(FE) FirstEnergy - Ratings and Ratios

Exchange: NYSE • Country: United States • Currency: USD • Type: Common Stock • ISIN: US3379321074

Electricity, Transmission, Distribution, Coal, Nuclear, Renewables

Stock: Electric Utilities
Age 28.2y
MCap 25,839m
Avg Vol 3.73M (167M USD)
Beta 0.096
Volatility 15.66%

EPS (Earnings per Share)

EPS (Earnings per Share) of FE over the last years for every Quarter: "2020-12": 0.32, "2021-03": 0.69, "2021-06": 0.59, "2021-09": 0.82, "2021-12": 0.51, "2022-03": 0.6, "2022-06": 0.53, "2022-09": 0.79, "2022-12": 0.5, "2023-03": 0.6, "2023-06": 0.47, "2023-09": 0.88, "2023-12": 0.62, "2024-03": 0.55, "2024-06": 0.56, "2024-09": 0.85, "2024-12": 0.67, "2025-03": 0.67, "2025-06": 0.52, "2025-09": 0.83, "2025-12": 0,
EPS CAGR: -47.24%
EPS Trend: -20.1%
Last SUE: -4.00
Qual. Beats: 0

Revenue

Revenue of FE over the last years for every Quarter: 2020-12: 2537, 2021-03: 2726, 2021-06: 2622, 2021-09: 3124, 2021-12: 2660, 2022-03: 2989, 2022-06: 2818, 2022-09: 3475, 2022-12: 3177, 2023-03: 3231, 2023-06: 3006, 2023-09: 3487, 2023-12: 3146, 2024-03: 3287, 2024-06: 3280, 2024-09: 3729, 2024-12: 3176, 2025-03: 3765, 2025-06: 3380, 2025-09: 4148, 2025-12: null,
Rev. CAGR: 12.58%
Rev. Trend: 75.6%
Last SUE: 1.50
Qual. Beats: 1

Dividends

Dividend Yield 4.09%
Yield on Cost 5y 8.72%
Yield CAGR 5y 3.06%
Payout Consistency 95.2%
Payout Ratio 66.2%
Risk via 5d forecast
Volatility 15.7%
Value at Risk 5%th 25.6%
Relative Tail Risk -0.75%
Reward TTM
Sharpe Ratio 0.93
Alpha 20.32
CAGR/Max DD 0.46
Character TTM
Hurst Exponent 0.570
Beta 0.096
Beta Downside 0.113
Drawdowns 3y
Max DD 20.48%
Mean DD 5.52%
Median DD 5.30%

Description: FE FirstEnergy December 17, 2025

FirstEnergy Corp. (NYSE: FE) is a regulated electric utility that generates, transmits, and distributes electricity across six states-Ohio, Pennsylvania, New Jersey, West Virginia, Maryland, and New York. The firm operates three business segments (Distribution, Integrated, and Stand-Alone Transmission) and owns a diversified generation fleet that includes coal, nuclear, hydro, wind, and solar assets, as well as 252,244 distribution miles and 24,143 transmission miles of overhead and underground lines.

Key recent metrics: FY 2023 reported revenue of roughly $9.8 billion and a regulated return on equity (ROE) of about 9 %, reflecting the typical utility earnings profile. The company’s earnings are highly sensitive to state-level rate cases and federal policy on carbon emissions, with the ongoing transition to renewable energy and FERC Order 2222 creating both head-room for new clean-energy contracts and potential compliance costs. Capital-intensive infrastructure upgrades-estimated at $1.2 billion over the next five years-are a primary driver of cash-flow needs and credit quality.

For a deeper, data-driven look at FirstEnergy’s valuation dynamics, you might explore the analytical tools available on ValueRay.

Piotroski VR‑10 (Strict, 0-10) 3.0

Net Income (1.33b TTM) > 0 and > 6% of Revenue (6% = 868.1m TTM)
FCFTA 0.04 (>2.0%) and ΔFCFTA 6.15pp (YES ≥ +1.0pp, WARN ≥ +0.5pp)
NWC/Revenue -9.83% (prev -17.89%; Δ 8.06pp) (YES ≤20% & Δ≤-1pp; WARN ≤25% & Δ≤0 oder ≤40% & Δ≤-3pp)
CFO/TA 0.06 (>3.0%) and CFO 3.61b > Net Income 1.33b (YES >=105%, WARN >=100%)
Net Debt (26.04b) to EBITDA (4.59b) ratio: 5.67 <= 3.0 (WARN <= 3.5)
Current Ratio 0.75 (target 1.5–3.0; WARN 1.2–<1.5 or >3.0–5.0; CFO/TA gate active)
Outstanding Shares last Quarter (580.0m) change vs 12m ago 0.52% (target <= -2.0% for YES)
Gross Margin 65.39% (prev 67.23%; Δ -1.84pp) >=18% & Δ>=+0.5pp (WARN >=15% & Δ>=0)
Asset Turnover 27.14% (prev 26.48%; Δ 0.65pp) >=50% & Δ>=+2pp (WARN >=35% & Δ>=0)
Interest Coverage Ratio 2.83 (EBITDA TTM 4.59b / Interest Expense TTM 1.06b) >= 6 (WARN >= 3)

Altman Z'' 0.24

(A) -0.03 = (Total Current Assets 4.21b - Total Current Liabilities 5.63b) / Total Assets 55.88b
(B) 0.01 = Retained Earnings (Balance) 340.0m / Total Assets 55.88b
(C) 0.06 = EBIT TTM 2.99b / Avg Total Assets 53.32b
(D) 0.01 = Book Value of Equity 384.0m / Total Liabilities 41.70b
Total Rating: 0.24 = (6.56 * A) + (3.26 * B) + (6.72 * C) + (1.05 * D)

ValueRay F-Score (Strict, 0-100) 61.92

1. Piotroski 3.0pt
2. FCF Yield 4.46%
3. FCF Margin 15.99%
4. Debt/Equity 2.15
5. Debt/Ebitda 5.67
6. ROIC - WACC (= 3.29)%
7. RoE 10.50%
8. Rev. Trend 75.57%
9. EPS Trend -20.09%

What is the price of FE shares?

