AEP vs. CEG: American Electric Power vs. Constellation Energy Stock Comparison
How do American Electric Power (AEP) and Constellation Energy (CEG) stack up? This page sets them side by side across company profile, performance and risk, profitability, growth, financial strength, dividends, and valuation, with selected fundamentals also measured against each stock's industry-group peers.
Company Profile
American Electric Power (AEP) and Constellation Energy (CEG) are both classified in the Electric Utilities sub-industry within the broader Electric Utilities industry, placing them in the closest GICS peer bucket.
American Electric Power (AEP) has more than two decades of public-market history since January 2, 1962, whereas Constellation Energy (CEG) listed on January 19, 2022 and has a much shorter record to draw on.
| Profile Item | AEP | CEG |
|---|---|---|
| Name | American Electric Power Company, Inc. | Constellation Energy Corporation |
| Country/Region | United States | United States |
| GICS Sector | Utilities | Utilities |
| GICS Industry Group | Utilities | Utilities |
| GICS Industry | Electric Utilities | Electric Utilities |
| GICS Sub-Industry | Electric Utilities | Electric Utilities |
| Market Capitalization | 69.60 billion USD | 95.62 billion USD |
| Currency | USD | USD |
| Exchange | Nasdaq | Nasdaq |
| Listing Date | January 2, 1962 | January 19, 2022 |
| Security Type | Common Stock | Common Stock |
Price Performance
Cumulative Growth
Trailing Returns
Calendar-Year Returns
Performance Metrics
| Metric | AEP | CEG |
|---|---|---|
| Total Return (1Y) | 16.58% | -19.35% |
| Total Return (3Y, Annualized) | 19.01% | 38.47% |
| Total Return (5Y, Annualized) | 11.69% | -- |
Risk Profile
Drawdown History
Return Distribution
Risk Metrics
| Metric | AEP | CEG |
|---|---|---|
| Volatility (1Y, Annualized) | 18.86% | 46.96% |
| Beta (5Y) | 0.52 | 1.11 |
| Max Drawdown (5Y) | -29.56% | -50.70% |
| Avg. Volume (3M) | 5.03M | 3.70M |
Risk-Adjusted Performance
Risk-Return Positioning
Risk-Adjusted Metrics
| Metric | AEP | CEG |
|---|---|---|
| Sharpe Ratio (1Y) | 0.66 | -0.50 |
| Sortino Ratio (1Y) | 1.03 | -0.69 |
Profitability
ROE (TTM)
Constellation Energy (CEG) at 15.06% sits in the top ROE quartile, while American Electric Power (AEP) at 10.13% is closer to the peer norm — stronger capital efficiency for CEG.
AEP
Utilities industry group
10.13%
- Max
- 17.16%
- Q3
- 11.86%
- AEP
- 10.13%
- Median
- 9.59%
- Q1
- 8.06%
- Min
- 2.67%
CEG
Utilities industry group
15.06%
- Max
- 17.16%
- CEG
- 15.06%
- Q3
- 11.86%
- Median
- 9.59%
- Q1
- 8.06%
- Min
- 2.67%
Net Margin (TTM)
Both American Electric Power (AEP) at 13.78% and Constellation Energy (CEG) at 11.08% keep about the typical share of revenue as profit for their industries — neither bottom line stands out from peers.
AEP
Utilities industry group
13.78%
- Max
- 27.58%
- Q3
- 16.76%
- AEP
- 13.78%
- Median
- 12.82%
- Q1
- 9.34%
- Min
- -1.02%
CEG
Utilities industry group
11.08%
- Max
- 27.58%
- Q3
- 16.76%
- Median
- 12.82%
- CEG
- 11.08%
- Q1
- 9.34%
- Min
- -1.02%
Operating Margin (TTM)
American Electric Power (AEP) at 23.25% runs core operations around its industry’s norm, while Constellation Energy (CEG) at 7.70% operates in the bottom quartile.
AEP
Utilities industry group
23.25%
- Max
- 45.14%
- Q3
- 28.18%
- AEP
- 23.25%
- Median
- 22.70%
- Q1
- 14.52%
- Min
- -5.75%
CEG
Utilities industry group
7.70%
- Max
- 45.14%
- Q3
- 28.18%
- Median
- 22.70%
- Q1
- 14.52%
- CEG
- 7.70%
- Min
- -5.75%
Profitability Metrics
| Metric | AEP | CEG |
|---|---|---|
| ROE (TTM) | 10.13% | 15.06% |
| ROA (TTM) | 2.98% | 3.74% |
| Net Margin (TTM) | 13.78% | 11.08% |
| Operating Margin (TTM) | 23.25% | 7.70% |
| Gross Margin (TTM) | 46.36% | 21.43% |
Growth
Revenue Growth
Both American Electric Power (AEP) at 10.93% and Constellation Energy (CEG) at 8.34% land near their industries' usual revenue growth ranges, so top-line momentum looks broadly in line with peers on both sides.
EPS Growth
American Electric Power (AEP) at 19.35% is around its peer norm for EPS growth, while Constellation Energy (CEG) at -37.76% drops into the bottom quartile, signaling weaker earnings momentum.
