AEP Stock Snapshot Price, market cap, P/E, EPS, ROE, debt/equity, 52-week range

03
Price $119.57
P/E (TTM) 20.7
EPS (TTM) $5.77
Revenue (TTM) $22.79B
ROE (TTM) 10.5%
Debt/Equity (MRQ) 1.6
52W Range $113–$141

AEP Stock Price Chart Daily OHLCV with technical indicators — pan, zoom, and customize your view

04
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Stock splits 1
Ex-date Split Type
Oct. 31, 1962 2-for-1 Forward

About American Electric Power Company, Inc. - Common Stock Company overview from Wikipedia

05 · wikidata

American Electric Power Company, Inc. (AEP; railcar reporting mark: AEPX) is an American domestic electric utility company in the United States. It is one of the largest electric utility companies in the country, with more than five million customers in 11 states.

American Electric Power Company is one of the nation's largest generators of electricity, owning nearly 38,000 megawatts of generating capacity in the United States. AEP also owns the nation's largest electricity transmission system, a nearly 39,000-mile (63,000 km) network that includes more 765 kilovolt ultra-high voltage transmission lines than all other U.S. transmission systems combined. AEP's transmission system directly or indirectly provides about 10 percent of the electricity demand in the Eastern Interconnection, the interconnected transmission system that covers 38 eastern and central U.S. states and eastern Canada, and approximately 11 percent of the electricity demand in the Electric Reliability Council of Texas, the transmission system that covers much of Texas.

AEP's utility units operate as, AEP Texas, Appalachian Power (in Virginia, West Virginia, and Tennessee), Indiana Michigan Power, Kentucky Power, Ohio Power Company, Public Service Company of Oklahoma, and Southwestern Electric Power Company (in Arkansas, Louisiana and east Texas). AEP's headquarters are in Columbus, Ohio.

American Electric Power was the first utility to utilize 345 kV transmission lines which took place in 1953.

The company ranked 185th on the 2018 Fortune 500 of the largest United States corporations by revenue.

Subsidiaries

The company is divided into seven major geographic local operating companies:

Ohio Power Company

Ohio Power Company, formerly AEP Ohio, serves 1.5 million customers in central, southern and northwestern Ohio. For years, it consisted of two operating companies, Ohio Power and Columbus Southern Power. However, in 2014, Columbus Southern was merged into Ohio Power, leaving Ohio Power as the legal operating company for regulatory purposes.

AEP Texas

AEP Texas was formed from a merger of various predecessor utilities, and joined AEP as part of its acquisition of Central and South West Corporation in 1997. It consists of AEP Texas North Company (formerly West Texas Utilities), which operates in west Texas, and AEP Texas Central Company (formerly Central Power and Light), which operates in south Texas.

Appalachian Power

Appalachian Power (APCO) is based in Charleston, West Virginia. APCO serves about one million customers in central and Southern West Virginia, the Northern Panhandle of West Virginia, Southwest Virginia and parts of Northeast Tennessee, specifically Kingsport. Cities in the Appalachian Power service territory include Wheeling, Charleston and Huntington, West Virginia; Roanoke, Virginia, Lynchburg, Virginia, and Kingsport.

Until the 21st century, AEP's operations in Tennessee were part of a separate operating company, Kingsport Power Company. However, since the turn of the millennium, Kingsport Power's operations have been almost completely merged with those of Appalachian Power. While Kingsport Power still legally exists, the Kingsport Power name is almost never used anymore except for regulatory formality. AEP considers Appalachian Power to be the operating company in Kingsport.

Wheeling Power, based in Wheeling, was long treated as a de facto part of Ohio Power, but is now treated as part of Appalachian Power.

Indiana Michigan Power

Indiana Michigan Power (I&M) serves northeastern and east-central Indiana, including Muncie and Fort Wayne; and parts of north-central Indiana and southwest Michigan, including South Bend, St. Joseph, Benton Harbor and Three Rivers. The Donald C. Cook nuclear power plant is located in I&M's territory.

Kentucky Power

Kentucky Power serves most of Eastern Kentucky, the area abutting the Appalachian Power service area, including communities of Pikeville, Hazard and Ashland. Kentucky Power headquarters is in Ashland and they maintain a government relations office in Frankfort.

On October 26, 2021, the Liberty Utilities subsidiary of Algonquin Power & Utilities agreed to acquire AEP's Kentucky operations in a transaction valued at $2.8 billion (US). The purchase was expected to close in the second quarter of 2022, pending regulatory approval.

On April 17, 2023, the sale was terminated. The sale drew criticism from the Kentucky Attorney General and Kentucky lawmakers. In May 2022, Kentucky's Public Service Commission approved the sale, but only with modifications made to the sale. In December 2022, the U.S. Federal Energy Regulatory Commission refused approval, stating "the sales’ parties did not provide enough evidence to show the deal wouldn't have an adverse effect on rate payers." Although AEP and Liberty Utilities reapplied in February 2023, they later announced the termination of the sale.

Public Service Company of Oklahoma (PSO)

PSO was one of the four CSW operating companies when CSW merged with AEP. Incorporated in 1913, PSO serves approximately 540,000 customers in eastern and southwestern Oklahoma. Its headquarters are in Tulsa. PSO has 4,269 megawatts of generating capacity and provides electricity to 232 cities and towns across a service area encompassing 30,000 square miles.

In April 2014, Oklahoma Governor Mary Fallin signed into law an AEP-backed bill that would add a tax onto anyone in the state who adopted rooftop solar. This legislation was headed by Rep. Mike Turner (Oklahoma politician) (R. Edmond), known for his support of ending rooftop solar.

Southwestern Electric Power Company

Often called SWEPCO, the Southwestern Electric Power Company serves most of western Arkansas, northwestern Louisiana, and northeastern Texas. Like PSO, it was one of the four CSW Operating Companies.

Between 2013 and 2014, AEP, under subsidiary SWEPCO, tried to eliminate a fundamental solar policy, net metering, at the LPSC several times, and failed each time. SWEPCO also backed openly anti-solar candidate Eric Skrmetta, who has been widely criticized for receiving 2/3 of his campaign contributions from entities he regulates.

In Arkansas, SWEPCO is expected in 2015 to ask regulators to allow them to pass along the costs of building and running the John W. Turk Jr. Coal Plant, the most expensive project in state history, to Arkansas ratepayers. This process is expected to elicit similar controversy to what has plagued the plant since construction.

SWEPCO operated Dolet Hills Power Station was scheduled for closure in Louisiana in 2021, due to pressure by Beyond Coal.

Other subsidiaries

AEP also bought much of the town of Cheshire, Ohio, where the Gavin Power Plant is located, due to pollution issues.

In 2004, AEP announced their plans to build one, or more, integrated gasification combined cycle (IGCC) coal-fired power plant which is expected to reduce emissions while providing additional electricity capacity to the customers served by AEP.

In August 2008, AEP formed a joint venture company with Duke Energy to build and own new electric transmission assets.

It is the largest shareholder in the Ohio Valley Electric Corporation (OVEC). OVEC is an associate company of AEP, not a subsidiary, because AEP owns less than half of it.

Nuclear

AEP owns and operates the Donald C. Cook nuclear power plant. This accounts for 6% of the generation portfolio.

