FirstEnergy Corp. (FE)

NYSE: FE · IEX Real-Time Price · USD
38.13
-0.44 (-1.14%)
Apr 26, 2024, 4:00 PM EDT - Market closed
-1.14%
Market Cap 21.90B
Revenue (ttm) 12.93B
Net Income (ttm) 1.06B
Shares Out 574.44M
EPS (ttm) 1.85
PE Ratio 20.61
Forward PE 14.10
Dividend $1.70 (4.46%)
Ex-Dividend Date May 6, 2024
Volume 5,330,787
Open 38.20
Previous Close 38.57
Day's Range 37.84 - 38.70
52-Week Range 32.18 - 41.15
Beta 0.48
Analysts Hold
Price Target 40.30 (+5.69%)
Earnings Date Apr 25, 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]

Sector Utilities
Founded 1996
Employees 18,000
Stock Exchange NYSE
Ticker Symbol FE
Full Company Profile

Financial Performance

In 2023, FirstEnergy's revenue was $12.87 billion, an increase of 3.30% compared to the previous year's $12.46 billion. Earnings were $1.10 billion, an increase of 171.43%.

Financial Statements

Analyst Forecast

According to 10 analysts, the average rating for FE stock is "Hold." The 12-month stock price forecast is $40.3, which is an increase of 5.69% from the latest price.

Price Target
$40.3
(5.69% upside)
Analyst Consensus: Hold
Stock Forecasts

News

Nearly 500 Trees to be Planted Across Mahoning Valley on Arbor Day Today

Trees donated by FirstEnergy will be planted by company's employee volunteers AKRON, Ohio , April 26, 2024 /PRNewswire/ -- FirstEnergy Corp. (NYSE: FE) is all set to celebrate Arbor Day today by donat...

18 hours ago - PRNewsWire

FirstEnergy Announces First Quarter 2024 Financial Results

Reports first quarter 2024 GAAP earnings of $0.44 per share and operating (non-GAAP) earnings of $0.55 per share, above the midpoint of guidance Affirms targeted 6-8% long-term annual operating earnin...

1 day ago - PRNewsWire

FirstEnergy Set to Plant More Than 25,000 Trees in 2024

N early 17,000 trees expected to be planted in the month of April for Earth & Arbor Days AKRON, Ohio , April 23, 2024 /PRNewswire/ -- In support of its continued commitment to the environment and the ...

3 days ago - PRNewsWire

Work Underway to Upgrade Electric System in Erie County, Pennsylvania

Upgrades will benefit more than 8,000 Penelec customers ERIE, Pa. , April 18, 2024 /PRNewswire/ -- FirstEnergy Pennsylvania Electric Company (FE PA), a FirstEnergy Corp. (NYSE: FE) subsidiary doing bu...

8 days ago - PRNewsWire

FirstEnergy Names John Combs Senior Vice President, Shared Services

Extensive background in technology, customer focus and innovation will help company's continued transformation to premier utility AKRON, Ohio , April 16, 2024 /PRNewswire/ -- FirstEnergy Corp. (NYSE: ...

10 days ago - PRNewsWire

Settlement Reached in FirstEnergy Ohio Utilities' Grid Modernization Plan

Agreement with key stakeholders expands customer deployment of smart meter technology AKRON, Ohio , April 15, 2024 /PRNewswire/ -- FirstEnergy Corp.'s (NYSE: FE) Ohio electric companies – Ohio Edison,...

11 days ago - PRNewsWire

Tree-Trimming Work Underway to Help Prevent or Minimize Power Outages for JCP&L Customers

Work includes trimming along more than 3,400 miles of power lines HOLMDEL, N.J. , April 10, 2024 /PRNewswire/ -- FirstEnergy Corp. (NYSE: FE) subsidiary Jersey Central Power & Light (JCP&L) is trimmin...

16 days ago - PRNewsWire

FirstEnergy to Webcast First Quarter Earnings Teleconference

AKRON, Ohio , April 3, 2024 /PRNewswire/ -- FirstEnergy Corp. (NYSE: FE) will release financial results for the first quarter of 2024 after markets close on Thursday, April 25. These results will be d...

23 days ago - PRNewsWire

FirstEnergy Pennsylvania Will File Rate Review to Support Continued Service Reliability Enhancements for Customers

Company Continues Efforts to Keep Costs Manageable for Customers   READING, Pa. , April 2, 2024 /PRNewswire/ -- FirstEnergy Pennsylvania (FE PA), a subsidiary of FirstEnergy Corp. (NYSE: FE) doing bus...

24 days ago - PRNewsWire

Tree-Trimming Work Underway to Help Prevent or Minimize Power Outages in West Virginia

Mon Power & Potomac Edison invest $84.7 million to reinforce the power grid during storms  FAIRMONT, W.Va. , April 1, 2024 /PRNewswire/ -- FirstEnergy Corp. (NYSE: FE) subsidiaries Mon Power and Potom...

25 days ago - PRNewsWire

Northeast Ohio Electric Grid Stronger and More Resilient Following Power Line Enhancements

Project will enhance reliability for 5,000 FirstEnergy customers in Lake and Geauga counties AKRON, Ohio , March 28, 2024 /PRNewswire/ -- American Transmission Systems, Inc. (ATSI), a subsidiary of Fi...

