What is the 13F Pro Quality Score for AEP?

13F Pro ranks AMERICAN ELECTRIC POWER CO INC (AEP) on the 13F Pro Quality Score, a 0–100 composite of 32 fundamental signals including return on invested capital, free cash flow consistency, balance-sheet strength, earnings quality, growth durability, and valuation discipline. The score refreshes after each 10-K and 10-Q filing on SEC EDGAR. View AEP's current score at https://13fpro.ai/research/AEP (free sign-up required for the full ranking).

Which hedge funds own the most AEP stock?

Based on the most recent Form 13F-HR filings on SEC EDGAR, the largest reported institutional holders of AEP include BlackRock,, VANGUARD CAPITAL MANAGEMENT, STATE STREET. Holdings are reported quarterly within 45 days of quarter-end and updated on https://13fpro.ai/research/AEP as soon as new 13F filings post.

Where does 13F Pro source AEP data?

All AMERICAN ELECTRIC POWER CO INC fundamentals and ownership data come directly from SEC EDGAR. AMERICAN ELECTRIC POWER CO INC files with the SEC under CIK 4904. 13F Pro ingests XBRL financial facts from 10-K and 10-Q filings, Form 13F-HR institutional holdings, and Form 4 insider transactions, with no third-party rewrites or estimates.

What sector is AEP in?

AMERICAN ELECTRIC POWER CO INC (AEP) is classified in the Utilities sector. 13F Pro publishes sector-level fund flow analysis and quality leaders at https://13fpro.ai/research/sector/utilities.

What drives AEP's revenue?

Per AMERICAN ELECTRIC POWER CO INC's latest 10-Q filed with the SEC on 2026-05-05, the biggest revenue drivers are: Vertically Integrated Utilities ($3,365M, +9% YoY); Transmission and Distribution Utilities ($1,594M, +5% YoY); Generation & Marketing ($931M, +28% YoY). Figures are extracted from the filing text and machine-verified against the document. Full breakdown at https://13fpro.ai/research/AEP.

What are AEP's largest expenses?

AMERICAN ELECTRIC POWER CO INC's latest 10-Q reports these as the largest expense items: Purchased Electricity, Fuel and Other Consumables ($2,118M, +14% YoY); Depreciation and Amortization ($907M, +9% YoY); Other Operation and Maintenance ($750M, unchanged). Sourced directly from SEC EDGAR filing text for Q1 2026 (quarter ended March 31, 2026).

How often is AEP research updated on 13F Pro?

AEP's fundamentals refresh within hours of each new 10-K or 10-Q filing on SEC EDGAR. Institutional ownership updates after each quarterly 13F filing window. Insider transactions update after each Form 4 filing. The 13F Pro Quality Score recalculates after every fundamentals refresh.

AMERICAN ELECTRIC POWER CO INC(AEP)Stock Analysis

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13F Pro Quality Score

75.4/100

Rank #129 of 2,879 stocksTOP 5%

View Utilities peers →

Rankings refresh quarterly once 80% of peers have filed (~45 days after quarter-end). Next update: ~Aug 14, 2026.