Hybrid technology

AEP is expanding its green efforts to include 18 more International DuraStar hybrid diesel trucks. AEP is also teaming with Ford for the integration of a Vehicle-To-Power grid communication system, which allows hybrid vehicles to communicate with power companies to determine where, how long, and what it would cost to re-charge a hybrid during travel.

Solar and wind energy

In 2009, AEP signed a deal with Wyandot Solar LLC to purchase power from one of the largest solar fields in the eastern United States of America, based in Upper Sandusky, Ohio.

AEP owns and operates the Desert Sky Wind Farm and the Trent Wind Farm.

In 2009, AEP partnered with other energy companies in commissioning a study of how to transmit wind energy generated in the Upper Midwest to consumers in the East.

In 2017, Invenergy and GE announced plans for the $4.5 billion, 2,000 MW Wind Catcher (a/k/a Windcatcher) project on a 300,000-acre site in Cimarron and Texas counties in the Oklahoma Panhandle, which would have been among the world's largest wind farms when completed in 2020. AEP utility subsidiaries PSO and SWEPCO asked utility regulators in Louisiana, Arkansas, Texas and Oklahoma to approve plans to purchase the wind farm from Invenergy upon completion of construction. However, the project ran into opposition and was finally canceled in July 2018.

PSO was approved in early 2020 by regulators in Oklahoma to own a 45.5% share (675 MW) of a massive 1,485 megawatt wind project known as the North Central Energy Facilities ("NCEF"), with SWEPCO owning the remaining 810 MW. The project includes three wind farms covering areas in Alfalfa, Blaine, Custer, Kingfisher, Garfield, Major and Woods counties of Oklahoma. Approval followed in Arkansas and Louisiana in May; however, the Texas Public Utility Commission denied the plan for the 309 megawatts intended for that state. Nevertheless, PSO and SWEPCO decided to go forward with the project, with Oklahoma to receive 675 megawatts, Louisiana 464 megawatts, and Arkansas 268 megawatts. The projects were to be completed in the 2020-2021 timeframe. The NCEF project differed from the abandoned Wind Catcher plan in that Wind Catcher envisioned a new 765-kilovolt transmission line which would have run hundreds of miles in Oklahoma, while the NCEF facilities are near an existing PSO/SWEPCO transmission system. Also, NCEF was scalable, so that the states which approved the project could increase the number of megawatts allocated to them if/when another state rejected the proposal. The 199 MW Sundance project, located northwest of Aline in Woods County, was completed in April 2021. The 287 MW Maverick and the 999 MW Traverse projects are scheduled to be in service later in 2021 and in early 2022, respectively.

PATH proposal

In 2007, AEP teamed with Allegheny Energy to propose the US$1.8 billion (changed to US$2.1 billion in 2011) Potomac-Appalachian Transmission Highline (PATH), a 290-mile (470 km), 765 kilovolt transmission line that would run through West Virginia, Virginia, and Maryland. According to Joe Denault, a volunteer spokesperson for the proposal, the PATH proposal would incorporate new technology to reduce carbon dioxide emissions by 380,000 short tons (340,000 t) a year; allow for the transmission of renewable energy sources, such as wind, solar, and hydroelectric; and generate 5,700 jobs, with $420 million in employee compensation annually. However, many of these claims are disputed and the proposal must pass several legal hurdles before moving forward. On August 24, 2012, PJM Interconnection officially removed the PATH project from its long-range expansion plans, citing a slow economy for reducing the projected growth in electricity use.

History

The American Gas and Electric Company, which would be renamed American Electric Power in 1958, was incorporated in 1906. It replaced Electric Company of America, a holding company that had existed since 1899. It built "the first plant in the world to reheat steam to do double duty in the process of generating electricity" at the Philo Power Plant in Philo, Ohio in 1923. Several of its holdings were divested following the passage of the Public Utility Holding Company Act in 1935; these holdings would include Atlantic City Electric (now a subsidiary of Exelon) and Scranton Electric (since absorbed by PPL). However, it retained its Central System, which ran between Michigan and Virginia. It moved its headquarters from New York City to Columbus, Ohio in the 1980s. On May 1, 1999, The North American electric power industry tested and cleared 75 percent of the U.S. electricity system for compliance with the Year 2000 computer glitch. On August 31, 2004, American Electric Power Company's $10 billion acquisition of the Central and South West Corporation was approved.

Acquisitions

1922 Indiana and Michigan Electric

1924 American Electric Power Company, a Philadelphia holding company

1925 Appalachian Power Company

1948 Indiana Service Corporation of Fort Wayne

1980 Columbus and Southern Ohio Electric Company

1997 Central and South West Corporation (completed in 2000)

Ownership

As of 2017, American Electric Power shares are mainly held by institutional investors, and large Single Family Offices (Vanguard group, BlackRock, State Street Corporation, and others)

Environmental record

The Political Economy Research Institute ranks American Electric Power 55th among corporations emitting airborne pollutants in the United States. The ranking is based on the quantity (2,240,000,000 pounds (1,020,000 t) in 2018) of toxic air released, as well as the toxicity and population exposure of the emissions. Major pollutants include sulfuric and hydrochloric acids, and chromium, manganese and nickel compounds. Overall, electric power plants, such as those operated by AEP, account for almost "70 percent of sulfur dioxide emissions each year and 30 percent of nitrogen oxides emissions." Individually, these pollutants cause serious respiratory damage and other illnesses; when combined, they create what's known as acid rain, which causes long term damage to the environment and deterioration of natural and man-made structures. Environmental Protection Agency has named American Electric a potentially responsible party at the Green River Disposal Inc. Superfund toxic waste site.

In February 2018, AEP announced plans to reduce carbon emissions 80 percent by 2050 through increased use of renewables, natural gas and energy efficiency.

In August 2018, AEP started a program in Ohio that incentivizes the installation of electric vehicle infrastructure by investing $10 million for the installation of up to 375 electric vehicle charging stations. According to Utility DIVE, "The program is part of a wave of EV charging rollouts utilities are spearheading in an effort to spur EV adoption."

Justice Department lawsuit

The United States Justice Department filed a lawsuit on November 3, 1999, against AEP and six other companies for violating the Clean Air Act. On October 8, 2007, AEP agreed to install US$4.6 billion in equipment to reduce emission, as well as pay a US$15 million civil fine and provide US$36 million for environmental projects and $24 million for environmental mitigation.

The company will cut 813,000 short tons (738,000 t) of air pollutants annually once all of the controls are installed. According to the press release, the agreement imposes caps on emissions of pollutants from 16 plants located in five states. The facilities are located in Moundsville (two facilities), St. Albans, Glasgow, and New Haven (two facilities), West Virginia; Louisa, Kentucky; Glen Lyn and Carbo, Virginia; Brilliant, Conesville, Cheshire, Lockbourne, and Beverly, Ohio; and Rockport and Lawrenceburg, Indiana.

Attempt to halt solar energy

AEP has come under criticism in many of the states they operate in for attacking rooftop solar. They have specifically attempted to halt distributed solar in Louisiana, Arkansas, Oklahoma, West Virginia, Indiana, Kentucky, and Ohio.

Carbon footprint

AEP reported Total CO2e emissions (Direct + Indirect) for the twelve months ending December 31, 2020, at 49,681 Kt (-29,610 /-37.3% y-o-y) and aims to reach net zero emissions by 2045.

