FirstEnergy Corp. (FE)

NYSE: FE · IEX Real-Time Price · USD
38.27
-0.10 (-0.26%)
Aug 8, 2022 4:03 PM EDT - Market closed
-0.26%
Market Cap 21.87B
Revenue (ttm) 11.59B
Net Income (ttm) 1.37B
Shares Out 571.39M
EPS (ttm) 2.38
PE Ratio 16.08
Forward PE 16.29
Dividend $1.56 (4.08%)
Ex-Dividend Date Aug 4, 2022
Volume 5,211,790
Open 38.72
Previous Close 38.37
Day's Range 38.05 - 38.94
52-Week Range 35.32 - 48.85
Beta 0.43
Analysts Buy
Price Target 45.59 (+19.1%)
Earnings Date Jul 26, 2022

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, natural gas, wind, and solar power generating facilities. It operates 24,074 circuit miles of overhead and underground transmission lines; and electric distribution systems, including 273,295 miles of overhead pole line and underground conduit carrying primary, secondary, and street lig... [Read more...]

Industry Electric Utilities
Founded 1996
CEO Charles Jones
Employees 12,400
Stock Exchange NYSE
Ticker Symbol FE
Full Company Profile

Financial Performance

In 2021, FirstEnergy's revenue was $11.13 billion, an increase of 3.17% compared to the previous year's $10.79 billion. Earnings were $1.28 billion, an increase of 18.91%.

Financial Statements

Analyst Forecast

According to 26 analysts, the average rating for FE stock is "Buy." The 12-month stock price forecast is 45.59, which is an increase of 19.13% from the latest price.

Price Target
$45.59
(19.13% upside)
Analyst Consensus: Buy
Stock Forecasts

News

FirstEnergy (FE) Q2 Earnings Match Estimates, Sales Rise Y/Y

FirstEnergy's (FE) second-quarter earnings are on par with estimates. FirstEnergy's planned capital expenditure is likely to strengthen the transmission and distribution operations.

Met-Ed Completes Upgrade to Electric System in Monroe County

Project designed to enhance service reliability for nearly 2,300 customers READING, Pa. , July 27, 2022 /PRNewswire/ -- Met-Ed, a subsidiary of FirstEnergy Corp. (NYSE: FE), recently completed a project...

FirstEnergy (FE) Q2 Earnings Match Estimates

FirstEnergy (FE) delivered earnings and revenue surprises of 0% and 2.74%, respectively, for the quarter ended June 2022. Do the numbers hold clues to what lies ahead for the stock?

FirstEnergy Announces Second Quarter 2022 Financial Results

Reports second quarter 2022 GAAP earnings of $0.33 per share and operating (non-GAAP) earnings of $0.53 per share, in top end of guidance range Closed on minority sale of FET LLC, raising $2.4 billion a...

Met-Ed Adds New Line and Substation Employees from Power Systems Institute Training Program

READING, Pa. , July 25, 2022 /PRNewswire/ -- Metropolitan Edison Company (Met-Ed), a subsidiary of FirstEnergy Corp. (NYSE: FE), has hired 14 graduates of Power Systems Institute (PSI), the company's aw...

Mon Power Adds New Line and Substation Employees from Power Systems Institute Training Program

FAIRMONT, W.Va. , July 25, 2022 /PRNewswire/ -- Mon Power, a subsidiary of FirstEnergy Corp. (NYSE: FE), has hired 10 new line and substation graduates of Power Systems Institute (PSI), the company's aw...

Ohio Edison, Penn Power Add New Line and Substation Workers from Power Systems Institute Training Programs

AKRON, Ohio , July 25, 2022 /PRNewswire/ --  Ohio Edison and Pennsylvania Power (Penn Power), FirstEnergy Corp. (NYSE: FE) utilities, have hired 21 graduates of Power Systems Institute (PSI), the compan...

The Illuminating Company Adds New Line and Substation Employees from Power Systems Institute Training Program

AKRON, Ohio , July 25, 2022 /PRNewswire/ -- The Illuminating Company, a FirstEnergy Corp. (NYSE: FE) utility, has hired 13 graduates of Power Systems Institute (PSI), the company's award-winning, two-ye...

Toledo Edison Adds New Line and Substation Workers from Power Systems Institute Training Programs

AKRON, Ohio , July 25, 2022 /PRNewswire/ -- Toledo Edison, a FirstEnergy Corp. (NYSE: FE) utility, has hired seven graduates of Power Systems Institute (PSI), the company's award-winning, two-year educa...

