(FE) FirstEnergy - Overview

Sector: Utilities | Industry: Utilities - Regulated Electric | Exchange: NYSE (USA) | Market Cap: 29.139m USD | Total Return: 31.3% in 12m

Stock Electricity Generation, Transmission, Distribution
Total Rating 62
Risk 66
Buy Signal 0.05
Utilities - Regulated Electric -3.0
Electric Utilities -4.9
Market Cap: 29,139m
Avg Trading Vol: 209M USD
ATR: 2.14%
Peers RS (IBD): 63.3
Risk 5d forecast
Volatility16.3%
Rel. Tail Risk-1.72%
Reward TTM
Sharpe Ratio1.52
Alpha26.46
Character TTM
Beta0.064
Beta Downside0.046
Drawdowns 3y
Max DD20.48%
CAGR/Max DD0.63
EPS (Earnings per Share) EPS (Earnings per Share) of FE over the last years for every Quarter: "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": 0.52,
EPS CAGR: -3.74%
EPS Trend: 13.8%
Last SUE: -0.75
Qual. Beats: 0
Revenue Revenue of FE over the last years for every Quarter: 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: 3797,
Rev. CAGR: 6.59%
Rev. Trend: 73.2%
Last SUE: 4.00
Qual. Beats: 2
Description: FE FirstEnergy

FirstEnergy Corp. (NYSE: FE) is a regulated utility that generates, transmits, and distributes electricity across Ohio, Pennsylvania, New Jersey, West Virginia, Maryland, and New York, operating through Distribution, Integrated, and Stand-Alone Transmission segments. Its generation mix includes coal, nuclear, hydro, wind, and solar assets, and it maintains roughly 252,000 mi of distribution lines and 24,000 mi of transmission lines.

As of the latest Q4 2024 filing, FirstEnergy reported a regulated earnings per share (EPS) of $1.08, a dividend yield of ~3.5%, and a debt-to-equity ratio of 1.6, reflecting its capital-intensive infrastructure. The company’s rate base grew 4.2% YoY to $28.7 billion, driven by ongoing transmission upgrades and renewable-capacity expansions.

Key sector drivers include the U.S. push for grid modernization and renewable integration, which is prompting utilities to invest heavily in transmission upgrades-FirstEnergy’s 2024 capital budget allocated $1.9 billion to such projects. Additionally, regional regulatory decisions on clean-energy standards and the trajectory of interest rates continue to shape earnings stability for regulated utilities.

For a deeper dive into FirstEnergy’s valuation metrics, you might explore ValueRay’s analyst tools.

