American Electric Power Co Inc (AEP)
Official siteUTILITIES • UTILITIES - REGULATED ELECTRIC • NASDAQ
Market Cap: $66.65B
Last updated: Sep 01, 2026 at 5:00 PM ET
Earnings
Performance (10Y)
Upcoming Estimates
Dividends
Dividend Metrics
Growth
Key Metrics
Technical Indicators Dashboard
Moving Averages
MACD
ADX
Aroon & PSAR
Bollinger Bands
RSI (14-Day)
Momentum Oscillators
Volatility Measures
Volume Flow
Volume Metrics
Pivot Points
Advanced Oscillators
Financial Data
Related GNG Research
The mid-year 2026 Vulcan AI Spine Model Portfolio Update
Vulcan AI Spine is a 29-stock, 100% invested thematic model to be tracked six-to-nine months through Jan-Apr 2027, largest weight 5.6%, smallest 1.3%, weights used as primary risk control Portfolio allocations are 41.0% Core AI, 28.5% Physical Buildout, 25.0% Power & Utilities, and 5.5% GE Vernova as the bridge, with individual weights summing exactly to 100% Five backbone infrastructure names - NVDA, TSM, GOOGL, AVGO, ASML - comprise 25.1% of the portfolio and 61.2% of Core AI; NVDA interest coverage ~629x, TSM capex 33.5% of sales, ASML 41.5x forward PE Cyclical or expectation-dependent Core AI positions are sized conservatively - MU at 6.4x forward earnings and 80.4% operating margin (3.8% weight), MRVL is -41.1% from its 52-week high, ANET FCF conversion 54.4% Goldman baseline models $7.6tn AI capex 2026-31 - compute $5.1tn, data centers $2.1tn, power $0.358tn - portfolio intentionally overweights power and GEV to capture regulated, uncorrelated cashflows, construction backlog
My 2026 Top 10 AI Power & Utilities Refresh
Core thesis validated - AI-driven data center demand intensified physical bottlenecks (transformers, substations, interconnection queues); AEP ~138, WEC ~119, ETR ~114, CEG fell to ~251 from a $412 high Scarcity failed to translate to market prices where regulators intervene - PJM capacity ran $28.92 to $269.92 to $329.17, collars capped upside, uncapped clears ~18% higher; data centers drove 63% of prior rise, ~$9.3bn Regulatory rulings determine investor returns - Dominion ROE set at 9.8% vs 10.4% request, base-rate increase cut $822m to $566m (31% haircut); five of six regulated names burn free cash flow and issue equity Different business economics - GEV spends 3.8% of sales on CapEx and generates ~$27.67 FCF per share, while regulated utilities spend 50-71% of revenue on CapEx and fund growth via dilution and debt Buy selectively using blended fair value (60% Vulcan, 40% analyst); buy CEG (~26% below), VST (~21% below), NEE (~10% below); DUK/WEC/SO around fair; trim AEP (~14% above), ETR (~10% above), D (~9% above)
2026 Top 10 AI Power & Utilities: The Real AI Trade Nobody's Talking About
Part 2 of our 3-part AI investment series. Part 1 covered the 2026 Top 10 AI Stock Picks using the Vulcan Systematic Framework. Part 3 explores Power, Pipes, and Cooling infrastructure plays. The real AI bottleneck isn't chips—it's megawatts. Transformer lead times now exceed 150 weeks. Data center power demand is set to nearly double by 2028, but the grid infrastructure doesn't exist yet. Hyperscalers are signing multi-decade power purchase agreements with regulated utilities. Duke Energy extended coal operations for AI load. WEC raised capex $8.5B for one data center project. The money is moving. We screened 900+ utility and power names through the Vulcan-mk5 framework. 10 passed every gate: quality, growth, safety, valuation, and direct AI-power exposure. Three carry WATCH status for valuation. The "AI Power Spine" portfolio: 60% regulated utilities (AEP, WEC, EMA, DUK, ETR, NEE) for defensive yield, 10% nuclear anchor (CEG) for 24/7 baseload, 30% industrial picks+shovels (ETN, VRT, PWR) for growth exposure. The risk/reward is asymmetric: if AI demand explodes, these stocks rerate higher. If AI stalls, they still earn regulated returns and pay 3-4% dividends. Decade-long contracts provide downside protection. Key thesis killers: extended high rates compressing utility multiples, regulatory pushback on AI infrastructure cost recovery, hyperscaler capex cuts exceeding 30%, or nuclear sentiment reversal. Position accordingly.
Government Contracts
Top agency: Department of Justice at 82.5% of trailing twelve month obligations across 2 agencies
Recent Awards
Federal contract obligations are bookings recorded by the awarding agency, not recognized revenue. They can exceed 100% of revenue and can be negative when contracts are de-obligated. Source: USAspending.gov prime awards, data through Jul 31, 2026.
News
Frequently Asked Questions About AEP
- What is AEP's current dividend yield?
- American Electric Power Co Inc (AEP) has a current dividend yield of 3.10%.
- Does AEP pay dividends?
- Yes, American Electric Power Co Inc pays dividends with a current yield of 3.10%.
- What is AEP's P/E ratio?
- American Electric Power Co Inc has a price-to-earnings (P/E) ratio of 20.44.
- What is AEP's market cap?
- American Electric Power Co Inc (AEP) has a market capitalization of $66.65B with a current stock price of $122.43.
Get full access to GNG Research
Create a free account to access portfolio tracking, advanced tools, and more.