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47.71 (1y: +24%)
Market Cap 23.47 B P/E(ttm) 18.80
Enterprise Value 41.91 B P/B 1.52
AEP- NYSE (USA)
American Electric Power Co Inc
  • Currently 1/5
Business Predictability Rank: 1-Star (On Watch)
Back Testing Results:
Average gain of all 1-Star stocks: 1.1% per year.
% of Stocks that are in still loss if held for 10yrs: 45%.
Read more:
What is Predictability Rank?
Performances of real portfolio
Top Ranked Predictable Companies
$47.71
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GuruFocus Financial Strength Rank measures how strong a company’s financial situation is. It is based on these factors

1. The debt burden that the company has as measured by its Interest coverage (current year).
2. Debt to revenue ratio. The lower, the better
3. Altman Z-score.

A company ranks high with financial strength is likely to withstand any business slowdowns and recessions.

Financial Strength : 7/10

vs
industry		 vs
history
Cash to Debt 0.032
AEP's Cash to Debt is ranked lower than
78% of the 366 Companies
in the Global Utilities - Regulated Electric industry.

( Industry Median: 0.19 vs. AEP: 0.032 )
AEP' s 10-Year Cash to Debt Range
Min: 0.01   Max: 0.13
Current: 0.03
0.01
0.13
Equity to Asset 0.279
AEP's Equity to Asset is ranked lower than
58% of the 366 Companies
in the Global Utilities - Regulated Electric industry.

( Industry Median: 0.31 vs. AEP: 0.279 )
AEP' s 10-Year Equity to Asset Range
Min: 0.12   Max: 0.28
Current: 0.28
0.12
0.28
Interest Coverage 2.7
AEP's Interest Coverage is ranked higher than
50% of the 366 Companies
in the Global Utilities - Regulated Electric industry.

( Industry Median: 2.70 vs. AEP: 2.7 )
AEP' s 10-Year Interest Coverage Range
Min: 2   Max: 3
Current: 2.7
2
3
F-Score: 6
Z-Score: 0.81
GuruFocus Profitability Rank ranks how profitable a company is and how likely the company’s business will stay that way. It is based on these factors:

1. Operating Margin
2. Trend of the Operating Margin (5-year average). The company with an uptrend profit margin has a higher rank.
••3. Consistency of the profitability
4. Piotroski F-Score
5. Predictability Rank•

The maximum rank is 10. A rank of 7 or higher means a higher profitability and may stay that way. A rank of 3 or lower indicates that the company has had trouble to make a profit.

Profitability Rank is not directly related to the Financial Strength Rank. But if a company is consistently profitable, its financial strength will be stronger.

Profitability & Growth : 7/10

vs
industry		 vs
history
Operating margin (%) 17.80
AEP's Operating margin (%) is ranked higher than
69% of the 366 Companies
in the Global Utilities - Regulated Electric industry.

( Industry Median: 11.00 vs. AEP: 17.80 )
AEP' s 10-Year Operating margin (%) Range
Min: 3.9   Max: 20.5
Current: 17.8
3.9
20.5
Net-margin (%) 8.4
AEP's Net-margin (%) is ranked higher than
58% of the 366 Companies
in the Global Utilities - Regulated Electric industry.

( Industry Median: 7.00 vs. AEP: 8.4 )
AEP' s 10-Year Net-margin (%) Range
Min: -3.6   Max: 12.9
Current: 8.4
-3.6
12.9
ROE (%) 8.3
AEP's ROE (%) is ranked higher than
58% of the 366 Companies
in the Global Utilities - Regulated Electric industry.

( Industry Median: 7.40 vs. AEP: 8.3 )
AEP' s 10-Year ROE (%) Range
Min: -7.3   Max: 13.3
Current: 8.3
-7.3
13.3
ROA (%) 2.3
AEP's ROA (%) is ranked lower than
56% of the 366 Companies
in the Global Utilities - Regulated Electric industry.

