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FirstEnergy Corp Stock Research

FE

38.09USD-0.27(-0.70%)Market Closed

Market Summary

USD38.09-0.27
Market Closed
-0.70%

FE Alerts

FE Stock Price

FE RSI Chart

FE Valuation

Market Cap

21.8B

Price/Earnings (Trailing)

53.68

Price/Sales (Trailing)

1.75

EV/EBITDA

11.34

Price/Free Cashflow

8.12

FE Price/Sales (Trailing)

FE Profitability

EBT Margin

11.55%

Return on Equity

3.99%

Return on Assets

0.88%

Free Cashflow Yield

12.31%

FE Fundamentals

FE Revenue

Revenue (TTM)

12.5B

Revenue Y/Y

19.44%

Revenue Q/Q

-8.58%

FE Earnings

Earnings (TTM)

406.0M

Earnings Y/Y

-194.38%

Earnings Q/Q

-220.66%

Price Action

52 Week Range

34.6147.45
(Low)(High)

Last 7 days

-5.1%

Last 30 days

-5.9%

Last 90 days

-9.3%

Trailing 12 Months

-9.9%

FE Financial Health

Current Ratio

0.61

Debt/Equity

2.09

Debt/Cashflow

0.13

FE Investor Care

Dividend Yield

4.1%

Dividend/Share (TTM)

1.56

Shares Dilution (1Y)

0.33%

Diluted EPS (TTM)

0.71

Peers (Alternatives to FirstEnergy)

View All Peers In Detail
NameMkt Capsorted ascendingRevenuePrice %, 1MReturns, 1YP/EP/SRev 1-YrInc 1-Yr
LARGE-CAP
148.7B
21.0B
1.63% -7.91%
35.87
7.1
22.77% 16.06%
72.4B
29.3B
2.11% 0.11%
21.13
2.47
26.68% 48.46%
71.6B
28.8B
-4.83% -10.47%
29.16
2.49
16.84% -31.41%
25.5B
17.2B
0.01% 3.51%
30.95
1.48
15.53% -10.92%
21.8B
12.5B
-5.93% -9.86%
53.68
1.75
11.92% -68.36%
MID-CAP
8.5B
4.3B
1.63% 5.97%
17.03
1.97
13.68% -21.25%
7.3B
31.5B
-7.16% -10.53%
5.94
0.23
16.87% -44.17%
7.0B
3.4B
-7.34% -6.78%
10.52
2.07
-7.61% -9.71%
5.2B
1.6B
-1.43% -5.32%
20.16
3.18
12.75% 5.47%
4.0B
3.7B
-11.80% -8.24%
16.44
1.07
31.28% -2.03%
2.2B
620.7M
-5.30% 10.31%
29.91
3.56
8.19% 22.07%
SMALL-CAP
1.3B
162.4M
-12.03% -24.43%
31.22
8.15
13.48% 16.11%
858.0M
563.2M
-3.20% 11.65%
20.72
1.52
18.99% 14.68%
278.1M
315.5M
-11.50% 69.11%
2.8
0.76
-13.25% 200.56%

