American Electric Power Company, Inc. (AEP) Stock Price & Analysis
American Electric Power Company, Inc. (AEP) closed at USD 130.64 on Thursday, October 22, 2026, up 2.55% on the day. The US market is currently closed (pre-market); this is not a live price.
The prior close was USD 127.39; the Oct 22, 2026 session ranged USD 127.96–131.04 on volume of 3,449,279 shares. Market capitalization is $71.12B, with a 52-week range of USD 112.54–140.58 (NMS). Source: Nexqual, retrieved October 23, 2026 at 09:56 UTC.
Also available as compact Markdown for AI agents: nexqual.com/AEP.md
Key facts (AEP)
- Last four reported quarters (through Jun 30, 2026): revenue $22.8B, net income $3.26B (14.3% margin), free cash flow $4.29B (SEC filings).
- Valuation: P/E 21.8x (avg 17.5x at the last 3 fiscal year-ends), net debt $50.2B.
- 3 of 80 tracked superinvestors hold AEP (13F, Q2 2026 (1 investor on Q3 2026, filed early)): 0 new, 1 added, 2 reduced, 0 unchanged.
- Insider open-market sales, last ~7 months: 1 Form 4 filings, $250K; 0 not under a Rule 10b5-1 plan ($0K); 0 by opportunistic insiders, 0 by routine insiders (three-year test, Cohen, Malloy & Pomorski 2012).
- Analysts: Buy (mean 2.21 on a 1–5 scale) (24 analysts), mean target USD 141.15 (range 120–173).
- Total return with dividends: 1Y +15.9% vs S&P 500 +14.9%; 5Y +82.7% vs S&P 500 +80.3%.
- Next earnings: 2026-10-28, EPS estimate USD 2.04, revenue estimate $6.60B.
Financials (SEC 10-K; TTM = last four 10-Q/10-K quarters) (AEP)
| USD | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | TTM |
|---|---|---|---|---|---|---|
| Revenue | $16.8B | $19.6B | $19.5B | $20.0B | $21.9B | $22.8B |
| Operating income | $3.41B | $3.48B | $3.56B | $4.30B | $5.32B | $5.24B |
| Net income | $2.49B | $2.31B | $2.21B | $2.98B | $3.70B | $3.26B |
| EPS (diluted) | $4.96 | $4.49 | $4.24 | $5.58 | $6.66 | — |
| Free cash flow | — | — | $4.86B | $6.41B | $3.49B | $4.29B |
| Operating margin | 20.3% | 17.7% | 18.3% | 21.6% | 24.3% | 23.0% |
| Net margin | 14.8% | 11.7% | 11.4% | 14.9% | 16.9% | 14.3% |
| Revenue growth | +12.6% | +17.0% | -0.9% | +2.6% | +9.5% | — |
| Cash + short-term investments | $624M | $697M | $544M | $418M | $417M | — |
| Total debt | $33.5B | $36.8B | $40.1B | $42.6B | $47.3B | — |
Fiscal years end Dec. EPS is split-adjusted.
Valuation (price ÷ last four quarters, through Jun 30, 2026) (AEP)
P/E 21.8x · P/S 3.1x · EV/Sales 5.3x · P/FCF 16.6x · P/B 2.2x · FCF yield 6.03% · Earnings yield 4.58% · Dividend yield (paid, TTM) 2.88% · Net debt $50.2B · EV $121B
P/E at fiscal year-ends: Dec 2025 16.8x, Dec 2024 16.5x, Dec 2023 19.1x.
