American Electric Power Company, Inc. AEP
- Market cap
- $64.1B
- P/E
- 20.3×
Follow AEP
Target Price Range
Analyst price targets
Free account| 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | 2027 | 2028 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 56.75 | 61.82 | 62.71 | 72.26 | 65.14 | 74.80 | 80.30 | 69.38 | 75.22 | 89.91 |
Analyst estimates 2026–2028 Powerpack |
Low Price
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| 71.32 | 78.07 | 81.05 | 96.22 | 104.97 | 91.49 | 105.60 | 98.32 | 105.18 | 124.80 |
High Price
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| 17,634 | 17,666 | 17,582 | 17,408 | 16,787 | 16,688 | 16,974 | 17,250 | 16,330 | 17,581 |
Employees
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|||
| 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 |
Revenue/Emp
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| 16,380 | 15,425 | 16,196 | 15,561 | 14,919 | 16,792 | 19,640 | 18,982 | 19,721 | 21,876 |
Revenue
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| 65.02% | 65.56% | 64.27% | 67.19% | 70.71% | 67.45% | 63.86% | 65.35% | 69.90% | 67.86% |
Gross Margin
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| 476 | 2,816 | 1,974 | 1,835 | 2,146 | 2,512 | 2,420 | 2,209 | 2,843 | 3,724 |
EBT
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| 2.90% | 18.26% | 12.19% | 11.79% | 14.39% | 14.96% | 12.32% | 11.64% | 14.42% | 17.02% |
EBT Margin
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| 618 | 1,929 | 1,931 | 1,920 | 2,197 | 2,488 | 2,306 | 2,213 | 2,976 | 3,696 |
Net Income
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| 2,091 | 2,126 | 2,400 | 2,740 | 2,907 | 3,046 | 3,286 | 3,187 | 3,393 | 3,489 |
Depreciation
|
|||
| 33.33 | 31.36 | 32.87 | 31.52 | 30.09 | 33.55 | 38.37 | 36.58 | 37.20 | 40.93 |
Revenue/Sh
|
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| 1.24 | 3.89 | 3.90 | 3.89 | 4.44 | 4.97 | 4.51 | 4.26 | 5.60 | 6.70 |
Earnings/Sh
|
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| 9.20 | 8.68 | 10.60 | 8.65 | 7.73 | 7.67 | 10.33 | 9.66 | 12.84 | 12.99 |
Cash Flow/Sh
|
|||
| (10.21) | (7.40) | (12.90) | (12.44) | (12.60) | (11.28) | (12.81) | (11.88) | (13.98) | (16.01) |
Capex/Sh
|
|||
| (1.01) | 1.28 | (2.30) | (3.80) | (4.87) | (3.61) | (2.47) | (2.22) | (1.14) | (3.02) |
Free CF/Sh
|
|||
| 35.44 | 37.24 | 38.68 | 40.34 | 41.91 | 45.31 | 47.13 | 48.73 | 50.91 | 60.27 |
Book Value/Sh
|
|||
| 491 | 492 | 493 | 494 | 496 | 501 | 512 | 519 | 530 | 535 |
Shares
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| 50.61 | 18.66 | 19.16 | 24.30 | 18.75 | 17.87 | 21.04 | 19.57 | 16.47 | 17.21 |
PE Ratio
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| 1.88 | 2.31 | 2.27 | 3.00 | 2.77 | 2.65 | 2.47 | 2.27 | 2.48 | 2.82 |
PS Ratio
|
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| 1.77 | 1.94 | 1.93 | 2.34 | 1.99 | 1.96 | 2.01 | 1.71 | 1.81 | 1.91 |
PB Ratio
|
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| 3.19 | 3.75 | 3.80 | 4.86 | 4.97 | 4.76 | 4.52 | 4.51 | 4.75 | 5.03 |
EV/Sales
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| (105.45) | 91.72 | (54.23) | (40.34) | (30.76) | (44.27) | (70.06) | (74.19) | (154.70) | (68.14) |
EV/FCF
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| 4,522 | 4,270 | 5,223 | 4,270 | 3,833 | 3,840 | 5,288 | 5,012 | 6,804 | 6,944 |
Op' Cash Flow
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| (5,017) | (3,640) | (6,357) | (6,144) | (6,245) | (5,645) | (6,554) | (6,165) | (7,409) | (8,558) |
Capex
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| (496) | 631 | (1,134) | (1,874) | (2,412) | (1,805) | (1,266) | (1,153) | (605) | (1,614) |
FCF
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| (3,464) | (4,018) | (4,535) | (6,221) | (5,575) | (4,617) | (6,491) | (5,501) | (7,220) | (7,262) |
Working Cap'
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| 21,969 | 22,812 | 25,257 | 29,564 | 33,552 | 36,069 | 40,913 | 42,973 | 45,167 | 48,830 |
Total Debt
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| 21,427 | 22,238 | 24,654 | 28,929 | 32,913 | 35,397 | 40,169 | 42,380 | 44,706 | 48,342 |
Net Debt
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| 17,420 | 18,314 | 19,059 | 19,913 | 20,775 | 22,680 | 24,122 | 25,286 | 26,986 | 32,218 |
Sh' Equity
|
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| 0.98% | 2.98% | 2.88% | 2.66% | 2.81% | 2.95% | 2.55% | 2.32% | 2.97% | 3.29% |
