American Electric Power (AEP)
NASDAQUtilitiesRegulated ElectricSnapshot 2026-11-04
$129.24-0.48%
Close 2026-11-04 · 1-day change
NASDAQUtilitiesRegulated ElectricSnapshot 2026-11-04
Research Workspace
Put AEP beside peers and holdings, graph the same metric, and keep your notes with the evidence.
Daily closes. Earnings/event dots are placed inline.
Industries move in repeating boom-and-bust cycles. This shows where this stock’s industry sits in that cycle, stage by stage (recovery → expansion → supercycle → steady → deceleration → contraction), from its fundamentals (orders, revenue, capital spending), not the stock’s price.
A booming industry is a tailwind for the names in it; a contracting one is a headwind. Companies in the same industry tend to rise and fall together with the cycle, the way a tide lifts and lowers every boat in the harbor at once, so a large part of a stock’s swing can come from where its industry sits rather than from the company itself. It’s context for reading the company’s results, not a buy/sell call. Full explanation →
Electric Utilities is in steady. Describes the industry's cycle state, not a call on this stock.
The stage band shows the industry’s cycle over the chart’s timeline (each color a stage); a ▼ marks a quarter its growth inflected down — amber is an unconfirmed watch, red is confirmed the next quarter. Use “Overlay cycle on chart” to tint the price chart by stage. The industry’s fundamentals, not a signal on this stock.
The reason to own it still holds.
View ThesisRevenue growth is accelerating — up about 11% over the past year.
View GrowthMiddle-of-the-pack quality for its industry.
View QualityMiddle-of-the-pack management execution.
View ManagementExpectations look reasonable — what the market is pricing in sits in line with or below what analysts forecast.
View ValuationRelatively steady — typically moves about 1% a day.
View RiskHealthy across the board
AEP's $100 billion capital plan must keep compounding to justify the price. The company targets 9% to 11% operating EPS growth through 2031. Q3 2026 EPS of $2.23 beat the $2.04 consensus estimate. The stock trades at 2.1 times book value. The peer median for this metric is 2.0 times. The price reflects less growth than our forecast suggests. A guidance cut after a recent raise would hurt credibility. Peer multiples imply a price about 12% below where it trades. Our read remains intact. This read is provisional.
Trailing returns as of 2026-11-04. AEP is total return (includes dividends); the S&P 500 benchmark is price return (the index excludes dividends).
Based on 24 analysts currently covering AEP (as of Nov 2026).
Based on 9 Wall Street analysts offering 12-month price targets for AEP in the last 4 months.
Continue this research
Compare AEP with peers and holdings, graph the same reported metric, keep your questions beside the evidence, and return when the facts change.
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| Compare | Company | Living FV | P/E | Revenue % | Quality |
|---|---|---|---|---|---|
| AEP Selected company | Graph | Compare | Trend | Review | |
| Peer Add a competitor | Graph | Compare | Trend | Review | |
| Holding Compare a holding | Graph | Compare | Trend | Review |
Selected metric trend
Quarterly · checked companies · value or % of revenue
A consensus fair price across 10 valuation methods, at three horizons. As of 2026-11-04. Estimates are diagnostics, not price targets. Short-horizon estimates are close to coin-flips, so confidence is a method-agreement read, not a prediction.
Today's peer multiple on trailing earnings, with no growth credited. This is the headline read.
Adds projected growth, so it leans optimistic by design. Read it as upside context, not a base case.
A price-focused, side-by-side fair-value read versus Electric Utilities — fair value, gap to price, and forward P/E.
Compare the value case
Put AEP next to peers and holdings, compare Living FV and multiples, then graph the driver behind the difference.
Advances: Raise and reaffirm 2026 operating earnings guidance
Not investment advice. Scores describe historical and current data; they are not forecasts of future returns. Consult a licensed advisor before making investment decisions.
End-of-day figures as of 2026-11-04. EPS is implied from price ÷ P/E. Not investment advice.
Current $129.24
The last 12 months of price, then the range of analyst 12-month targets from today’s $129.24.
Analyst ratings and price targets are third-party Wall Street estimates, not QuarterlyIQ’s view. Not investment advice.
A long-thesis check that carries the widest uncertainty of the three horizons.
Below average on quality vs scored peers
Direction of the business behind the multiple. Bands are backend reads; trailing-12-month basis.
Long-term EPS growth and a larger capital plan strengthen the growth and investment outlook.
Advances: Reaffirm 2026 earnings outlook
Beating estimates and reaffirming FY26 outlook support earnings confidence, though no guidance increase is reported.
Advances: Expand contracted load growth to 69 GW by 2030
Exploring a large nuclear project supports prospective contracted load growth, but no commitment is announced.
Advances: Expand contracted load growth to 69 GW by 2030
AEP’s partnership to explore Indiana SMRs supports load growth, though the project remains exploratory.
Advances: Expand contracted load growth to 69 GW by 2030
Advanced nuclear exploration aligns with meeting future demand; capacity and contracts are not yet secured.
Advances: Expand contracted load growth to 69 GW by 2030
The proposed 960-MW project could support load growth, but remains at the exploration stage.
Advances: Expand contracted load growth to 69 GW by 2030
Google deal supports contracted load growth, while the fair-value gap is valuation commentary.
Advances: Invest $78 billion in capital plan through 2030
Investment in fuel cells aligns with capital allocation goals.