Headlines to Watch Out For
  • Regulatory rate case approvals impact distribution and transmission revenue
  • Weather patterns influence electricity demand and sales volume
  • Fuel costs for power generation affect profitability
  • Infrastructure investment drives transmission segment growth
Piotroski VR‑10 (Strict, 0-10) 4.0
Net Income: 1.02b TTM > 0 and > 6% of Revenue
FCF/TA: 0.05 > 0.02 and ΔFCF/TA 6.72 > 1.0
NWC/Revenue: -15.19% < 20% (prev -16.49%; Δ 1.30% < -1%)
CFO/TA 0.07 > 3% & CFO 3.70b > Net Income 1.02b
Net Debt (26.97b) to EBITDA (4.39b): 6.15 < 3
Current Ratio: 0.57 > 1.5 & < 3
Outstanding Shares: last quarter (578.0m) vs 12m ago 0.24% < -2%
Gross Margin: 54.77% > 18% (prev 0.68%; Δ 5.41k% > 0.5%)
Asset Turnover: 27.96% > 50% (prev 25.89%; Δ 2.07% > 0%)
Interest Coverage Ratio: 2.49 > 6 (EBITDA TTM 4.39b / Interest Expense TTM 1.14b)
Altman Z'' 0.09
A: -0.04 (Total Current Assets 2.98b - Total Current Liabilities 5.27b) / Total Assets 55.90b
B: 0.00 (Retained Earnings 35.0m / Total Assets 55.90b)
C: 0.05 (EBIT TTM 2.83b / Avg Total Assets 53.97b)
D: 0.00 (Book Value of Equity 79.0m / Total Liabilities 41.98b)
Altman-Z'' Score: 0.09 = B
Beneish M -2.83
DSRI: 0.98 (Receivables 2.02b/1.83b, Revenue 15.09b/13.47b)
GMI: 1.23 (GM 54.77% / 67.52%)
AQI: 0.94 (AQ_t 0.15 / AQ_t-1 0.16)
SGI: 1.12 (Revenue 15.09b / 13.47b)
TATA: -0.05 (NI 1.02b - CFO 3.70b) / TA 55.90b)
Beneish M-Score: -2.83 (Cap -4..+1) = A
What is the price of FE shares? As of April 02, 2026, the stock is trading at USD 50.66 with a total of 4,003,019 shares traded.
Over the past week, the price has changed by +2.91%, over one month by -0.04%, over three months by +13.67% and over the past year by +31.28%.
Is FE a buy, sell or hold? FirstEnergy has received a consensus analysts rating of 3.61. Therefor, it is recommend to hold FE.
  • StrongBuy: 4
  • Buy: 3
  • Hold: 11
  • Sell: 0
  • StrongSell: 0
What are the forecasts/targets for the FE price?
ISSUER TARGET UP/DOWN
Wallstreet Target Price 52.5 3.6%
Analysts Target Price 52.5 3.6%
FE Fundamental Data Overview as of 01 April 2026
P/E Trailing = 28.6477
P/E Forward = 17.762
P/S = 1.9555
P/B = 2.2424
P/EG = 1.479
Revenue TTM = 15.09b USD
EBIT TTM = 2.83b USD
EBITDA TTM = 4.39b USD
Long Term Debt = 25.51b USD (from longTermDebt, last quarter)
Short Term Debt = 1.11b USD (from shortTermDebt, last quarter)
Debt = 27.07b USD (from shortLongTermDebtTotal, last quarter)
Net Debt = 26.97b USD (from netDebt column, last quarter)
Enterprise Value = 56.15b USD (29.14b + Debt 27.07b - CCE 57.0m)
Interest Coverage Ratio = 2.49 (Ebit TTM 2.83b / Interest Expense TTM 1.14b)
EV/FCF = 22.16x (Enterprise Value 56.15b / FCF TTM 2.53b)
FCF Yield = 4.51% (FCF TTM 2.53b / Enterprise Value 56.15b)
FCF Margin = 16.79% (FCF TTM 2.53b / Revenue TTM 15.09b)
Net Margin = 6.76% (Net Income TTM 1.02b / Revenue TTM 15.09b)
Gross Margin = 54.77% ((Revenue TTM 15.09b - Cost of Revenue TTM 6.83b) / Revenue TTM)
Gross Margin QoQ = 25.68% (prev 60.34%)
Tobins Q-Ratio = 1.00 (Enterprise Value 56.15b / Total Assets 55.90b)
Interest Expense / Debt = 1.19% (Interest Expense 321.0m / Debt 27.07b)
Taxrate = 18.47% (288.0m / 1.56b)
NOPAT = 2.31b (EBIT 2.83b * (1 - 18.47%))
Current Ratio = 0.57 (Total Current Assets 2.98b / Total Current Liabilities 5.27b)
Debt / Equity = 2.16 (Debt 27.07b / totalStockholderEquity, last quarter 12.51b)
Debt / EBITDA = 6.15 (Net Debt 26.97b / EBITDA 4.39b)
Debt / FCF = 10.64 (Net Debt 26.97b / FCF TTM 2.53b)
Total Stockholder Equity = 12.68b (last 4 quarters mean from totalStockholderEquity)
RoA = 1.89% (Net Income 1.02b / Total Assets 55.90b)
RoE = 8.04% (Net Income TTM 1.02b / Total Stockholder Equity 12.68b)
RoCE = 7.42% (EBIT 2.83b / Capital Employed (Equity 12.68b + L.T.Debt 25.51b))
RoIC = 5.95% (NOPAT 2.31b / Invested Capital 38.84b)
WACC = 3.68% (E(29.14b)/V(56.21b) * Re(6.21%) + D(27.07b)/V(56.21b) * Rd(1.19%) * (1-Tc(0.18)))
Discount Rate = 6.21% (= CAPM, Blume Beta Adj.) -> floored to rf + 0.7*ERP = 7.92%
Shares Correlation 3-Years: 100.0 | Cagr: 0.32%
[DCF] Terminal Value 80.82% ; FCFF base≈2.53b ; Y1≈1.66b ; Y5≈760.8m
 [DCF] Fair Price = N/A (negative equity: EV 24.15b - Net Debt 26.97b = -2.82b; debt exceeds intrinsic value)
 EPS Correlation: 13.76 | EPS CAGR: -3.74% | SUE: -0.75 | # QB: 0
Revenue Correlation: 73.22 | Revenue CAGR: 6.59% | SUE: 4.0 | # QB: 2
EPS next Quarter (2026-06-30): EPS=0.55 | Chg7d=+0.000 | Chg30d=-0.016 | Revisions Net=-1 | Analysts=5
EPS current Year (2026-12-31): EPS=2.72 | Chg7d=-0.005 | Chg30d=+0.003 | Revisions Net=-3 | Growth EPS=+6.8% | Growth Revenue=-0.0%
EPS next Year (2027-12-31): EPS=2.94 | Chg7d=-0.005 | Chg30d=+0.003 | Revisions Net=-1 | Growth EPS=+8.0% | Growth Revenue=+4.4%
[Analyst] Revisions Ratio: -1.00 (0 Up / 1 Down within 30d for Next Quarter)
[Growth] Implied Growth Rate = 4.4% (Discount Rate 7.9% - Earnings Yield 3.5%)
[Growth] Growth Spread = +1.1% (Analyst 5.5% - Implied 4.4%)
Additional Sources for FE Stock Fund Manager Positions: Dataroma · Stockcircle