Headquartered in Columbus, Ohio, American Electric Power Company, Inc. (AEP) is a major utility company with a market cap of $50.9 billion. AEP is one of the largest electric utilities in the U.S., providing reliable electricity to millions of customers across 11 states. The company operates a diverse portfolio of power generation assets, including coal, natural gas, nuclear, and renewable energy sources.
AEP's shares have underperformed the broader market over the past 52 weeks. AEP has gained 22.1% over this time frame, while the broader S&P 500 Index ($SPX) rallied 24.9%. However, in 2024, the stock has gained 18.9%, compared to SPX's 16.2% returns on a YTD basis.
