FirstEnergy (FE)
(Delayed Data from NYSE)
$43.46 USD
+0.04 (0.09%)
Updated Oct 4, 2024 04:00 PM ET
After-Market: $43.46 0.00 (0.00%) 7:58 PM ET
2-Buy of 5 2
B Value D Growth A Momentum C VGM
Company Summary
Headquartered in Akron, OH, FirstEnergy Corporation was founded in 1996. The company is a diversified energy company. Through its subsidiaries and affiliates, FirstEnergy engages in the transmission, distribution and generation of electricity.
FirstEnergy’s reportable segments are Regulated Distribution, Regulated Transmission and Corporate/Other. Compared with pre-pandemic levels in 2019, weather-adjusted residential distribution deliveries in 2023 increased 4.3%, while commercial and industrial deliveries decreased 4.1% and 0.2%, respectively.
Operating earnings in the Regulated Transmission business increased due to the Energizing the Future capital investment program and lower net financing costs. During 2023, the company made $1.6 billion of capital investments in regulated transmission.<...
Company Summary
FirstEnergy’s reportable segments are Regulated Distribution, Regulated Transmission and Corporate/Other. Compared with pre-pandemic levels in 2019, weather-adjusted residential distribution deliveries in 2023 increased 4.3%, while commercial and industrial deliveries decreased 4.1% and 0.2%, respectively.
Operating earnings in the Regulated Transmission business increased due to the Energizing the Future capital investment program and lower net financing costs. During 2023, the company made $1.6 billion of capital investments in regulated transmission.
The Regulated Distribution segment distributes electricity through FirstEnergy’s 10 utility operating companies, and also controls 3,580 megawatts (MWs) of regulated electric generation capacity located primarily in West Virginia and Virginia. It serves six million customers within 65,000 square miles of Ohio, Pennsylvania, West Virginia, Maryland, New Jersey and New York. In 2023, Regulated Distribution contributed $11.04 billion to total revenues.
The Regulated Transmission has 24,000 miles of electric line. This segment provides transmission services through infrastructure, owned and operated by American Transmission Systems, Inc. (ATSI), Trans-Allegheny Interstate Line Company (TrAILCo), Mid-Atlantic Interstate Transmission LLC (MAIT). Regulated Transmission also experiences significant growth from its Energizing the Future transmission plan. In 2023, Regulated Transmission contributed $2.05 billion to total revenues.
Additionally, reconciling adjustments for the elimination of inter-segment transactions are included in Corporate/Other. Corporate/Other segment lowered revenues by $222 million in 2023.
FirstEnergy continues to implement Integrated Vegetation Management practices on transmission corridors to promote biological and ecological diversity, and addresses the potential threat to the company’s infrastructure during the hurricane seasons.
General Information
FirstEnergy Corporation
76 SOUTH MAIN ST
AKRON, OH 44308
Phone: 800-736-3402
Fax: 330-384-3866
Web: http://www.firstenergycorp.com
Email: mackinj@firstenergycorp.com
| Industry | Utility - Electric Power |
| Sector | Utilities |
| Fiscal Year End | December |
| Last Reported Quarter | 9/30/2024 |
| Exp Earnings Date | 10/24/2024 |
EPS Information
| Current Quarter EPS Consensus Estimate | 0.90 |
| Current Year EPS Consensus Estimate | 2.70 |
| Estimated Long-Term EPS Growth Rate | 7.00 |
| Exp Earnings Date | 10/24/2024 |
Price and Volume Information
| Zacks Rank |  |
| Yesterday's Close | 43.42 |
| 52 Week High | 44.92 |
| 52 Week Low | 32.98 |
| Beta | 0.50 |
| 20 Day Moving Average | 3,232,331.25 |
| Target Price Consensus | 45.20 |
| 4 Week | -1.65 |
| 12 Week | 9.97 |
| YTD | 18.55 |
| 4 Week | -7.51 |
| 12 Week | 7.37 |
| YTD | -1.68 |
| Shares Outstanding (millions) | 575.92 |
| Market Capitalization (millions) | 25,029.59 |
| Short Ratio | NA |
| Last Split Date | NA |
| Dividend Yield | 3.91% |
| Annual Dividend | $1.70 |
| Payout Ratio | 0.65 |
| Change in Payout Ratio | 0.02 |
| Last Dividend Payout / Amount | 8/7/2024 / $0.43 |
Fundamental Ratios
| P/E (F1) | 16.09 |
| Trailing 12 Months | 16.65 |
| PEG Ratio | 2.28 |
| vs. Previous Year | 19.15% |
| vs. Previous Quarter | 1.82% |
| vs. Previous Year | 9.12% |
| vs. Previous Quarter | -0.21% |
| Price/Book | 1.82 |
| Price/Cash Flow | 9.08 |
| Price / Sales | 1.90 |
| 9/30/24 | Pending Next EPS Report |
| 6/30/24 | 12.12 |
| 3/31/24 | 12.45 |
| 9/30/24 | Pending Next EPS Report |
| 6/30/24 | 3.00 |
| 3/31/24 | 2.97 |
| 9/30/24 | Pending Next EPS Report |
| 6/30/24 | 0.51 |
| 3/31/24 | 0.65 |
| 9/30/24 | Pending Next EPS Report |
| 6/30/24 | 0.43 |
| 3/31/24 | 0.56 |
| 9/30/24 | Pending Next EPS Report |
| 6/30/24 | 11.30 |
| 3/31/24 | 11.18 |
| 9/30/24 | Pending Next EPS Report |
| 6/30/24 | 6.61 |
| 3/31/24 | 8.22 |
| 9/30/24 | Pending Next EPS Report |
| 6/30/24 | 9.86 |
| 3/31/24 | 11.34 |
| 9/30/24 | Pending Next EPS Report |
| 6/30/24 | 23.84 |
| 3/31/24 | 23.65 |
| 9/30/24 | Pending Next EPS Report |
| 6/30/24 | 8.71 |
| 3/31/24 | 9.15 |
| 9/30/24 | Pending Next EPS Report |
| 6/30/24 | 1.52 |
| 3/31/24 | 1.59 |
| 9/30/24 | Pending Next EPS Report |
| 6/30/24 | 60.28 |
| 3/31/24 | 61.40 |