American Electric Power (AEP)
Utilities · NASDAQ · US
Price as at 11 Aug 2026, 11:16 UTC. Quotes are delayed.
Fundamentals
Valuation and ratings
American Electric Power trades at $122.84, close to the $125.40 our fair value estimate puts on the business. On this measure the market and the model broadly agree, so the interesting question is which of them is wrong.
Our moat model scores it 62 out of 100, which is a moat, but not a deep one. A moat is a structural reason competitors cannot take the profits away, and it matters more to a long holding period than any single quarter's numbers do.
It changes hands at 20.0 times earnings. Be careful reading that in isolation: for a cyclical business a low P/E arrives at the top of the cycle, when profits are peaking and about to fall, which is exactly when the shares look cheapest and are not.
AEP dividend history
Dividends per share by year
| Year | Total per share | Payments |
|---|---|---|
| 2026 (year to date) | $0.950 | 1 |
| 2005 | $0.350 | 1 |
| 2004 | $1.40 | 4 |
| 2003 | $1.65 | 4 |
| 2002 | $2.40 | 4 |
| 2001 | $2.40 | 4 |
| 2000 | $2.40 | 4 |
| 1999 | $2.40 | 4 |
| 1998 | $2.40 | 4 |
| 1997 | $2.40 | 4 |
| 1996 | $2.40 | 4 |
Split-adjusted amounts in the listing currency, grouped by the calendar year of the ex-dividend date, from the filed record. Growth and streak figures compare complete years only.
AEP earnings and analyst estimates
Recommendation mix, 24 published ratings
Estimates are the published analyst consensus and move often. An earnings date is scheduled, not certain, and a share tends to reprice most violently on the day itself.
About American Electric Power
American Electric Power Company, Inc., an electric public utility holding company, engages in the generation, transmission, and distribution of electricity for sale to retail and wholesale customers in the United States. It operates through Vertically Integrated Utilities, Transmission and Distribution Utilities, AEP Transmission Holdco, and Generation & Marketing segments. The company generates electricity using coal and lignite, nuclear, natural gas, renewable, hydro, solar, wind, and other energy sources; owns, operates, maintains, and invests in transmission infrastructure; and engages in the retail supply, and wholesale energy trading and marketing businesses. It operates approximately 252,000 circuit miles of distribution lines; 38,000 circuit miles of transmission lines; and 25,000 MWs of regulated owned generating capacity. American Electric Power Company, Inc. was incorporated in 1906 and is headquartered in Columbus, Ohio.
Company profile, industry and headcount are as reported by our data provider and can lag a company's own filings by a reporting period. The annual report is the authority.
AEP passes 3 of our 30 screens today
Each screen prints the exact criteria it used, and the circumstances in which it is wrong.
Super investor ownership
17 of the funds we track reported a position in their latest SEC 13F filing. Largest first:
- Dodge & Cox, DODGE & COX$1.15B · 0.6% of book
- Israel Englander, MILLENNIUM MANAGEMENT LLC$544.16M · 0.2% of book
- Capital Research Global, Capital Research Global Investors$195.46M · 0.0% of book
- Cliff Asness, AQR CAPITAL MANAGEMENT LLC$176.35M · 0.1% of book
- George Soros, SOROS FUND MANAGEMENT LLC$105.07M · 1.3% of book
A word of warning on reading these figures: a 13F reports the market value of a holding, so a fund that traded nothing at all still appears to have sold when the price fell. We found 102 companies where the standard reading gives the opposite answer. Only the share count is honest.
Common questions
Is American Electric Power (AEP) undervalued?
Against our fair value estimate of $125.40, AEP at $122.84 is 2% below fair value. That is one model's answer, not a recommendation. It is built from normalized earning power with growth capped deliberately low, which understates companies whose value is mostly future growth.
Which funds own AEP?
17 of the institutions we track reported a position in AEP in their most recent SEC 13F filing. A 13F is filed up to 45 days after quarter end, so it tells you what a fund held then, not what it holds now.
What is AEP's P/E ratio?
AEP trades at 20.0 times earnings. A low P/E is not automatically cheap: on a cyclical company it is usually a warning that earnings are at a peak.
Does American Electric Power (AEP) pay a dividend?
Yes. American Electric Power yields 2.81% at the current share price. It has paid $0.950 per share over the trailing twelve months. It has paid a dividend in each of the last 44 complete calendar years. A dividend is declared by the board and can be cut at any time; a yield is a fact about the current price, not a promise.
Where does SteadyShares get its AEP data?
Fundamentals for AEP come from company filings and exchange data, as listed on NASDAQ; institutional ownership comes from SEC 13F filings. The share price shown was last refreshed on 11 Aug 2026, 11:16 UTC and is delayed. Metrics we do not hold are left out of the page rather than estimated.
The full research page for AEP, with financial statements, ownership detail, peer comparison and alerts, is free inside the app.
Data from company filings, exchange quotes and SEC EDGAR 13F disclosures. Quotes are delayed. Metrics we do not have are left out rather than estimated. Educational information, not financial advice.