Valued at a market cap of $53.4 billion, American Electric Power Company, Inc. (AEP) is an electric public utility holding company that engages in the generation, transmission, and distribution of electricity for sale to retail and wholesale customers. The Columbus, Ohio-based company generates electricity using coal and lignite, natural gas, renewable, nuclear, hydro, solar, wind, and other energy sources.
This utility company’s shares have outpaced the broader market over the past 52 weeks. AEP has rallied 29.8% over this time frame, while the broader S&P 500 Index ($SPX) has gained 20.6%. Moreover, the stock is up 8.8% on a YTD basis, compared to SPX’s 2.5% rise during the same time frame.
