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American Electric PowerAEP

Electric Utilities · Columbus, Ohio · In the S&P 500
High quality
$130.21+0.67%After hours: $130.15 (−0.05%)At the close, 30 Oct · Prices from CNBC, may be delayed
▲ 6.6% over 1 year
American Electric Power over 1 yearDaily close, $, to 30 Oct 2026
$120Nov2026MarMayJulSep$130.21$120NovMarJul$130.21
Source: Nasdaq daily closes
Market value$70.90B
Price to earnings21.2x
Forward P/E19.6x
Dividend yield2.98%
Year to date+12.9%
One year+6.6%
Next earningsNot scheduled
SectorUtilities
52-week range (closes)
$113.70$138.69

Quality and valuation

How American Electric Power compares with other utilities stocks. A description, not a recommendation.

American Electric Power and 7 electric utilities peers. Across: valuation (P/E) against the sector. Up: business quality against the sector. Hover or tap a logo for its numbers.

Business quality: stronger than mostValuation: in line with its sector

A stronger business than most utilities companies, priced about in line with them.

American Electric Power trades at 19.6 times the next 12 months of expected earnings, against a median of 18.6x for the 33 utilities stocks we cover. The quality score blends where it ranks on revenue growth, gross margin, operating margin and free-cash-flow margin (net margin for banks and insurers) over the last 12 months, from SEC filings.

  • Revenue grew faster than the sector median: +9.3% vs +8.3%
  • More profitable (operating margin): 24.0% vs 23.0%
  • Turns more of its sales into cash: 11.6% vs −14.5%
AEP trades at 19.6x forward earnings, above the sector medianForward p/e, Electric Utilities peers
VST15.1xEXC15.7xDUK18.8xAEP19.6xSO20.1xCEG21.4xWEC21.9xETR23.4xSector median 18.6xVST15.1xEXC15.7xDUK18.8xAEP19.6xSO20.1xCEG21.4xWEC21.9xETR23.4xSector median 18.6x
Source: CNBC quotes; Mostly Markets
At 19.2x earnings, AEP is pricier than its average since Apr 2024Price over the last 12 months of reported (GAAP) diluted EPS
P/EUsual range (±1 s.d.)
16x18x20xAverage 18.6x2025202619.2x18x20xAverage 18.6x2025202619.2x
Source: Nasdaq prices; SEC filings

Financials

From American Electric Power's SEC filings, through the quarter ending 31 Mar 2026. Hover or tap a bar for its value.

Revenue grew 6.9% from a year earlierQuarterly revenue, $bn, latest Q1 ’26
$0bn$2bn$4bn$6bnQ2 ’24Q4 ’24Q2 ’25$6.0bnQ1 ’26$0bn$2bn$5bnQ2 ’24Q4 ’24Q2 ’25$6.0bnQ1 ’26
Source: SEC filings
Growth slowed to +6.9% last quarterRevenue growth, year on year, %
−5%0%5%10%Q2 ’24Q4 ’24Q2 ’256.9%Q1 ’260%10%Q2 ’24Q4 ’24Q2 ’256.9%Q1 ’26
Source: SEC filings
Operating margin was 22.6% last quarterOperating income as a share of revenue, %
0%10%20%Q2 ’24Q4 ’24Q2 ’2522.6%Q1 ’260%10%20%Q2 ’24Q4 ’24Q2 ’2522.6%Q1 ’26
Source: SEC filings
Free cash flow was $2.6 billion over 12 monthsQuarterly free cash flow (operating cash flow minus capex), $bn
$0bn$1bn$2bnQ4 ’24Q2 ’25$0.6bnQ1 ’26$0bn$1bn$2bnQ4 ’24Q2 ’25$0.6bnQ1 ’26
Source: SEC filings
Last 12 monthsAEPSector median
Revenue growth+9.3%+8.3%
Operating margin24.0%23.0%
Free cash flow margin11.6%−14.5%
Price to earnings21.2x21.1x

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Similar companies

Electric Utilities, by market value.

CompanyPriceTodayYTDValue
SOSouthern$93.71+0.77%+7.5%$108B
DUKDuke Energy$127.39+1.18%+8.7%$99.33B
CEGConstellation Energy$262.38−0.83%−25.7%$92.96B
ETREntergy$110.11+0.13%+19.1%$52.61B
EXCExelon$46.16+0.54%+5.9%$47.65B
VSTVistra$138.37−1.83%−14.2%$46.44B
WECWEC Energy Group$116.07+1.26%+10.1%$37.82B
PEGPublic Service Enterprise Group$74.29+0.90%−7.5%$37.03B