( Industry Median: 2.60 vs. AEP: 2.3 )
AEP' s 10-Year ROA (%) Range
Min: -1.5   Max: 3.7
Current: 2.3
-1.5
3.7
ROC (Joel Greenblatt) (%) 6.80
AEP's ROC (Joel Greenblatt) (%) is ranked lower than
55% of the 366 Companies
in the Global Utilities - Regulated Electric industry.

( Industry Median: 7.40 vs. AEP: 6.80 )
AEP' s 10-Year ROC (Joel Greenblatt) (%) Range
Min: 6.8   Max: 12.8
Current: 6.8
6.8
12.8
Revenue Growth (%) 1.2
AEP's Revenue Growth (%) is ranked higher than
57% of the 366 Companies
in the Global Utilities - Regulated Electric industry.

( Industry Median: 0.00 vs. AEP: 1.2 )
AEP' s 10-Year Revenue Growth (%) Range
Min: -34.3   Max: 5.2
Current: 1.2
-34.3
5.2
EBITDA Growth (%) -0.6
AEP's EBITDA Growth (%) is ranked lower than
79% of the 366 Companies
in the Global Utilities - Regulated Electric industry.

( Industry Median: 0.00 vs. AEP: -0.6 )
AEP' s 10-Year EBITDA Growth (%) Range
Min: -7.9   Max: 12.3
Current: -0.6
-7.9
12.3
EPS Growth (%) -3.2
AEP's EPS Growth (%) is ranked lower than
82% of the 366 Companies
in the Global Utilities - Regulated Electric industry.

( Industry Median: 0.00 vs. AEP: -3.2 )
AEP' s 10-Year EPS Growth (%) Range
Min: -23.1   Max: 71.9
Current: -3.2
-23.1
71.9
» AEP's 10-Y Financials

Financials


Revenue & Net Income
Cash & Debt
Oprt. Cash Flow & Free Cash Flow

» Details

Guru Trades
Q2 2012

AEP Guru Trades in Q2 2012

Jim Simons 439,749 sh (+799.28%)
David Dreman 68,720 sh (+1.1%)
John Hussman 1,000 sh (unchged)
Dodge & Cox 6,200 sh (unchged)
Paul Tudor Jones Sold Out
Mario Gabelli 7,500 sh (-13.61%)
Pioneer Investments 2,822,741 sh (-18%)
Jeremy Grantham 20,700 sh (-18.82%)
Steven Cohen 15,264 sh (-94.83%)
Louis Moore Bacon 5,099 sh (-97.96%)
» More
Q3 2012

AEP Guru Trades in Q3 2012

Ruane Cunniff 15,300 sh (New)
Louis Moore Bacon 22,989 sh (+350.85%)
Mario Gabelli 17,500 sh (+133.33%)
Steven Cohen 16,218 sh (+6.25%)
Pioneer Investments 2,836,575 sh (+0.49%)
David Dreman 68,839 sh (+0.17%)
John Hussman 1,000 sh (unchged)
Jeremy Grantham Sold Out
Jim Simons Sold Out
Dodge & Cox Sold Out
» More
Q4 2012

AEP Guru Trades in Q4 2012

John Hussman 151,000 sh (+15000%)
Mario Gabelli 17,500 sh (unchged)
Jeremy Grantham 37,500 sh (unchged)
Ruane Cunniff 15,300 sh (unchged)
Steven Cohen Sold Out
Louis Moore Bacon Sold Out
David Dreman 67,494 sh (-1.95%)
Pioneer Investments 2,671,485 sh (-5.82%)
» More
Q1 2013

AEP Guru Trades in Q1 2013

Paul Tudor Jones 5,600 sh (New)
Jim Simons 38,500 sh (New)
Steven Cohen 26,299 sh (New)
Jeremy Grantham 49,000 sh (+30.67%)
Ruane Cunniff 15,300 sh (unchged)
John Hussman 151,000 sh (unchged)
Mario Gabelli 17,500 sh (unchged)
David Dreman 63,254 sh (-6.28%)
Pioneer Investments 1,861,424 sh (-30.32%)
» More
» Details

