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FirstEnergy Corp Stock Research

FE

32.60USD-1.58(-4.62%)Market Closed
Watchlist

Market Summary

USD32.60-1.58
Market Closed
-4.62%

FE Stock Price

FE RSI Chart

FE Valuation

Market Cap

18.7B

Price/Earnings (Trailing)

39.27

Price/Sales (Trailing)

1.45

EV/EBITDA

14.28

Price/Free Cashflow

15.75

FE Price/Sales (Trailing)

FE Profitability

EBT Margin

11.56%

Return on Equity

4.05%

Return on Assets

0.89%

Free Cashflow Yield

6.35%

FE Fundamentals

FE Revenue

Revenue (TTM)

12.9B

Revenue Y/Y

6.67%

Revenue Q/Q

-6.96%

FE Earnings

Earnings (TTM)

476.0M

Earnings Y/Y

25.67%

Earnings Q/Q

-24.19%

Price Action

52 Week Range

32.4143.31
(Low)(High)

Last 7 days

-5.2%

Last 30 days

-5.8%

Last 90 days

-12.1%

Trailing 12 Months

-7.1%

FE Financial Health

Current Ratio

0.68

Debt/Equity

2.16

Debt/Cashflow

0.1

FE Investor Care

Dividend Yield

4.79%

Dividend/Share (TTM)

1.56

Shares Dilution (1Y)

0.41%

Diluted EPS (TTM)

0.8

Historical Charts for Stock Metrics

Get all data in R, Python etc through our Historical Stock Data APIs
Net sales

Latest Insider Trading transactions for FE

Filter Transactions
Datesorted ascendingNameBuy/Sell$ ValueAvg. Price# SharesTitle
2023-07-05
SOMERHALDER JOHN W II
sold (taxes)
-1,364,300
39.325
-34,693
-
2023-07-05
SOMERHALDER JOHN W II
back to issuer
-
-
-10,487
-
2023-07-03
SOMERHALDER JOHN W II
acquired
21,417
38.87
551
-
2023-07-03
DEMETRIOU STEVEN J.
acquired
39,997
38.87
1,029
-
2023-06-01
TIERNEY BRIAN X
acquired
5,000,010
37.105
134,753
president and ceo
2023-04-03
DEMETRIOU STEVEN J.
acquired
39,979
39.86
1,003
-
2023-03-01
Walker Christine
sold (taxes)
-121,984
38.9475
-3,132
svp, chro & corporate services
2023-03-01
Lisowski Jason
sold (taxes)
-85,334
38.9475
-2,191
vp, controller & cao
2023-03-01
Park Hyun
sold (taxes)
-429,474
38.9475
-11,027
svp & clo
2023-03-01
Walker Christine
back to issuer
-
-
-2,280
svp, chro & corporate services

1–10 of 50

Which funds bought or sold FE recently?

View All Details
Datesorted ascendingFund NameType% Chg$ Change$ Held% Portfolio
2023-09-26
BROOKFIELD Corp /ON/
reduced
-99.84
-151,606,000
237,673
-%
2023-09-21
Jefferies Group LLC
new
-
336,145
336,145
-%
2023-09-20
BARCLAYS PLC
added
34.15
18,736,000
80,772,000
0.05%
2023-09-12
Farther Finance Advisors, LLC
added
5.77
166
6,415
-%
2023-09-08
TUCKER ASSET MANAGEMENT LLC
unchanged
-
-61.00
2,022
-%
2023-09-07
ST GERMAIN D J CO INC
new
-
10,420
10,420
-%
2023-09-07
Sterling Financial Group, Inc.
sold off
-100
-236,164
-
-%
2023-09-01
Portside Wealth Group, LLC
new
-
1,408,700
1,408,700
0.26%
2023-08-24
ProVise Management Group, LLC
reduced
-28.91
-216,612
482,034
0.04%
2023-08-24
Alberta Investment Management Corp
unchanged
-
-6,136
202,176
-%

