FirstEnergy Corp. Company Profile (NYSE:FE)

About FirstEnergy Corp. (FE)

FirstEnergy Corp. logoFirstEnergy Corp. is a holding company. The Company is engaged in holding, directly or indirectly, all of the outstanding equity of its principal subsidiaries. Its segments include Regulated Distribution, Regulated Transmission, Competitive Energy Services (CES) and Corporate/Other. As of December 31, 2016, the Regulated Distribution segment distributed electricity through the Company's 10 utility operating companies, serving approximately six million customers, and purchased power for its provider of last resort (POLR), standard offer service (SOS), standard offer service (SSO) and default service requirements in Ohio, Pennsylvania, New Jersey and Maryland. The Regulated Transmission segment transmits electricity through transmission facilities owned and operated by American Transmission Systems, Incorporated (ATSI) and Trans-Allegheny Interstate Line Company (TrAIL). The CES segment primarily supplies electricity to end use customers through retail and wholesale arrangements.

Industry, Sector and Symbol:
  • Sector: Utilities
  • Industry: Electric Utilities
  • Sub-Industry: Electric Utilities
  • Exchange: NYSE
  • Symbol: FE
  • CUSIP: 33793210
Key Metrics:
  • Previous Close: $31.57
  • 50 Day Moving Average: $31.13
  • 200 Day Moving Average: $31.67
  • 52-Week Range: $29.33 - $36.60
  • Trailing P/E Ratio: N/A
  • Foreward P/E Ratio: 12.83
  • P/E Growth: -1.54
  • Market Cap: $13.97B
  • Outstanding Shares: 442,477,000
  • Beta: 0.15
Profitability:
  • Net Margins: -4.12%
  • Return on Equity: 10.06%
  • Return on Assets: 2.31%
Debt:
  • Debt-to-Equity Ratio: 1.61%
  • Current Ratio: 0.49%
  • Quick Ratio: 0.39%

Analyst Ratings

Consensus Ratings for FirstEnergy Corp. (NYSE:FE) (?)
Ratings Breakdown: 2 Sell Ratings, 7 Hold Ratings, 4 Buy Ratings
Consensus Rating:Hold (Score: 2.15)
Consensus Price Target: $34.89 (10.51% upside)

Analysts' Ratings History for FirstEnergy Corp. (NYSE:FE)
Show:
DateFirmActionRatingPrice TargetImpact on Share PriceDetails
3/23/2017Goldman Sachs Group IncUpgradeNeutral -> Buy$34.00LowView Rating Details
2/23/2017Jefferies Group LLCLower Price TargetHold$34.50 -> $32.00N/AView Rating Details
1/10/2017Wells Fargo & CoDowngradeOutperform -> Market PerformN/AView Rating Details
1/4/2017Royal Bank of CanadaSet Price TargetHold$33.00N/AView Rating Details
12/20/2016Deutsche Bank AGDowngradeBuy -> Hold$38.00 -> $34.00N/AView Rating Details
12/2/2016Barclays PLCDowngradeOverweight -> Equal Weight$38.00 -> $34.00N/AView Rating Details
10/19/2016Tudor PickeringDowngradeHold -> SellN/AView Rating Details
10/18/2016Evercore ISIUpgradeHold -> BuyN/AView Rating Details
10/18/2016Citigroup IncUpgradeSell -> Neutral$29.00 -> $31.00N/AView Rating Details
8/8/2016Bank of America CorpUpgradeNeutral -> Buy$41.00 -> $40.00N/AView Rating Details
8/8/2016Morgan StanleyUpgradeEqual Weight -> Overweight$38.00 -> $41.00N/AView Rating Details
5/20/2016BMO Capital MarketsReiterated RatingHold$35.00N/AView Rating Details
4/28/2016Wolfe ResearchDowngradeMarket Perform -> UnderperformN/AView Rating Details
3/28/2016MacquarieLower Price TargetOutperform$40.00 -> $36.50N/AView Rating Details
3/16/2016JPMorgan Chase & Co.Boost Price TargetOverweight$40.00 -> $41.00N/AView Rating Details
12/3/2015GuggenheimUpgradeNeutral -> Buy$39.00N/AView Rating Details
(Data available from 3/29/2015 forward)