Insider Trades

Latest Guru Trades with AEP

GuruDate Trades Impact to Portfolio Price Range * (?) Current Price Change from Average Current Shares
John Hussman 2012-12-31 Add 15000%0.17%$40.96 - $45.27 $ 47.7110%151000
Ruane Cunniff 2012-09-30 New Buy0.01%$40.18 - $44.36 $ 47.7112%15300
Dodge & Cox 2012-09-30 Sold Out $40.18 - $44.36 $ 47.7112%0
Mario Gabelli 2012-09-30 Add 133.33%$40.18 - $44.36 $ 47.7112%17500
George Soros 2011-12-31 Sold Out 0.13%$36.66 - $41.65 $ 47.7122%0
John Hussman 2011-12-31 Reduce -99%0.06%$36.66 - $41.65 $ 47.7122%1000
David Dreman 2011-12-31 Reduce -30.23%0.03%$36.66 - $41.65 $ 47.7122%67985
George Soros 2011-09-30 New Buy0.13%$33.91 - $38.63 $ 47.7127%201000
John Hussman 2011-09-30 New Buy0.06%$33.91 - $38.63 $ 47.7127%100000
Dodge & Cox 2011-03-31 New Buy$33.6 - $36.75 $ 47.7134%7200
Mario Gabelli 2011-03-31 Reduce -99%$33.6 - $36.75 $ 47.7134%7500
George Soros 2010-12-31 Sold Out 0.01%$35.08 - $37.7 $ 47.7132%0
Charles Brandes 2010-09-30 Sold Out 0.05%$32.39 - $36.72 $ 47.7134%0
George Soros 2010-09-30 New Buy0.01%$32.39 - $36.72 $ 47.7134%11000
Dodge & Cox 2010-06-30 Sold Out $30.97 - $34.56 $ 47.7144%0
Dodge & Cox 2010-03-31 Reduce -25.02%$32.82 - $36.52 $ 47.7138%23380
Premium More recent guru trades are included for Premium Members only!!

Top Ranked Articles about American Electric Power Co Inc

Weekly Top Insider Buys
February 26, 2013
According to GuruFocus Insider Data, these are the largest insider buys during the past week. The overall trend of insiders is illustrated in the chart below: Read more...

Ratios

vs
industry		 vs
history
P/E(ttm) 18.80
AEP's P/E(ttm) is ranked lower than
55% of the 320 Companies
in the Global Utilities - Regulated Electric industry.

( Industry Median: 18.30 vs. AEP: 18.80 )
AEP' s 10-Year P/E(ttm) Range
Min: 7.71   Max: 207.43
Current: 18.8
7.71
207.43
P/B 1.52
AEP's P/B is ranked lower than
54% of the 356 Companies
in the Global Utilities - Regulated Electric industry.

( Industry Median: 1.60 vs. AEP: 1.52 )
AEP' s 10-Year P/B Range
Min: 0.71   Max: 2.11
Current: 1.52
0.71
2.11
P/S 1.53
AEP's P/S is ranked lower than
54% of the 365 Companies
in the Global Utilities - Regulated Electric industry.

( Industry Median: 1.47 vs. AEP: 1.53 )
AEP' s 10-Year P/S Range
Min: 0.13   Max: 1.64
Current: 1.53
0.13
1.64
PFCF 57.48
AEP's PFCF is ranked lower than
80% of the 222 Companies
in the Global Utilities - Regulated Electric industry.

( Industry Median: 20.44 vs. AEP: 57.48 )
AEP' s 10-Year PFCF Range
Min: 7.04   Max: 209.44
Current: 57.48
7.04
209.44
EV-to-EBIT 15.77
AEP's EV-to-EBIT is ranked higher than
52% of the 321 Companies
in the Global Utilities - Regulated Electric industry.