Financials for FirstEnergy

Income Statement (Last 12 Months)
(In Millions)
* denotes actual numbers (not divided by Millions)
Description(%) Q/Q2022Q42022Q32022Q22022Q12021Q4
Revenue4.3%12,45911,94211,59111,39511,132
Operating Expenses-2,964----
Costs and Expenses3.4%10,54910,2079,7309,6699,406
EBITDA25.5%3,7773,0104,0684,245-
EBITDA Margin16.7%0.30*0.26*0.36*0.38*-
Earnings Before Taxes-6.6%1,4391,5401,5951,5081,559
EBT Margin-10.4%0.12*0.13*0.14*0.13*-
Interest Expenses-5.9%1,0211,085---
Net Income-67.3%4061,2411,3701,2361,283
Net Income Margin-68.6%0.03*0.10*0.12*0.11*-
Free Cahsflow5.5%2,6832,5442,7472,633-
Balance Sheet
(In Millions)
* denotes actual numbers (not divided by Millions)
Description(%) Q/Q2022Q42022Q32022Q22022Q12021Q4
Assets2.8%46,10844,85145,12044,61745,432
  Current Assets4.5%2,4152,3122,5392,2503,237
    Cash Equivalents-36.3%1602514782831,462
  Inventory16.6%421361304273260
  Net PPE2.0%36,28535,57235,36734,99634,744
  Goodwill0%5,6185,6185,6185,6185,618
  Current Liabilities13.3%3,9583,4933,3704,3604,416
.    Short Term Borrowings-71.4%100350---
  Long Term Debt1.4%21,20320,90520,76321,75422,248
    LT Debt, Current-1,606----
Shareholder's Equity-5.6%10,16610,77411,3148,7558,675
  Retained Earnings-50.6%-1,199-796-1,130-1,317-1,605
  Additional Paid-In Capital-1.8%11,32211,52611,94310,03110,238
Accumulated Depreciation1.4%13,25813,07513,03512,83412,672
Shares Outstanding0.1%572572571571570
Minority Interest2.8%477464456--
Cashflow (Last 12 Months)
(In Millions)
Description(%) Q/Q2022Q42022Q32022Q22022Q12021Q4
Cashflow From Operations5.5%2,6832,5442,7472,6332,811
Cashflow From Investing-11.8%-3,076-2,751-2,666-2,652-2,559
Cashflow From Financing-356.0%-912-200-861-997-542
  Dividend Payments1.3%891880870859849

Risks for FE

What is the probability of a big loss on FE?

42.7%


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

Returns for FE

Cumulative Returns on FE

3.6%


10-Year Cumulative Returns

4.9%


7-Year Cumulative Returns

6.5%


5-Year Cumulative Returns

8.9%


3-Year Cumulative Returns

What are the long-term rolling returns for FE?

FIve years rolling returns for FirstEnergy.

Annualized Returns

Which funds bought or sold FE recently?

View All Details
Datesorted ascendingFund NameType% Chg$ Change$ Held% Portfolio
2023-03-15
B. Riley Wealth Advisors, Inc.
added
38.91
264,033
726,033
0.02%
2023-03-10
VICTORY CAPITAL MANAGEMENT INC
reduced
-0.78
7,849,870
70,830,900
0.08%
2023-03-08
Capital Asset Advisory Services LLC
reduced
-30.1
-37,555
200,445
0.02%
2023-03-06
Rockefeller Capital Management L.P.
reduced
-54.99
-606,000
630,000
-%
2023-03-03
Crumly & Associates Inc.
sold off
-100
-404,000
-
-%
2023-03-03
TIAA, FSB
added
0.46
31,295
256,295
-%
2023-03-02
OLIVER LAGORE VANVALIN INVESTMENT GROUP
unchanged
-
1,922
19,922
0.01%
2023-03-02
LORING WOLCOTT & COOLIDGE FIDUCIARY ADVISORS LLP/MA
new
-
94,868
94,868
-%
2023-02-28
Voya Investment Management LLC
added
1.36
1,080,720
8,331,720
0.01%
2023-02-24
NATIXIS
sold off
-100
-19,789,000
-
-%

1–10 of 44

Latest Funds Activity

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

FirstEnergy News

Marketscreener.com

Potomac Edison Files Rate Review to Help Support Continued Service Reliability.