ROA
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| 1.87% | 5.43% | 3.84% | 3.32% | 3.48% | 3.67% | 3.39% | 3.28% | 3.75% | 4.13% |
ROIC
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| 3.46% | 10.70% | 10.30% | 9.86% | 10.81% | 11.45% | 9.86% | 8.94% | 11.35% | 12.09% |
ROE
|
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American Electric Power Company, Inc. peers in Utilities Regulated Electric
| Company | Market cap | P/E | Compare |
|---|---|---|---|
| NGG National Grid Transco, PLC | $76.4B | 20.7× | Compare |
| D Dominion Energy Inc. | $53.1B | 21.1× | Compare |
| ETR Entergy Corporation | $46.9B | 24.9× | Compare |
| DUK Duke Energy Corporation | $88.1B | 17.0× | Compare |
| Company | Market cap | P/E | Compare |
|---|---|---|---|
| XEL Xcel Energy Inc. | $43.4B | 19.0× | Compare |
| SO Southern Company (The) | $95.3B | 19.9× | Compare |
| EXC Exelon Corporation | $41.4B | 14.8× | Compare |
| ED Consolidated Edison Inc | $37.9B | 16.9× | Compare |
AEP metrics, ten years each
- Revenue
- Net income
- EBITDA
- Free cash flow
- Operating cash flow
- Gross margin
- Operating margin
- Net margin
- Free cash flow margin
- P/E ratio
- P/S ratio
- P/B ratio
- Price to free cash flow
- EV/EBITDA
- EV/Sales
- Return on equity
- Return on assets
- Return on invested capital
- Debt to equity
- Current ratio
- Total debt
- Shares outstanding
- Book value per share
- Revenue growth
American Electric Power Company, Inc. (AEP) key facts
- American Electric Power Company, Inc. (AEP) is an Utilities Regulated Electric company in the Utilities sector, listed on Nasdaq.
- American Electric Power Company, Inc.’s revenue for fiscal 2025 (year ended December 2025) was $21.9 billion, up 10.9% from fiscal 2024.
- Net income was $3.7 billion, or $6.70 per share (basic), a net margin of 16.4%.
- As of September 25, 2026, AEP traded at $118.35, a market capitalization of $64.1 billion.
- At that price the stock trades at 20.3× trailing-twelve-month earnings and 2.8× sales.
- American Electric Power Company, Inc. pays an annual dividend of $3.32 per share, a yield of 4.44%, with a payout ratio of 85.2%.
- Return on equity was 12.1% and debt-to-equity 1.59.
American Electric Power Company, Inc. (AEP) Latest News
20 Sep
American Electric Power (AEP) has updated its Niagara Project documentation with the Federal Energy Regulatory Commission (FERC). The filing revises license-related materials, including project descriptions, environmental measures, and operations details for the Niagara River hydroelectric facilities. It signals ongoing regulatory engagement as AEP works toward license compliance or renewal and may address changes in fishery mitigation, aquatic habitat protections, or dam safety plans. No immediate changes to generation or rates are disclosed, but the update could affect project timelines, cost estimates, and regulatory approval schedules. Stakeholders will monitor FERC clock, potential compliance obligations, and any impacts on capital plans tied to the Niagara Project. Regulatory updates to a major hydro project affect licensing timelines and capital planning, yielding a moderate long-term impact.
19 Sep
American Electric Power benefits from surging electricity demand tied to data center expansion, positioning the utility for revenue growth and prompting assessment of its stock as a buy. Data center expansion creates major new electricity demand that can materially lift American Electric Power revenue and growth trajectory.
11 Sep
Peter Thiel directs $419 million into power infrastructure firms enabling AI growth, centering American Electric Power (AEP) as a core position while moving away from NVDA. Thiel's $419 million allocation underscores AEP's critical position in AI power supply and elevates its market trajectory.
10 Sep
AI power demand boom from data centers positions AEP and one other industrial stock as top investment picks for major gains in electricity supply. AI-driven electricity demand surge creates significant growth opportunities for AEP as a major power provider.
1 Sep
Peter Thiel’s fund invests in energy stocks tied to AI data center power needs, selecting American Electric Power Company (AEP) among two picks due to rising grid demand. Fund's AI-grid investment highlights AEP exposure to growing power demand without altering core operations.