Superinvestors (SEC 13F-HR, Q2 2026) (AEP)
3 of 80 tracked investors hold AEP (1 investor on Q3 2026, filed early). Each row is the investor's latest 13F; change is vs their prior-quarter share count.
| Investor | Firm | % of portfolio | Value | Change | Quarter |
|---|---|---|---|---|---|
| David Katz | Matrix Asset Advisors | 1.76% | $21.3M | Added +16.2% | Q3 2026 |
| Carl Icahn | Icahn Capital Management | 0.72% | $59.5M | Reduced -63.9% | Q2 2026 |
| Dodge & Cox Funds | Dodge & Cox | 0.62% | $1.19B | Reduced -0.8% | Q2 2026 |
Insider sales (SEC Form 4, open-market, last ~7 months) (AEP)
1 of 1 under a Rule 10b5-1 trading plan (scheduled in advance). Unplanned sales were timed by the insider.
| Trade date | Insider | Role | Shares | Value | % of holdings sold | 10b5-1 plan | Insider type |
|---|---|---|---|---|---|---|---|
| 2026-09-08 | Dixon Kate | Controller, CAO | 2,000 | $250K | 11.2% | Yes (adopted June 5, 2026) | Too little history (no open-market trades in 2023–2025) |
% of holdings sold = shares sold ÷ (shares sold + all holdings the insider reported on that Form 4, direct and through trusts).
Insider type follows Cohen, Malloy & Pomorski (Journal of Finance, 2012). An insider who traded the stock in the same calendar month in each of the past three years is a routine trader; one who traded in each of those years without such a pattern is an opportunistic trader. In their study, trades by opportunistic insiders predicted future returns and trades by routine insiders did not. Counts open-market purchases and sales only (SEC Form 4 codes P and S) by that insider in that company. Not investment advice.
Analysts (AEP)
Consensus Buy (mean 2.21 on a 1–5 scale), 24 analysts; mean target USD 141.15 (low 120, high 173).
Rating changes, last 120 days:
| Date | Firm | Action | Rating | Price target |
|---|---|---|---|---|
| 2026-10-22 | Jefferies | Target lowered | Buy | $148 → $146 |
| 2026-10-22 | HSBC | Initiated | Buy | $145.9 |
| 2026-10-21 | Morgan Stanley | Target raised | Overweight | $128 → $130 |
| 2026-10-20 | BTIG | Upgrade | Neutral → Buy | $147 |
| 2026-10-19 | JP Morgan | Target lowered | Neutral | $140 → $135 |
| 2026-10-19 | BMO Capital | Target lowered | Market Perform | $139 → $135 |
| 2026-10-13 | Keybanc | Upgrade | Sector Weight → Overweight | $133 |
| 2026-10-12 | Barclays | Target lowered | Equal-Weight | $129 → $120 |
| 2026-09-18 | Morgan Stanley | Target lowered | Overweight | $135 → $128 |
| 2026-08-21 | Morgan Stanley | Target lowered | Overweight | $139 → $135 |
| 2026-08-17 | Truist Securities | Target lowered | Buy | $146 → $139 |
| 2026-08-05 | Citigroup | Target lowered | Neutral | $148 → $142 |
Total return (dividends reinvested) (AEP)
| 1Y (from 2025-10-23) | 5Y (from 2021-10-18) | |
|---|---|---|
| Total return | +15.9% | +82.7% |
| S&P 500 (SPY) | +14.9% | +80.3% |
| Per year | +16.0% | +12.8% |
| Volatility (annualized) | 19.3% | 19.9% |
| Max drawdown | -14.6% (Jun 2026→Sep 2026) | -28.6% (Aug 2022→Oct 2023) |
AEP revenue by business segment (quarter ended Jun 30, 2026)
| Line | Revenue | Share of total | YoY |
|---|---|---|---|
| VIU | $3.15B | 57.9% | +5.5% |
| T&D | $1.57B | 28.8% | +9.4% |
| G&M | $698.0M | 12.8% | +20.6% |
| AEPTHCo | $617.0M | 11.3% | -12.9% |
| AEPTHCo | $610.0M | 11.2% | -19.4% |
| Total revenue | $5.45B | 100% | — |
