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American Electric Power Co Inc AEP

Rating as of

Morningstar’s Analysis

Valuation
Currency in USD
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1-Star Price

PREMIUM

5-Star Price

PREMIUM

Economic Moat

PREMIUM

Capital Allocation

PREMIUM

AEP Well Positioned to Benefit Under Biden's $2 Trillion Infrastructure Plan

Andrew Bischof, CFA, CPA Senior Equity Analyst

Analyst Note

| Andrew Bischof, CFA, CPA |

We are reaffirming our $89 fair value estimate for American Electric Power after President Joe Biden released a $2 trillion infrastructure plan. After trading in deep 4-star territory, AEP now trades at a 5% discount to our fair value estimate as of early April. We continue to view AEP as an attractive long-term holding.

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Company Profile

Business Description

American Electric Power is one of the largest regulated utilities in the United States, providing electricity generation, transmission, and distribution to more than 5 million retail customers in 11 states. About 43% of AEP's of capacity is coal, with the remainder from a mix of natural gas (29%), renewable energy and hydro (18%), nuclear (8%), and demand response (2%). Vertically integrated utilities, transmission and distribution, and generation and marketing support earnings.

Contact
1 Riverside Plaza
Columbus, OH, 43215-2373
T +1 614 716-1000
Sector Utilities
Industry Utilities - Regulated Electric
Most Recent Earnings Dec 31, 2020
Fiscal Year End Dec 31, 2021
Stock Type High Yield
Employees 16,787

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