Source: Wikipedia, CC BY-SA 4.0 · View on Wikipedia ↗

Wikidata ↗

sectorUtilities industryUtilities employees17,581 countryUS

10-Year Performance Revenue, net income, margins and EPS trends

06
Revenue$21.88B
2016-12-31 → 2025-12-31
EPS$6.66
2016-12-31 → 2025-12-31
Free Cash Flow$3.49B
2016-12-31 → 2025-12-31
Net margin14.3%
2016-12-31 → 2025-12-31
Valuation & Ratios 07–12

Valuation P/E, P/S, P/B, EV/EBITDA ratios — is the stock expensive or cheap?

Metric 5Y trend AEP 5Y avg Peer Median Verdict
P/E (TTM) 20.7 · 22.9 Overvalued
PEG Ratio ≈2.4 · · ·

Peer median is calculated on a standardized basis per metric and may not always match the TTM/MRQ basis shown for this stock.

value · ≈ 5Y avg · industry median · verdict relative to median

Dividends Yield, payout ratio, dividend history, 5Y CAGR

13
Payout Ratio54.3%
Annualized Payout≈$3.80Paid quarterly
5Y Div CAGR≈5.8%Per share, split-adjusted
Growth Streak≈16Consecutive years of dividend growth
Ex-dateAmountCurrencyYield
Aug 10, 2026$0.95USD≈3.1%
May 8, 2026$0.95USD≈2.9%
Feb 10, 2026$0.95USD≈3.1%
Nov 10, 2025$0.95USD≈3.1%
Aug 8, 2025$0.93USD≈3.3%
May 9, 2025$0.93USD≈3.5%
Feb 10, 2025$0.93USD≈3.6%
Nov 8, 2024$0.93USD≈3.7%
Aug 9, 2024$0.88USD≈3.6%
May 9, 2024$0.88USD≈3.8%
Feb 8, 2024$0.88USD—
Nov 9, 2023$0.88USD—
Aug 9, 2023$0.83USD—
May 9, 2023$0.83USD—
Feb 9, 2023$0.83USD—
Nov 9, 2022$0.83USD—
Aug 9, 2022$0.78USD—
May 9, 2022$0.78USD—
Feb 9, 2022$0.78USD—
Nov 9, 2021$0.78USD—

Earnings History EPS actual vs estimate, surprise %, beat rate, next earnings date

14
Avg Surprise 2.5%
Next Report Oct 27, 2026
PeriodReportEPS ActualEPS EstSurprise
June 30, 2026 Jul 28, 2026 $1.36 $1.51 -10.0%
March 31, 2026 $1.64 $1.58 3.5%
Dec. 31, 2025 $1.19 $1.16 2.6%
Sept. 30, 2025 $1.80 $1.83 -1.4%
June 30, 2025 $1.43 $1.29 11.2%
March 31, 2025 $1.54 $1.41 8.9%

Full Fundamentals All metrics by year — income statement, balance sheet, cash flow