27 Aug
George Soros boosts holdings in utility stocks including AEP as surging electricity demand from AI data centers drives sector interest and potential growth. Soros investment signals major AI-driven power demand shift that lifts AEP long-term outlook and investor flows.
19 Aug
American Electric Power Company lands a major power supply agreement for a large AI data center in Ohio that is expected to increase revenue and strengthen its position with investors. A massive Ohio AI data center power deal drives significant revenue growth and strategic positioning for AEP.
17 Aug
AEP stock stalls as NVIDIA backs a $105 billion Ohio AI project. NVIDIA-backed $105 billion Ohio AI project creates major new electricity demand for AEP.
16 Aug
Peter Thiel’s second-largest investment holding has shifted to American Electric Power Company, Inc., moving the bet away from technology stocks into the utility sector. Thiel’s sizable stake in AEP may draw investor attention and mildly influence short-term market sentiment for the utility stock.
14 Aug
Trump supporters imperil $4 billion aluminum plant central to industrial push, threatening related power infrastructure and contracts involving American Electric Power Company. Threat to major aluminum plant risks disrupting AEP power supply deals and infrastructure projects.
Texas data center moratorium faces key meeting Friday with potential effects on power demand growth for S&P 500 stocks including AEP. Moratorium outcome may limit Texas data center expansion and associated electricity load growth for AEP.
3 Aug
World’s largest energy lender directs federal financing to baseload, transmission, and nuclear projects, supporting American Electric Power Company, Inc. (AEP) infrastructure initiatives. Federal financing shift to nuclear and transmission directly expands AEP funding access and long-term growth prospects.
AEP secures 13 GW of gas turbines as generation remains central to growth plans. Securing 13 GW of gas turbines marks a major strategic expansion in generation capacity.
31 Jul
AEP highlighted its load growth strategy during the Q2 earnings call. Load growth emphasis signals rising demand that can lift revenue and operations.
30 Jul
AEP held its Q2 2026 earnings call to discuss quarterly financial results, operational performance, and forward-looking guidance. Earnings transcripts deliver financial results and outlook that typically drive immediate stock price movement and investor sentiment.
AEP raised guidance in its Q2 2026 earnings call. Raised guidance points to stronger projected financial results and positive shifts in investor outlook.
AEP reported second-quarter 2026 earnings and raised full-year guidance. Raised full-year guidance after quarterly results signals stronger financial outlook and shifts investor expectations upward.
American Electric Power Company, Inc. released Q2 2026 earnings call summary with financial results and operational updates. Quarterly earnings calls deliver financial metrics that shape near-term investor views without altering long-term strategy.
American Electric Power Q2 earnings call highlighted financial results, operational updates and forward guidance for the utility. Quarterly earnings updates typically move near-term sentiment but rarely shift long-term trajectory.
American Electric Power missed Q2 earnings estimates. Q2 earnings miss may pressure AEP stock price and near-term investor sentiment.
24 Jul
AI Power Pledge expands to 220 signatories while questions persist over whether electricity bills will drop for American Electric Power Company, Inc. (AEP) customers. AI-driven power demand growth could moderately lift AEP revenue and operations but faces offsets from rate pressures and uncertain bill outcomes.
21 Jul
American Electric Power unveils a $78 billion capital plan, yet its stock may remain overvalued. AEP's $78b capital plan constitutes a major strategic move likely to shape operations and investor views.
20 Jul
I&M plans to convert Rockport plant into full-fledged energy hub to meet customer needs. Rockport energy hub development enhances AEP subsidiary infrastructure for future energy demands.
9 Jul
DOE closes up to $3.26B loan to AEP Texas. Multi-billion DOE loan supplies major capital for AEP Texas infrastructure and growth projects.
8 Jul
AEP Texas receives federal funding to upgrade grid reliability and support growth, projected to save customers $685 million. Federal funding finances large-scale infrastructure upgrades that materially improve AEP Texas operations and cost structure.
4 Jul
American Electric Power (AEP) joins Bloom Energy expansion to supply power for AI data centers. Partnership positions AEP to capture rising demand from AI infrastructure buildout.
AEP stock may be trading 30% above fair value after data center demand news. Data center demand news triggers valuation reassessment that can sway near-term investor sentiment without altering core operations.
17 Jun
AEP is pursuing growth through infrastructure upgrades and renewable energy investments. Infrastructure upgrades combined with renewables expansion represent major strategic moves that can significantly alter AEP's trajectory and investor sentiment.
7 Jun
AEP is restructuring its OVEC stake while facing a surge in data-center power demand, raising questions over whether these shifts materially change the company's long-term investment profile and earnings trajectory. OVEC restructuring plus data-center load growth constitute major strategic and demand shifts capable of altering AEP's earnings trajectory and investor positioning.
Shifts are occurring in American Electric Power Company's outlook on data center expansion opportunities alongside associated operational and market risks. Data center growth and risk factors can materially alter AEP's revenue trajectory and investor positioning.