Revenue Growth

57.8/100

Profitability

83.0/100

Balance Sheet

60.9/100

Earnings Quality

65.8/100

Free Cash Flow

85.8/100

Institutional Flow

74.0/100

Revenue Scale

93.4/100

Dilution Risk

84.4/100

AEP Stock Analysis & AI Quality Score

AI stock analysis and institutional research for AMERICAN ELECTRIC POWER CO INC (AEP), a Utilities sector company. 13F Pro's AI-powered ranking engine scores AEP at 75.4/100 on a 32-signal composite quality model, placing it at rank #129 of 2,879 stocks — the top 5% of the AI-ranked universe. AEP scores in the top quartile across revenue scale (93.4), free cash flow (85.8), profitability (83.0). Based on the latest XBRL financial filings (Q1 2026), AMERICAN ELECTRIC POWER CO INC reports quarterly revenue of $6.0B, net income of $903.0M, an operating margin of 22.6%. Top institutional holders of AEP by reported 13-F value include BlackRock,, VANGUARD CAPITAL MANAGEMENT, STATE STREET, based on the most recent SEC filings. AEP trades on the Nasdaq exchange and files with the SEC under CIK 4904. 13F Pro's AI research platform runs 10 specialized AI analysts — value, growth, momentum, macro, and activist specialists — that debate AEP daily and publish AI-generated analysis with cited SEC sources. The platform aggregates historical XBRL financial facts, 10-Q and 10-K filings, insider Form 4 transactions, and institutional 13-F holdings for AMERICAN ELECTRIC POWER CO INC directly from SEC EDGAR. AMERICAN ELECTRIC POWER CO INC's 13F Pro composite quality score has ranged between 8 and 77 since 2021, currently 75.4 — an improving long-term trajectory across 56 quarterly and live scoring snapshots.

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Fun facts about AMERICAN ELECTRIC POWER CO INC

Quirks, history, and lore behind AEP — the kind of stuff that makes a stock memorable.

1
The Basics
U.S. electric utility company · large-cap · listed on Nasdaq · headquartered in Ohio.
2
The Numbers
Annual revenue in the range of $18–20 billion, with a transmission and distribution network spanning roughly 40,000 miles of lines — one of the largest in the country.
3
The History
Traces its roots back to the early 1900s, consolidating regional power companies across the Appalachian and Midwest regions over many decades into a single giant.
4
The Secret
It operates across 11 states and serves roughly 5 million customers — yet most people couldn't tell you its name because your local utility just calls itself something else.
5
The Lore
Its high-voltage transmission network is so vast it plays a backbone role in keeping the lights on across the PJM and MISO grid systems that cover much of the eastern U.S.
6
The Giveaway
Two initials that double as a stock ticker, a parent hiding behind brands like Appalachian Power, Indiana Michigan Power, and Ohio Power — all the same company wearing different name tags.

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What's Driving AEP's Business? Latest 10-Q Breakdown

✓ 24/24 datapoints verified

AI-extracted from AMERICAN ELECTRIC POWER CO INC's 10-Q filed 2026-05-05 — Q1 2026 (quarter ended March 31, 2026). Every figure is machine-verified against the filing text on SEC EDGAR.

AEP earned $874M in Q1 2026, up 9% YoY, driven by transmission investments, rate case wins, new commercial load additions, and renewable contract termination gains, partially offset by weather headwinds and a $31M Pirkey Plant disallowance.

Biggest Revenue Drivers

Total revenue: $6.020B+10% YoY

Vertically Integrated Utilities$3,365M+9% YoY

Retail revenue up $183M from base rate increases and weather-normalized load growth in commercial/industrial classes, offset by residential decline; transmission revenue up $39M from continued investment.

Transmission and Distribution Utilities$1,594M+5% YoY

Retail revenue up $33M primarily from higher SSO purchased power prices in Ohio; transmission revenue up $20M from Ohio and Texas investments.

Generation & Marketing$931M+28% YoY

Retail, trading and marketing revenue up $174M from higher market prices; merchant generation up $9M from improved pricing; offset by higher commodity costs.

Other Revenues$130Munchanged

Corporate and other miscellaneous revenues.

Largest Expense Items

Purchased Electricity, Fuel and Other Consumables$2,118M+14% YoY

Increase primarily due to higher energy costs in Generation & Marketing and recoverable fuel/purchased power at Vertically Integrated and Transmission & Distribution utilities.

Depreciation and Amortization$907M+9% YoY

Higher depreciable base across segments; APCo's cumulative CAMT true-up offset by MRBC surcharge true-up deferral.

Other Operation and Maintenance$750Munchanged

Increased vegetation management, transmission/distribution expenses, and generation maintenance offset by $23M gain on land sale at APCo.

Taxes Other Than Income Taxes$443M+5% YoY

Higher property taxes from transmission investments and business/occupation taxes.

Margins: Gross margin expanded slightly as regulatory rate increases and transmission revenues outpaced fuel/commodity cost inflation. Operating income grew 6% YoY to $1,360M despite higher depreciation and O&M expenses, benefiting from favorable rate outcomes and load growth in commercial segments.

