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American Electric Power
AEP · NASDAQUtilities — Regulated Electric
The economic chain
Follow the chain left → right, from inputs to end demand. Tap any company to trace its links.
Raw inputs
Equipment
Foundry
Chip design
Software
AI demand
Fuel &resourcesCoal, gas, uranium, wind/…Grid equipmentTurbines, transformers, l…GenerationPower plants & PPAsTransmission &distributionThe wires AEP ownsLoad /customersRatepayers & data centresFUELCoal & gas suppliersUNuclear fuel suppliersRNWWind / solar developersGEVGE VernovaTRFTransformer & cable makersGENAEP generation fleetAEPAmerican Electric PowerTXAEP Transmission···Homes & businessesDCData centresISOPJM / ERCOT / SPP
Company details
Market cap
$74B
P/E ratio
19×
Div yield
3.3%
EPS (oper.)
~$5.85
Payout ratio
~56%
Rev. growth
+11%
Revenue
$21.9B
5-yr capex plan
$72B
In plain English
American Electric Power is a regulated electric utility that keeps the lights on for ~5.6 million customers across 11 states — owning one of the largest transmission grids in the US (~40,000 circuit-miles). Its growth story has flipped: after years of flat demand, an explosion of data-centre and industrial load is driving a ~$72B five-year capital plan to build transmission, generation and distribution. Earnings are set by state regulators on the capital it invests, so wires and power plants are the engine.
In simple terms
What American Electric Power really sells
American Electric Power is a regulated electric utility that keeps the lights on for ~5.6 million customers across 11 states — owning one of the largest transmission grids in the US (~40,000 circuit-miles). Its growth story has flipped: after years of flat demand, an explosion of data-centre and industrial load is driving a ~$72B five-year capital plan to build transmission, generation and distribution. Earnings are set by state regulators on the capital it invests, so wires and power plants are the engine.
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Risk read
Moderate
SteadierMore speculative
Why this rating?