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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. The company generates electricity using coal and lignite, nuclear, natural gas, renewable, hydro, solar, wind, and other energy sources; owns, operates, maintains, and invests in transmission infrastructure; and engages in the retail supply, and wholesale energy trading and marketing businesses. It operates approximately 252,000 circuit miles of distribution lines; 38,000 circuit miles of transmission lines; and 25,000 MWs of regulated owned generating capacity. American Electric Power Company, Inc. was incorporated in 1906 and is headquartered in Columbus, Ohio.
Regulatory Landscape | Learn about AEP's navigation of complex regulatory environments across 11 states, with pending decisions in key markets that could significantly impact financial performance. |
Financial Outlook | AEP projects 6-8% EPS CAGR for 2024-2028, with analyst price targets ranging from $96 to $109, reflecting varied views on the company's growth potential and challenges. |
Decarbonization Drive | Delve into AEP's $54 billion capital expenditure program, focusing on grid modernization and cleaner energy sources to align with industry trends and regulatory pressures. |
Texas Transmission | Explore AEP's ambitious growth strategy in Texas, projecting a 16.1% transmission rate base CAGR and positioning the company for significant expansion in the Lone Star State. |

Metrics to compare | AEP | Sector Sector - Average of metrics from a broad group of related Utilities sector companies | Relationship RelationshipAEPPeersSector | |
|---|---|---|---|---|
P/E Ratio | 20.4x | 23.0x | 12.7x | |
PEG Ratio | 1.06 | 1.38 | 0.02 | |
Price / Book | 2.3x | 2.1x | 1.3x | |
Price / LTM Sales | 3.3x | 3.3x | 1.7x | |
Upside (Analyst Target) | 1.9% | 7.4% | 10.6% | |
Fair Value Upside | Unlock | −8.0% | 2.3% | Unlock |