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 | 73.43 billion USD | 95.69 billion USD |
| Currency | USD | USD |
| Exchange | Nasdaq | Nasdaq |
| Listing Date | January 2, 1962 | January 19, 2022 |
| Security Type | Common Stock | Common Stock |
Performance
Cumulative Growth
Trailing Returns
Performance at a Glance
| Metric | AEP | CEG |
|---|---|---|
| Total Return (1Y) | 34.81% | -15.99% |
Risk
Drawdown
Risk at a Glance
| Metric | AEP | CEG |
|---|---|---|
| Volatility (1Y, Annualized) | 18.56% | 46.63% |
| Beta (5Y) | 0.51 | 1.11 |
| Avg. Volume (3M) | 4.18M | 3.49M |
Profitability
ROE (TTM)
Both American Electric Power (AEP) at 12.59% and Constellation Energy (CEG) at 16.11% sit in the top peer quartile for ROE, suggesting each generates more profit from shareholders’ equity than typical industry peers.
AEP
Utilities industry group
12.59%
- Max
- 16.11%
- AEP
- 12.59%
- Q3
- 11.15%
- Median
- 9.46%
- Q1
- 7.50%
- Min
- 2.67%
CEG
Utilities industry group
16.11%
- CEG
- 16.11%
- Max
- 16.11%
- Q3
- 11.15%
- Median
- 9.46%
- Q1
- 7.50%
- Min
- 2.67%
Net Margin (TTM)
Both American Electric Power (AEP) at 16.29% and Constellation Energy (CEG) at 12.69% keep about the typical share of revenue as profit for their industries — neither bottom line stands out from peers.
AEP
Utilities industry group
16.29%
- Max
- 29.37%
- Q3
- 17.31%
- AEP
- 16.29%
- Median
- 12.55%
- Q1
- 9.24%
- Min
- -0.65%
CEG
Utilities industry group
12.69%
- Max
- 29.37%
- Q3
- 17.31%
- CEG
- 12.69%
- Median
- 12.55%
- Q1
- 9.24%
- Min
- -0.65%
Operating Margin (TTM)
Both American Electric Power (AEP) at 23.74% and Constellation Energy (CEG) at 21.86% run core operations about as efficiently as their industries’ norm — neither stands out on operating profitability.
AEP
Utilities industry group
23.74%
- Max
- 43.52%
- Q3
- 30.09%
- AEP
- 23.74%
- Median
- 23.50%
- Q1
- 16.61%
- Min
- 0.00%
CEG
Utilities industry group
21.86%
- Max
- 43.52%
- Q3
- 30.09%
- Median
- 23.50%
- CEG
- 21.86%
- Q1
- 16.61%
- Min
- 0.00%
Profitability at a Glance
| Metric | AEP | CEG |
|---|---|---|
| ROE (TTM) | 12.59% | 16.11% |
| ROA (TTM) | 3.17% | 4.20% |
| Net Margin (TTM) | 16.29% | 12.69% |
| Operating Margin (TTM) | 23.74% | 21.86% |
| Gross Margin (TTM) | 47.24% | 23.26% |
Growth
Revenue Growth
Revenue Growth at a Glance
| Metric | AEP | CEG |
|---|---|---|
| Revenue Growth (YoY) | 10.93% | 8.34% |
| Revenue Growth (3Y CAGR) | 3.66% | 1.47% |
EPS Growth
EPS Growth at a Glance
| Metric | AEP | CEG |
|---|---|---|
| EPS Growth (YoY) | 19.35% | -37.76% |
| EPS Growth (3Y CAGR) | 14.04% | -- |
Financial Strength
Current Ratio (MRQ)
Constellation Energy (CEG) at 1.36 carries current ratio above its industry’s typical mid-range, while American Electric Power (AEP) at 0.53 runs in the tighter-liquidity quartile — different working-capital profiles, both worth examining.
AEP
Utilities industry group
0.53
- Max
- 1.88
- Q3
- 1.16
- Median
- 0.90
- Q1
- 0.65
- AEP
- 0.53
- Min
- 0.33
CEG
Utilities industry group
1.36
- Max
- 1.88
- CEG
- 1.36
- Q3
- 1.16
- Median
- 0.90
- Q1
- 0.65
- Min
- 0.33
Debt / Equity (MRQ)
Constellation Energy (CEG) at 0.66 keeps leverage in the lower industry quartile, while American Electric Power (AEP) at 1.57 runs a more typical debt-to-equity mix.