Watch Items from the Filing

$80M of AEP Texas UTM deferred costs pending PUCT approval; partial disallowance recommended by ALJ in March 2026; retroactive refunds possible if final decision differs from company position.
Pirkey Plant disallowance: $31M non-cash charge in Q1 2026 for probable partial disallowance of net book value in SWEPCo's 2025 Texas rate case; settlement reached April 2026 but subject to PUCT final order.
Three customers represent 21%, 17%, and 16% of Generation & Marketing revenue; concentration risk in competitive segment with MTM volatility.
$2.6B West Virginia securitization approved March 2026 for undepreciated plant, ENEC recovery, and storm costs; subject to final WVPSC review after bond pricing; if costs not recoverable, impact to net income and cash flows.
Commercial/industrial load growth of new data processing customers offset residential weakness from weather; large load tariff proposals pending in four jurisdictions (Michigan, Oklahoma, Texas, Virginia).

AI-extracted and verified against SEC EDGAR filing text. Not investment advice.

Read the full 10-Q on SEC EDGAR →Share on X

Revenue

Q1 2026

$6.0B

Net Income

Q1 2026

$903.0M

Free Cash Flow

Q1 2026

$554.0M

Operating Margin

Q1 2026

22.6%

ROIC

Q1 2026

1.7%

D/E Ratio

Q1 2026

1.69

Revenue & Net Income

Earnings Per Share

Key Financials Over Time

Export Financial Table · Pro+

Revenue

+10.9% YoY

$21.88BFY 2025

FY21 $16.79BFY23 $18.98BFY24 $19.72BFY25 $21.88B

Operating Income

+23.6% YoY

$5.32BFY 2025

FY21 $3.41BFY23 $3.56BFY24 $4.30BFY25 $5.32B

EPS (Diluted)

+19.4% YoY

$6.66FY 2025

FY21 $4.96FY23 $4.24FY24 $5.58FY25 $6.66

Total Assets

+11.0% YoY

$114.46BFY 2025

FY21 $87.67BFY23 $96.68BFY24 $103.08BFY25 $114.46B

Total Debt

+7.3% YoY

$52.02BFY 2025

FY21 $38.22BFY23 $45.46BFY24 $48.50BFY25 $52.02B

Op. Cash Flow

+2.1% YoY

$6.94BFY 2025

FY21 $3.84BFY23 $5.01BFY24 $6.80BFY25 $6.94B

Metric	FY 2025	FY 2024	FY 2023	FY 2021	FY 2020	FY 2019
Revenue	$21.88B +10.9%	$19.72B +3.9%	$18.98B +13.0%	$16.79B +12.6%	$14.92B -4.1%	$15.56B
Operating Income	$5.32B +23.6%	$4.30B +21.0%	$3.56B +4.2%	$3.41B +14.2%	$2.99B +15.3%	$2.59B
EPS (Diluted)	$6.66 +19.4%	$5.58 +31.6%	$4.24 -14.5%	$4.96 +12.2%	$4.42 +13.9%	$3.88
Total Assets	$114.46B +11.0%	$103.08B +6.6%	$96.68B +10.3%	$87.67B +8.6%	$80.76B +6.4%	$75.89B
Total Debt	$52.02B +7.3%	$48.50B +6.7%	$45.46B +18.9%	$38.22B +7.3%	$35.64B +14.4%	$31.16B
Operating Cash Flow	$6.94B +2.1%	$6.80B +35.8%	$5.01B +30.5%	$3.84B +0.2%	$3.83B -10.2%	$4.27B

AI Insight: AEP Financial Trends

Operating income stabilized near $1.3–1.5B per quarter while debt rose 17% year-over-year to $53.8B, pressuring leverage metrics.

• Operating income averaged $1.35B in 2025 vs. $1.1B in early 2024, showing operational consistency despite seasonal revenue swings.

• Total debt increased from $45.8B (Q2 2024) to $53.8B (Q1 2026), a 17% rise; equity grew 22% to $31.8B but not in lockstep.

• Operating cash flow oscillated between $1.2B and $2.5B quarterly; Q3 2025 peaked at $2.46B but Q1 2026 fell to $1.52B.

