Umpqua Bank Buys 148 Shares of American Electric Power Company, Inc. (NASDAQ:AEP)

Umpqua Bank grew its stake in American Electric Power Company, Inc. (NASDAQ:AEP) by 5.0% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 3,089 shares of the company’s stock after purchasing an additional 148 shares during the quarter. Umpqua Bank’s holdings in American Electric Power were worth $317,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. HHM Wealth Advisors LLC increased its holdings in American Electric Power by 57.2% in the 2nd quarter. HHM Wealth Advisors LLC now owns 283 shares of the company’s stock valued at $25,000 after buying an additional 103 shares during the period. LRI Investments LLC boosted its stake in shares of American Electric Power by 935.9% in the 2nd quarter. LRI Investments LLC now owns 404 shares of the company’s stock valued at $35,000 after purchasing an additional 365 shares in the last quarter. Briaud Financial Planning Inc boosted its stake in shares of American Electric Power by 52.1% in the 2nd quarter. Briaud Financial Planning Inc now owns 438 shares of the company’s stock valued at $38,000 after purchasing an additional 150 shares in the last quarter. Naples Money Management LLC acquired a new stake in shares of American Electric Power in the 2nd quarter valued at approximately $44,000. Finally, Opal Wealth Advisors LLC acquired a new stake in shares of American Electric Power in the 2nd quarter valued at approximately $48,000. 75.24% of the stock is owned by institutional investors.

American Electric Power Stock Down 2.7 %

Shares of AEP stock traded down $2.69 on Wednesday, hitting $97.71. The stock had a trading volume of 355,906 shares, compared to its average volume of 3,127,090. American Electric Power Company, Inc. has a 12-month low of $74.97 and a 12-month high of $105.18. The business has a 50 day moving average of $100.67 and a 200 day moving average of $94.65. The company has a debt-to-equity ratio of 1.53, a current ratio of 0.65 and a quick ratio of 0.48. The stock has a market cap of $51.99 billion, a price-to-earnings ratio of 20.00, a price-to-earnings-growth ratio of 2.78 and a beta of 0.55.

American Electric Power Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, December 10th. Stockholders of record on Friday, November 8th will be paid a $0.93 dividend. This is an increase from American Electric Power’s previous quarterly dividend of $0.88. The ex-dividend date of this dividend is Friday, November 8th. This represents a $3.72 annualized dividend and a dividend yield of 3.81%. American Electric Power’s dividend payout ratio (DPR) is presently 70.12%.

Analysts Set New Price Targets

AEP has been the topic of a number of research analyst reports. Scotiabank raised their price target on shares of American Electric Power from $99.00 to $108.00 and gave the company a “sector outperform” rating in a research note on Tuesday, August 20th. Morgan Stanley raised their price target on shares of American Electric Power from $102.00 to $108.00 and gave the company an “overweight” rating in a research note on Wednesday, September 25th. Guggenheim lifted their target price on shares of American Electric Power from $81.00 to $83.00 and gave the stock a “neutral” rating in a research report on Monday, July 22nd. Barclays lifted their target price on shares of American Electric Power from $96.00 to $100.00 and gave the stock an “equal weight” rating in a research report on Tuesday, October 15th. Finally, JPMorgan Chase & Co. lifted their target price on shares of American Electric Power from $108.00 to $112.00 and gave the stock an “overweight” rating in a research report on Friday, October 18th. Two equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating and six have given a buy rating to the company. According to MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $98.43.

American Electric Power Profile

American Electric Power Company, Inc, an electric public utility holding company, engages in the generation, transmission, and distribution of electricity for sale to retail and wholesale customers in the United States. It operates through Vertically Integrated Utilities, Transmission and Distribution Utilities, AEP Transmission Holdco, and Generation & Marketing segments.