Columbus, Ohio-based American Electric Power Company, Inc. (AEP) is an electric utility company that generates, transmits, and distributes electricity to millions of customers. Valued at a market cap of $64.1 billion, the company operates one of the largest electricity transmission systems and invests heavily in renewable energy, grid modernization, and sustainability initiatives to support the transition toward cleaner and more reliable power.
Shares of this utility company have outpaced the broader market over the past 52 weeks. AEP has rallied 24.4% over this time frame, while the broader S&P 500 Index ($SPX) has gained 13.7%. Moreover, on a YTD basis, the stock is up 29.8%, compared to SPX’s 14.6% uptick.
