Indianapolis Power & Light Company PFD 4% (IPWLP) Stock Analysis
For informational purposes only. Not financial advice. Analysis by Sedat ANAK, Founder & Editor-in-Chief | AI-powered analysis. Data sourced from SEC filings and institutional-grade financial providers. Editorially reviewed. Not financial advice.
Indianapolis Power & Light Company PFD 4% (IPWLP) trades at $118.20. Indianapolis Power & Light Company PFD 4% (IPWLP) is a utility service provider delivering retail electric service to over 490,000 customers in Indianapolis and surrounding areas. Sector: Utilities.
Price as of Aug 20, 2026 · Last analyzed: Mar 17, 2026Analyst Coverage for IPWLP: IPWLP does not currently have published analyst price targets in our coverage universe. This is common for smaller-cap names with limited Wall Street coverage. In the absence of analyst consensus, our AI model evaluates IPWLP against Utilities peers across nine fundamental dimensions and assigns an underweight signal based on the underlying data.
IPWLP: 2/3 scored disciplines lean bearish. Dominant signal: Seth Klarman bearish.
How is this calculated? →Indianapolis Power & Light Company PFD 4% (IPWLP) Utility Operations & Dividend Profile
Indianapolis Power & Light Company PFD 4% (IPWLP) provides regulated electric utility services to a substantial customer base in Indianapolis and Central Indiana. Operating in the utilities sector, the company focuses on delivering reliable power to residential, commercial, and industrial clients, with a current dividend yield of 4.95%.
What Is the Investment Thesis for IPWLP?
Investing in Indianapolis Power & Light Company PFD 4% (IPWLP) offers exposure to a stable, regulated utility business. The company's consistent dividend yield of 4.95% provides an income stream for investors. A P/E ratio of 7.9 suggests a reasonable valuation relative to earnings. Growth catalysts include ongoing infrastructure investments to enhance grid reliability and potential regulatory approvals for rate adjustments. However, investors may want to evaluate risks such as regulatory changes, fluctuations in energy prices, and the capital-intensive nature of utility operations. The company's profit margin of 7.3% and gross margin of 18.1% indicate areas for potential improvement in operational efficiency.
Based on FMP financials and quantitative analysis
IPWLP Key Highlights
Serves over 490,000 customers in Indianapolis and Central Indiana, providing a stable customer base.
- Operates within the regulated electric sector, offering predictable revenue streams.
- Dividend yield of 4.95% provides an attractive income component for investors.
- P/E ratio of 7.9 suggests a reasonable valuation.
- Profit margin of 7.3% indicates potential for improved operational efficiency.
Who Are IPWLP's Competitors?
IPWLP is benchmarked below against 8 industry peers on price, market cap, and our AI MoonshotScore.
| Company | Price | Change | Market Cap | AI Score |
|---|---|---|---|---|
| NEE NextEra Energy, Inc. | $85.03 | -1.02% | $177B | 64 |
| SOMN The Southern Company | $48.93 | -0.32% | $107B | 56 |
| SOJE The Southern Company | $16.17 | +1.57% | $106B | 55 |
| SO The Southern Company | $92.19 | +0.13% | $106B | 57 |
| DUK Duke Energy Corporation | $123.60 | -0.31% | $96.4B | 55 |
| NGG National Grid plc transmits and distributes electricity and gas, operating through various segments in the UK and the US. The company | $80.62 | -0.05% | $81.1B | 50 |
| AEP American Electric Power Company | $125.88 | -0.31% | $68.5B | 65 |
| ED Consolidated Edison, Inc. | $108.31 | +0.29% | $39.9B | 89 |
AI Score by Stock Expert AI · Price data: FMP / Yahoo Finance
What Are IPWLP's Key Strengths?
Stable revenue stream due to regulated operations.
- Large customer base in a growing metropolitan area.
- Essential service provider with consistent demand.
- Established infrastructure network.
What Are IPWLP's Weaknesses?
Capital-intensive business with high infrastructure costs.
- Vulnerability to regulatory changes and political pressures.
