OverviewSuggest Edit

American Electric Power (AEP) is a utility holding company that engages in the generation, transmission, and distribution of electricity for sale to retail and wholesale customers. The company generates electricity using coal and lignite, natural gas, nuclear, hydroelectric, 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.
TypePublic
Founded1906
HQColumbus, OH, US
Websiteaep.com
Employee Ratings3.8
Overall CultureC+

Latest Updates

Employees (est.) (Dec 2020)16,787(-3%)
Job Openings113
Revenue (FY, 2020)$14.9 B(-4%)
Share Price (Jul 2021)$88.1(-1%)

Key People/Management at American Electric Power

Nicholas K. Akins

Nicholas K. Akins

Chairman, President and Chief Executive Officer
Lisa M. Barton

Lisa M. Barton

Executive Vice President – Utilities for American Electric Power
Paul Chodak III

Paul Chodak III

Executive Vice President – Generation
David M. Feinberg

David M. Feinberg

Executive Vice President, General Counsel and Secretary
Lana L. Hillebrand

Lana L. Hillebrand

Executive Vice President & Chief Administrative Officer, American Electric Power
Charles Patton

Charles Patton

Executive Vice President – External Affairs, American Electric Power
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American Electric Power Office Locations

American Electric Power has offices in Columbus, Abilene, Ashland, Bridgman and in 34 other locations
Columbus, OH, US (HQ)
AEP Building, 1 Riverside Plaza
Abilene, TX, US
4550 Loop 322
Ashland, KY, US
1645 Winchester Ave
Bridgman, MI, US
9970 Red Arrow Hwy
Buchanan, MI, US
500 Circle Dr
Canton, OH, US
301 Cleveland Ave SW
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American Electric Power Financials and Metrics

American Electric Power Revenue

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American Electric Power's revenue was reported to be $14.92 b in FY, 2020 which is a 4.1% decrease from the previous period.
USD

Revenue (Q1, 2021)

4.3b

Gross profit (Q1, 2021)

2.7b

Gross profit margin (Q1, 2021), %

63.5%

Net income (Q1, 2021)

578.8m

EBIT (Q1, 2021)

810.3m

Market capitalization (30-Jul-2021)

44.0b

Closing stock price (30-Jul-2021)

88.1

Cash (31-Mar-2021)

273.2m

EV

80.3b
American Electric Power's current market capitalization is $44 b.
Annual
USDFY, 2018FY, 2019FY, 2020

Revenue

16.2b15.6b14.9b

Revenue growth, %

5%(4%)(4%)

Cost of goods sold

5.8b5.1b4.4b

Gross profit

10.4b10.5b10.5b
Quarterly
USDQ1, 2019Q2, 2019Q3, 2019Q1, 2020Q2, 2020Q3, 2020Q1, 2021

Revenue

4.1b3.6b4315.0t3.7b3.5b4.1b4.3b

Cost of goods sold

1.9b1.1b1415.1t1.2b964.9m1.2b1.6b

Gross profit

2.2b2.4b2899.9t2.6b2.5b2.9b2.7b

Gross profit Margin, %

54%68%67%69%72%70%64%
Annual
USDFY, 2018FY, 2019FY, 2020

Cash

234.1m246.8m392.7m

Accounts Receivable

1.9b1.7b1.8b

Inventories

921.1m1.2b1.3b

Current Assets

4.1b4.1b4.4b
Quarterly
USDQ1, 2019Q2, 2019Q3, 2019Q1, 2020Q2, 2020Q3, 2020Q1, 2021

Cash

22.8m210.5m348.8m1.6b348.8m409.7m273.2m

Accounts Receivable

1.9b1.8b1.8b1.7b1.8b1.9b1.9b

Inventories

946.6m1.0b1.1b1.2b1.3b1.3b1.3b

Current Assets

3.9b4.1b4.2b5.3b4.3b4.3b4.3b
Annual
USDFY, 2018FY, 2019FY, 2020

Net Income

1.9b1.9b2.2b

Depreciation and Amortization

2.3b2.5b2.7b

Inventories

20.7m(248.2m)(142.9m)

