FirstEnergy Corp. (FE)
| Market Cap | 21.04B |
| Revenue (ttm) | 12.90B |
| Net Income (ttm) | 524.00M |
| Shares Out | 573.82M |
| EPS (ttm) | 0.91 |
| PE Ratio | 40.29 |
| Forward PE | 13.75 |
| Dividend | $1.64 (4.47%) |
| Ex-Dividend Date | Feb 6, 2024 |
| Volume | 2,728,596 |
| Open | 36.47 |
| Previous Close | 36.59 |
| Day's Range | 36.38 - 36.70 |
| 52-Week Range | 32.18 - 43.31 |
| Beta | 0.47 |
| Analysts | Hold |
| Price Target | 40.60 (+10.75%) |
| Earnings Date | Feb 12, 2024 |
About FE
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 circuit... [Read more]
Financial Performance
In 2022, FirstEnergy's revenue was $12.46 billion, an increase of 11.92% compared to the previous year's $11.13 billion. Earnings were $406.00 million, a decrease of -68.36%.
Financial StatementsAnalyst Forecast
According to 10 analysts, the average rating for FE stock is "Hold." The 12-month stock price forecast is $40.6, which is an increase of 10.75% from the latest price.
News
FirstEnergy Corp. Declares Unchanged Common Stock Dividend
AKRON, Ohio , Dec. 20, 2023 /PRNewswire/ -- The Board of Directors of FirstEnergy Corp. (NYSE: FE) today declared a quarterly dividend of $0.41 per share of outstanding common stock payable March 1, 2...
Pre-Winter Inspections and Maintenance Support Safe and Reliable Power for FirstEnergy's Ohio Electric Customers
Companies offer tips for customers to manage seasonal heating bills AKRON, Ohio , Dec. 12, 2023 /PRNewswire/ -- With the cold-weather months expected to produce higher electric use, FirstEnergy Corp. ...
Pre-Winter Inspections and Maintenance Support Safe and Reliable Power for FirstEnergy's Pennsylvania Customers
Companies offer tips for customers to manage seasonal heating bills GREENSBURG, Pa. , Dec. 12, 2023 /PRNewswire/ -- FirstEnergy Corp.'s (NYSE: FE) Pennsylvania utilities – Met-Ed, Penelec, Penn Power ...
Pre-Winter Inspections and Maintenance Support Safe and Reliable Power for West Virginia Electric Customers
Mon Power and Potomac Edison offer tips for customers to manage seasonal heating bills FAIRMONT, W.Va. , Dec. 12, 2023 /PRNewswire/ -- Mon Power and Potomac Edison, subsidiaries of FirstEnergy Corp. (...
Pre-Winter Inspections and Maintenance Support Safe and Reliable Power for Potomac Edison's Maryland Customers
Company offers tips for customers to manage seasonal heating bills WILLIAMSPORT, Md. , Dec. 12, 2023 /PRNewswire/ -- FirstEnergy Corp. (NYSE: FE) subsidiary Potomac Edison has completed inspections an...
FirstEnergy Subsidiaries Awarded Nearly $800 Million in Transmission Upgrades
Approved projects will strengthen system and support customer demand WILLIAMSPORT, Md. , Dec. 12, 2023 /PRNewswire/ -- FirstEnergy Corp. (NYSE: FE) subsidiaries Potomac Edison and Mid-Atlantic Interst...
Pre-Winter Inspections and Maintenance Support Safe and Reliable Power for JCP&L Customers
Company offers tips for customers to manage seasonal heating bills HOLMDEL, N.J., Dec. 12, 2023 /PRNewswire/ -- Jersey Central Power & Light (JCP&L), a FirstEnergy Corp. (NYSE: FE) subsidiary, has com...
Warren Buffett's Berkshire cuts stake in HP, Carl Icahn gives up FirstEnergy board seat
Warren Buffett's Berkshire Hathaway Inc. has cut its stake in HP Inc. by about half, and Carl Icahn has reduced his position in FirstEnergy Corp. and relinquished a board seat, according to regulatory...
Icahn Group lowers stake in FirstEnergy, vacates board seat
The Icahn Group has reduced its holdings in FirstEnergy below 1.5%, which forced billionaire investor Carl Icahn's firm to give up a board seat under an agreement between the companies, according to a...
FirstEnergy's Pennsylvania Subsidiaries Receive Approval to Consolidate into Single Operating Company
Expected cost savings from consolidation will be returned to customers GREENSBURG, Pa. , Dec. 7, 2023 /PRNewswire/ -- The Pennsylvania Public Utility Commission (PaPUC) has approved the consolidation ...