15
Income Statement 13
Metric Trend 202520242023202220212020201920182017201620152014
Revenue $21.88B$19.72B$18.98B$19.64B$16.79B$14.92B$15.56B$16.20B$15.42B$16.38B$16.45B$16.38B
Operating Expenses $16.56B$15.42B$15.43B$16.16B$13.38B$11.93B$12.97B$13.51B$11.90B$15.22B$13.12B$13.25B
Operating Income $5.32B$4.30B$3.56B$3.48B$3.41B$2.99B$2.59B$2.68B$3.52B$1.16B$3.33B$3.13B
Interest Expense ··$1.81B$1.40B$1.20B$1.17B$1.07B$984M$895M$877M$874M$868M
Other Non-op $48M$65M$64M$12M$41M$57M$27M$18M$35M···
Pretax Income $3.83B$2.94B$2.27B$2.31B$2.60B$2.23B$1.90B$2.04B$2.90B$547M$2.69B$2.49B
Income Tax $129M$-39M$55M$5M$116M$40M$-13M$115M$970M$-74M$920M$903M
Net Income $3.70B$2.98B$2.21B$2.31B$2.49B$2.20B$1.92B$1.93B$1.93B$618M$2.05B$1.64B
EPS (Basic) $6.70$5.60$4.26$4.51$4.97$4.44$3.89$3.90$3.89$1.24$4.17$3.34
EPS (Diluted) $6.66$5.58$4.24$4.49$4.96$4.42$3.88$3.90$3.88$1.24$4.17$3.34
Shares (Basic) 534,535,444530,092,672518,903,682511,841,946500,522,177495,718,223493,694,345492,774,600491,814,651491,495,458490,340,522488,592,997
Shares (Diluted) 537,467,865531,337,703520,206,258513,484,609501,784,032497,226,867495,306,238493,758,277492,611,067491,662,007490,574,568488,899,840
EBITDA $8.64B$7.45B$3.56B$3.48B$3.41B$2.99B$2.59B$2.68B$3.57B$1.21B$3.33B$3.23B
Balance Sheet 26
Metric Trend 202520242023202220212020201920182017201620152014
Cash & Equivalents $197M$203M$330M$509M$403M$393M$247M$234M$215M$210M$176M$162M
Short-term Investments $220M$215M$214M$188M$220M$201M$203M$159M$162M$139M$387M$386M
Receivables $2.87B$2.63B$2.45B$2.67B$1.94B$1.84B$1.71B$1.93B$1.89B$1.92B$1.64B$1.84B
Prepaid Expense $212M$287M$274M$255M$130M$127M$156M$209M$310M$326M$172M$275M
Current Assets $6.05B$5.79B$6.08B$6.78B$7.81B$4.35B$4.08B$4.11B$4.25B$6.03B$4.07B$4.48B
PP&E (Net) $736M$715M$564M$73.34B$66.00B$63.90B$60.14B$55.10B$50.26B$45.64B$46.13B$43.64B
PP&E (Gross) $120.58B$108.60B$101.25B$97.02B$86.81B$84.31B$79.15B$73.09B$67.43B$62.04B$65.48B$63.61B
Accum. Depreciation ··$24.55B$23.68B$20.81B$20.41B$19.01B$17.99B$17.17B$16.40B$19.35B$19.97B
Goodwill $53M$53M$52M$52M$52M$52M$52M$52M$52M$52M$52M$91M
Other Non-current Assets $16.03B$14.87B$13.91B$3.76B$4.40B$3.85B$3.41B$2.58B$2.55B$2.09B$2.11B$2.13B
Total Assets $114.46B$103.08B$96.68B$93.40B$87.67B$80.76B$75.89B$68.80B$64.73B$63.47B$61.68B$59.54B
Accounts Payable $3.43B$2.64B$2.03B$2.67B$2.05B$1.71B$2.09B$1.87B$2.07B$1.69B$1.42B$1.26B
Short-term Debt $1.51B$2.52B$2.83B$4.11B$2.61B$2.48B$2.84B$1.91B$1.64B$1.71B$800M$1.35B
Current Liabilities $13.31B$13.01B$11.58B$13.27B$12.43B$9.93B$10.30B$8.65B$8.27B$9.50B$7.11B$7.97B
Capital Leases $578M$504M$519M$552M$493M$638M$735M$0$239M$242M$247M$440M
Deferred Tax $10.95B$9.97B$9.42B$8.90B$8.20B$8.24B$7.59B$7.09B$6.81B$11.88B$11.73B$10.85B
Other Non-current Liabilities $905M$801M$546M$607M$601M$728M$720M$783M$831M$775M$891M$896M
Total Liabilities $82.20B$76.05B$71.36B$69.23B$64.95B$59.94B$55.87B$49.63B$46.40B$46.05B$43.78B$42.72B
Long-term Debt $47.32B$42.64B$40.14B$36.80B$33.45B$31.07B$26.73B$23.35B$21.17B$20.26B$19.57B$18.51B
Total Debt $48.83B$45.17B$42.97B$39.73B$36.07B$33.55B$29.56B$25.26B$22.81B$21.97B$20.37B$20.03B
Common Stock $3.52B$3.47B$3.43B$3.41B$3.41B$3.36B$3.34B$3.34B$3.33B$3.33B$3.32B$3.31B
Paid-in Capital $12.14B$9.61B$9.07B$8.05B$7.17B$6.59B$6.54B$6.49B$6.40B$6.33B$6.30B$6.20B
Retained Earnings $15.44B$13.87B$12.80B$12.35B$11.67B$10.69B$9.90B$9.33B$8.63B$7.89B$8.40B$7.41B
AOCI $36M$-3M$-56M$84M$185M$-85M$-148M$-120M$-68M$-156M$-127M$-103M
Stockholders' Equity $31.14B$26.94B$25.25B$23.89B$22.43B$20.55B$19.63B$19.03B$18.29B$17.40B$17.89B$16.82B
Liabilities + Equity $114.46B$103.08B$96.68B$93.40B$87.67B$80.76B$75.89B$68.80B$64.73B$63.47B$61.68B$59.54B
Cash Flow 17
Metric Trend 202520242023202220212020201920182017201620152014
D&A $3.33B$3.15B$2.93B$3.07B········
Deferred Tax $311M$58M$185M$-137M$108M$196M$-18M$104M$902M$-50M$808M$869M
Amort. of Intangibles ·········$2M$3M$5M
Other Non-cash $-388M$622M··········
Operating Cash Flow $6.94B$6.80B$5.01B$5.29B$3.84B$3.83B$4.27B$5.22B$4.27B$4.52B$4.75B$4.60B
CapEx $3.45B$399M$155M··$0$918M$0$0$108M$5M$65M
Investing Cash Flow $-11.94B$-7.60B$-6.27B$-7.75B$-6.43B$-6.23B$-7.14B$-6.35B$-3.66B$-4.99B$-4.56B$-4.41B
Debt Issued $8.26B$5.12B$5.46B$4.65B$6.49B$5.63B$4.54B$4.95B$3.85B$2.59B$3.44B$2.07B
Net Debt Issued $4.61B$2.43B$3.27B$2.30B$3.50B$4.29B$3.32B$2.16B$766M$800M$1.04B$287M
Stock Issued $775M$552M$1.00B$826M$600M$155M$65M$74M$12M$34M$82M$74M
Net Stock Activity $775M$552M$1000M$826M$600M$155M$65M$74M$12M$34M$82M$73M
Dividends Paid $2.01B$1.90B$1.75B$1.65B$-1.52B$1.42B$1.35B$1.26B$1.19B$1.12B$1.06B$998M
Financing Cash Flow $5.02B$659M$1.08B$2.57B$2.61B$2.41B$2.86B$1.16B$-605M$504M$-662M$-151M
Net Change in Cash ·········$34M$14M$45M
Taxes Paid $-84M$-69M$-24M$117M$13M$-49M$6M$-25M$-1M$30M$120M$117M
Free Cash Flow $3.49B····$3.83B$3.35B$5.21B$4.26B$4.41B$4.74B$4.55B
Levered FCF ·····$2.69B$2.27B$4.28B$3.67B$3.42B$4.17B$3.99B
Profitability 7
Metric Trend 202520242023202220212020201920182017201620152014
Operating Margin 24.3%21.8%18.7%17.7%20.3%20.0%16.7%16.6%23.2%7.4%20.3%19.0%
Net Margin 16.9%15.1%11.7%11.7%14.8%14.7%12.3%11.9%12.5%3.8%12.5%9.6%
Pretax Margin 17.5%14.9%11.9%11.8%15.5%15.0%12.2%12.6%18.8%3.3%16.3%15.2%
EBITDA Margin 39.5%37.8%18.7%17.7%20.3%20.0%16.7%16.6%23.2%7.4%20.3%19.0%
ROA 3.4%3.0%2.3%2.5%2.9%2.8%2.6%2.9%3.0%0.99%3.4%2.8%
ROE 12.7%11.4%9.0%10.0%11.6%10.9%9.9%10.3%10.8%3.5%11.8%10.0%
ROIC 6.4%6.0%5.1%5.5%5.6%5.4%5.3%5.7%5.8%3.5%5.7%5.6%
Liquidity & Solvency 5
Metric Trend 202520242023202220212020201920182017201620152014
Current Ratio 0.50.40.50.60.60.40.40.50.50.60.60.6
Quick Ratio 0.20.20.30.20.20.20.20.30.30.30.30.3
Debt / Equity 1.61.71.71.71.61.61.51.31.21.31.11.2
LT Debt / Equity 1.41.51.51.41.41.41.31.11.11.01.01.0
Interest Coverage ··2.02.52.82.62.42.74.01.43.83.7
Efficiency 2
Metric Trend 202520242023202220212020201920182017201620152014
Asset Turnover 0.20.20.20.20.20.20.20.20.20.30.30.3
Receivables Turnover 8.07.87.48.78.98.48.68.58.19.29.59.0
Per Share 4
Metric Trend 202520242023202220212020201920182017201620152014
Revenue / Share $40.70$37.12$36.49$38.25$33.46$30.00$31.42$32.80$31.31$33.32$33.54$34.81
Cash Flow / Share $12.92$12.81$9.63$10.30$7.65$7.71$8.62$10.58$8.67$9.20$9.68$9.44
Dividend / Share $3.74$3.57$3.37$3.17$3.00$2.84$2.71$2.53$2.39$2.27$2.15$2.03
EPS (TTM) $6.66$5.58$4.24$4.49$4.96$4.42$3.88$3.90$3.88$1.24$4.17$3.34
Growth Rates 10
Metric Trend 202520242023202220212020201920182017201620152014
Revenue YoY 10.9%3.9%-3.4%17.0%12.6%·······
Revenue CAGR 3Y 3.7%5.5%8.4%·········
Revenue CAGR 5Y 8.0%···········
EPS YoY 19.4%31.6%-5.6%-9.5%12.2%·······
EPS CAGR 3Y 14.0%4.0%-1.4%·········
EPS CAGR 5Y 8.6%···········
Net Income YoY 24.2%34.5%-4.0%-7.3%13.3%·······
Net Income CAGR 3Y 17.0%6.2%0.25%·········
Net Income CAGR 5Y 11.0%···········
Dividends Paid CAGR 5Y 7.1%···········
Valuation (TTM) 6
Metric Trend 202520242023202220212020201920182017201620152014
Revenue TTM $21.88B$19.72B$18.98B$19.64B$16.79B$14.92B$15.56B$16.20B$15.42B$16.38B$16.45B$16.38B
Net Income TTM $3.70B$2.98B$2.21B$2.31B$2.49B$2.20B$1.92B$1.93B$1.93B$618M$2.05B$1.64B
P/E 17.316.5··········
Earnings Yield 5.8%6.0%··········
Payout Ratio 54.3%64.0%-79.6%71.4%61.1%64.9%70.3%65.0%62.2%181.4%51.6%60.9%
Annual Payout $2.01B$1.90B$1.75B$1.65B$-1.52B$1.42B$1.35B$1.26B$1.19B$1.12B$1.06B$998M

