With a market cap of $49.9 billion, Columbus, Ohio-based American Electric Power Company, Inc. (AEP) specializes in the generation, transmission, and distribution of electricity across the U.S. Serving over 5.5 million customers, it utilizes a diverse energy mix including coal, natural gas, renewables, and nuclear.
Shares of the utility company have underperformed the broader market over the past 52 weeks. AEP stock has risen 25.9% over this time frame, while the broader S&P 500 Index ($SPX) has rallied 30.4%. In 2024, shares of AEP are up 18.6%, compared to SPX's 23.1% gain on a YTD basis.