1–10 of 47

Latest Funds Activity

Are funds buying FE calls or puts?
Calls
Puts
No. of funds holding Calls - Puts
Net Call Options
No. of funds that own FE
No. of Funds

Schedule 13G FIlings of FirstEnergy

Date FiledName of FilerPercent of ClassNo. of SharesForm Type
Feb 09, 2023
vanguard group inc
11.69%
66,818,032
SC 13G/A
Feb 06, 2023
state street corp
7.71%
44,093,784
SC 13G/A
Jan 25, 2023
blackrock inc.
7.8%
44,735,109
SC 13G/A
Jan 24, 2023
blackrock inc.
9.2%
4,268,887
SC 13G
Jan 19, 2023
gic private ltd
5.18%
29,625,590
SC 13G
Jun 10, 2022
blackstone holdings iii l.p.
4.4%
25,096,082
SC 13D/A
May 19, 2022
blackstone holdings iii l.p.
-
0
SC 13D/A
Feb 14, 2022
state street corp
7.44%
40,509,615
SC 13G/A
Feb 09, 2022
vanguard group inc
11.71%
63,771,524
SC 13G/A
Feb 01, 2022
blackrock inc.
7.9%
43,236,791
SC 13G/A

Recent SEC filings of FirstEnergy

View All Filings
Date Filed Form Type Document
Aug 01, 2023
8-K
Current Report
Aug 01, 2023
10-Q
Quarterly Report
Jul 07, 2023
4
Insider Trading
Jul 06, 2023
4
Insider Trading
Jul 06, 2023
4
Insider Trading
Jul 06, 2023
4
Insider Trading
Jul 06, 2023
4
Insider Trading
Jul 06, 2023
4
Insider Trading
Jul 06, 2023
4
Insider Trading
Jul 06, 2023
4
Insider Trading

Peers (Alternatives to FirstEnergy)

View All Peers In Detail
NameMkt Capsorted ascendingRevenuePrice %, 1MReturns, 1YP/EP/SRev 1-YrInc 1-Yr
LARGE-CAP
105.6B
26.9B
-14.61% -28.00%
13.03
3.92
54.09% 213.91%
68.5B
27.7B
-5.68% -5.73%
23.52
2.48
6.94% 1.01%
65.9B
29.0B
-1.88% -5.27%
49.2
2.27
9.50% -63.85%
23.4B
17.2B
-9.50% 10.15%
19.99
1.36
3.42% 66.67%
18.7B
12.9B
-5.81% -7.12%
39.27
1.45
11.20% -65.13%
MID-CAP
8.7B
30.4B
2.86% -0.91%
-4.21
0.28
5.56% -159.74%
8.1B
4.5B
-5.60% 12.69%
19.11
1.78
15.02% -25.26%
6.4B
3.1B
-3.03% -9.89%
14.55
2.03
10.79% -52.42%
4.5B
1.8B
-2.92% -6.28%
16.63
2.54
20.17% 13.21%
1.9B
641.5M
-9.16% 2.85%
20.98
2.89
10.61% 68.66%
1.3B
3.9B
-9.68% -63.40%
5.69
0.34
21.12% -4.51%
SMALL-CAP
680.8M
595.3M
-12.50% -8.99%
15.72
1.14
12.45% 5.87%
374.8M
361.4M
-6.89% 57.95%
5.77
1.04
16.69% -15.66%
1.1M
167.5M
-12.92% -15.47%
0.03
0.01
11.84% -6.17%

FirstEnergy News

Nasdaq
Stocks Settle Mixed as Big Tech Gains Despite Rising Bond Yields.
Nasdaq,
5 hours ago
Marketscreener.com
GuruFocus.com
FirstEnergy Corp.

Returns for FE

Cumulative Returns on FE

3.2%


10-Year Cumulative Returns

4.3%


7-Year Cumulative Returns

1.8%


5-Year Cumulative Returns

9.5%


3-Year Cumulative Returns

Risks for FE

What is the probability of a big loss on FE?