Most recent period on the left · null values shown as ·

Financial Statements Income statement, balance sheet, cash flow — annual, last 5 years

16
Metric 2025-12-312024-12-312023-12-312022-12-312021-12-31
Revenue $21.88B $19.72B $18.98B $19.64B $16.79B
Operating Margin % 24.3% 21.8% 18.7% 17.7% 20.3%
Net Income $3.70B $2.98B $2.21B $2.31B $2.49B
Diluted EPS $6.66 $5.58 $4.24 $4.49 $4.96

Institutional owners (13F) 2,124 filers · $74.1B total · As of Sept. 30, 2026

17

Institutions that report holding this stock in their quarterly SEC Form 13F. Long positions only; a single filer may appear twice for separate option legs. Large offsetting put/call legs typically reflect market-making or hedged inventory, not directional conviction.

Holders 2,124
Value held $74.1B
New positions 147
Exited positions 92
Institutional activity — Q2 2026 vs prior quarter
New positions Exited positions Increased Decreased Net shares change
147 (-114 vs prior Q) 92 (-27 vs prior Q) 890 (+149 vs prior Q) 606 (-35 vs prior Q) +57.3M

Compared to Q1 2026. SEC Form 13F filings are due within 45 days of quarter-end plus a short buffer for late filers — quarters still inside that window are skipped in favor of the most recent fully-reported pair.

Institution Value Shares % of tracked 13F Type
BlackRock, Inc. $6,980,601,396 51,024,057 9.41% Shares
VANGUARD GROUP INC $6,053,416,963 52,496,895 8.16% Shares
VANGUARD CAPITAL MANAGEMENT LLC $4,860,786,927 35,529,471 6.56% Shares
STATE STREET CORP $4,211,441,657 30,783,142 5.68% Shares
VANGUARD PORTFOLIO MANAGEMENT LLC $3,213,952,286 23,492,086 4.33% Shares
Invesco Ltd. $2,671,608,401 19,527,874 3.60% Shares
MORGAN STANLEY $2,596,714,806 18,980,444 3.50% Shares
GEODE CAPITAL MANAGEMENT, LLC $1,962,851,721 14,404,302 2.65% Shares
WELLINGTON MANAGEMENT GROUP LLP $1,897,829,005 13,872,005 2.56% Shares
BANK OF AMERICA CORP /DE/ $1,678,638,318 12,269,851 2.26% Shares
GOLDMAN SACHS GROUP INC $1,500,187,373 10,965,480 2.02% Shares
GQG Partners LLC $1,404,093,904 10,263,074 1.89% Shares
AMERIPRISE FINANCIAL INC $1,333,235,649 9,728,413 1.80% Shares
FMR LLC $1,272,734,443 9,302,934 1.72% Shares
FRANKLIN RESOURCES INC $1,251,581,393 9,148,318 1.69% Shares
Dodge & Cox $1,186,738,508 8,674,355 1.60% Shares
BARCLAYS PLC $935,326,600 6,836,683 1.26% Shares
ROYAL BANK OF CANADA $819,661,000 5,991,251 1.11% Shares
Nuveen, LLC $783,898,307 5,729,832 1.06% Shares
ALLIANCEBERNSTEIN L.P. $707,598,678 5,398,220 0.95% Shares
Legal & General Group Plc $680,638,367 4,975,065 0.92% Shares
NORTHERN TRUST CORP $636,313,844 4,651,077 0.86% Shares
MILLENNIUM MANAGEMENT LLC $614,013,130 4,488,072 0.83% Shares
Allspring Global Investments Holdings, LLC $613,818,774 4,545,122 0.83% Shares
CITIGROUP INC $597,019,048 4,363,855 0.81% Shares
MASSACHUSETTS FINANCIAL SERVICES CO /MA/ $572,649,426 4,176,896 0.77% Shares
WELLS FARGO & COMPANY/MN $546,708,057 3,996,112 0.74% Shares
Bank of New York Mellon Corp $495,494,929 3,621,775 0.67% Shares
CHARLES SCHWAB INVESTMENT MANAGEMENT INC $488,261,917 3,568,905 0.66% Shares
ENVESTNET ASSET MANAGEMENT INC $443,756,412 3,243,607 0.60% Shares
VANGUARD FIDUCIARY TRUST CO $417,975,756 3,055,155 0.56% Shares
UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC $399,898,208 3,050,795 0.54% Shares
Amundi $396,976,241 2,901,661 0.54% Shares
Pictet Asset Management Holding SA $380,121,386 2,778,462 0.51% Shares
JPMORGAN CHASE & CO $344,025,721 2,493,480 0.46% Shares
RAYMOND JAMES FINANCIAL INC $342,746,383 2,505,273 0.46% Shares
UBS Group AG $339,575,144 2,482,093 0.46% Shares
Mawer Investment Management Ltd. $312,454,613 2,283,858 0.42% Shares
DEUTSCHE BANK AG\ $298,805,623 2,184,092 0.40% Shares
Mitsubishi UFJ Trust & Banking Corp $292,804,182 2,140,225 0.39% Shares
JANUS HENDERSON GROUP PLC $290,894,120 2,219,198 0.39% Shares
TD Asset Management Inc $289,616,646 2,116,926 0.39% Shares
HighTower Advisors, LLC $271,325,787 1,983,231 0.37% Shares
National Pension Service $269,620,907 1,970,769 0.36% Shares
BANK OF MONTREAL /CAN/ $266,610,804 1,948,767 0.36% Shares
DIMENSIONAL FUND ADVISORS LP $253,860,810 1,855,418 0.34% Shares
ANTIPODES PARTNERS Ltd $232,488,894 1,699,356 0.31% Shares
Point72 Asset Management, L.P. $221,173,066 1,616,644 0.30% Shares
CBRE INVESTMENT MANAGEMENT LISTED REAL ASSETS LLC $212,678,533 1,554,554 0.29% Shares
Swiss National Bank $209,757,092 1,533,200 0.28% Shares