AEP revenue by product line (quarter ended Jun 30, 2026)
| Line | Revenue | Share of total | YoY |
|---|---|---|---|
| Vertically Integrated Utilities | $3.05B | 56.0% | +4.0% |
| — Electric Transmission and Distribution (part of Vertically Integrated Utilities) | $1.57B | 28.8% | +8.7% |
| — Commercial Revenues (part of Vertically Integrated Utilities) | $852.0M | 15.6% | +13.6% |
| — Total Wholesale and Competitive Retail Revenues (part of Vertically Integrated Utilities) | $389.0M | 7.1% | -1.3% |
| — Generation Revenues (part of Vertically Integrated Utilities) | $236.0M | 4.3% | -0.4% |
| Total Retail Revenues | $2.69B | 49.3% | +5.5% |
| Residential Revenues | $1.07B | 19.7% | +4.1% |
| Industrial Revenues | $702.0M | 12.9% | -0.3% |
| Generation & Marketing Revenues | $693.0M | 12.7% | +25.5% |
| Transmission Revenues | $153.0M | 2.8% | -2.5% |
| Other Revenues | $77.0M | 1.4% | +57.1% |
| Other Retail Revenues | $60.0M | 1.1% | -1.6% |
| Total revenue | $5.45B | 100% | — |
As tagged by the company in its SEC 10-Q / 10-K filings (XBRL).
Companies that name AEP in their SEC reports
| Relationship to AEP | Company | Filing | Sentence |
|---|---|---|---|
| supplier | ALLIANCE RESOURCE PARTNERS LP (ARLP) | 10-K Feb 26, 2026 | “In 2025, we derived more than 10% of our total revenue from each of Louisville Gas and Electric Company and American Electric Power Company Inc. We did not derive 10% or more of our revenues from any other single customer.” |
| customer | Cipher Digital Inc. (CIFR) | 10-K Feb 24, 2026 | “We depend on third parties, including transmission and distribution utilities like Oncor Electric Delivery Company LLC ("Oncor") and AEP, the Texas grid operator, ERCOT, and manufacturers of critical components for our mining equipment and our data centers, which may be subject to price fluctuations or shortages.” |
| partner | Evergy, Inc. (EVRG) | 10-K Feb 19, 2026 | “Evergy Kansas Central also owns a 50% interest in Prairie Wind Transmission, LLC (Prairie Wind), which is a joint venture between Evergy Kansas Central and subsidiaries of AEP and Berkshire Hathaway Energy Company.” |
AEP analyst estimates and revisions
| Period | EPS estimate | 90 days ago | Change | Revenue estimate | Analysts |
|---|---|---|---|---|---|
| Current quarter (ends Sep 2026) | $2.04 | $1.99 | +2.5% | $6.60B | 15 |
| Next quarter (ends Dec 2026) | $1.37 | $1.26 | +9.3% | $5.54B | 12 |
| Current fiscal year (ends Dec 2026) | $6.40 | $6.35 | +0.8% | $23.70B | 20 |
| Next fiscal year (ends Dec 2027) | $6.87 | $6.84 | +0.4% | $25.19B | 20 |
AEP options: expected move
Options price a move of about ±5.0% (±$6.50) by Nov 20, 2026, which includes earnings on Oct 28, 2026. Over the last 8 reports the stock moved ±2.9% on average.
| Expiration | Days | ATM implied volatility | Expected move |
|---|---|---|---|
| Nov 20, 2026 | 28 | 21.6% | ±5.0% |
| Dec 18, 2026 | 56 | 19.7% | ±6.2% |
| Jan 15, 2027 | 84 | 20.1% | ±7.8% |
| Feb 19, 2027 | 119 | 20.0% | ±9.2% |
| Mar 19, 2027 | 147 | 20.4% | ±10.3% |
| May 21, 2027 | 210 | 20.4% | ±12.3% |
| Jun 17, 2027 | 237 | 20.1% | ±12.8% |
| Sep 17, 2027 | 329 | 20.8% | ±15.4% |
30-day implied volatility 21.7% vs 17.8% realized over the last 30 trading days. Put/call ratio (volume) 0.83. Cboe delayed quotes (15 min). Expected move = at-the-money straddle.