Earnings

Earnings History for FirstEnergy Corp. (NYSE:FE)
Earnings by Quarter for FirstEnergy Corp. (NYSE:FE)
Earnings History by Quarter for FirstEnergy Corp. (NYSE:FE)
DateQuarterConsensus EstimateActual EPSRevenue EstimateActual RevenueRelease LinkConference CallDetails
4/24/2017        
2/21/2017Q416$0.40$0.38$3.82 billion$3.40 billionViewN/AView Earnings Details
11/4/2016Q316$0.76$0.90$4.01 billionViewN/AView Earnings Details
7/28/2016Q216$0.54$0.56$3.57 billionViewN/AView Earnings Details
4/26/2016Q116$0.75$0.80$3.86 billion$3.90 billionViewN/AView Earnings Details
2/16/2016Q415$0.57$0.58$3.92 billionViewListenView Earnings Details
10/29/2015Q315$0.88$0.98$3.99 billion$4.10 billionViewListenView Earnings Details
7/30/2015Q215$0.48$0.53$3.31 billion$3.50 billionViewListenView Earnings Details
5/1/2015Q115$0.52$0.62$3.67 billion$3.90 billionViewN/AView Earnings Details
2/17/2015Q414$0.75$0.75$3.94 billionViewN/AView Earnings Details
11/4/2014Q314$0.88$0.89$4.12 billion$3.90 billionViewN/AView Earnings Details
8/5/2014Q214$0.44$0.49$3.32 billion$3.50 billionViewN/AView Earnings Details
5/6/2014Q114$0.42$0.39$3.40 billionViewN/AView Earnings Details
2/25/2014Q413$0.69$0.75$4.28 billionViewN/AView Earnings Details
11/5/2013Q313$0.92$0.94$4.30 billionViewN/AView Earnings Details
8/6/2013Q2 2013$0.54$0.59$3.61 billionViewListenView Earnings Details
5/7/2013Q1 2013$0.67$0.76$3.66 billionViewListenView Earnings Details
2/25/2013Q4 2012$0.80$0.80$4.60 billionViewListenView Earnings Details
11/8/2012Q312$1.07$1.11$4.66 billionViewN/AView Earnings Details
8/7/2012$0.65$0.59ViewN/AView Earnings Details
5/1/2012$0.80$0.82ViewN/AView Earnings Details
2/28/2012$0.85$0.77ViewN/AView Earnings Details
11/1/2011$1.22$1.34ViewN/AView Earnings Details
8/2/2011$0.71$0.65ViewN/AView Earnings Details
5/2/2011$0.74$0.69ViewN/AView Earnings Details
2/16/2011$0.76$0.71ViewN/AView Earnings Details
(Data available from 1/1/2011 forward)

Estimates

Earnings Estimates for FirstEnergy Corp. (NYSE:FE)
Current Year EPS Consensus Estimate: $2.77 EPS
Next Year EPS Consensus Estimate: $2.46 EPS
QuarterNumber of EstimatesLow EstimateHigh EstimateAverage Estimate
Q1 20162$0.72$0.80$0.76
Q2 20162$0.55$0.55$0.55
Q3 20161$0.70$0.70$0.70
Q4 20162$0.35$0.39$0.37
Q1 20171$0.72$0.72$0.72
(Data provided by Zacks Investment Research)

Dividends

Current Dividend Information for FirstEnergy Corp. (NYSE:FE)
Next Dividend:6/1/2017
Annual Dividend:$1.44
Dividend Yield:4.56%
Dividend Growth:-13.20% (3 Year Average)
Payout Ratio:-100.70% (Trailing 12 Months of Earnings)
51.99% (Based on This Year's Estimates)
58.54% (Based on Next Year's Estimates)
Dividend Payments by Quarter for FirstEnergy Corp. (NYSE:FE)