Show all 2,124 institutional owners →

Company insiders 79 insiders · 14 officers · 16 directors

19
Insider Role Last activity Shares owned Buys 12m Sells 12m Net 12m
William Fehrman CEO and President Aug. 1, 2026 F 133,539 0 0 $0
Trevor I Mihalik Executive VP & CFO March 10, 2026 F 79,595 0 0 $0
Douglas A Cannon President AEP Transmission May 1, 2026 F 25,655 0 0 $0
Alicia R Knapp President Nuclear Development March 10, 2026 F 14,482 0 0 $0
Lisa M Barton Exec VP, COO May 5, 2022 S 13,712 0 0 $0
Kate Sturgess Controller, CAO Sept. 8, 2026 S 15,856 0 1 $-250,000
Greg B Hall Executive Vice President Aug. 1, 2026 F 34,408 0 0 $0
Johannes G Eckert Executive Vice President March 10, 2026 F 4,714 0 0 $0
Kelly J Ferneau Executive Vice President March 10, 2026 F 20,199 0 2 $-290,274
Robert Berntsen Executive Vice President March 10, 2026 F 21,397 0 0 $0
Phillip R. Ulrich Executive Vice President March 10, 2026 F 42,323 0 1 $-542,320
David Matthew Feinberg Executive Vice President June 17, 2025 S 10,274 0 0 $0
Quinton S Lies Executive Vice President May 19, 2025 S 9,658 0 0 $0
Paul Chodak III Executive Vice President May 5, 2022 S 7,731 0 0 $0
Joseph G Sauvage Director Sept. 30, 2026 A · 0 0 $0
Daryl Roberts Director Sept. 30, 2026 A · 0 0 $0
Daniel G. Stoddard Director Sept. 30, 2026 A 1,645 0 0 $0
Charles J Meyers Director Sept. 30, 2026 A · 0 0 $0
Margaret M Mccarthy Director Sept. 30, 2026 A · 0 0 $0
Sara Martinez Tucker Director Sept. 30, 2026 A 32,073 0 0 $0
David Sheets Marriott Director Sept. 30, 2026 A · 0 0 $0
Lewis Von Thaer Director Sept. 30, 2026 A · 0 0 $0
Sandra Beach Lin Director Sept. 30, 2026 A 1,000 0 0 $0
Benjamin G S Fowke III Director Sept. 30, 2026 A 25,898 0 3 $-1,770,850
Art A Garcia Director Sept. 30, 2026 A 2,500 0 0 $0
Hunter Clark Gary Director March 31, 2026 A · 0 0 $0
Henry P Linginfelter Director March 31, 2026 A · 0 0 $0
Donna James Director June 30, 2025 A · 0 0 $0
Richard Oliver G III Director June 30, 2023 A 2,195 0 0 $0
Antonio P Smyth · March 10, 2025 F 11,901 0 0 $0
Therace Risch · March 10, 2025 F 20,539 0 0 $0
Charles E Zebula · March 10, 2025 F 78,647 0 0 $0
Linda Goodspeed · June 30, 2024 A · 0 0 $0
Christian T Beam · May 1, 2024 F 7,787 0 0 $0
Peggy Simmons · May 1, 2024 F 13,996 0 0 $0
Barnie J Beasley · April 2, 2024 A 0 0 0 $0
Julia A Sloat · Feb. 21, 2024 F 49,855 0 0 $0
Nicholas K Akins · May 2, 2023 S 125,520 0 0 $0
Jospeh M Buonaiuto · May 1, 2023 F 18,711 0 0 $0
Raja Sundararajan · Feb. 23, 2023 F 12,737 0 0 $0
Ann P Kelly · Feb. 21, 2023 F 5,621 0 0 $0
Charles R. Patton · May 1, 2022 F 28,242 0 0 $0
Thomas E Hoaglin · March 31, 2022 A 1,000 0 0 $0
David J Anderson · March 31, 2022 A · 0 0 $0
Stephen S Rasmussen · Dec. 31, 2021 A · 0 0 $0
Mark C Mccullough · Sept. 14, 2021 F 4,072 0 0 $0
Brian X Tierney · July 8, 2021 F 40,693 0 0 $0
Ralph D Crosby JR · March 31, 2021 A · 0 0 $0
NOTEBAERT RICHARD C · March 31, 2021 A · 0 0 $0
Lana L Hillebrand · Jan. 25, 2021 F 10,255 0 0 $0
Lionel L Nowell III · March 31, 2020 A 0 0 0 $0
Robert P Powers · May 1, 2017 M 0 0 0 $0
Dennis E Welch · May 1, 2015 M 1,767 0 0 $0
John F Turner · March 31, 2014 A · 0 0 $0
Michael G Morris · March 31, 2014 A 268,285 0 0 $0
Richard L Sandor · March 31, 2014 A · 0 0 $0
James F Cordes · March 31, 2013 A 2,000 0 0 $0
Lester A Hudson JR · March 31, 2012 A · 0 0 $0
Michael D. Miller · July 28, 2011 F 24,881 0 0 $0
E R Brooks · March 31, 2011 A 12,350 0 0 $0
Kathryn D Sullivan · March 31, 2011 A · 0 0 $0
Donald M Carlton · March 31, 2011 A · 0 0 $0
Susan Tomasky · Jan. 1, 2011 A 0 0 0 $0
Carl L English · Jan. 1, 2011 A 20,899 0 0 $0
Venita Mccellon-Allen · Nov. 17, 2009 I 31 0 0 $0
John S Desbarres · Dec. 31, 2008 A · 0 0 $0
Stephen P Smith · May 30, 2008 M 18,520 0 0 $0
Donald G Smith · March 31, 2008 A · 0 0 $0
Robert W Fri · March 31, 2008 A · 0 0 $0
William R Howell · March 31, 2008 A · 0 0 $0
Holly K Koeppel · Feb. 7, 2008 I 1,775 0 0 $0
John B Keane · Jan. 22, 2008 A 11,071 0 0 $0
Thomas M Hagan · Jan. 22, 2008 M 10,493 0 0 $0
Coulter R Boyle · May 6, 2005 M 0 0 0 $0
Leonard J Kujawa · March 31, 2005 A · 0 0 $0
Linda G Stuntz · March 31, 2004 A · 0 0 $0
Linn E Draper JR · Feb. 11, 2004 M 755 0 0 $0
Thomas V Shockley III · Dec. 10, 2003 A · 0 0 $0
Henry W Fayne · Dec. 10, 2003 A · 0 0 $0

Insiders from SEC Form 3/4/5 filings; net = open-market P/S only

ETF ownership Held by 151 ETFs

20

Weight reflects direct equity holdings (N-PORT) only; leveraged or derivative-based funds may hold additional swap exposure not shown.

