FirstEnergy Corp. (FE)
- Previous Close
38.12 - Open
37.89 - Bid --
- Ask --
- Day's Range
37.69 - 38.38 - 52 Week Range
32.18 - 41.15 - Volume
2,394,855 - Avg. Volume
3,043,585 - Market Cap (intraday)
22.042B - Beta (5Y Monthly) 0.48
- PE Ratio (TTM)
19.54 - EPS (TTM)
1.96 - Earnings Date Apr 25, 2024
- Forward Dividend & Yield 1.70 (4.44%)
- Ex-Dividend Date May 6, 2024
- 1y Target Est
41.16
FirstEnergy Corp., through its subsidiaries, generates, transmits, and distributes electricity in the United States. It operates through Regulated Distribution and Regulated Transmission segments. The company owns and operates coal-fired, nuclear, hydroelectric, wind, and solar power generating facilities. It operates 24,080 circuit miles of overhead and underground transmission lines; and electric distribution systems, including 274,518 miles of overhead pole line and underground conduit carrying primary, secondary, and street lighting circuits. The company serves approximately 6 million customers in Ohio, Pennsylvania, West Virginia, Maryland, New Jersey, and New York. FirstEnergy Corp. was incorporated in 1996 and is headquartered in Akron, Ohio.
www.firstenergycorp.com12,042
Full Time Employees
December 31
Fiscal Year Ends
Sector
Utilities - Regulated Electric
Industry
Recent News: FE
Performance Overview: FE
Trailing total returns as of 4/24/2024, which may include dividends or other distributions. Benchmark is .
YTD Return
1-Year Return
3-Year Return
5-Year Return
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Statistics: FE
Valuation Measures
Market Cap
22.04B
Enterprise Value
46.82B
Trailing P/E
19.54
Forward P/E
14.18
PEG Ratio (5yr expected)
1.28
Price/Sales (ttm)
1.71
Price/Book (mrq)
2.11
Enterprise Value/Revenue
3.64
Enterprise Value/EBITDA
11.85
Financial Highlights
Profitability and Income Statement
Profit Margin
8.69%
Return on Assets (ttm)
2.76%
Return on Equity (ttm)
11.10%
Revenue (ttm)
12.68B
Net Income Avi to Common (ttm)
1.12B
Diluted EPS (ttm)
1.96
Balance Sheet and Cash Flow
Total Cash (mrq)
137M
Total Debt/Equity (mrq)
230.27%
Levered Free Cash Flow (ttm)
1.68B
Research Analysis: FE
Company Insights: FE
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Research Reports: FE
Analyst Report: FirstEnergy Corp.
FirstEnergy is an investor-owned holding company with 10 regulated distribution utilities across six mid-Atlantic and Midwestern states. FirstEnergy also owns and operates one of the nation's largest electric transmission systems.
RatingPrice TargetMarket Digest: AN, FE, GPN, MGM, OMC, REGN, CHTR, CTVA
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Analyst Report: Firstenergy Corp.
FirstEnergy is a diversified energy company based in Akron, Ohio. It is one of the nation's largest investor-owned electric systems, with 10 regulated subsidiaries. The company has small regulated generating capacity, under 4,000 MW. FE's focus is on transmission and distribution; however, the company has been selling portions of its transmission business and expects about 20% of 2024 earnings to be from transmission operations. The company serves 6 million customers, including 2.3 million in Ohio, 1.8 million in Pennsylvania, and 2 million more in other mid-Atlantic states. FE does not have natural gas operations, and regulated electricity distribution accounted for about 85% of total 2023 revenues. FE's generation mix is: carbon-neutral nuclear (53%), scrubbed baseload coal (35%), natural gas and oil (4%), and pumped-storage hydro and other renewables (8%). We believe that the company is at a disadvantage versus its peers given its heavy reliance on coal generation. FE has pledged to reduce GHG emissions by 30% (from its 2019 baseline) by 2030 and to become carbon-neutral by 2050. The company was implicated in a bribery scandal in 2020 that resulted in a $230 million penalty. It has also been found liable for improper customer charges, resulting in a $306 million settlement with Ohio regulators. Although insurance could mitigate some expenses, FE will be liable for substantial credits to customers and settlement payouts over the next two years.
RatingPrice TargetAnalyst Report: FirstEnergy Corp.
FirstEnergy is an investor-owned holding company with 10 regulated distribution utilities across six mid-Atlantic and Midwestern states. FirstEnergy also owns and operates one of the nation's largest electric transmission systems.
RatingPrice Target