Dividend History by Quarter for FirstEnergy Corp. (NYSE:FE)
AnnouncedPeriodAmountYieldEx-Dividend DateRecord DatePayable Date
3/21/2017quarterly$0.364.58%5/3/20175/5/20176/1/2017
1/17/2017quarterly$0.364.68%2/3/20172/7/20173/1/2017
9/20/2016quarterly$0.364.17%11/3/201611/7/201612/1/2016
7/19/2016quarterly$0.364%8/3/20168/5/20169/1/2016
3/15/2016quarterly$0.364.01%5/4/20165/6/20166/1/2016
1/19/2016quarterly$0.364.63%2/3/20162/5/20163/1/2016
9/15/2015quarterly$0.364.56%11/4/201511/6/201512/1/2015
7/21/2015quarterly$0.364.32%8/5/20158/7/20159/1/2015
3/17/2015quarterly$0.363.99%5/5/20155/7/20156/1/2015
1/20/2015quarterly$0.363.49%2/4/20152/6/20153/1/2015
9/16/2014quarterly$0.364.15%11/5/201411/7/201412/1/2014
7/15/2014quarterly$0.364.47%8/5/20148/7/20149/1/2014
3/18/2014quarterly$0.364.54%5/5/20145/7/20146/1/2014
1/21/2014quarterly$0.364.63%2/5/20142/7/20143/1/2014
9/17/2013quarterly$0.555.8%11/5/201311/7/201312/1/2013
7/16/2013quarterly$0.555.72%8/5/20138/7/20139/1/2013
3/19/2013quarterly$0.555.24%5/3/20135/7/20136/1/2013
12/18/2012quarterly$0.555.3%2/5/20132/7/20133/1/2013
(Data available from 1/1/2013 forward)

Insider Trades

Insider Trading and Institutional Ownership History for FirstEnergy Corp. (NYSE:FE)
Insider Ownership Percentage: 0.20%
Institutional Ownership Percentage: 74.16%
Insider Trades by Quarter for FirstEnergy Corp. (NYSE:FE)
Institutional Ownership by Quarter for FirstEnergy Corp. (NYSE:FE)
Insider Trades by Quarter for FirstEnergy Corp. (NYSE:FE)
Transaction DateInsider NameTitleBuy/SellNumber of SharesAverage Share PriceTotal TransactionDetails
12/20/2016Charles D LaskySVPSell5,149$31.36$161,472.64View SEC Filing  
12/20/2016Donald R SchneiderInsiderSell6,525$31.36$204,624.00View SEC Filing  
3/14/2016Steven E StrahSVPBuy560$35.59$19,930.40View SEC Filing  
5/4/2015Anthony J AlexanderChairmanSell54,436$36.85$2,005,966.60View SEC Filing  
2/26/2015Bennett L GainesSVPSell5,400$35.78$193,212.00View SEC Filing  
12/26/2014Lynnette M CavalierVPSell10,000$40.00$400,000.00View SEC Filing  
12/11/2014Lynnette M CavalierVPSell7,500$38.00$285,000.00View SEC Filing  
10/9/2014Lynnette M CavalierVPSell5,000$35.00$175,000.00View SEC Filing  
8/13/2014Bennett L GainesSVPSell5,400$32.25$174,150.00View SEC Filing  
5/29/2014Donald R SchneiderInsiderSell13,264$33.48$444,078.72View SEC Filing  
5/15/2014Charles JonesEVPSell14,010$32.28$452,242.80View SEC Filing  
3/12/2014Michael DowlingSVPSell4,379$30.80$134,873.20View SEC Filing  
8/5/2013Lynnette CavalierVPSell12,838$37.34$479,370.92View SEC Filing  
6/28/2013Charles E JonesSVPSell2,000$37.11$74,220.00View SEC Filing  
8/22/2012James H LashInsiderSell13,925$45.68$636,094.00View SEC Filing  
(Data available from 1/1/2013 forward)