Marketscreener.com,
15 hours ago

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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

FE Fair Value

FirstEnergy fair value in different scenarios

The table shows the Fair Value estimates for FirstEnergy for various scenarios. Disclaimer: These are just estimations from a model. None of the models are good at predicting the future. Please dont buy or sell stocks based on these outputs.
Fair ValueVery PessimisticPessimisticBase CaseOptimisticVery Optimistic
Very Low Inflation

14.51

-61.91%

18.96

-50.22%

24.60

-35.42%

29.55

-22.42%

34.11

-10.45%
Current Inflation

13.73

-63.95%

17.70

-53.53%

22.78

-40.19%

27.20

-28.59%

31.22

-18.04%
Very High Inflation

12.73

-66.58%

16.10

-57.73%

20.50

-46.18%

24.28

-36.26%

27.67

-27.36%

Historical FirstEnergy Fair Value Estimates


Very Pessimistic Case
Pessimistic Case
Fair Value
Optimistic Case
Very Optimistic Case
Closing Stock Price

Recent SEC filings of FirstEnergy

View All Filings
Date Filed Form Type Document
Mar 07, 2023
PRE 14A
PRE 14A
Mar 06, 2023
4
Insider Trading
Mar 06, 2023
4
Insider Trading
Mar 06, 2023
4/A
Insider Trading
Mar 03, 2023
4
Insider Trading
Mar 03, 2023
4
Insider Trading
Mar 03, 2023
4
Insider Trading
Feb 13, 2023
10-K
Annual Report
Feb 13, 2023
4
Insider Trading
Feb 13, 2023
4
Insider Trading

Latest Insider Trading transactions for FE

Filter Transactions
Datesorted ascendingNameBuy/Sell$ ValueAvg. Price# SharesTitle
2023-03-01
Walker Christine
sold (taxes)
-121,984
38.9475
-3,132
svp, chro & corporate services
2023-03-01
Belcher Samuel
sold (taxes)
-471,966
38.9475
-12,118
svp, operations
2023-03-01
Lisowski Jason
acquired
-
-
4,736
vp, controller & cao
2023-03-01
Park Hyun
acquired
-
-
23,533
svp & clo
2023-03-01
Park Hyun
sold (taxes)
-429,474
38.9475
-11,027
svp & clo
2023-03-01
Lisowski Jason
sold (taxes)
-85,334
38.9475
-2,191
vp, controller & cao
2023-03-01
Walker Christine
back to issuer
-
-
-2,280
svp, chro & corporate services
2023-03-01
Belcher Samuel
acquired
-
-
26,086
svp, operations
2023-03-01
K. Jon Taylor
sold (taxes)
-145,625
38.9475
-3,739
svp, cfo and strategy
2023-03-01
Walker Christine
acquired
-
-
9,118
svp, chro & corporate services

1–10 of 50

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.