⚠ Debt-to-equity ratio rose to 1.69x (Q1 2026) from 1.75x (Q2 2024), reflecting aggressive leverage despite equity growth.

⚠ Operating cash flow declined 38% from Q3 2025 ($2.46B) to Q1 2026 ($1.52B); monitor if seasonal or structural.

AI Insight: AEP Ratio Trends

Operating margins remain elevated but ROIC volatility and rising leverage signal execution challenges in a capital-intensive utility.

• Operating margin averaged 24.1% TTM versus 14.9% in Q2 2024, driven by pricing and operational leverage.

• ROIC improved from 3.8% in Q2 2024 to 6.3% TTM, but Q4 2025 dip to 5.4% signals seasonal or project-timing drag.

• Debt-to-equity peaked at 1.85 in Q1 2025; recent improvement to 1.69 TTM suggests deleveraging progress.

⚠ ROIC volatility persists quarter-to-quarter (5.4% to 7.6%); sustained return generation on capital remains unproven.

⚠ Q4 2025 operating margin collapsed to 21.0% from 25.3% in Q3; typical seasonal weakness or structural cost pressure unclear.

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Available Research

13F Pro tracks comprehensive data for AMERICAN ELECTRIC POWER CO INC including:

SEC EDGAR filings (10-K, 10-Q, 8-K)

XBRL financial facts (revenue, EPS, margins)

Insider transactions (Form 4)

Institutional 13F holdings

Quality rankings (32 signals)

AI analyst debates & daily meetings

Historical financial trends

Peer comparison & sector analysis

Top Institutional Holders of AEP

BlackRock, Inc.
$6.3B47,797,729 sh
VANGUARD CAPITAL MANAGEMENT LLC
$4.6B35,138,422 sh
STATE STREET CORP
$4.0B30,288,136 sh
VANGUARD PORTFOLIO MANAGEMENT LLC
$2.0B15,608,556 sh
GQG Partners LLC
$2.0B15,025,884 sh
MORGAN STANLEY
$1.9B14,486,169 sh
GEODE CAPITAL MANAGEMENT, LLC
$1.9B14,222,791 sh
WELLINGTON MANAGEMENT GROUP LLP
$1.7B13,156,392 sh
BARCLAYS PLC
$1.4B10,367,590 sh
AMERIPRISE FINANCIAL INC
$1.2B9,070,376 sh

Fund	Value	Shares
BlackRock, Inc.	$6.3B	47,797,729
VANGUARD CAPITAL MANAGEMENT LLC	$4.6B	35,138,422
STATE STREET CORP	$4.0B	30,288,136
VANGUARD PORTFOLIO MANAGEMENT LLC	$2.0B	15,608,556
GQG Partners LLC	$2.0B	15,025,884
MORGAN STANLEY	$1.9B	14,486,169
GEODE CAPITAL MANAGEMENT, LLC	$1.9B	14,222,791
WELLINGTON MANAGEMENT GROUP LLP	$1.7B	13,156,392
BARCLAYS PLC	$1.4B	10,367,590
AMERIPRISE FINANCIAL INC	$1.2B	9,070,376

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Is AEP a good stock to buy?

13F Pro's AI-powered analysis of AMERICAN ELECTRIC POWER CO INC (AEP) draws on SEC EDGAR-sourced fundamentals, institutional 13F holdings, and insider Form 4 transactions in the Utilities sector (listed on Nasdaq). The 32-signal AI Quality Score, current rank, and full bull/bear verdict for AEP are available on the AEP stock profile dashboard — with the same data, AI insights, ratios, and institutional activity refreshed after every 10-K, 10-Q, 13F, and Form 4 filing.

Which hedge funds own AEP?

Institutional investors are required to disclose their holdings quarterly via SEC Form 13F. 13F Pro aggregates these filings to show which hedge funds, mutual funds, and asset managers are buying or selling AEP. Combined with insider transaction data from Form 4 filings and AI-powered analysis from 10 specialized research agents, 13F Pro provides a comprehensive view of AMERICAN ELECTRIC POWER CO INC's investment landscape.