Fund Weight Units As of Source
UTES · ETFis Series Trust I 4.75% 488,674 NS July 31, 2026 N-PORT
VPU · VANGUARD WORLD FUND 4.73% 3,721,202 SH Aug. 19, 2026 Daily
FUTY · FIDELITY COVINGTON TRUST 4.53% 822,824 NS July 31, 2026 N-PORT
IDU · iShares Trust 4.31% 451,472 SH Sept. 11, 2026 Daily
UTSL · Direxion Shares ETF Trust 3.90% 11,544 NS July 31, 2026 N-PORT
RSPU · Invesco Exchange-Traded Fund Trust 3.32% 130,990 SH Oct. 2, 2026 Daily
PUI · Invesco Exchange-Traded Fund Trust 3.22% 12,921 SH Oct. 2, 2026 Daily
JXI · iShares Trust 3.08% 74,917 SH Sept. 11, 2026 Daily
TBG · EA Series Trust 2.95% 59,979 NS July 31, 2026 N-PORT
POWR · iShares, Inc. 2.70% 99,851 SH Sept. 11, 2026 Daily
FXU · First Trust Exchange-Traded AlphaDE… 2.38% 154,498 NS July 31, 2026 N-PORT
IGF · iShares Trust 1.92% 1,615,908 SH Sept. 11, 2026 Daily
ELCV · Strategy Shares 1.85% 36,333 NS July 31, 2026 N-PORT
FPWR · First Trust Exchange-Traded Fund IV 1.67% 3,876 NS July 31, 2026 N-PORT
EMLP · First Trust Exchange-Traded Fund IV 1.65% 531,548 NS July 31, 2026 N-PORT
VRP · Invesco Exchange-Traded Fund Trust … 1.58% 49,272,000 Oct. 2, 2026 Daily
PWV · Invesco Exchange-Traded Fund Trust 1.49% 225,867 SH Oct. 2, 2026 Daily
IQRA · New York Life Investments Active ET… 1.46% 787 NS July 31, 2026 N-PORT
QNXT · iShares Trust 1.29% 2,846 SH Sept. 11, 2026 Daily
SPLV · Invesco Exchange-Traded Fund Trust … 1.10% 635,089 SH Oct. 2, 2026 Daily
FDVV · FIDELITY COVINGTON TRUST 1.10% 871,698 NS July 31, 2026 N-PORT
VRAI · ETFis Series Trust I 1.04% 1,515 NS July 31, 2026 N-PORT
QQQE · Direxion Shares ETF Trust 1.03% 107,307 NS July 31, 2026 N-PORT
NFRA · FlexShares Trust 0.97% 227,487 NS July 31, 2026 N-PORT
DVY · iShares Trust 0.91% 1,739,193 SH Sept. 11, 2026 Daily
VFMV · VANGUARD WELLINGTON FUND 0.87% 26,601 SH Aug. 19, 2026 Daily
ESUM · Strategy Shares 0.84% 12,029 NS July 31, 2026 N-PORT
EQIN · Columbia ETF Trust I 0.73% 17,428 NS July 31, 2026 N-PORT
SPVM · Invesco Exchange-Traded Fund Trust 0.71% 7,804 SH Oct. 2, 2026 Daily
TRFM · ETF Series Solutions 0.71% 13,739 NS July 31, 2026 N-PORT
VOE · VANGUARD INDEX FUNDS 0.64% 1,747,586 SH Aug. 19, 2026 Daily
LQAI · Exchange Listed Funds Trust 0.63% 109 NS July 31, 2026 N-PORT
IMCV · iShares Trust 0.55% 51,254 SH Sept. 11, 2026 Daily
USMV · iShares Trust 0.47% 911,683 SH Sept. 11, 2026 Daily
FTA · First Trust Exchange-Traded AlphaDE… 0.47% 51,336 NS July 31, 2026 N-PORT
IMCB · iShares Trust 0.47% 63,636 SH Sept. 11, 2026 Daily
EIPX · First Trust Exchange-Traded Fund IV 0.46% 20,348 NS July 31, 2026 N-PORT
DGRO · iShares Trust 0.44% 1,514,710 SH Sept. 11, 2026 Daily
IMCG · iShares Trust 0.39% 126,831 SH Sept. 11, 2026 Daily
JMOM · J.P. Morgan Exchange-Traded Fund Tr… 0.39% 76,501 NS July 31, 2026 N-PORT
WLDR · Two Roads Shared Trust 0.38% 2,741 NS July 31, 2026 N-PORT
XOEF · iShares Trust 0.38% 683 SH Sept. 10, 2026 Daily
JPUS · J.P. Morgan Exchange-Traded Fund Tr… 0.37% 13,115 NS July 31, 2026 N-PORT
VO · VANGUARD INDEX FUNDS 0.36% 5,895,495 SH Aug. 19, 2026 Daily
BSCT · Invesco Exchange-Traded Self-Indexe… 0.35% 10,091,000 Oct. 2, 2026 Daily
QLV · FlexShares Trust 0.34% 4,368 NS July 31, 2026 N-PORT
VIG · VANGUARD SPECIALIZED FUNDS 0.32% 3,073,908 SH Aug. 19, 2026 Daily
PTNQ · Pacer Funds Trust 0.32% 29,754 NS July 31, 2026 N-PORT
QQWZ · Pacer Funds Trust 0.32% 1,263 NS July 31, 2026 N-PORT
VYM · VANGUARD WHITEHALL FUNDS 0.31% 2,173,472 SH Aug. 19, 2026 Daily
ROUS · Lattice Strategies Trust 0.30% 16,774 NS July 31, 2026 N-PORT
ESLV · Strategy Shares 0.30% 338 NS July 31, 2026 N-PORT
QSIX · Pacer Funds Trust 0.29% 420 NS July 31, 2026 N-PORT
VTV · VANGUARD INDEX FUNDS 0.28% 5,178,611 SH Aug. 19, 2026 Daily
QQQM · Invesco Exchange-Traded Fund Trust … 0.27% 2,504,348 SH Oct. 2, 2026 Daily
QQQ · Invesco QQQ Trust, Series 1 0.27% 11,402,328 SH Oct. 2, 2026 Daily
FDLO · FIDELITY COVINGTON TRUST 0.27% 30,098 NS July 31, 2026 N-PORT
FDRR · FIDELITY COVINGTON TRUST 0.27% 15,437 NS July 31, 2026 N-PORT
QUVU · Hartford Funds Exchange-Traded Trust 0.27% 3,736 NS July 31, 2026 N-PORT
VOOV · VANGUARD ADMIRAL FUNDS 0.26% 125,344 SH Aug. 19, 2026 Daily
FDMO · FIDELITY COVINGTON TRUST 0.26% 18,118 NS July 31, 2026 N-PORT
FEX · First Trust Exchange-Traded AlphaDE… 0.25% 30,899 NS July 31, 2026 N-PORT
IWX · iShares Trust 0.25% 78,550 SH Sept. 11, 2026 Daily
PFIG · Invesco Exchange-Traded Fund Trust … 0.25% 336,000 Oct. 2, 2026 Daily
PFM · Invesco Exchange-Traded Fund Trust 0.24% 15,498 SH Oct. 2, 2026 Daily
FAB · First Trust Exchange-Traded AlphaDE… 0.24% 3,101 NS July 31, 2026 N-PORT
BSCR · Invesco Exchange-Traded Self-Indexe… 0.23% 10,512,000 Oct. 2, 2026 Daily
IVE · iShares Trust 0.23% 902,805 SH Sept. 11, 2026 Daily
IUSV · iShares Trust 0.21% 476,860 SH Sept. 11, 2026 Daily
VONV · VANGUARD SCOTTSDALE FUNDS 0.21% 328,871 SH Aug. 19, 2026 Daily
EUSA · iShares, Inc. 0.20% 30,902 SH Sept. 11, 2026 Daily
EQAL · Invesco Exchange-Traded Fund Trust … 0.20% 13,177 SH Oct. 2, 2026 Daily
RSP · Invesco Exchange-Traded Fund Trust 0.20% 1,565,616 SH Oct. 2, 2026 Daily
IWD · iShares Trust 0.18% 1,210,530 SH Sept. 11, 2026 Daily
MGV · VANGUARD WORLD FUND 0.18% 170,992 SH Aug. 19, 2026 Daily
SIZE · iShares Trust 0.18% 6,101 SH Sept. 11, 2026 Daily
ACWV · iShares, Inc. 0.15% 40,730 SH Sept. 11, 2026 Daily
BSCU · Invesco Exchange-Traded Self-Indexe… 0.14% 4,478,000 Oct. 1, 2026 Daily
VMAX · Lattice Strategies Trust 0.14% 552 NS July 31, 2026 N-PORT
PRF · Invesco Exchange-Traded Fund Trust 0.14% 113,636 SH Oct. 2, 2026 Daily
QVML · Invesco Exchange-Traded Fund Trust … 0.13% 18,384 SH Oct. 2, 2026 Daily
BSCS · Invesco Exchange-Traded Self-Indexe… 0.13% 4,658,000 Oct. 2, 2026 Daily
DCOR · Dimensional ETF Trust 0.13% 33,258 NS July 31, 2026 N-PORT
TOPC · iShares Trust 0.12% 328 SH Sept. 11, 2026 Daily
DFAU · Dimensional ETF Trust 0.12% 118,971 NS July 31, 2026 N-PORT
LGDX · Tidal Trust III 0.12% 1,359 NS July 31, 2026 N-PORT
VOO · VANGUARD INDEX FUNDS 0.12% 14,135,836 SH Aug. 19, 2026 Daily
VV · VANGUARD INDEX FUNDS 0.12% 635,459 SH Aug. 19, 2026 Daily
TOV · EA Series Trust 0.12% 2,422 NS July 31, 2026 N-PORT
IWL · iShares Trust 0.12% 21,195 SH Sept. 11, 2026 Daily
ILCV · iShares Trust 0.11% 12,219 SH Sept. 11, 2026 Daily
RWL · Invesco Exchange-Traded Fund Trust … 0.11% 90,777 SH Oct. 2, 2026 Daily
VONE · VANGUARD SCOTTSDALE FUNDS 0.11% 90,212 SH Aug. 19, 2026 Daily
BBUS · J.P. Morgan Exchange-Traded Fund Tr… 0.11% 74,981 NS July 31, 2026 N-PORT
PTLC · Pacer Funds Trust 0.11% 27,362 NS July 31, 2026 N-PORT
VOTE · TCW ETF Trust 0.11% 9,195 NS July 31, 2026 N-PORT
JFLI · J.P. Morgan Exchange-Traded Fund Tr… 0.11% 400 NS July 31, 2026 N-PORT
BKLC · BNY Mellon ETF Trust 0.11% 45,496 NS July 31, 2026 N-PORT
EWUS · iShares Trust 0.11% 16,687 SH Sept. 11, 2026 Daily
DFUS · Dimensional ETF Trust 0.10% 170,822 NS July 31, 2026 N-PORT
IVV · iShares Trust 0.10% 6,858,303 SH Sept. 11, 2026 Daily
ILCB · iShares Trust 0.10% 10,532 SH Sept. 11, 2026 Daily
PBP · Invesco Exchange-Traded Fund Trust 0.10% 3,240 SH Oct. 2, 2026 Daily
VTI · VANGUARD INDEX FUNDS 0.10% 17,274,078 SH Aug. 19, 2026 Daily
VTHR · VANGUARD SCOTTSDALE FUNDS 0.10% 45,830 SH Aug. 19, 2026 Daily
DYNF · BlackRock ETF Trust 0.10% 335,857 SH Sept. 11, 2026 Daily
SPUU · Direxion Shares ETF Trust 0.10% 2,053 NS July 31, 2026 N-PORT
VOXP · Advisors Series Trust 0.10% 45 NS July 31, 2026 N-PORT
PBUS · Invesco Exchange-Traded Fund Trust … 0.10% 94,262 SH Oct. 2, 2026 Daily
QDPL · Pacer Funds Trust 0.10% 13,097 NS July 31, 2026 N-PORT
IYY · iShares Trust 0.10% 23,369 SH Sept. 11, 2026 Daily
IWB · iShares Trust 0.10% 376,314 SH Sept. 11, 2026 Daily
IWV · iShares Trust 0.09% 149,664 SH Sept. 11, 2026 Daily
ITOT · iShares Trust 0.09% 708,369 SH Sept. 11, 2026 Daily
PEVC · Pacer Funds Trust 0.09% 17 NS July 31, 2026 N-PORT
DIVB · iShares Trust 0.09% 14,677 SH Sept. 11, 2026 Daily
ILCG · iShares Trust 0.09% 22,197 SH Sept. 11, 2026 Daily
HCMT · Direxion Shares ETF Trust 0.09% 3,784 NS July 31, 2026 N-PORT
VEGI · iShares, Inc. 0.09% 55,500 SH Sept. 11, 2026 Daily
DFAC · Dimensional ETF Trust 0.08% 314,733 NS July 31, 2026 N-PORT
PHDG · Invesco Actively Managed Exchange-T… 0.08% 431 SH Oct. 2, 2026 Daily
SPXL · Direxion Shares ETF Trust 0.08% 42,538 NS July 31, 2026 N-PORT
TOK · iShares Trust 0.08% 1,480 SH Sept. 11, 2026 Daily
TILT · FlexShares Trust 0.08% 12,956 NS July 31, 2026 N-PORT
URTH · iShares, Inc. 0.07% 48,654 SH Sept. 11, 2026 Daily
MGC · VANGUARD WORLD FUND 0.07% 54,593 SH Aug. 19, 2026 Daily
ACWI · iShares Trust 0.07% 174,382 SH Sept. 11, 2026 Daily
USCL · iShares Trust 0.06% 14,277 SH Sept. 11, 2026 Daily
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AEP Analyst Consensus Bullish and bearish analyst opinions, 12-month price target, upside