AEP
Utilities industry group
1.57
- Max
- 3.02
- Q3
- 1.81
- AEP
- 1.57
- Median
- 1.34
- Q1
- 0.85
- Min
- 0.00
CEG
Utilities industry group
0.66
- Max
- 3.02
- Q3
- 1.81
- Median
- 1.34
- Q1
- 0.85
- CEG
- 0.66
- Min
- 0.00
Financial Strength at a Glance
| Metric | AEP | CEG |
|---|---|---|
| Current Ratio (MRQ) | 0.53 | 1.36 |
| Debt / Equity (MRQ) | 1.57 | 0.66 |
| Net Debt / EBITDA | 5.61 | 2.71 |
Dividends
Dividend Yield (TTM)
American Electric Power (AEP) at 2.81% pays a yield in its industry’s typical range, while Constellation Energy (CEG) at 0.59% falls in the bottom quartile of its peers.
AEP
Utilities industry group
2.81%
- Max
- 5.96%
- Q3
- 3.78%
- Median
- 2.89%
- AEP
- 2.81%
- Q1
- 1.90%
- Min
- 0.00%
CEG
Utilities industry group
0.59%
- Max
- 5.96%
- Q3
- 3.78%
- Median
- 2.89%
- Q1
- 1.90%
- CEG
- 0.59%
- Min
- 0.00%
Dividend Payout Ratio (TTM)
American Electric Power (AEP) at 55.62% keeps its payout within the industry’s typical band; Constellation Energy (CEG) at 13.81% pays out less than peers usually do, retaining more of its earnings — a policy difference more than a quality gap.
AEP
Utilities industry group
55.62%
- Max
- 116.67%
- Q3
- 73.40%
- Median
- 58.69%
- AEP
- 55.62%
- Q1
- 36.87%
- Min
- 0.00%
CEG
Utilities industry group
13.81%
- Max
- 116.67%
- Q3
- 73.40%
- Median
- 58.69%
- Q1
- 36.87%
- CEG
- 13.81%
- Min
- 0.00%
Dividends at a Glance
| Metric | AEP | CEG |
|---|---|---|
| Dividend Yield (TTM) | 2.81% | 0.59% |
| Dividend Payout Ratio (TTM) | 55.62% | 13.81% |
Valuation
P/E Ratio (TTM)
Both American Electric Power (AEP) at 19.96 and Constellation Energy (CEG) at 23.26 land around their industries’ usual P/E ratio levels — neither is getting a clear earnings-multiple discount or premium versus peers.
AEP
Utilities industry group
19.96
- Max
- 33.40
- Q3
- 23.70
- Median
- 20.38
- AEP
- 19.96
- Q1
- 16.39
- Min
- 6.27
CEG
Utilities industry group
23.26
- Max
- 33.40
- Q3
- 23.70
- CEG
- 23.26
- Median
- 20.38
- Q1
- 16.39
- Min
- 6.27
P/S Ratio (TTM)
On P/S ratio, both American Electric Power (AEP) at 3.27 and Constellation Energy (CEG) at 3.20 are priced roughly in line with their industries — neither looks cheap nor rich on a sales basis.
AEP
Utilities industry group
3.27
- Max
- 6.24
- Q3
- 3.60
- AEP
- 3.27
- Median
- 2.74
- Q1
- 1.67
- Min
- 0.00
CEG
Utilities industry group
3.20
- Max
- 6.24
- Q3
- 3.60
- CEG
- 3.20
- Median
- 2.74
- Q1
- 1.67
- Min
- 0.00
P/B Ratio (MRQ)
American Electric Power (AEP) at 2.31 is valued about in line with its industry on P/B ratio, while Constellation Energy (CEG) at 2.90 carries an above-peer premium to book — CEG is pricier on assets.
AEP
Utilities industry group
2.31
- Max
- 3.56
- Q3
- 2.44
- AEP
- 2.31
- Median
- 1.90
- Q1
- 1.45
- Min
- 0.34
CEG
Utilities industry group
2.90
- Max
- 3.56
- CEG
- 2.90
- Q3
- 2.44
- Median
- 1.90
- Q1
- 1.45
- Min
- 0.34
Valuation at a Glance
| Metric | AEP | CEG |
|---|---|---|
| P/E Ratio (TTM) | 19.96 | 23.26 |
| P/S Ratio (TTM) | 3.27 | 3.20 |
| P/B Ratio (MRQ) | 2.31 | 2.90 |
| Free Cash Flow Yield (TTM) | -9.47% | -4.68% |