Growth Metrics
| Metric | AEP | CEG |
|---|---|---|
| Revenue Growth (YoY) | 10.93% | 8.34% |
| Revenue Growth (3Y CAGR) | 3.66% | 1.47% |
| EPS Growth (YoY) | 19.35% | -37.76% |
| EPS Growth (3Y CAGR) | 14.04% | -- |
Financial Strength
Current Ratio (MRQ)
Constellation Energy (CEG) at 1.46 carries current ratio above its industry’s typical mid-range, while American Electric Power (AEP) at 0.50 runs in the tighter-liquidity quartile — different working-capital profiles, both worth examining.
AEP
Utilities industry group
0.50
- Max
- 1.74
- Q3
- 1.12
- Median
- 0.90
- Q1
- 0.66
- AEP
- 0.50
- Min
- 0.36
CEG
Utilities industry group
1.46
- Max
- 1.74
- CEG
- 1.46
- Q3
- 1.12
- Median
- 0.90
- Q1
- 0.66
- Min
- 0.36
Debt / Equity (MRQ)
Constellation Energy (CEG) at 0.76 keeps leverage in the lower industry quartile, while American Electric Power (AEP) at 1.61 runs a more typical debt-to-equity mix.
AEP
Utilities industry group
1.61
- Max
- 2.62
- Q3
- 1.79
- AEP
- 1.61
- Median
- 1.33
- Q1
- 0.83
- Min
- 0.00
CEG
Utilities industry group
0.76
- Max
- 2.62
- Q3
- 1.79
- Median
- 1.33
- Q1
- 0.83
- CEG
- 0.76
- Min
- 0.00
Financial Strength Metrics
| Metric | AEP | CEG |
|---|---|---|
| Current Ratio (MRQ) | 0.50 | 1.46 |
| Debt / Equity (MRQ) | 1.61 | 0.76 |
| Net Debt / EBITDA | 5.86 | 2.93 |
Dividends
Dividend Yield (TTM)
American Electric Power (AEP) at 1.47% pays a yield in its industry’s typical range, while Constellation Energy (CEG) at 0.30% falls in the bottom quartile of its peers.
AEP
Utilities industry group
1.47%
- Max
- 5.65%
- Q3
- 3.62%
- Median
- 2.70%
- AEP
- 1.47%
- Q1
- 0.53%
- Min
- 0.00%
CEG
Utilities industry group
0.30%
- Max
- 5.65%
- Q3
- 3.62%
- Median
- 2.70%
- Q1
- 0.53%
- CEG
- 0.30%
- Min
- 0.00%
Dividend Payout Ratio (TTM)
American Electric Power (AEP) at 65.51% keeps its payout within the industry’s typical band; Constellation Energy (CEG) at 15.92% pays out less than peers usually do, retaining more of its earnings — a policy difference more than a quality gap.
AEP
Utilities industry group
65.51%
- Max
- 108.09%
- Q3
- 71.06%
- AEP
- 65.51%
- Median
- 58.19%
- Q1
- 39.84%
- Min
- 0.00%
CEG
Utilities industry group
15.92%
- Max
- 108.09%
- Q3
- 71.06%
- Median
- 58.19%
- Q1
- 39.84%
- CEG
- 15.92%
- Min
- 0.00%
Dividend Metrics
| Metric | AEP | CEG |
|---|---|---|
| Dividend Yield (TTM) | 1.47% | 0.30% |
| Dividend Payout Ratio (TTM) | 65.51% | 15.92% |
Valuation
P/E Ratio (TTM)
American Electric Power (AEP) at 22.16 is near its industry’s usual P/E ratio, while Constellation Energy (CEG) at 25.51 sits in the richer quartile — CEG needs stronger growth or earnings quality to justify the premium.
AEP
Utilities industry group
22.16
- Max
- 31.48
- Q3
- 23.08
- AEP
- 22.16
- Median
- 20.48
- Q1
- 15.42
- Min
- 5.14
CEG
Utilities industry group
25.51
- Max
- 31.48
- CEG
- 25.51
- Q3
- 23.08
- Median
- 20.48
- Q1
- 15.42
- Min
- 5.14
P/S Ratio (TTM)
On P/S ratio, both American Electric Power (AEP) at 3.05 and Constellation Energy (CEG) at 3.06 are priced roughly in line with their industries — neither looks cheap nor rich on a sales basis.
AEP
Utilities industry group
3.05
- Max
- 6.17
- Q3
- 3.51
- AEP
- 3.05
- Median
- 2.57
- Q1
- 1.63
- Min
- 0.00
CEG
Utilities industry group
3.06
- Max
- 6.17
- Q3
- 3.51
- CEG
- 3.06
- Median
- 2.57
- Q1
- 1.63
- Min
- 0.00
P/B Ratio (MRQ)
American Electric Power (AEP) at 2.17 is valued about in line with its industry on P/B ratio, while Constellation Energy (CEG) at 2.92 carries an above-peer premium to book — CEG is pricier on assets.
AEP
Utilities industry group
2.17
- Max
- 3.38
- Q3
- 2.30
- AEP
- 2.17
- Median
- 1.88
- Q1
- 1.43
- Min
- 0.34
CEG
Utilities industry group
2.92
- Max
- 3.38
- CEG
- 2.92
- Q3
- 2.30
- Median
- 1.88
- Q1
- 1.43
- Min
- 0.34
Valuation Metrics
| Metric | AEP | CEG |
|---|---|---|
| P/E Ratio (TTM) | 22.16 | 25.51 |
| P/S Ratio (TTM) | 3.05 | 3.06 |
| P/B Ratio (MRQ) | 2.17 | 2.92 |
| Free Cash Flow Yield (TTM) | -8.59% | -6.60% |