21
rating · 28 analysts BUY
Median target $141.00 +17.9%
6 21.4% Strong Buy
10 35.7% Buy
12 42.9% Hold
0 0.0% Sell
0 0.0% Strong Sell

12-Month Price Target

20 analysts · 2026-09-28

Mean target $142.97 +19.6%

← Below all targets Current price $119.57
Low$128.00 Mean$142.97 High$173.00

Peer comparison (GICS sub-industry) Key metrics vs sector peers

22

FY basis, prices as of each company's last fiscal year-end close.

Ticker Market Cap P/E Rev YoY Net Margin ROE Gross Margin
AEP · 17.3 10.9% 16.9% 12.7% ·
NEE $167.22B 24.3 9.8% 26.5% 13.1% ·
SO · · · · · ·
CEG $110.22B 47.7 8.3% 9.1% 16.8% ·
DUK $91.19B 18.6 5.6% 15.7% 9.7% ·
XEL $46.06B 21.6 · · 9.4% ·
ETR · 23.6 9.0% 13.7% 11.1% ·
EXC $44.59B 15.3 5.3% 11.4% 9.9% ·
PCG $35.32B 13.6 2.1% 10.8% 8.6% ·
FE $25.87B 25.4 12.0% 6.8% 8.2% ·
PPL · · · · · ·

Latest News Recent headlines mentioning this company

23

Trading Signals Recent buy/sell signals with entry price and risk/reward ratio

25

No open signal right now — no card is filled, and that's honest.

My Metrics Your personal watchlist — selected rows from Full Fundamentals

26

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Source: SEC 10-Q filed Jul 30, 2026