Headlines

Headline Trends for FirstEnergy Corp. (NYSE:FE)
Latest Headlines for FirstEnergy Corp. (NYSE:FE)
Source:
DateHeadline
us.rd.yahoo.com logoWhy Is FirstEnergy (FE) Up 2% Since the Last Earnings Report?
us.rd.yahoo.com - March 29 at 5:40 PM
us.rd.yahoo.com logoIs FirstEnergy Stock Fairly Valued?
us.rd.yahoo.com - March 29 at 5:40 PM
americanbankingnews.com logoFirstEnergy Corp. (FE) Downgraded by Vetr Inc.
www.americanbankingnews.com - March 26 at 11:10 AM
americanbankingnews.com logoFirstEnergy Corp. (FE) Stock Rating Upgraded by Goldman Sachs Group Inc
www.americanbankingnews.com - March 23 at 6:25 PM
bizjournals.com logoOhio K-12 schools, FirstEnergy Solutions drop fight over polar vortex charges
www.bizjournals.com - March 23 at 5:40 PM
nasdaq.com logoDaily Dividend Report: USB, FE, CUZ, WDFC, BKE, RSO - Presented by: The Aol. On Network
www.nasdaq.com - March 21 at 5:21 PM
finance.yahoo.com logoFirstEnergy Corp. Declares Unchanged Common Stock Dividend
finance.yahoo.com - March 21 at 5:21 PM
americanbankingnews.com logoFirstEnergy Corp. Announces Quarterly Dividend of $0.36 (FE)
www.americanbankingnews.com - March 21 at 2:52 PM
finance.yahoo.com logo$166 Million in Infrastructure Projects Planned in Mon Power Area During 2017 to Enhance Electric System
finance.yahoo.com - March 20 at 7:28 PM
bizjournals.com logoWhether to subsidize Ohio power companies will be key question for next 5 years, Senate president says
www.bizjournals.com - March 16 at 6:30 PM
bizjournals.com logoBeaver Valley Nuclear Power Plant meeting Monday
www.bizjournals.com - March 15 at 5:31 PM
finance.yahoo.com logoFirstEnergy Utilities Preparing for Winter Storm Expected to Impact Eastern U.S.
finance.yahoo.com - March 13 at 11:43 AM
finance.yahoo.com logoFirstEnergy Energizes New Transmission Line in Ashland County
finance.yahoo.com - March 10 at 6:19 PM
americanbankingnews.com logoFirstEnergy Corp. (FE) Receives Consensus Rating of “Hold” from Brokerages
www.americanbankingnews.com - March 9 at 1:51 PM
bizjournals.com logoFirstEnergy plans $235M in improvements in West Penn Power area
us.rd.yahoo.com - March 7 at 5:00 PM
finance.yahoo.com logo$245 Million to be Spent in 2017 in Met-Ed Service Area to Enhance Electric System
finance.yahoo.com - March 7 at 11:38 AM
finance.yahoo.com logo$367 Million to be Spent in 2017 in Penelec Service Area to Enhance Electric System
finance.yahoo.com - March 7 at 11:38 AM
finance.yahoo.com logo$235 Million in Infrastructure Projects Planned in West Penn Power Area During 2017 to Enhance Electric System
finance.yahoo.com - March 7 at 11:38 AM
finance.yahoo.com logo$128 Million to be Spent in 2017 in Penn Power Service Area to Strengthen Electric System
finance.yahoo.com - March 7 at 11:38 AM
finance.yahoo.com logoPotomac Edison Offers Connected Home Plan to Residential Customers in Maryland
finance.yahoo.com - March 7 at 11:38 AM
finance.yahoo.com logoPerry Nuclear Power Plant Begins Refueling and Maintenance Outage
finance.yahoo.com - March 6 at 9:44 AM
finance.yahoo.com logo$371 Million to be Spent in 2017 in Ohio Edison Service Area to Enhance Electric System
finance.yahoo.com - March 6 at 9:44 AM
finance.yahoo.com logo$135 Million in Infrastructure Projects Planned in Potomac Edison Area During 2017 to Enhance Electric System
finance.yahoo.com - March 6 at 9:44 AM
finance.yahoo.com logo$172 Million to be Spent in 2017 in The Illuminating Company Service Area to Strengthen Electric System
finance.yahoo.com - March 6 at 9:44 AM
finance.yahoo.com logo$359 Million to be Spent in 2017 in Jersey Central Power & Light Service Area to Strengthen Electric System
finance.yahoo.com - March 6 at 9:44 AM
nasdaq.com logoCould FirstEnergy (FE) be a Good Pick for Your Portfolio? - Nasdaq
www.nasdaq.com - March 3 at 4:12 AM
finance.yahoo.com logoCould FirstEnergy (FE) be a Good Pick for Your Portfolio?
finance.yahoo.com - March 2 at 5:28 PM
finance.yahoo.com logo$113 Million to be Spent in 2017 in Toledo Edison Service Area to Help Strengthen Electric System
finance.yahoo.com - March 2 at 5:28 PM
bizjournals.com logoOhio's utilities regulator narrowing its focus: 'We have our box ... and we need to stay in that box'
www.bizjournals.com - March 1 at 12:32 PM
finance.yahoo.com logoFirstEnergy Utilities Prepare for High Winds and Thunderstorms Forecast to Impact the Region Beginning This Evening
finance.yahoo.com - February 28 at 5:20 PM
finance.yahoo.com logoFIRSTENERGY CORP Financials
finance.yahoo.com - February 25 at 5:02 PM
nasdaq.com logoAgree To Purchase FirstEnergy Corp At $20, Earn 3% Using Options
www.nasdaq.com - February 24 at 6:24 PM
sg.finance.yahoo.com logoExplosives demolish Cleveland power plant in middle of night
us.rd.yahoo.com - February 24 at 6:24 PM
us.rd.yahoo.com logoFirstEnergy Completes Demolition of Lake Shore Power Station
us.rd.yahoo.com - February 24 at 6:24 PM
us.rd.yahoo.com logoBruce Mansfield Plant Expected to Restart Next Week
us.rd.yahoo.com - February 24 at 6:24 PM
streetinsider.com logoFirstEnergy Corp. (FE) PT Lowered to $32 at Jefferies Following 4Q - StreetInsider.com
www.streetinsider.com - February 24 at 11:23 AM
bizjournals.com logoFirstEnergy has no near-term plans to sell or deactivate plants
www.bizjournals.com - February 22 at 10:28 PM

