With a market cap of $60.8 billion, American Electric Power Company, Inc. (AEP) is one of the largest integrated electric utilities in the United States, serving over 5.6 million customers across 11 states. The company generates, transmits, and distributes electricity through a diverse mix of energy sources, while operating extensive transmission and distribution infrastructure.
Shares of the Columbus, Ohio-based company have underperformed the broader market over the past 52 weeks. American Electric Power stock has returned 15.6% over this time frame, while the broader S&P 500 Index ($SPX) has rallied 19.8%. However, shares of AEP are up 22.8% on a YTD basis, outperforming SPX's 8.3% rise.
