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Based in Columbus, Ohio, American Electric Power Company, Inc. (AEP), founded in 1906, stands as a leading investor-owned electric utility in the U.S. Serving over five million customers across 11 states, American Electric boasts nearly 38,000 megawatts of generating capacity. With a $46.9 billion market cap, it thrives in economically robust regions like the Midwest and Ohio Valley, benefiting from major manufacturing hubs and millennial migration.
Shares of American Electric underperformed the broader market over the past 52 weeks. AEP has gained 4.5% over this time frame, while the broader S&P 500 Index ($SPX) rallied 28.9%. Even with a 9.5% rise in 2024, shares of American Electric trail the SPX's 11.2% gains on a YTD basis.