4 weeks ago - PRNewsWire

FirstEnergy Closes on $3.5 Billion FirstEnergy Transmission, LLC 30% Interest Sale

Follow-on investment by Brookfield Super-Core Infrastructure Partners strengthens FirstEnergy's balance sheet, supports sustainable, long-term growth through industry-leading Energize365 grid investme...

4 weeks ago - PRNewsWire

FirstEnergy Named Top 50 Diversity Employer by Minority Engineer™ Magazine

Second consecutive year company is recognized by the magazine's readers AKRON, Ohio , March 20, 2024 /PRNewswire/ -- For the second year in a row, FirstEnergy Corp. (NYSE: FE) has been designated as a...

5 weeks ago - PRNewsWire

FirstEnergy Corp. Declares Increased Common Stock Dividend of $0.425 Per Share

Represents annual rate of $1.70 per share, pending continued Board approval An increase of more than 6% compared to dividends declared in 2023 AKRON, Ohio , March 20, 2024 /PRNewswire/ -- The Board of...

5 weeks ago - PRNewsWire

Construction is Underway on Second Utility-Grade Solar Site in West Virginia

Mon Power and Potomac Edison's Rivesville site stimulating economy in Marion County and beyond FAIRMONT, W.Va. , March 19, 2024 /PRNewswire/ -- FirstEnergy Corp. (NYSE: FE) subsidiaries Mon Power and ...

5 weeks ago - PRNewsWire

FirstEnergy's Impactful Recycling Initiatives Highlighted on Global Recycling Day

7,000+ tons of materials recycled through company and employee initiatives   AKRON, Ohio , March 18, 2024 /PRNewswire/ -- To commemorate Global Recycling Day on March 18, FirstEnergy Corp. (NYSE: FE) ...

5 weeks ago - PRNewsWire

Electric Grid Upgrades Underway in Lorain County

Work will help prevent or minimize outages for more than 3,600 FirstEnergy customers AKRON, Ohio , March 14, 2024 /PRNewswire/ -- American Transmission Systems, Inc. (ATSI), a subsidiary of FirstEnerg...

6 weeks ago - PRNewsWire

FirstEnergy Ohio Utilities' PIPP RFP Auction: Information Session for Prospective Bidders on Thursday, March 7, 2024

BOSTON--(BUSINESS WIRE)--Charles River Associates (NASDAQ: CRAI), a worldwide leader in providing economic, financial, and management consulting services, today announced that an RFP auction process w...

Other symbols: CRAI
7 weeks ago - Business Wire

Work Underway to Upgrade Electric System in Western Pennsylvania

Upgrades will benefit more than 26,000 customers in FirstEnergy Pennsylvania Electric Company's West Penn Rate District GREENSBURG, Pa. , Feb. 26, 2024 /PRNewswire/ -- FirstEnergy Pennsylvania Electri...

2 months ago - PRNewsWire

JCP&L President Jim Fakult Receives Awards from Morris Habitat for Humanity and ROI-NJ

HOLMDEL, N.J. , Feb. 23, 2024 /PRNewswire/ -- Jim Fakult, President of FirstEnergy Corp. (NYSE: FE) subsidiary Jersey Central Power and Light (JCP&L), has been named the recipient of Morris Habitat fo...

2 months ago - PRNewsWire

Enhanced Power Line to Benefit Nearly 4,000 JCP&L Customers

New poles, wires and electrical equipment to be installed in Monmouth County HOLMDEL, N.J. , Feb. 22, 2024 /PRNewswire/ -- Jersey Central Power & Light (JCP&L), a subsidiary of FirstEnergy Corp. (NYSE...

2 months ago - PRNewsWire

Mon Power and Potomac Edison Reach Settlement to Adjust Energy Metering Credits

FAIRMONT, W.V., Feb. 16, 2024 /PRNewswire/ -- Mon Power and Potomac Edison, subsidiaries of FirstEnergy Corp. (NYSE: FE), have filed a settlement agreement with the Public Service Commission (PSC) of ...

2 months ago - PRNewsWire

Western Maryland Electric Grid Stronger and More Resilient Following Smart Enhancements

Potomac Edison work will help prevent or minimize outages for thousands of customers WILLIAMSPORT, Md. , Feb. 13, 2024 /PRNewswire/ -- FirstEnergy Corp. (NYSE: FE) subsidiary Potomac Edison has comple...

2 months ago - PRNewsWire

Attorney for Former FirstEnergy CEO Chuck Jones Issues Statement Regarding Mr. Jones' Indictment

AKRON, Ohio--(BUSINESS WIRE)--Carole Rendon, an attorney for former FirstEnergy chief executive Chuck Jones, issued a statement in response to the news that Mr. Jones has been indicted in the Summit C...

2 months ago - Business Wire

Meeting the Challenge to Ready Minority Candidates for Utility Careers

FirstEnergy grant will help train Pennsylvania's next generation of diverse utility workers  GREENSBURG, Pa. , Feb. 9, 2024 /PRNewswire/ -- FirstEnergy Corp. (NYSE: FE) has awarded an $85,000 grant to...

2 months ago - PRNewsWire