44.2%


Probability that FirstEnergy stock will be more than 20% underwater in next one year

26.5%


Probability that FirstEnergy stock will be more than 30% underwater in next one year.

14.6%


Probability that FirstEnergy stock will be more than 40% underwater in next one year.
*Calculated based on probability distribution of losses observed in actual data in the last 5 years.

How does FE drawdown profile look like?

Y-axis is the maximum loss one would have experienced if FirstEnergy was unfortunately bought at previous high price.

Drawdowns

Financials for FirstEnergy

Income Statement (Last 12 Months)
(In Millions)
Income Statement (Last 12 Months)
(In Millions)
(*) denotes actual numbers (not divided by Millions)
Description(%) Q/Q2023Q22023Q12022Q42022Q32022Q22022Q12021Q42021Q32021Q22021Q12020Q42020Q32020Q22020Q12019Q42019Q32019Q22019Q12018Q42018Q32018Q2
Revenue1.5%12,88912,70112,45911,94211,59111,39511,13211,00910,90710,80710,79010,92610,86710,86111,03511,07211,17311,28211,26111,23211,078
Costs and Expenses1.4%10,95310,79910,54910,2079,7309,6699,4069,1138,9218,6188,6288,5438,5248,4488,5258,6658,7378,7318,7598,7378,560
Operating Expenses-------2,964---2,701---2,927---3,109--
EBITDA-100.0%-3,8043,777-3,0104,0684,2453,8273,8723,9373,2982,6682,7482,8433,3674,0164,0664,0894,0001,8121,859
EBITDA Margin-100.0%-0.30*0.30*-0.26*0.36*0.38*0.35*0.36*0.36*0.31*0.24*0.25*0.26*0.31*0.36*0.36*0.36*0.36*0.16*0.17*
Interest Expenses---1,021---1,085---970---960---1,071--
Earnings Before Taxes5.9%1,5551,4681,4391,5401,5951,5081,5591,2961,3681,5871,1296645846331,1171,5351,5591,5461,5121,5141,497
EBT Margin-100.0%-0.12*0.12*0.13*0.14*0.13*0.14*0.12*0.13*0.15*0.10*0.06*0.05*0.06*0.10*0.14*0.14*0.13*0.13*-0.07*-
Net Income11.2%4764284061,2361,3651,2361,2831,0981,0891,3401,0797266636669121,1613122991,348-1,289-435
Net Income Margin-100.0%-0.03*0.03*0.10*0.12*0.11*0.12*0.10*0.10*0.12*0.10*0.07*0.06*0.06*0.08*0.10*0.03*0.03*0.12*-0.11*-
Free Cashflow-100.0%-2,2162,6832,5442,7472,6332,8112,6762,6202,5161,4231,5811,9922,0892,4672,5892,3232,1081,4101,604-
Balance Sheet
(In Millions)
Balance Sheet
(In Millions)
(*) denotes actual numbers (not divided by Millions)
Description(%) Q/Q2023Q22023Q12022Q42022Q32022Q22022Q12021Q42021Q32021Q22021Q12020Q42020Q32020Q22020Q12019Q42019Q32019Q22019Q12018Q42018Q32018Q2
Assets1.3%47,06546,47946,10844,85145,12044,61745,43243,85444,36344,11744,46442,93842,40342,09042,30141,50640,88440,49040,06339,44338,971