Penelec Adds New Line and Substation Employees from Power Systems Institute Training Program

READING, Pa. , July 25, 2022 /PRNewswire/ -- Pennsylvania Electric Company (Penelec), a subsidiary of FirstEnergy Corp. (NYSE: FE), has hired 16 graduates of Power Systems Institute (PSI), the company's...

Potomac Edison Adds New Line and Substation Employees from Power Systems Institute Training Program

WILLIAMSPORT, Md. , July 25, 2022 /PRNewswire/ -- Potomac Edison, a subsidiary of FirstEnergy Corp. (NYSE: FE), has hired nine recent graduates of Power Systems Institute (PSI), the company's award-winn...

West Penn Power Adds New Line and Substation Employees from Power Systems Institute Training Program

GREENSBURG, Pa. , July 25, 2022 /PRNewswire/ -- West Penn Power, a subsidiary of FirstEnergy Corp. (NYSE: FE), has hired 17 graduates of Power Systems Institute (PSI), the company's award-winning, two-y...

JCP&L Welcomes New Line and Substation Employees from Power Systems Institute Training Programs

MORRISTOWN, N.J. , July 25, 2022 /PRNewswire/ -- Jersey Central Power & Light (JCP&L), FirstEnergy Corp. (NYSE:FE) utilities, have hired 20 graduates of Power Systems Institute (PSI), award-winning, two...

Met-Ed Working to Upgrade Electric System in York County

Project designed to enhance service reliability for about 900 rural customers READING, Pa. , July 21, 2022 /PRNewswire/ -- Met-Ed, a subsidiary of FirstEnergy Corp. (NYSE: FE), is upgrading its distribu...

FirstEnergy Corp. Declares Unchanged Common Stock Dividend

AKRON, Ohio , July 19, 2022 /PRNewswire/ -- The Board of Directors of FirstEnergy Corp. (NYSE: FE) today declared an unchanged quarterly dividend of 39 cents per share of outstanding common stock. The d...

JCP&L Teams with Sustainable Jersey to Help Local Communities Advance Energy Efficiency Goals

JCP&L one of several NJ utilities sponsoring 2022 Climate Corps Fellowship MORRISTOWN, N.J. , July 19, 2022 /PRNewswire/ -- For the second consecutive year, FirstEnergy Corp. (NYSE: FE) subsidiary Jerse...

Mon Power Using Aerial Saws to Trim Trees in Remote Areas

Work includes trimming along more than 400 miles of high-voltage power lines FAIRMONT, W.Va. , July 19, 2022 /PRNewswire/ -- Mon Power, a subsidiary of FirstEnergy Corp. (NYSE: FE), is using helicopters...

FirstEnergy to Webcast Second Quarter Earnings Teleconference

AKRON, Ohio , July 19, 2022 /PRNewswire/ -- FirstEnergy Corp. (NYSE: FE) will release financial results for the second quarter and first half of 2022 after markets close on Tuesday, July 26. These resul...

FirstEnergy's Ohio Utilities File Plan to Further Modernize Electric System

Proposed plan would expand investments in smart grid technology AKRON, Ohio , July 18, 2022 /PRNewswire/ -- FirstEnergy Corp.'s (NYSE: FE) Ohio utilities – Ohio Edison, Cleveland Electric Illuminating C...

FirstEnergy (FE) Arm Launches $39.8 Million EV Driven Program

FirstEnergy's (FE) unit gets the approval to develop electric vehicle fast-charging infrastructure under EV Driven to reduce auto emissions and support the state's electric vehicle expansion goals.

JCP&L Launches Electric Vehicle Charging Incentive Program

EV Driven program provides customer incentives that support the state's electric vehicle expansion goals MORRISTOWN, N.J. , July 15, 2022 /PRNewswire/ -- Jersey Central Power & Light (JCP&L), a subsidia...

These 10 stocks from a sector that is a bear-market bulwark have upside potential of up to 30%

During times of uncertainty, it can help to look at what happened during other down cycles for stocks.

Potomac Edison Starts Construction on New Substation in Frederick County

West Jefferson project to improve system reliability for 4,300 customers WILLIAMSPORT, Md. , July 7, 2022 /PRNewswire/ -- – Potomac Edison, a subsidiary of FirstEnergy Corp. (NYSE: FE), has started cons...

FirstEnergy Names Joseph McClelland Vice President, External Affairs

Significant industry expertise will help lead all government relations activities for the company AKRON, Ohio , July 5, 2022 /PRNewswire/ -- FirstEnergy Corp. (NYSE: FE) today announced that Joseph (Joe...

FirstEnergy's (FE) Infrastructure Upgrade to Cut Outages

FirstEnergy's (FE) unit, Penelec, is replacing underground electric cables in Millcreek Township to enhance service reliability and reduce outages.