( Industry Median: 15.90 vs. AEP: 15.77 )
AEP' s 10-Year EV-to-EBIT Range
Min: 7.4   Max: 17.9
Current: 15.77
7.4
17.9
PEG 2.9
AEP's PEG is ranked lower than
135% of the 181 Companies
in the Global Utilities - Regulated Electric industry.

( Industry Median: 2.50 vs. AEP: 2.9 )
AEP' s 10-Year PEG Range
Min: 1.12   Max: 48.18
Current: 2.9
1.12
48.18
Shiller P/E 14.68
AEP's Shiller P/E is ranked lower than
100% of the Companies
in the Global Utilities - Regulated Electric industry.

( Industry Median: vs. AEP: 14.68 )
AEP' s 10-Year Shiller P/E Range
Min: 10.6   Max: 29.06
Current: 14.68
10.6
29.06

Dividend & Buy Back

vs
industry		 vs
history
Dividend Yield 3.98
AEP's Dividend Yield is ranked higher than
78% of the 366 Companies
in the Global Utilities - Regulated Electric industry.

( Industry Median: 2.20 vs. AEP: 3.98 )
AEP' s 10-Year Dividend Yield Range
Min: 3.02   Max: 13.32
Current: 3.98
3.02
13.32
Dividend Payout 0.8
AEP's Dividend Payout is ranked lower than
74% of the 241 Companies
in the Global Utilities - Regulated Electric industry.

( Industry Median: 0.52 vs. AEP: 0.8 )
AEP' s 10-Year Dividend Payout Range
Min: 0.46   Max: 5.78
Current: 0.8
0.46
5.78
Dividend growth (3y) 3.5
AEP's Dividend growth (3y) is ranked higher than
83% of the 366 Companies
in the Global Utilities - Regulated Electric industry.

( Industry Median: 0.00 vs. AEP: 3.5 )
AEP' s 10-Year Dividend growth (3y) Range
Min: -12.6   Max: 3.7
Current: 3.5
-12.6
3.7
Yield on cost (5-Year) 4.74
AEP's Yield on cost (5-Year) is ranked higher than
82% of the 366 Companies
in the Global Utilities - Regulated Electric industry.

( Industry Median: 1.95 vs. AEP: 4.74 )
AEP' s 10-Year Yield on cost (5-Year) Range
Min: 3.67   Max: 16.21
Current: 4.74
3.67
16.21
Share Buyback Rate -1.4
AEP's Share Buyback Rate is ranked lower than
66% of the 366 Companies
in the Global Utilities - Regulated Electric industry.

( Industry Median: -0.10 vs. AEP: -1.4 )
AEP' s 10-Year Share Buyback Rate Range
Min: -0.3   Max: -14.5
Current: -1.4

Valuation & Return

vs
industry		 vs
history
Price/Net Current Asset Value 11.1
AEP's Price/Net Current Asset Value is ranked higher than
57% of the 277 Companies
in the Global Utilities - Regulated Electric industry.

( Industry Median: 14.70 vs. AEP: 11.1 )
AEP' s 10-Year Price/Net Current Asset Value Range
Min: 5   Max: 16.9
Current: 11.1
5
16.9
Price/Tangible Book 1.6
AEP's Price/Tangible Book is ranked higher than
65% of the 335 Companies
in the Global Utilities - Regulated Electric industry.

( Industry Median: 1.80 vs. AEP: 1.6 )
AEP' s 10-Year Price/Tangible Book Range
Min: 1.2   Max: 2.2
Current: 1.6
1.2
2.2
Price/DCF (Projected) 2.1
AEP's Price/DCF (Projected) is ranked lower than
51% of the 164 Companies
in the Global Utilities - Regulated Electric industry.

( Industry Median: 2.00 vs. AEP: 2.1 )
AEP' s 10-Year Price/DCF (Projected) Range
Min: 1.2   Max: 3.6
Current: 2.1
1.2
3.6
Price/Median PS Value 1.5
AEP's Price/Median PS Value is ranked lower than
71% of the 353 Companies
in the Global Utilities - Regulated Electric industry.