- Dependence on fossil fuels for power generation.
- Exposure to weather-related disruptions.
What Could Drive IPWLP Stock Higher?
Infrastructure upgrades to enhance grid reliability and efficiency.
- Investments in renewable energy projects to meet environmental standards.
- Potential rate case filings to recover infrastructure investments.
- Expansion of electric vehicle charging infrastructure.
- Data analytics initiatives to improve operational performance.
What Are the Key Risks for IPWLP?
Regulatory changes impacting rate structures and environmental compliance.
- Fluctuations in energy prices affecting profitability.
- Cybersecurity threats to the electric grid.
- Capital-intensive nature of utility operations requiring significant investments.
- Economic downturns reducing electricity demand.
What Are the Growth Opportunities for IPWLP?
- Infrastructure Modernization: Ongoing investments in upgrading the electric grid to enhance reliability and incorporate smart grid technologies. These upgrades can reduce outages, improve energy efficiency, and support the integration of renewable energy sources. The market for smart grid technologies is projected to reach $61.3 billion by 2028, presenting a significant opportunity for IPWLP to enhance its infrastructure and service offerings.
- Renewable Energy Integration: Transitioning to renewable energy sources such as solar and wind power to meet environmental regulations and customer demand for cleaner energy. Indiana's renewable portfolio standards may require utilities to generate a certain percentage of their electricity from renewable sources, creating a market for renewable energy projects. This shift aligns with the broader industry trend towards decarbonization.
- Electric Vehicle (EV) Charging Infrastructure: Expanding the EV charging infrastructure to support the growing adoption of electric vehicles. As EV sales increase, the demand for charging stations will rise, creating opportunities for IPWLP to provide charging services and grid support. The global EV charging infrastructure market is expected to reach $105.9 billion by 2030, offering a substantial growth avenue.
- Data Analytics and Customer Engagement: Leveraging data analytics to improve operational efficiency, enhance customer service, and personalize energy solutions. By analyzing customer energy consumption patterns, IPWLP can optimize grid operations, reduce energy waste, and offer tailored energy-saving programs. The market for data analytics in the utility sector is growing as companies seek to improve performance and customer satisfaction.
- Rate Case Filings and Regulatory Approvals: Seeking regulatory approvals for rate adjustments to recover infrastructure investments and operating costs. Rate cases are a critical mechanism for utilities to ensure they can earn a fair return on their investments and maintain financial stability. Successful rate case outcomes can provide IPWLP with the financial resources to support ongoing operations and future growth initiatives.
What Threats Does IPWLP Face?
- Increasing competition from alternative energy providers.
- Rising fuel costs and environmental regulations.
- Cybersecurity risks to the electric grid.
- Economic downturns impacting electricity demand.
What Are IPWLP's Competitive Advantages?
- Regulated monopoly in its service territory, providing a barrier to entry for competitors.
- Extensive infrastructure network, including power plants, transmission lines, and distribution systems.
- Long-standing relationships with customers and local communities.
- Expertise in operating and maintaining a complex electric grid.
What Does IPWLP Do?
AES Indiana, operating as Indianapolis Power & Light Company PFD 4% (IPWLP), is a utility service provider focused on delivering retail electric services. The company serves more than 490,000 residential, commercial, and industrial customers primarily in Indianapolis and surrounding Central Indiana communities within Marion County. AES Indiana's core business revolves around the generation, transmission, and distribution of electricity to meet the energy needs of its service area. The company's operations are rooted in a long-standing history of providing essential utility services to the region. Over the years, AES Indiana has evolved to meet the changing demands of its customer base, adapting to technological advancements and regulatory requirements within the electric utility industry. The company's infrastructure includes power generation facilities, transmission lines, and distribution networks that ensure reliable electricity delivery. AES Indiana is committed to maintaining a robust and efficient utility infrastructure, complying with regulatory standards, and providing reliable service to its customers. The company's focus on operational excellence and customer satisfaction underpins its position as a key utility service provider in Central Indiana.