Accounts Payable

36.6m5.8m(35.3m)
Quarterly
USDQ1, 2019Q2, 2019Q3, 2019Q1, 2020Q2, 2020Q3, 2020Q1, 2021

Net Income

574.1m1.0b1.8b499.3m1.0b1.8b578.8m

Depreciation and Amortization

605.8m1.2b1.9b672.2m1.4b2.0b696.3m

Inventories

(26.4m)(114.6m)(116.6m)(35.8m)(120.3m)(97.4m)39.5m

Accounts Payable

(152.6m)(72.4m)(32.4m)(111.1m)(64.7m)21.9m171.8m
USDFY, 2018

EV/EBIT

23.3 x

EV/CFO

11.9 x

EV/FCF

-56.6 x

Revenue/Employee

921.2k

Debt/Equity

1.4 x

Debt/Assets

0.4 x

Financial Leverage

3.6 x

P/E Ratio

19.2
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American Electric Power Operating Metrics

FY, 2018FY, 2019FY, 2020

Distribution Lines, circuit miles

220 k221 k223 k

Electric Energy Delivered, kWh

32.02 b31.96 b31.95 b

Transmission Lines, circuit miles

40 k40 k40 k

Net Generating Capacity, MW

25.01 k24.06 k22.82 k
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American Electric Power Acquisitions / Subsidiaries

Company NameDateDeal Size
BlueStar Energy SolutionsJanuary 05, 2012
Memco Barge LineNovember 01, 2001
Central and South West CorpJanuary 01, 1997
AEP Clean Energy Resources, LLC
AEP Energy Supply LLC
AEP Generating Company
AEP Generation Resources Inc.
AEP Indiana Michigan Transmission Company, Inc
AEP Ohio Transmission Company, Inc
AEP Oklahoma Transmission Company, Inc
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American Electric Power Revenue Breakdown

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American Electric Power revenue breakdown by business segment: 10.9% from Generation & Marketing, 28.4% from Transmission and Distribution Utilities, 58.7% from Vertically Integrated Utilities and 2.0% from Other

Human Capital Metrics

American Electric Power's employees are reported to be approximately 20% female and 80% male.
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American Electric Power Environment, Social & Governance (ESG) Ratings

CSRHub ESG ratingPremium dataset

50-59

out of 100

CSRHub logo

American Electric Power Online and Social Media Presence

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American Electric Power Company Culture

  • Overall Culture

    C+

    75/100

  • CEO Rating

    A-

    80/100

  • Compensation

    B

    79/100

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American Electric Power News and Updates

Bragar Eagel & Squire is Investigating Certain Officers and Directors of American Electric Power and Zoom on Behalf of Long-Term Stockholders and Encourages Investors to Contact the Firm

NEW YORK, Jan. 29, 2021 (GLOBE NEWSWIRE) -- Bragar Eagel & Squire, P.C., a nationally recognized shareholder rights law firm, is investigating certain officers and directors of American Electric Power Company, Inc. (“AEP") (NYSE: AEP) and Zoom Video Communications, Inc. (NASDAQ: ZM) on behalf …

American Electric Power Enters Oversold Territory

In trading on Friday, shares of American Electric Power entered into oversold territory, hitting an RSI reading of 29.9, after changing hands as low as $81.88 per share.