  Current Assets-0.9%2,4852,5072,4152,3122,5392,2503,2372,5323,1963,1883,7142,1621,9862,0032,4442,6162,3862,3142,3922,5962,363
    Cash Equivalents-3.4%1711771602515323101,5116841,3121,3261,801296165185679750474210429487324
  Inventory-1.8%449457421361304273260245274303317308303285281258261268252240281
  Net PPE1.4%37,14936,63036,28535,57235,36734,99634,74434,30534,01733,64033,29432,85732,40832,00531,65031,15230,67830,26629,91129,40729,021
  Goodwill0%5,6185,6185,6185,6185,6185,6185,6185,6185,6185,6185,6185,6185,6185,6185,6185,6185,6185,6185,6185,6185,618
Liabilities1.0%36,09435,74835,465------------------
  Current Liabilities12.1%4,1493,7003,9583,4933,3704,3604,4164,0943,8714,6245,0043,0772,5443,6974,8624,2393,9834,3244,6345,8005,068
  Short Term Borrowings-36.4%350550100--350--5001,4502,2003001157501,0001,0001,2501,3001,2501,7001,664
  Long Term Debt2.4%22,65622,12421,20320,90520,76321,75422,24822,50323,02522,20422,13122,20321,98020,82119,61819,42219,05318,81417,75116,60816,461
Shareholder's Equity-2.1%10,51010,73110,16610,77411,3148,7558,6757,4797,4307,3607,2377,1887,1436,8146,9757,2727,2696,9326,8146,8737,699
  Retained Earnings25.9%-672-907-1,199-796-1,130-1,317-1,605-2,032-2,495-2,553-2,888-3,130-3,584-3,893-3,967-3,856-4,247-4,559-4,879-5,017-4,559
  Additional Paid-In Capital0.2%11,14011,11811,32211,52611,94310,03110,2389,4689,8809,86610,07610,26610,67310,65110,86811,04711,41111,38111,53011,70811,975
Accumulated Depreciation1.6%13,67113,45713,25813,07513,03512,83412,67212,46012,32812,14311,93811,97111,81811,63511,42711,23411,13910,96110,79310,46810,463
Shares Outstanding0.1%573573572572571570570544544543543542542541541538532530512503477
Minority Interest-3.6%461478477464456----------------
Cashflow (Last 12 Months)
(In Millions)
Cashflow (Last 12 Months)
(In Millions)
Description(%) Q/Q2023Q22023Q12022Q42022Q32022Q22022Q12021Q42021Q32021Q22021Q12020Q42020Q32020Q22020Q12019Q42019Q32019Q22019Q12018Q42018Q32018Q2
Cashflow From Operations-46.4%1,1872,2162,6832,5442,7472,6332,8112,6762,6202,5161,4231,5811,9922,0892,4672,5892,3232,1081,4101,6042,038
Cashflow From Investing-4.4%-3,342-3,200-3,076-2,751-2,666-2,652-2,559-2,548-2,676-2,748-2,908-2,963-2,943-2,902-2,873-2,862-2,789-2,505-3,018-2,754-2,773
Cashflow From Financing108.8%1,837880-912-200-861-997-5422601,2031,3732,6079286427886565366163081,3941,202888
  Dividend Payments0.1%893892891880870859849847847846845839833824814793771741711688663