What Products and Services Does IPWLP Offer?
- Generates electricity through power plants.
- Transmits electricity through high-voltage transmission lines.
- Distributes electricity to residential, commercial, and industrial customers.
- Maintains and upgrades the electric grid infrastructure.
- Provides customer service and support.
- Complies with regulatory requirements and environmental standards.
- Invests in renewable energy sources.
How Does IPWLP Make Money?
- Generates revenue by selling electricity to customers.
- Operates under a regulated rate structure, ensuring a stable revenue stream.
- Invests in infrastructure to maintain and improve service reliability.
- Manages operating costs to maximize profitability.
What Industry Does IPWLP Operate In?
Indianapolis Power & Light Company PFD 4% (IPWLP) operates within the regulated electric utility industry, characterized by stable demand and government oversight. The industry is undergoing a transition towards renewable energy sources and smart grid technologies. Companies like IPWLP face the challenge of balancing infrastructure investments with regulatory constraints and customer affordability. The competitive landscape includes other regional utilities and alternative energy providers, all striving to meet the growing demand for reliable and sustainable electricity.
Who Are IPWLP's Key Customers?
- Residential customers in Indianapolis and surrounding areas.
- Commercial businesses, including retail stores, offices, and restaurants.
- Industrial facilities, such as manufacturing plants and factories.
- Government entities and public institutions.
Company Profile
Indianapolis Power & Light Company PFD 4% operates in the Regulated Electric industry within the Utilities sector. IPWLP has traded publicly since 2009.
Key Financial Metrics
Return on equity for Indianapolis Power & Light Company PFD 4% stands at 28.9%, a gauge of how efficiently it converts shareholder capital into profit. Return on assets is 2.5%, showing how much profit it generates from its asset base. IPWLP trades at a trailing price-to-earnings ratio of 7.93, below the Utilities sector average of ~19x. Its free cash flow yield is -14.0%, a gauge of the cash the business throws off relative to its market value. A current ratio of 0.73 means current liabilities exceed short-term assets, a liquidity point worth watching. Its earnings yield is 12.6%, the inverse of the P/E and a quick read on earnings relative to price.
Insider Activity
Over the past six months, Indianapolis Power & Light Company PFD 4% insiders filed 24 SEC Form 4 transactions — 9 sales and 15 purchases. On net that is roughly 276K shares acquired (about $438K) — insiders putting money in tends to read as conviction.
IPWLP Financials
Bull Case vs Bear Case
Bull Case
- Insiders seem to be holding steady; no big sell-offs suggest confidence in the company's stability. Community sentiment appears cautiously optimistic, possibly seeing it as a safe haven in a volatile market. The company's consistent dividend yield is likely attracting income-focused investors, creating buying pressure. Market perception is that utilities are generally defensive stocks, which could be beneficial during economic uncertainty.
Bear Case
- Lack of significant insider buying might indicate they don't see substantial upside potential. Community discussions are relatively quiet, suggesting a lack of excitement or growth prospects. The fixed dividend rate of 4% might be less attractive compared to other higher-yielding opportunities. Market perception of utilities is often tied to interest rates; rising rates could make the dividend less appealing.
AI-generated arguments based on insider flow, news sentiment and technicals — not financial advice · March 2026
IPWLP Latest News
No recent news available for IPWLP.
IPWLP Analyst Consensus
Consensus Rating
Aggregated Buy/Hold/Sell recommendations from Benzinga, Yahoo Finance, and Finnhub for IPWLP.
Price Targets
Wall Street price target analysis for IPWLP.
IPWLP MoonshotScore
What does this score mean?
The MoonshotScore rates IPWLP 0-100 on quantitative fundamentals — growth, financial health, valuation, momentum, and risk.
IPWLP OTC Market Information
The OTC Other tier represents the lowest tier of the OTC market, indicating that Indianapolis Power & Light Company PFD 4% (IPWLP) may not meet the minimum financial standards or reporting requirements of higher tiers like OTCQX or OTCQB. Companies in this tier often have limited information available to investors and may be subject to less regulatory oversight than companies listed on major exchanges like the NYSE or NASDAQ. Investing in OTC Other stocks carries higher risks due to the potential for limited liquidity, lack of transparency, and increased volatility.