( Industry Median: 1.10 vs. AEP: 1.5 )
AEP' s 10-Year Price/Median PS Value Range
Min: 0.2   Max: 1.3
Current: 1.5
0.2
1.3
Price/Graham Number 1.1
AEP's Price/Graham Number is ranked higher than
63% of the 297 Companies
in the Global Utilities - Regulated Electric industry.

( Industry Median: 1.30 vs. AEP: 1.1 )
AEP' s 10-Year Price/Graham Number Range
Min: 0.7   Max: 5.1
Current: 1.1
0.7
5.1
Earnings Yield (Greenblatt) 6.30
AEP's Earnings Yield (Greenblatt) is ranked higher than
58% of the 366 Companies
in the Global Utilities - Regulated Electric industry.

( Industry Median: 5.50 vs. AEP: 6.30 )
AEP' s 10-Year Earnings Yield (Greenblatt) Range
Min: 5.6   Max: 13.5
Current: 6.3
5.6
13.5
Forward Rate of Return (Yacktman) -2.54
AEP's Forward Rate of Return (Yacktman) is ranked lower than
83% of the 366 Companies
in the Global Utilities - Regulated Electric industry.

( Industry Median: 0.00 vs. AEP: -2.54 )
AEP' s 10-Year Forward Rate of Return (Yacktman) Range
Min: -4.9   Max: 15
Current: -2.54
-4.9
15

Business Description

AEP was incorporated under the laws of the State of New York in 1906 and reorganized in 1925. It is a public utility holding company that owns, directly or indirectly, all of the outstanding common stock of its public utility subsidiaries and varying percentages of other subsidiaries. The service areas of the Company's public utility subsidiaries cover portions of the states of Arkansas, Indiana, Kentucky, Louisiana, Michigan, Ohio, Oklahoma, Tennessee, Texas, Virginia and West Virginia. The generating and transmission facilities of AEP's public utility subsidiaries are interconnected and their operations are coordinated. The public utility subsidiaries of AEP have traditionally provided electric service, consisting of generation, transmission and distribution, on an integrated basis to their retail customers. Restructuring legislation in Michigan, Ohio, Texas and Virginia has caused AEP public utility subsidiaries in those states to unbundle previously integrated regulated rates for their retail customers. The public utility subsidiaries of AEP are: APCo engaged in the generation, transmission and distribution of electric power to approximately 960,000 retail customers in the southwestern portion of Virginia and southern West Virginia; I&M engaged in the generation, transmission and distribution of electric power to approximately 582,000 retail customers in northern and eastern Indiana and southwestern Michigan; KPCo engaged in the generation, transmission and distribution of electric power to approximately 173,000 retail customers in an area in eastern Kentucky; KGPCo provides electric service to approximately 47,000 retail customers in Kingsport and eight neighboring communities in northeastern Tennessee. OPCo engaged in the generation, transmission and distribution of electric power to approximately 1,460,000 retail customers in the northwestern, east central, eastern and southern parts of Ohio; PSO engaged in the generation, transmission and distribution of electric power to approximately 532,000 retail customers in eastern and southwestern Oklahoma; SWEPCo engaged in the generation, transmission and distribution of electric power to approximately 521,000 retail customers in northeastern Texas, northwestern Louisiana and western Arkansas; TCC engaged in the generation, transmission and sale of power to affiliated and non-affiliated entities and the distribution of electric power to approximately 787,000 retail customers through REPs in southern Texas; TNC engaged in the generation, transmission and sale of power to affiliated and non-affiliated entities and the distribution of electric power to approximately 186,000 retail customers through REPs in west and central Texas; WPCo provides electric service to approximately 41,000 retail customers in northern West Virginia. AEGCo is an electric generating company. AEGCo sells power at wholesale to OPCo, I&M and KPCo. AEP also owns a service company subsidiary, AEPSC, which provid
Company Website
SEC Reports
Industry: Utilities - Regulated Electric
Compare:WR, EE, ENI, NGG, DTE
Traded in other countries:AEP.Germany
» More Articles for AEP

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