FE Income Statement

2023-06-30
Consolidated Statements of Income - USD ($)
shares in Millions, $ in Millions
3 Months Ended6 Months Ended
Jun. 30, 2023
Jun. 30, 2022
Jun. 30, 2023
Jun. 30, 2022
REVENUES:    
Total revenues[1]$ 3,006$ 2,818$ 6,237$ 5,807
OPERATING EXPENSES:    
Fuel140190273330
Purchased power8948022,0181,677
Other operating expenses8858961,7311,716
Provision for depreciation361348722688
Deferral of regulatory assets, net(33)(129)(113)(166)
General taxes278264574556
Total operating expenses2,5252,3715,2054,801
OPERATING INCOME4814471,0321,006
OTHER INCOME (EXPENSE):    
Debt redemption costs (Note 6)(36)(118)(36)(156)
Equity method investment earnings (Note 1)35659177
Miscellaneous income, net439578189
Pension and OPEB mark-to-market adjustment (Note 4)590590
Interest expense(276)(265)(539)(540)
Capitalized financing costs22174336
Total other expense(153)(206)(304)(394)
INCOME BEFORE INCOME TAXES328241728612
INCOME TAXES7449164132
NET INCOME254192564480
Income attributable to noncontrolling interest195375
EARNINGS ATTRIBUTABLE TO FIRSTENERGY CORP.$ 235$ 187$ 527$ 475
EARNINGS PER SHARE ATTRIBUTABLE TO FIRSTENERGY CORP. (Note 3):    
Basic - Earnings Per Share Attributable to FirstEnergy Corp. (in dollars per share)$ 0.41$ 0.33$ 0.92$ 0.83
Diluted - Earnings Per Share Attributable to FirstEnergy Corp. (in dollars per share)$ 0.41$ 0.33$ 0.92$ 0.83
WEIGHTED AVERAGE NUMBER OF COMMON SHARES OUTSTANDING:    
Basic (in shares)573571573571
Diluted (in shares)574572574572
Distribution Services and Retail Generation    
REVENUES:    
Total revenues$ 2,375$ 2,170$ 5,055$ 4,567
Transmission    
REVENUES:    
Total revenues518440978891
Other    
REVENUES:    
Total revenues$ 113$ 208$ 204$ 349
[1]Includes excise and gross receipts tax collections of $92 million and $91 million during the three months ended June 30, 2023 and 2022, respectively, and $201 million and $194 million during the six months ended June 30, 2023 and 2022, respectively.

FE Balance Sheet

2023-06-30
Consolidated Balance Sheets - USD ($)
$ in Millions
Jun. 30, 2023
Dec. 31, 2022
CURRENT ASSETS:  
Cash and cash equivalents$ 171$ 160
Restricted cash4346
Receivables-  
Customers1,2711,455
Less — Allowance for uncollectible customer receivables85137
Receivable1,1861,318
Other, net of allowance for uncollectible accounts of $15 in 2023 and $11 in 2022275253
Materials and supplies, at average cost449421
Prepaid taxes and other361217
Total current assets2,4852,415
PROPERTY, PLANT AND EQUIPMENT:  
In service48,96347,850
Less — Accumulated provision for depreciation13,67113,258
Property, plant and equipment in service net of accumulated provision for depreciation35,29234,592
Construction work in progress1,8571,693
Total net property, plant and equipment37,14936,285
INVESTMENTS AND OTHER NONCURRENT ASSETS:  
Goodwill5,6185,618
Investments (Note 6)638622
Regulatory assets31133
Other8641,135
Total deferred charges and other assets7,4317,408
TOTAL ASSETS47,06546,108
CURRENT LIABILITIES:  
Currently payable long-term debt1,002351
Short-term borrowings350100
Accounts payable1,2001,503
Accrued interest283254
Accrued taxes604668
Accrued compensation and benefits257272
Customer deposits223223
Dividends payable0223
Other230364
Total current liabilities4,1493,958
NONCURRENT LIABILITIES:  
Long-term debt and other long-term obligations22,65621,203
Accumulated deferred income taxes4,3924,202
Retirement benefits1,5162,335
Regulatory liabilities1,5191,847
Other1,8621,920
Total noncurrent liabilities31,94531,507
Liabilities36,09435,465
Common stockholders’ equity-  
Common stock, $0.10 par value, authorized 700,000,000 shares - 573,362,380 and 572,130,932 shares outstanding as of June 30, 2023 and December 31, 2022, respectively.5757
Other paid-in capital11,14011,322
Accumulated other comprehensive loss(15)(14)
Accumulated deficit(672)(1,199)
Total common stockholders’ equity10,51010,166
Noncontrolling interest461477
TOTAL EQUITY10,97110,643
COMMITMENTS, GUARANTEES AND CONTINGENCIES (Note 8)
TOTAL LIABILITIES AND EQUITY47,06546,108
Customer  
Receivables-  
Customers1,2711,455
Less — Allowance for uncollectible customer receivables85137
Receivable$ 1,186$ 1,318
Steven E. Strah
12400
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 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.