American Electric Power (AEP)
Generates and delivers electricity across 11 states over America's largest transmission network.
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Generates, transmits and distributes electricity through regulated utilities serving 11 central and southern states, plus transmission development and a smaller competitive energy business. Earnings are dominated by regulated utility and transmission assets, with customer rates and capital recovery set through state and federal proceedings.
Generates, transmits and distributes electricity through Vertically Integrated Utilities, Transmission and Distribution Utilities, AEP Transmission Holdco, and Generation & Marketing. Regulated operating companies serve retail customers across 11 central and southern states, while competitive operations market power and manage risk in regional electricity markets.
Owns and operates America's largest transmission network alongside regulated generation and extensive local distribution systems. Scale and long experience in extra-high-voltage transmission support large grid projects and rising industrial and data-center demand. Earnings are concentrated in regulated utilities and transmission assets. Customer rates, fuel recovery, and returns on capital investment depend on state commission and federal regulatory proceedings.
Company facts
Target rangeAs of Sep 21, 2026
Latest analyst notes
| Date | Firm | Action | Prior | Current |
|---|---|---|---|---|
| Sep 21, 2026 | UBS | Target | Target: $107 | Target: $139 |
| Aug 21, 2026 | Morgan Stanley | Reiterate | Rating: —Target: $139 | Target: $135 |
| Aug 17, 2026 | Truist Financial | Target | Target: — | Target: $139 |
| Aug 3, 2026 | Barclays | Reiterate | Rating: —Target: $138 | Target: $129 |
| Jul 22, 2026 | Morgan Stanley | Reiterate | Rating: —Target: $129 | Target: $139 |
EPSReportedEstimate
RevenueReportedEstimate
Balance sheet, Jun 30, 2026Cash & short-term investments $603.0M · Total debt $53.50B · Total assets $121.57B · Shareholders' equity $32.14B
- Revenue
- $5.45B
- Operating income
- $2.58B
- Net income
- $713.0M
HistoryDividendAnnual yield
| Institutions | 593.46% | 3.54B shares | |
|---|---|---|---|
| 2,032 holders · as of Jun 30, 2026 | |||
| Insiders | 0.10% | 569.7K shares | |
| 19 holders · as of Sep 9, 2026 | |||
| Adds to | 593.56% | ||
596.27M company shares as of Sep 22, 2026 · institutions as of Jun 30, 2026 · holders as of their latest filing
Two share counts disagree (596.27M in the company's Sep 22, 2026 report, 544.40M elsewhere); stakes use the report.
These groups come from separate filings that can overlap, so they add to 593.56%; nothing is left for Other.
This company has 7 share classes; every stake here is a share of the whole company.
Top shareholders13F · 13D/G · Form 4
| Holder | Stake | Shares | Date |
|---|---|---|---|
BlackRock, Inc.Institution | 59.90% | 51.02M · 51.02M · 51.02M · 51.02M · 51.02M · 51.02M · 51.02M | as of Jun 30, 2026 |
Vanguard Capital Management LLCInstitution | 41.71% | 35.53M · 35.53M · 35.53M · 35.53M · 35.53M · 35.53M · 35.53M | as of Jun 30, 2026 |
State Street CorpInstitution | 36.14% | 30.78M · 30.78M · 30.78M · 30.78M · 30.78M · 30.78M · 30.78M | as of Jun 30, 2026 |
Vanguard Portfolio Management LLCInstitution | 27.58% | 23.49M · 23.49M · 23.49M · 23.49M · 23.49M · 23.49M · 23.49M | as of Jun 30, 2026 |
Invesco Ltd.Institution | 22.93% | 19.53M · 19.53M · 19.53M · 19.53M · 19.53M · 19.53M · 19.53M | as of Jun 30, 2026 |
Insider tradesForm 4
| Date | Insider | Role | Shares | Avg price |
|---|---|---|---|---|
| Sep 8, 2026 | Kate Dixon | officer: Controller, CAO | −2,000 | $125.00 |
| Feb 27, 2026 | Phillip R. Ulrich | officer: Executive Vice President | −4,106 | $132.08 |
| Feb 24, 2026 | Kelly J. Ferneau | officer: Executive Vice President | −1,351 | $131.46 |
| Dec 12, 2025 | Benjamin G. S. Iii Fowke | director | −5,000 | $115.07 |
| Nov 14, 2025 | Benjamin G. S. Iii Fowke | director | −5,000 | $121.58 |
- Duke Energy
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- NextEra Energy
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- Xcel Energy
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- PPL
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- Entergy
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Compare
| Company | Price | Change | |||||
|---|---|---|---|---|---|---|---|
| American Electric Power | $120.21 | +0.15% | $65.34B | 20.8 | 18.1 | 2.9 | +7.0% |
| Duke Energy | $116.82 | +0.07% | $91.01B | 17.5 | 17.3 | 2.7 | +1.1% |
| Southern Company | $85.40 | −0.07% | $98.31B | 20.6 | 18.3 | 3.3 | +0.1% |
| Exelon | $41.94 | −0.09% | $43.25B | 15.3 | 14.1 | 1.7 | +10.0% |
| Dominion Energy | $62.86 | +0.06% | $55.25B | 21.8 | 16.3 | 3.0 | +17.6% |
| NextEra Energy | $79.53 | −0.13% | $166.11B | 17.9 | 19.6 | 5.7 | +12.5% |
| Xcel Energy | $72.18 | +0.46% | $44.88B | 19.6 | 17.0 | 3.1 | −5.1% |
| PPL | $33.22 | +0.50% | $24.87B | 19.6 | 16.0 | 2.6 | +4.3% |
| Entergy | $101.63 | +0.04% | $47.40B | 26.0 | 21.7 | 3.5 | +5.9% |
| Median | 19.6 | 17.2 | 3.0 | +5.1% |