American Electric Power raises dividend 5.7%, to yield above utilities peer group

American Electric Power Co. Inc. announced Tuesday a 5.7% increase to its quarterly dividend, to 74 cents a share from 70 cents. The electricity transmission company's new dividend will be payable Dec. 10 to shareholders of record on Nov. 10. The stock slipped 0.2% to $91.12 in afternoon trading. A…

AEP Final Deadline: Bronstein, Gewirtz & Grossman, LLC Reminds American Electric Power, Inc. Shareholders of Class Action and Lead Plaintiff Deadline: October 19, 2020

NEW YORK, Oct. 19, 2020 (GLOBE NEWSWIRE) -- Attorney Advertising -- Bronstein, Gewirtz & Grossman, LLC notifies investors that a class action lawsuit has been filed against American Electric Power, Inc. ("AEP" or the "Company") (NYSE: AEP) and certain of its officers, on behalf of shareholders…

AEP Deadline: Bronstein, Gewirtz & Grossman, LLC Reminds American Electric Power, Inc. Shareholders of Class Action and Lead Plaintiff Deadline: October 19, 2020

NEW YORK, Oct. 13, 2020 (GLOBE NEWSWIRE) -- Attorney Advertising -- Bronstein, Gewirtz & Grossman, LLC notifies investors that a class action lawsuit has been filed against American Electric Power, Inc. ("AEP" or the "Company") (NYSE: AEP) and certain of its officers, on behalf of shareholders…

Portnoy Law: Lawsuit Filed On Behalf of American Electric Power Company, Inc. Investors

Investors with a $100,000 or more in losses are encouraged to contact the firm. Investors with a $100,000 or more in losses are encouraged to contact the firm.
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American Electric Power Blogs

AEP Names Ball Vice President of Energy Delivery Operations

American Electric Power has promoted David R. Ball to vice president of Energy Delivery Operations, effective Aug. 7. 

AEP Names Ulrich Senior Vice President and Chief Human Resources Officer

American Electric Power has named Phillip Ulrich senior vice president and chief human resources officer, effective Aug. 2.

Electric Highway Coalition Grows to 14 Members, More Than Doubling Participation

The Electric Highway Coalition (EHC) has doubled the number of companies committed to enabling long distance electric vehicle (EV) travel through a network of DC fast charging stations connecting major highway systems. 

AEP Receives Top Score on Disability Equality Index, Named a Best Place to Work for Disability Inclusion

American Electric Power received a score of 100 on Disability:IN’s Disability Equality Index (DEI) and was named a Best Place to Work for Disability Inclusion. This is the sixth consecutive year the company was recognized for its commitment to disability inclusion and equality.

Invenergy and AEP Renewables Solar Project Lights Up Las Vegas Strip

Invenergy, a leading privately-held global developer and operator of sustainable energy solutions, and AEP Renewables, a subsidiary of American Electric Power (AEP), today announced the start of commercial operations at the 100-megawatt MGM Resorts Mega Solar Array project in Nevada. The project sup…

SWEPCO Issues Requests for Proposals for Purchase of Wind, Solar and Short-term Generation

Southwestern Electric Power Co. (SWEPCO), a subsidiary of American Electric Power, today issued three Requests for Proposals (RFP) for renewable and short-term generating capacity to supply the needs of its customers.
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American Electric Power Frequently Asked Questions

  • When was American Electric Power founded?

    American Electric Power was founded in 1906.

  • Who are American Electric Power key executives?

    American Electric Power's key executives are Nicholas K. Akins, Lisa M. Barton and Paul Chodak III.

  • How many employees does American Electric Power have?

    American Electric Power has 16,787 employees.

  • What is American Electric Power revenue?

    Latest American Electric Power annual revenue is $14.9 b.

  • What is American Electric Power revenue per employee?

    Latest American Electric Power revenue per employee is $888.7 k.

  • Who are American Electric Power competitors?

    Competitors of American Electric Power include Vistra, FirstEnergy and NRG Energy.

  • Where is American Electric Power headquarters?

    American Electric Power headquarters is located at AEP Building, 1 Riverside Plaza, Columbus.

  • Where are American Electric Power offices?

    American Electric Power has offices in Columbus, Abilene, Ashland, Bridgman and in 34 other locations.

  • How many offices does American Electric Power have?

    American Electric Power has 39 offices.