FE Income Statement

2022-09-30
Consolidated Statements of Income - USD ($)
shares in Millions, $ in Millions
3 Months Ended9 Months Ended
Sep. 30, 2022
Sep. 30, 2021
Sep. 30, 2022
Sep. 30, 2021
REVENUES:    
Revenues[1]$ 3,475$ 3,124$ 9,282$ 8,472
OPERATING EXPENSES:    
Fuel209132539362
Purchased power1,1098742,7862,206
Other operating expenses1,1118562,8272,326
Provision for depreciation3323261,020972
Amortization (deferral) of regulatory assets, net(86)30(252)171
General taxes295275851812
DPA penalty (Note 8)000230
Gain on sale of Yards Creek (Note 9)000(109)
Total operating expenses2,9702,4937,7716,970
OPERATING INCOME5056311,5111,502
OTHER INCOME (EXPENSE):    
Debt redemption costs (Note 6)10(155)0
Miscellaneous income, net168136434379
Interest expense(248)(283)(788)(855)
Capitalized financing costs23205954
Total other expense(56)(127)(450)(422)
INCOME FROM CONTINUING OPERATIONS BEFORE INCOME TAXES4495041,0611,080
INCOME TAXES10588237271
INCOME FROM CONTINUING OPERATIONS344416824809
Discontinued operations (Note 3)[2]047047
NET INCOME344463824856
Income attributable to noncontrolling interest (continuing operations)100150
EARNINGS ATTRIBUTABLE TO FIRSTENERGY CORP.$ 334$ 463$ 809$ 856
EARNINGS PER SHARE ATTRIBUTABLE TO FIRSTENERGY CORP. (Note 3):    
Basic - Continuing Operations (in dollars per share)$ 0.58$ 0.76$ 1.42$ 1.48
Basic - Discontinued Operations (in dollars per share)00.0900.09
Basic - Earnings Per Share Attributable to FirstEnergy Corp. (in dollars per share)0.580.851.421.57
Diluted - Continuing Operations (in dollars per share)0.580.761.411.48
Diluted - Discontinued Operations (in dollars per share)00.0900.09
Diluted - Earnings Per Share Attributable to FirstEnergy Corp. (in dollars per share)$ 0.58$ 0.85$ 1.41$ 1.57
WEIGHTED AVERAGE NUMBER OF COMMON SHARES OUTSTANDING:    
Basic, in shares571544571544
Diluted, in shares572545572545
Distribution Services and Retail Generation    
REVENUES:    
Revenues$ 2,767$ 2,550$ 7,334$ 6,882
Transmission    
REVENUES:    
Revenues5024111,3931,223
Other    
REVENUES:    
Revenues$ 206$ 163$ 555$ 367
[1]Includes excise and gross receipts tax collections of $111 million and $103 million during the three months ended September 30, 2022 and 2021, respectively, and $305 million and $283 million during the nine months ended September 30, 2022 and 2021, respectively.
[2]Net of income tax benefits of $47 million for the three and nine months ended September 30, 2021.

FE Balance Sheet

2022-09-30
Consolidated Balance Sheets - USD ($)
$ in Millions
Sep. 30, 2022
Dec. 31, 2021
CURRENT ASSETS:  
Cash and cash equivalents$ 251$ 1,462
Restricted cash2649
Receivables-  
Customers1,3181,192
Less — Allowance for uncollectible customer receivables136159
Customers1,1821,033
Other, net of allowance for uncollectible accounts of $10 in 2022 and 2021264246
Materials and supplies, at average cost361260
Prepaid taxes and other228187
Total current assets2,3123,237
PROPERTY, PLANT AND EQUIPMENT:  
In service46,91746,002
Less — Accumulated provision for depreciation13,07512,672
Property, plant and equipment in service net of accumulated provision for depreciation33,84233,330
Construction work in progress1,7301,414
Total net property, plant and equipment35,57234,744
INVESTMENTS AND OTHER NONCURRENT ASSETS:  
Goodwill5,6185,618
Investments (Note 6)621655
Regulatory assets1471
Other7141,107
Total deferred charges and other assets6,9677,451
Total assets44,85145,432
CURRENT LIABILITIES:  
Currently payable long-term debt3531,606
Accounts payable1,125943
Accrued interest255283
Accrued taxes643647
Accrued compensation and benefits255313
Dividends payable223222
Other639402
Total current liabilities3,4934,416
Common stockholders’ equity-  
Common stock5757
Other paid-in capital11,52610,238
Accumulated other comprehensive loss(13)(15)
Accumulated deficit(796)(1,605)
Total common stockholders’ equity10,7748,675
Noncontrolling interest4640
Total equity11,2388,675
Long-term debt and other long-term obligations20,90522,248
Total capitalization32,14330,923
NONCURRENT LIABILITIES:  
Accumulated deferred income taxes3,4283,437
Retirement benefits2,4962,669
Regulatory liabilities1,9822,124
Other1,3091,863
Total noncurrent liabilities9,21510,093
COMMITMENTS, GUARANTEES AND CONTINGENCIES (Note 8)
Total liabilities and capitalization44,85145,432
Customer  
Receivables-  
Customers1,3181,192
Less — Allowance for uncollectible customer receivables136159
Customers1,1821,033
Other Receivables  
Receivables-  
Less — Allowance for uncollectible customer receivables$ 10$ 10