As of January 18, 2026, the stock is trading at USD 47.34 with a total of 8,687,637 shares traded.
Over the past week, the price has changed by +6.02%, over one month by +7.52%, over three months by +2.17% and over the past year by +23.06%.

Is FE a buy, sell or hold?

FirstEnergy has received a consensus analysts rating of 3.61. Therefor, it is recommend to hold FE.
  • Strong Buy: 4
  • Buy: 3
  • Hold: 11
  • Sell: 0
  • Strong Sell: 0

What are the forecasts/targets for the FE price?

Issuer Target Up/Down from current
Wallstreet Target Price 50 5.6%
Analysts Target Price 50 5.6%
ValueRay Target Price 52.6 11.1%

FE Fundamental Data Overview January 14, 2026

P/E Trailing = 19.4478
P/E Forward = 16.2602
P/S = 1.8091
P/B = 2.0154
P/EG = 1.1375
Revenue TTM = 14.47b USD
EBIT TTM = 2.99b USD
EBITDA TTM = 4.59b USD
Long Term Debt = 25.51b USD (from longTermDebt, last quarter)
Short Term Debt = 1.96b USD (from shortTermDebt, last quarter)
Debt = 27.47b USD (from shortLongTermDebtTotal, last quarter)
Net Debt = 26.04b USD (from netDebt column, last quarter)
Enterprise Value = 51.90b USD (25.84b + Debt 27.47b - CCE 1.40b)
Interest Coverage Ratio = 2.83 (Ebit TTM 2.99b / Interest Expense TTM 1.06b)
EV/FCF = 22.43x (Enterprise Value 51.90b / FCF TTM 2.31b)
FCF Yield = 4.46% (FCF TTM 2.31b / Enterprise Value 51.90b)
FCF Margin = 15.99% (FCF TTM 2.31b / Revenue TTM 14.47b)
Net Margin = 9.19% (Net Income TTM 1.33b / Revenue TTM 14.47b)
Gross Margin = 65.39% ((Revenue TTM 14.47b - Cost of Revenue TTM 5.01b) / Revenue TTM)
Gross Margin QoQ = 60.34% (prev 66.83%)
Tobins Q-Ratio = 0.93 (Enterprise Value 51.90b / Total Assets 55.88b)
Interest Expense / Debt = 1.14% (Interest Expense 312.0m / Debt 27.47b)
Taxrate = 12.79% (78.0m / 610.0m)
NOPAT = 2.61b (EBIT 2.99b * (1 - 12.79%))
Current Ratio = 0.75 (Total Current Assets 4.21b / Total Current Liabilities 5.63b)
Debt / Equity = 2.15 (Debt 27.47b / totalStockholderEquity, last quarter 12.80b)
Debt / EBITDA = 5.67 (Net Debt 26.04b / EBITDA 4.59b)
Debt / FCF = 11.25 (Net Debt 26.04b / FCF TTM 2.31b)
Total Stockholder Equity = 12.67b (last 4 quarters mean from totalStockholderEquity)
RoA = 2.49% (Net Income 1.33b / Total Assets 55.88b)
RoE = 10.50% (Net Income TTM 1.33b / Total Stockholder Equity 12.67b)
RoCE = 7.84% (EBIT 2.99b / Capital Employed (Equity 12.67b + L.T.Debt 25.51b))
RoIC = 6.83% (NOPAT 2.61b / Invested Capital 38.19b)
WACC = 3.55% (E(25.84b)/V(53.31b) * Re(6.27%) + D(27.47b)/V(53.31b) * Rd(1.14%) * (1-Tc(0.13)))
Discount Rate = 6.27% (= CAPM, Blume Beta Adj.) -> floored to rf + 0.7*ERP = 7.95%
Shares Correlation 3-Years: 100.0 | Cagr: 0.49%
[DCF Debug] Terminal Value 80.82% ; FCFF base≈2.31b ; Y1≈1.52b ; Y5≈693.1m
Fair Price DCF = N/A (negative equity: EV 22.08b - Net Debt 26.04b = -3.96b; debt exceeds intrinsic value)
[DCF Warning] FCF declining rapidly (-40.0%), DCF may be unreliable
EPS Correlation: -20.09 | EPS CAGR: -47.24% | SUE: -4.0 | # QB: 0
Revenue Correlation: 75.57 | Revenue CAGR: 12.58% | SUE: 1.50 | # QB: 1
EPS next Quarter (2026-03-31): EPS=0.73 | Chg30d=-0.005 | Revisions Net=+2 | Analysts=5
EPS next Year (2026-12-31): EPS=2.72 | Chg30d=-0.003 | Revisions Net=-2 | Growth EPS=+7.1% | Growth Revenue=+3.8%

Additional Sources for FE Stock

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