American Electric Power (AEP) is a major investor-owned electric utility in the United States, delivering electricity to more than five million customers in 11 states.
| Revenue (TTM) | $22.79B |
| Gross Profit (TTM) | $10.56B |
| EBITDA | $9.03B |
| Operating Margin | 23.30% |
| Return on Equity | 10.10% |
| Return on Assets | 2.98% |
| Revenue/Share (TTM) | $42.27 |
| Book Value | $58.93 |
| Price-to-Book | 2.01 |
| Price-to-Sales (TTM) | 3.04 |
| EV/Revenue | 5.15 |
| EV/EBITDA | 12.61 |
| Quarterly Earnings Growth (YoY) | -43.20% |
| Quarterly Revenue Growth (YoY) | 7.00% |
| Shares Outstanding | $544.40M |
| Float | $543.50M |
| % Insiders | 0.03% |
| % Institutions | 94.43% |
Volatility is currently expanding
American Electric Power plans to invest about $4 billion in a Wyoming fuel cell generation project to meet growing energy demand from Alphabet's Google.
American Electric Power to invest $4 billion in fuel cell project to power Google
COLUMBUS, Ohio, Oct. 14, 2026 /PRNewswire/ -- American Electric Power (Nasdaq: AEP) plans to invest approximately $4 billion to advance a new 702-megawatt fuel cell generation project near Cheyenne, Wyoming, under a long-term 20-year power purchase agreement (PPA) with Google, marking a significant step in AEP's strategy to serve growing demand from large-scale customers. Under the PPA, Google will acquire power from Cheyenne Fuel Cell, LLC, which is approximately 92% owned and controlled by AEP, and nearly 8% owned by funds advised by Basalt Infrastructure Partners, LLP.
Some dividends are backed by nothing more than last quarter's earnings, but a handful of companies collect rent, regulated utility bills, and trash pickup fees under contracts that make next year's cash flow visible before the year even begins.
AEP is borrowing heavily and selling stock to fund a $78 billion buildout for data center demand, all while its dividend raise pace quietly shrinks.
ASHLAND, Ky., Oct. 5, 2026 /PRNewswire/ -- Kentucky Power has finalized an amended agreement that would double its contracted electric demand with TeraWulf Inc. (Nasdaq: WULF) while delivering significant long-term benefits for customers and communities across eastern Kentucky.
Data centers are quietly reshaping which utility stocks deserve a spot in an income portfolio, and four regulated electric companies just locked in contracts that could rewrite their dividend growth stories for the next decade.
American Electric Power is rated a Buy, supported by robust demand growth, especially from data center expansions in its service areas. AEP raised FY 2026 operating earnings guidance to $6.25–$6.55 per share, projecting 7–8% annual growth through 2027 and >9% CAGR through 2030. A $78 billion capex plan targets transmission, generation, and distribution, with Texas as the largest beneficiary, underpinning long-term earnings visibility.
American Electric Power is well-positioned to benefit from surging data center-driven electricity demand and robust contracted load growth. AEP's $78 billion capital plan, backed by 69 GW of contracted incremental load, supports management's 7–9% long-term EPS growth outlook. With a 19.5x forward P/E and a 3.05% yield, AEP offers low-volatility, income, and growth.
Representative David J. Taylor, a Republican from Ohio, has reported six congressional stock trades, selling off holdings in biotech and technology while purchasing shares in utility, semiconductor, and a regional bank.
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