its stake in AEP by selling 84,961 shares or 48.17% in the most recent quarter. The Hedge Fund company now holds 91,428 shares of AEP which is valued at $6,175,961. American Electric Power Company Inc makes up approx 0.05% of Lpl Financial’s portfolio.Bronfman E.l. Rothschild boosted its stake in AEP in the latest quarter, The investment management firm added 14 additional shares and now holds a total of 3,901 shares of American Electric Power Company Inc which is valued at $263,513. American Electric Power Company Inc makes up approx 0.04% of Bronfman E.l. Rothschild’s portfolio.Cambridge Trust Co boosted its stake in AEP in the latest quarter, The investment management firm added 9,600 additional shares and now holds a total of 14,209 shares of American Electric Power Company Inc which is valued at $964,081. American Electric Power Company Inc makes up approx 0.07% of Cambridge Trust Co’s portfolio.Mitsubishi Ufj Kokusai Asset Management Ltd. boosted its stake in AEP in the latest quarter, The investment management firm added 1,935 additional shares and now holds a total of 79,812 shares of American Electric Power Company Inc which is valued at $5,463,131. American Electric Power Company Inc makes up approx 0.14% of Mitsubishi Ufj Kokusai Asset Management Ltd.’s portfolio. Mechanics Bank Trust Department added AEP to its portfolio by purchasing 3,305 company shares during the most recent quarter which is valued at $229,202. American Electric Power Company Inc makes up approx 0.08% of Mechanics Bank Trust Department’s portfolio.

American Electric Power Company Inc closed down -0.16 points or -0.25% at $64.41 with 20,30,777 shares getting traded on Thursday. Post opening the session at $64.41, the shares hit an intraday low of $64.22 and an intraday high of $64.7 and the price fluctuated in this range throughout the day.Shares ended Thursday 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 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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