FirstEnergy Fuels Student Success with $100,000 Donation to Garfield High School in Akron
AKRON, Ohio , Dec. 7, 2023 /PRNewswire/ -- FirstEnergy Corp. (NYSE: FE) has donated $100,000 to support Akron Public Schools' efforts to bolster student success at Garfield High School through its new...
JCP&L Proposes Expansion of Energy Efficiency Offerings
New and expanded programs designed to meet increased state energy savings targets HOLMDEL, N.J. , Dec. 4, 2023 /PRNewswire/ -- FirstEnergy Corp. (NYSE: FE) subsidiary Jersey Central Power and Light (J...
Mon Power and Potomac Edison Reach Settlement Agreements for Tree-Trimming and Fuel Costs
Agreements balance work to support system reliability with customer bill impacts FAIRMONT, W.Va. , Dec. 4, 2023 /PRNewswire/ -- Mon Power and Potomac Edison, subsidiaries of FirstEnergy Corp. (NYSE: F...
Tips to Avoid Utility Scams During the Winter Holiday Season
FirstEnergy shares tips to prevent customers from falling victim to common scam tactics AKRON, Ohio , Nov. 30, 2023 /PRNewswire/ -- Realizing scammers feed off people's fear of losing heat in the cold...
Fairmont Community Teams Up to Collect Plastic Waste and Promote Sustainability
Mon Power and East Fairmont High School participate together in nationwide NexTrex challenge FAIRMONT, W.Va. , Nov. 28, 2023 /PRNewswire/ -- For the second year in a row, FirstEnergy Corp. (NYSE: FE) ...
FirstEnergy Appoints Two Senior Executives to Accelerate Transformation into Premier Electric Utility
Wade Smith Joins Company as President, FirstEnergy Utilities; Toby L. Thomas Joins as Chief Operating Officer AKRON, Ohio , Nov. 21, 2023 /PRNewswire/ -- FirstEnergy Corp. (NYSE: FE) today announced t...
JCP&L Unveils Largest-Ever Infrastructure Upgrade Investment Plan to Modernize New Jersey Electric Grid
EnergizeNJ initiative designed to help prevent or minimize impact of power outages HOLMDEL, N.J. , Nov. 9, 2023 /PRNewswire/ -- FirstEnergy Corp. (NYSE: FE) subsidiary Jersey Central Power and Light (...
Transmission Line Upgrades to Enhance Electric Service Reliability in Preston County
Mon Power installing new steel poles and wires that will benefit 5,000 customers FAIRMONT, W.Va. , Nov. 6, 2023 /PRNewswire/ -- FirstEnergy Corp. (NYSE: FE) subsidiary Mon Power is upgrading four mile...
Holiday Spirit Comes Alive in Elkins with Help from Mon Power
Local tree to be paraded through city before making its way to Washington, D.C. on Nov. 4 FAIRMONT, W.Va.
New EV Charging Stations Available for Public Use at Rocky Gap Casino and Resort
Download video and pictures of newly installed Potomac Edison EV chargers on Flickr. WILLIAMSPORT, Md.
Community Pollinator Gardens Create Food and Habitat for Wildlife
Watch a video of FirstEnergy employees planting company-donated gardens AKRON, Ohio , Oct. 30, 2023 /PRNewswire/ -- This fall, FirstEnergy Corp. (NYSE: FE) employee volunteers are donating their time...
FirstEnergy Announces Third Quarter 2023 Financial Results
Reports third quarter 2023 GAAP earnings from continuing operations of $0.74 per share and operating (non-GAAP) earnings of $0.88 per share Narrows 2023 operating guidance around midpoint and provides...
Gorge Dam Removal Moves Forward with $10 Million Contribution from FirstEnergy Subsidiary Ohio Edison
AKRON, Ohio , Oct. 25, 2023 /PRNewswire/ -- FirstEnergy Corp. (NYSE: FE) subsidiary Ohio Edison is contributing $10 million to expedite removal of the Gorge Dam, marking a major stride toward unlockin...
York County Electric Grid Stronger and More Resilient Following Smart Enhancements
Met-Ed work will help prevent or minimize outages for more than 2,000 customers READING, Pa. , Oct. 25, 2023 /PRNewswire/ -- Met-Ed, a subsidiary of FirstEnergy Corp. (NYSE: FE), has completed equipme...
Maryland Public Service Commission Approves New Rates for Potomac Edison's Maryland Customers
Customers will continue to pay the lowest electric rates among state's investor-owned regulated electric companies WILLIAMSPORT, Md. , Oct. 23, 2023 /PRNewswire/ -- To help prevent lengthy service di...