American Electric Power (AEP)
Utilities · Vertically integrated electric utilities
A major vertically integrated electric utility holding company generating and distributing power across the eastern and south-central US, with a regulated rate base and competitive generation arm in deregulated markets.
What American Electric Power does
American Electric Power is an investor-owned electric utility holding company that generates, transmits, and distributes electric power through vertically integrated utility subsidiaries operating across multiple states. The company owns and operates nuclear plants, transmission facilities, and distribution networks serving retail and wholesale customers, and also maintains competitive generation, wholesale, and retail businesses in deregulated markets through nonregulated subsidiaries.
Themes: ["Regulated utility","Nuclear power","Transmission infrastructure","Wholesale energy markets","Energy storage","Clean energy transition","Cost-of-service regulation"]
Fundamentals
- Price$133.85 as of 2026-07-09 close
- Market cap$72.8B as of 2026-07-10
- 1-year return+27.8% as of 2026-07-09 close
- P/E19.93 as of 2026-07-10
- Net margin+16.7% as of 2026-07-10
- Gross margin+41.9% as of 2026-07-10
- ROE+11.8% as of 2026-07-10
- Debt / equity1.60 as of 2026-07-10
- Revenue growth (YoY)+11.4% as of 2026-07-10
- Revenue CAGR (3y)+3.7% SEC XBRL
- Beta0.51 as of 2026-07-10
Dividend: yield +2.8%; 5-year non-decreasing per-share dividend streak (SEC XBRL).
Key risks (from latest filing)
["Regulatory and rate recovery risk: rates are subject to periodic review and approval by state utility commissions on a cost-of-service basis, creating uncertainty around timely cost recovery and returns on capital investments","Environmental compliance and fuel cost volatility: exposure to Clean Air Act and other environmental regulations affecting generation assets, plus fuel cost fluctuations subject to adjustment clause mechanisms","Regional market and transmission dependence: operations in multiple RTOs (PJM, SPP) subject to regional coordination rules and transmission tariff determinations by FERC"]
Competitors & peers
Fundamentals: Finnhub, as of 2026-07-10. Filings: SEC EDGAR. Prices are delayed daily-close data.
Last updated 2026-07-09.
Informational only — NOT financial advice. All figures are delayed daily-close data from SEC EDGAR & Finnhub, shown with their as-of date.