Latest revenue
$6.02B
as of 2026-03-31
Latest net income
—
as of 2026-03-31
Net margin
—
as of 2026-03-31
Price · 5Y
Live market
delayed ≤15 min- Market cap
- $6.83B
- Enterprise value
- $52.15B
- P/E (trailing)
- 1.8×
- Forward P/E
- —
- P/B
- 0.22×
- Dividend yield
- 2.9%
- 52-wk high
- $139.44
- 52-wk low
- $100.72
- Beta
- —
- Shares out
- 51.9M
5-year trend
What this company does
American Electric Power generates, transmits, and distributes electricity to roughly 5.6 million customers across 11 states in the eastern and central U.S. The company earns the bulk of its revenue from regulated utility operations, where state commissions approve rates that allow recovery of fuel, capital investment, and a return on equity. AEP faces mounting pressure from potential greenhouse gas regulations on its still-significant fossil fuel generation fleet, alongside new tariff and trade policy risks that could raise capital and equipment costs.
Generated from AEP's filing dated 2020-02-20
Key risks
- Tariffs and trade policy shifts could raise costs of goods, services and capital, plus extend equipment lead times for AEP's capex-heavy build-out.
- GHG regulation could force premature retirement of coal generation, mandate costly carbon capture investment, with no assurance regulators allow full cost recovery.
- Geopolitical volatility and trade-war uncertainty may pressure financial markets, raising AEP's cost of capital and weighing on net income and cash flows.
Generated from AEP's filing dated 2020-02-20
Profitability
Operating margin
24.3%
11.4%Leverage
Debt / equity
2.68×
5.3%Long-term debt / equity
1.42×
2.9%Debt / assets
72.8%
1.4%Earnings tracker
| Quarter | Revenue | YoY | Net income | YoY | Net margin |
|---|---|---|---|---|---|
Q1 2026 2026-03-31 | $6.02B | +10.2% | — | — | — |
Q4 2025 2025-12-31 | $10.13B | +115.8% | — | — | — |
Q3 2025 2025-09-30 | $6.01B | +10.9% | — | — | — |
Q2 2025 2025-06-30 | $270.0M | -94.1% | — | — | — |
Q1 2025 2025-03-31 | $5.46B | +8.7% | — | — | — |
Q4 2024 2024-12-31 | $4.70B | — | — | — | — |
Q3 2024 2024-09-30 | $5.42B | +1.5% | $961.7M | +0.4% | 17.7% |
Q2 2024 2024-06-30 | $4.58B | +4.7% | — | — | — |
Year-over-year change vs the same fiscal quarter one year prior. Revenue + net income sourced from SEC 10-Q / 10-K filings — no analyst-consensus dependency.
Industry trend
Electric Services · SIC 4911
Your notes
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Insider activity
Insider buying
$0
Insider selling
$6.6M
Net activity
−$6.6M
Distinct insiders
4
Open-market trades over the last 365 days.
Recent transactions
| Date | Insider | Type | Shares | Price | Value | |
|---|---|---|---|---|---|---|
| 2026-02-27 | Phillip R. Ulrich Executive Vice President | Sale | 4,106 | $132.08 | $542.3K | |
| 2026-02-24 | Kelly J Ferneau Executive Vice President | Sale | 1,351 | $131.46 | $177.6K |
Source: SEC Form 4 filings. Officers, directors, and 10%+ owners must disclose share transactions within two business days. RSU grants and tax-withholding rows are excluded by default — compensation activity is not a trading signal.
Who owns AEP
Institutional value
$21.24B
Total shares held
166.5M
Distinct holders
762
As of
2026-03-31
Filers with $100M+ AUM disclose holdings 45 days after quarter end.
Top institutional holders
| # | Manager | Shares | Value | QoQ change | Action |
|---|---|---|---|---|---|
| 1 | VANGUARD CAPITAL MANAGEMENT LLC | 35.1M | $4.61B | — | New |
| 2 | VANGUARD PORTFOLIO MANAGEMENT LLC | 15.6M | $2.05B | — | New |
| 3 | GQG Partners LLC | 15.0M | $1.97B | — | New |
| 4 | Invesco Ltd. | 7.7M | $1.01B | — | New |
| 5 | Nuveen, LLC | 6.0M | $785.7M | — | New |
| 6 | Legal & General Group Plc | 4.8M | $626.0M | — | New |
| 7 | Allspring Global Investments Holdings, LLC | 4.5M | $591.6M | — | New |
| 8 | WELLS FARGO & COMPANY/MN | 3.9M | $516.5M | — | New |
| 9 | Bank of New York Mellon Corp | 3.6M | $472.5M | — | New |
| 10 | VANGUARD FIDUCIARY TRUST CO | 3.0M | $399.1M | — | New |
| 11 | ENVESTNET ASSET MANAGEMENT INC | 3.0M | $391.8M | — | New |
| 12 | CITIGROUP INC | 3.0M | $387.8M | — | New |
| 13 | DEUTSCHE BANK AG\ | 2.4M | $318.7M | — | New |
| 14 | Mitsubishi UFJ Trust & Banking Corp | 2.1M | $275.4M | — | New |
| 15 | HighTower Advisors, LLC | 2.0M | $259.9M | — | New |
| 16 | National Pension Service | 1.9M | $255.5M | — | New |
| 17 | TD ASSET MANAGEMENT INC | 1.9M | $253.2M | — | New |
| 18 | UBS Group AG | 1.9M | $252.1M | — | New |
| 19 | ANTIPODES PARTNERS Ltd | 1.8M | $237.3M | — | New |
| 20 | DIMENSIONAL FUND ADVISORS LP | 1.8M | $235.1M | — | New |
Source: SEC Form 13F-HR. Positions aggregated across sub-managers within each firm. Options (puts/calls) excluded — common stock only.
Top questions investors are asking
- 1
With $16.56B Q3 revenue, how much capex inflation from new tariffs is embedded in your 2025-2029 plan, and is rate recovery assured?
- 2
Given data center load growth commitments, what's the specific MW backlog at risk if greenhouse gas rules force premature coal retirements?
- 3
Which pending rate cases are most exposed to ROE cuts, and quantify the EPS impact of unfavorable outcomes versus your guidance?
Refreshed when AEP files a new report · last from 2020-02-20