Company
American Electric Power Company, Inc.
Headquarters: Columbus, OH, United States
Founded: 1906
Employees: 16,688
CEO: Mr. Nicholas K. Akins
Market Cap
$46.31 Billion
USD as of July 1, 2024
American Electric Power Company, Inc. Categories
United States Utilities Utilities—Regulated ElectricUnited States Utilities United States Utilities—Regulated Electric
Company Description
American Electric Power, also known by the acronym AEP, is an electric utility company. Tracing its origins to 1906, AEP now operates in power generation primarily with coal-fueled power plants, but also with natural gas and nuclear plants, and wind, hydro, pumped storage, and other sources. It is also involved in power transmission and delivery through local subsidiaries in Ohio, Texas, Tennessee, West Virginia, Indiana, Michigan, Kentucky, Oklahoma, Arkansas, and Louisiana.
Top Competitors by Market Capitalization
Industry: Utilities—Regulated Electric
| Company | Market Cap (USD) |
|---|---|
| NextEra Energy | $147.58 B |
| The Southern Company | $84.98 B |
| Duke Energy Corporation | $77.61 B |
| PG&E Corporation | $44.66 B |
| Consolidated Edison, Inc. | $30.87 B |
Sector:
| Company | Market Cap (USD) |
|---|---|
| NextEra Energy | $147.58 B |
| China Yangtze Power Co. Ltd | $98.70 B |
| The Southern Company | $84.98 B |
| Iberdrola, SA | $79.29 B |
| Duke Energy Corporation | $77.61 B |
Detailed Description
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, natural gas, nuclear, hydro, solar, wind, and other energy sources. It also supplies and markets electric power at wholesale to other electric utility companies, rural electric cooperatives, municipalities, and other market participants. American Electric Power Company, Inc. was incorporated in 1906 and is headquartered in Columbus, Ohio.
Top 1-year algo backtest: +265.99%
$10,000 in October 2023 would now be $36,599 by following this algorithm daily at market close.
Use AI to boost your investing & swing trading, now!
Try Disfold DeepFinance FREE
Stocks & Indices
American Electric Power Company, Inc. has the following listings and related stock indices.
Stock: NASDAQ: AEP wb_incandescent
Stock: FSX: AEP wb_incandescent
Product & Services
Electricity generationElectric power transmissionElectricity distribution
Key People
Nick Akins (CEO)
Financials
Revenue: US$8.879 Billion (Fiscal Year Ended 31 December 2020)
Operating income: US$1.507 Billion (Fiscal Year Ended 31 December 2020)
Net income: US$1.064 Billion (Fiscal Year Ended 31 December 2020)
Total assets: US$80.757 Billion (Fiscal Year Ended 31 December 2020)
Total equity: US$20.774 Billion (Fiscal Year Ended 31 December 2020)