AEP
American Electric Power Company, Inc.
AEP's fundamentals are mixed: it turned 14% of its revenue into free cash flow, but its operating margin fell 2 points to 23%. At 21x earnings, it's trading in line with its usual 20x. Analysts expect earnings growth.
AEP Fundamentals
| Metric | Status |
|---|---|
| Healthy | |
| Healthy | |
| Healthy | |
| Unavailable |
AEP's revenue, profitability and cash flow are currently healthy. There isn't enough data to rate its balance sheet.
AEP PE Valuation
| Level | PE | Price | Vs current |
|---|---|---|---|
| Cheap | 18x | $110 | -15% |
| Forward | 19x | $129 | — |
| Fair | 20x | $119 | -7.3% |
| Expensive | 21x | $131 | +1.4% |
| Current | 21x | $129 | — |
Historical ranges are pointers, not guarantees.
AEP's PE is in its expensive range at 21x. If earnings grow as analysts expect, today's price would be 19x next year's earnings, in its cheap range.
AEP Forward outlook
| Metric | Outlook |
|---|---|
| Improving | |
| Growth | |
| Growth | |
| Weakening | |
| Limited | |
| Moderate |
Analysts expect earnings and revenue growth for AEP, but weaker profitability.
AEP Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Forward | $6.83 | +12% |
| Q3 2026 | $6.12 | -11% |
| Q2 2026 | $5.77 | -16% |
| Q1 2026 | $6.76 | +31% |
| Q4 2025 | $6.66 | +19% |
| Q3 2025 | $6.84 | +38% |
| Q2 2025 | $6.83 | +37% |
| Q1 2025 | $5.18 | -3.5% |
| Q4 2024 | $5.58 | +32% |
AEP earned $6.12 per share over the past year, down 11% from the year before.
AEP Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q3 2026 | $6.8B | +14% |
| Q2 2026 | $5.4B | +7% |
| Q1 2026 | $6B | +10% |
| Q4 2025 | $5.3B | +13% |
| Q3 2025 | $6B | +11% |
| Q2 2025 | $5.1B | +11% |
| Q1 2025 | $5.5B | +8.7% |
| Q4 2024 | $4.7B | +2.6% |
AEP's revenue has grown year over year for 11 quarters in a row: $6.8B last quarter, up 14% from the same quarter a year ago.
| Quarter | Margin | YoY |
|---|---|---|
| Q3 2026 | 27% | +1.2 points |
| Q2 2026 | 23% | -4.6 points |
| Q1 2026 | 23% | -0.9 points |
| Q4 2025 | 21% | -2.4 points |
| Q3 2025 | 25% | +0.4 points |
| Q2 2025 | 28% | +13 points |
| Q1 2025 | 24% | +0.2 points |
| Q4 2024 | 23% | +9.7 points |
AEP's operating margin was 27% last quarter, up 1.2 points from the same quarter a year ago, near the top of its range since 2019.
AEP Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q3 2026 | $1.3B | -41% |
| Q1 2026 | $554M | -62% |
| Q4 2025 | $17.5M | -99% |
| Q3 2025 | $2.2B | -0.5% |
| Q1 2025 | $1.5B | +0.5% |
| Q4 2024 | $1.7B | +29% |
| Q3 2024 | $2.2B | +21% |
| Q2 2024 | $1.5B | +26% |
AEP still generates free cash flow, though less than at its 2024 peak: $3.4B over the past year.
AEP Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | -0.1% | -525K shares |
| 1 year | +2.3% | +12.1M shares |
| 3 years | +5.5% | +28.7M shares |
| 5 years | +9.5% | +47.5M shares |
| Available history | +11% | +54.8M shares |
AEP has 550M diluted shares, up 2.3% from a year ago.
AEP Net Leverage
AEP Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 53.3 | Neutral |
| Stochastic | 70.8 | Neutral |
AEP's weekly RSI is 53 (neutral) and its Stochastic is 71 (neutral).
AEP PE vs Utilities Sector
| Metric | AEP | Sector median | Relative |
|---|---|---|---|
| PE | 21x | 20x | 3.2% above |
| PE % | 79 | 44 | 35 pts above |
AEP is trading at 21x earnings, in line with the Utilities sector's median of 20x.
AEP Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $125.4 | 2.8% above |
| 20 week MA | $126.8 | 1.7% above |
| 50 week MA | $126.7 | 1.8% above |
| 100 week MA | $116.8 | 10% above |
| 200 week MA | $102.2 | 26% above |
AEP is in an uptrend: it's above all five of its weekly moving averages, and 26% above its 200-week average.
AEP Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2020 | $94.2 | $81.4 | -14% |
| 2021 | $81.4 | $86.5 | +6.3% |
| 2022 | $86.5 | $95.7 | +11% |
| 2023 | $95.7 | $81.2 | -15% |
| 2024 | $81.2 | $92.5 | +14% |
| 2025 | $92.5 | $115.7 | +25% |
| 2026 YTD | $115.7 | $128.9 | +11% |
AEP has finished higher in four of the last six years. It's up 11% so far in 2026.