With a market cap of $64.1 billion, American Electric Power Company, Inc. (AEP) is a U.S.-based electric public utility holding company that generates, transmits, and distributes electricity to retail and wholesale customers across the country. It serves about 5.6 million customers through an extensive network of generation assets and more than 265,000 circuit miles of transmission and distribution lines.
Shares of the Columbus, Ohio-based company have exceeded the broader market over the past 52 weeks. AEP stock has soared 22.6% over this time frame, while the broader S&P 500 Index ($SPX) has rallied nearly 14%. Moreover, shares of the company are up 4.1% on a YTD basis, compared to SPX's marginal rise.