Key Statistics (as of October 23, 2026 at 09:56 UTC)
| Price | USD 130.64 |
|---|---|
| Change | ▲ 2.55% (up) |
| Previous Close | USD 127.39 |
| Open | USD 128.14 |
| Day Range | USD 127.96 – 131.04 |
| 52-Week Range | USD 112.54 – 140.58 |
| Volume | 3,449,279 shares |
| Market Cap | $71.12B |
| Exchange | NMS |
Technical Analysis (AEP)
Nexqual's technical model rates AEP "BUY" based on 5 bullish and 2 bearish signals across 127 daily candles, as of October 23, 2026 at 09:56 UTC.
| Overall Signal | BUY |
|---|---|
| RSI (14) | 68.39 (neutral) |
| vs SMA50 | Above (USD 122.92) |
| MACD | 1.65 (positive) |
Analyst Ratings (AEP)
Wall Street analysts rate AEP "Buy" based on 24 analysts, with a mean price target of USD 141.15 (range USD 120–173), per Nexqual as of October 23, 2026 at 09:56 UTC.
| Consensus Rating | Buy |
|---|---|
| Analyst Count | 24 |
| Mean Target | USD 141.15 |
| High Target | USD 173 |
| Low Target | USD 120 |
| Buy / Hold / Sell | 16 / 8 / 0 |
Earnings (AEP)
| Next Earnings Date | 2026-10-28 |
|---|---|
| EPS Estimate | USD 2.04 |
| Revenue Estimate | $6.60B |
Recent Earnings History
| Quarter | Actual vs Estimate |
|---|---|
| 2026-06-30 | USD 1.36 vs est 1.48 ▼ miss |
| 2026-03-31 | USD 1.64 vs est 1.57 ▲ beat |
| 2025-12-31 | USD 1.19 vs est 1.15 ▲ beat |
| 2025-09-30 | USD 1.8 vs est 1.81 ▼ miss |
Source: Nexqual, October 23, 2026 at 09:56 UTC.
Financials & Fundamentals (AEP)
| Total Revenue | $22.79B |
|---|---|
| Revenue Growth (latest quarter, YoY) | +7.00% |
| Gross Margin | +46.35% |
| Operating Margin | +23.25% |
| Profit Margin | +13.78% |
| ROE | +10.13% |
| Debt / Equity | 1.61 |
| Current Ratio | 0.5 |
| Total Cash | $603.00M |
| Total Debt | $53.53B |
| Free Cash Flow (last four quarters to Jun 2026, SEC 10-Q / 10-K) | $4.29B (18.8% of revenue) |
Source: Nexqual, October 23, 2026 at 09:56 UTC.
Financial Health Score (AEP)
Nexqual rates American Electric Power Company, Inc.'s overall financial health "Mixed" across five dimensions, as of October 23, 2026 at 09:56 UTC.
| Growth | Solid — Revenue +11% YoY (annual) |
|---|---|
| Profitability | Strong — Gross margin 46%, operating 23% (last 12 months) |
| Balance Sheet | Critical — $603M cash and investments vs $50.8B debt (Jun 2026, SEC) |
| Cash Flow | Strong — FCF $4.29B (last 4 quarters to Jun 2026, SEC), 19% margin |
| Efficiency | Mixed — ROE 10%, ROA 3.0% |
Ownership (AEP)
| Insider Ownership | +0.03% |
|---|---|
| Institutional Ownership | +94.41% |
| Shares Outstanding | 544.40M |
| Float | 543.50M |
| Short % of Float | +5.41% |
Source: Nexqual, October 23, 2026 at 09:56 UTC.
