5 Most Profitable Utility Stocks Now

4. American Electric Power Company, Inc. (NASDAQ:AEP)

Net Income (TTM) as of September 30, 2022: $2.462 billion

American Electric Power Company, Inc. (NASDAQ:AEP) is one of the largest electric companies in the United States with 26,000 megawatts of diverse generating capacity and a transmission network of more than 40,000 miles. As a utility, American Electric Power Company, Inc. (NASDAQ:AEP) also services around 5.5 million customers across 11 states. In terms of profitability, American Electric Power Company, Inc. (NASDAQ:AEP) had net income of $2.462 billion in the trailing twelve months ended September 30, 2022 according to YCharts.