Social

Frequently Asked Questions for FirstEnergy Corp. (NYSE:FE)

What is FirstEnergy Corp.'s stock symbol?

FirstEnergy Corp. trades on the New York Stock Exchange (NYSE) under the ticker symbol "FE."

How often does FirstEnergy Corp. pay dividends? What is the dividend yield for FirstEnergy Corp.?

FirstEnergy Corp. declared a quarterly dividend on Tuesday, March 21st. Stockholders of record on Friday, May 5th will be given a dividend of $0.36 per share on Thursday, June 1st. This represents a $1.44 annualized dividend and a dividend yield of 4.56%. The ex-dividend date is Wednesday, May 3rd.

How were FirstEnergy Corp.'s earnings last quarter?

FirstEnergy Corp. (NYSE:FE) posted its quarterly earnings data on Tuesday, February, 21st. The company reported $0.38 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.40 by $0.02. The business earned $3.40 billion during the quarter, compared to the consensus estimate of $3.82 billion. FirstEnergy Corp. had a positive return on equity of 10.06% and a negative net margin of 4.12%. The company's quarterly revenue was down 2.9% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.58 EPS.

When will FirstEnergy Corp. make its next earnings announcement?

FirstEnergy Corp. is scheduled to release their next quarterly earnings announcement on Monday, April, 24th 2017.

What guidance has FirstEnergy Corp. issued on next quarter's earnings?

FirstEnergy Corp. updated its FY17 earnings guidance on Tuesday, February, 21st. The company provided EPS guidance of $2.70 - $3.00 for the period, compared to the Thomson Reuters consensus EPS estimate of $2.67.

Where is FirstEnergy Corp.'s stock going? Where will FirstEnergy Corp.'s stock price be in 2017?

13 brokers have issued 1 year price objectives for FirstEnergy Corp.'s stock. Their predictions range from $31.00 to $41.00. On average, they anticipate FirstEnergy Corp.'s share price to reach $34.89 in the next twelve months.

What are analysts saying about FirstEnergy Corp. stock?