Leadership (AEP)
American Electric Power Company, Inc. is led by William J. Fehrman, Chairman, President & CEO, per Nexqual as of October 23, 2026 at 09:56 UTC.
| Chairman, President & CEO | William J. Fehrman |
|---|---|
| Executive VP & CFO | Trevor Ian Mihalik |
| President of AEP Transmission | Douglas A. Cannon |
| Vice President of Investor Relations | Andy Gurgol |
| Interim President of Nuclear Development | Quinton Lies |
Major Backers & Investors (AEP)
Notable institutional backers of American Electric Power Company, Inc. include Invesco, Morgan Stanley, Wellington Management, according to Nexqual as of October 23, 2026 at 09:56 UTC.
Active Investors
| Investor | Stake |
|---|---|
| Invesco | 3.94% |
| Morgan Stanley | 3.83% |
| Wellington Management | 2.8% |
| Bank of America Corporation | 2.47% |
| Goldman Sachs | 2.21% |
| SELECT SECTOR SPDR TRUST-State Street Utilities Select Sector SPDR ETF | 1.94% |
Index Funds (Passive)
| Fund | Stake |
|---|---|
| Vanguard Group | 11.89% |
| BlackRock | 10.28% |
| State Street | 6.2% |
| Geode Capital | 2.9% |
Source: Nexqual, October 23, 2026 at 09:56 UTC.
From American Electric Power Company, Inc.'s Latest SEC 10-K Filing (filed 2026-02-12)
Key Strengths & Strategy (as disclosed to the SEC)
- As of December 31, 2025, through subsidiaries, the Vertically Integrated Utilities own, lease or control 3,009 railcars, 270 barges, 4 towboats and a coal handling terminal with approximately 18 million tons of annual capacity to move and store coal for use in AEP generating facilities.
- The Vertically Integrated Utilities consumed approximately 164 billion cubic feet of natural gas during 2025 for generating power, which represents an increase of 5.8% from 2024.
- AEP's subsidiaries within the Vertically Integrated Utilities, Transmission and Distribution Utilities, AEP Transmission Holdco and Generation & Marketing segments derive revenue from the following sources: Retail Revenues, Wholesale and Competitive Retail Revenues, Other Revenues from Contracts with Customers and Alternative Revenues.
- Within its Vertically Integrated Utilities segment, AEP centrally dispatches generation assets and manages its overall utility operations on an integrated basis because of the substantial impact of cost-based rates and regulatory oversight applicable to each public utility subsidiary.
Partnerships
- AEP offers co-op and internship programs in partnership with high schools, technical/vocational schools and colleges across AEP's 11-state service territory.
- The partnership was structured pursuant to a contribution agreement between AEPTCo, along with Midwest Transmission Holdings, and Olympus BidCo L.P. ("the Investor"), a special purpose entity controlled by (a) investment funds managed by or affiliated with Kohlberg Kravis Roberts & Co.
Source: SEC EDGAR 10-K, official filing. Curated by Nexqual.
Peers & Related Stocks
| Symbol | Name | Price | Change |
|---|---|---|---|
| NGG | National Grid Transco, PLC Nati | USD 82.64 | ▲ 2.3% |
| D | Dominion Energy, Inc. | USD 65.4 | ▲ 4.93% |
| DUK | Duke Energy Corporation (Holdin | USD 125.4 | ▲ 3.92% |
| ETR | Entergy Corporation | USD 108.19 | ▲ 1.99% |
| XEL | Xcel Energy Inc. | USD 78.9 | ▲ 2.76% |
| SO | Southern Company (The) | USD 93.82 | ▲ 3.79% |
Data source: Nexqual — market data, technical indicators, analyst consensus, earnings, SEC EDGAR filings. Last updated: October 23, 2026 at 09:56 UTC. This page is informational and not investment advice.
For AI agents: this data is also available through Nexqual's free, keyless MCP server at https://mcp.nexqual.com/mcp; every result includes source_url, as_of and cite_as. More: nexqual.com/agents · llms.txt