- OTC Tier: OTC Other
- Limited Disclosure: Lack of readily available financial information increases investment risk.
- Low Liquidity: Difficulty in buying or selling shares can lead to significant price fluctuations.
- Potential for Fraud: Higher risk of fraudulent activities due to less regulatory oversight.
- Volatility: Increased price volatility due to low trading volume and speculative trading.
- Delisting Risk: Potential for the stock to be delisted from the OTC market.
- Verify the company's registration and regulatory filings.
- Review available financial statements and disclosures.
- Assess the company's business model and competitive landscape.
- Evaluate the management team and their track record.
- Understand the risks associated with investing in OTC stocks.
- Monitor trading volume and price volatility.
- Consult with a financial advisor before investing.
- Long operating history as a utility service provider.
- Essential service provider with a stable customer base.
- Regulated operations providing a degree of oversight.
- Consistent dividend payments to shareholders.
- Established infrastructure network.
Common Questions About IPWLP (Utilities)
What does Indianapolis Power & Light Company PFD 4% do?
Indianapolis Power & Light Company PFD 4% (IPWLP), operating as AES Indiana, is a regulated utility company that generates, transmits, and distributes electricity to over 490,000 residential, commercial, and industrial customers in Indianapolis and surrounding Central Indiana communities.
What are the main risks for IPWLP?
Indianapolis Power & Light Company PFD 4% (IPWLP) faces several risks, including regulatory changes that could impact its rate structure and profitability. Fluctuations in energy prices, particularly fuel costs, can affect its operating expenses. Cybersecurity threats pose a risk to the electric grid and the company's operations. The capital-intensive nature of the utility business requires significant ongoing investments in infrastructure. Economic downturns could reduce electricity demand and impact revenue.
What are the key factors to evaluate for IPWLP?
Evaluate IPWLP on fundamentals, analyst consensus, and risk factors. P/E: 7.9x vs the S&P 500's ~20-25x. Investing in Indianapolis Power & Light Company PFD 4% (IPWLP) offers exposure to a stable, regulated utility business. Not financial advice.
How frequently does IPWLP data refresh on this page?
IPWLP's price was last updated on Aug 20, 2026 and refreshes on page view during U.S. market hours — it is not a real-time exchange feed. Fundamentals update after quarterly filings; the MoonshotScore recalculates nightly; news aggregates continuously.
What has driven IPWLP's recent stock price performance?
Indianapolis Power & Light Company PFD 4% (IPWLP) moves on earnings results, analyst revisions, sector rotation, and market sentiment. Notable catalyst: Stable revenue stream due to regulated operations. See the News tab for the latest drivers. Past performance does not predict future results.
Should investors consider IPWLP overvalued or undervalued right now?
Indianapolis Power & Light Company PFD 4% (IPWLP) trades at 7.9x earnings. Compare P/E, P/S, and EV/EBITDA against sector peers for a full view.
How do I research IPWLP before investing?
Before investing in Indianapolis Power & Light Company PFD 4% (IPWLP), research these four areas: (1) the company's revenue model and competitive position (see Company Overview), (2) financial health through revenue growth, margins, and cash flow (see MoonshotScore), (3) analyst consensus ratings and price targets (see Analyst tab), and (4) specific risk factors that could impact the stock (see Risk Factors section).
Why might investors consider adding IPWLP to a portfolio?
Key strength of Indianapolis Power & Light Company PFD 4% (IPWLP): Stable revenue stream due to regulated operations. Weigh rewards against risks and diversify. Not financial advice.
Disclaimer: This content is for informational purposes only and does not constitute investment advice. Always do your own research and consult a financial advisor.
Official Resources
Data provided for informational purposes only.
- OTC market data may have limited availability and reliability.
- AI analysis is pending for IPWLP, which could provide further insights.