Here are some recent quotes from research analysts about FirstEnergy Corp. stock:

  • 1. Goldman Sachs Group Inc analysts commented, "Following significant underperformance, with FE ' versus the XLU ' down 10%/19%/27% over the last 6, 12 and 24 months, we upgrade FE to Buy given (1) an attractive relative valuation on a sum of the parts basis ' even after assuming a drag related to the non-regulated or competitive segment, and (2) potential positive catalysts which highlight the value of the core regulated segments. We recognize challenges exist for FE's merchant power segment. But with FE discussing restructuring options, based on EIX's experience in 2012-2014, we view a potential resolution as a positive catalyst, driving an SOTP implied total return of 14% vs. 2% for peers under coverage." (3/23/2017)
  • 2. Jefferies Group LLC analysts commented, "FE reported in-line quarterly estimates and, keeping with their plan to become a regulated utility, took a $9.2B charge associated with the write-down of their competitive assets. While we believe management will be successful in transitioning the company we struggle to see the stock achieving a "regulatedtype" valuation during this period and maintain our Hold rating." (2/23/2017)
  • 3. According to Zacks Investment Research, "FirstEnergy’s broadening regulated base and growth in transmission business are expected to boost earnings. FirstEnergy’s modernization drive will boost the company’s service reliability and lead to customer retention.This has led to its ambitious “Energizing the Future” plan aimed at upgrading and expanding its transmission capabilities. The company expects to generate positive cash flows through 2018. However, stringent regulatory norms and intensifying competition are some of the headwinds. A higher debt/capital ratio compared with peers and a negative outlook by rating agency may drive its cost of capital. The current rate of return from the company’s share is lower compared with the return from the broader industry in the last twelve months." (12/19/2016)
  • 4. Bank of America Corp analysts commented, "With new CEO Chuck Jones at the helm, the company appears poised to discuss initiatives that could reduce operating expenses," said the analysts, noting the company spends roughly $2.6 billion in fuel/commodity purchases, operating expenses and corporate spending.Related Link: Morgan Stanley Upgrades FirstEnergy To Overweight They believe FirstEnergy will aim to reduce this by roughly 5–10 percent over the next one to two years, with most of this from the competitive side."We find FirstEnergy's focus on balance sheet repair, deregulated stabilization, and regulated growth to be a welcome shift. Prior utilities shifting from deregulation (Dominion, Duke, AEP to name a few) have tended to see boosted relative valuations and improved financials since the last recession," (8/8/2016)

Are investors shorting FirstEnergy Corp.?

FirstEnergy Corp. saw a increase in short interest during the month of February. As of February 28th, there was short interest totalling 8,717,118 shares, an increase of 44.3% from the February 15th total of 6,042,942 shares. Based on an average trading volume of 5,250,842 shares, the short-interest ratio is presently 1.7 days.

Who owns FirstEnergy Corp. stock?

FirstEnergy Corp.'s stock is owned by a variety of of institutional and retail investors. Top institutional shareholders include State Street Corp (10.10%), AQR Capital Management LLC (2.04%), Renaissance Technologies LLC (1.58%), FMR LLC (1.32%), Franklin Resources Inc. (1.24%) and Thompson Siegel & Walmsley LLC (0.90%). Company insiders that own FirstEnergy Corp. stock include Anthony J Alexander, Charles D Lasky, Donald R Schneider and Steven E Strah.

Who sold FirstEnergy Corp. stock? Who is selling FirstEnergy Corp. stock?

FirstEnergy Corp.'s stock was sold by a variety of institutional investors in the last quarter, including AQR Capital Management LLC, Federated Investors Inc. PA, Janus Capital Management LLC, Hanlon Investment Management Inc., Allianz Asset Management AG, Opus Investment Management Inc., New York State Teachers Retirement System and Putnam Investments LLC. Company insiders that have sold FirstEnergy Corp. stock in the last year include Charles D Lasky and Donald R Schneider.

Who bought FirstEnergy Corp. stock? Who is buying FirstEnergy Corp. stock?

FirstEnergy Corp.'s stock was acquired by a variety of institutional investors in the last quarter, including State Street Corp, Thompson Siegel & Walmsley LLC, Numeric Investors LLC, DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main, Renaissance Technologies LLC, Asset Management One Co. Ltd., FMR LLC and Russell Investments Group Ltd..

How do I buy FirstEnergy Corp. stock?

Shares of FirstEnergy Corp. can be purchased through any online brokerage account. Popular online brokerages include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.

How much does a share of FirstEnergy Corp. stock cost?

One share of FirstEnergy Corp. stock can currently be purchased for approximately $31.57.

FirstEnergy Corp. (FE) Chart for Wednesday, March, 29, 2017

This page was last updated on 3/29/2017 by MarketBeat.com Staff