With a market cap of $55.9 billion, American Electric Power Company, Inc. (AEP) is one of the largest electric utility holding companies in the United States, providing electricity to 5.6 million customers across 11 states. The company operates through multiple business segments, including electricity generation, transmission, distribution, and energy marketing.
Shares of the Columbus, Ohio-based company have outperformed the broader market over the past 52 weeks. American Electric Power stock has returned 15.1% over this time frame, while the broader S&P 500 Index ($SPX) has rallied 8.6%. Moreover, shares of AEP are up 13.5% on a YTD basis, compared to SPX's 3.8% decline.
