Firstenergy Corp (FE)
Utilities · Electric Utilities · US stock · S&P 500 component
$46.19
▲ +0.64 (1.41%)
Fair valueFair
$44 −4.8% to fair value
$22fair band $31–$57$66
Day's range
$45.47 – $46.36
52-week range
$42.60 – $51.30
About Firstenergy Corp
FirstEnergy is an electric utility holding company whose regulated subsidiaries deliver power to homes, businesses and industrial customers across parts of the Midwest and Mid-Atlantic regions of the United States. Its operations are centred on local distribution networks and high-voltage transmission lines. The rates it may charge for these delivery services are set by state and federal regulators, so the business is closely tied to the regulatory process.
Revenue comes mainly from regulated charges for delivering electricity to customers, along with transmission fees. The last twelve months produced $15.5 billion, and revenue has grown at 6.6% a year across the last three years. The operating margin is 14.7%, and the business earns a profit of 5% on the capital invested in it. It carries net debt of 12.3 times EBITDA. A dividend is paid, with a yield of 3.9%. On the site's X-Ray Score it receives 46 out of 100.
Written with AI from public information and the filing figures on this page, then checked automatically for unsupported numbers. It can contain mistakes: read the company's own filings below before relying on it.
Price chart
52-wk range $42.60 – $51.30Volume 4,470,000Daily, split-adjusted
Vitals
Market cap$26.8B
52-week range$42.60 – $51.30
Volume (last day)4,470,000
P/E (TTM)25.1
EBIT / EV yield4.1%
Free-cash-flow yield-6.5%
Dividend yield3.9%
Revenue (TTM)$15.5B
Net income (TTM)$1.1B
Operating margin14.7%
Return on capital4.6%
Debt incl. leases$28.1B
Cash & securities$52M
Debt = borrowings plus lease liabilities. Cash & securities = cash, equivalents and short-term marketable securities (long-term securities are not counted, so net cash can be understated for companies like Apple). Net debt = debt minus cash & securities. Source: latest SEC 10-Q/10-K. EBIT / EV yield = operating profit divided by market cap plus net debt.
Fair value estimate
$44model spread $36 – $44
Fair
−4.8% to fair value
Equal blend of three models: peer multiples, a fundamentals-adjusted multiple (growth, ROIC and margin) and a 10-year DCF scaled to the market's average. Earnings-power value (no growth) is a floor and not part of the blend. Model uncertainty is Medium, so the safety margin is 30%.
Terminal value >80% of DCF: lower confidence
Price $46
Undervalued < $31Fair $31 – $57Overvalued > $57
10-year DCF (market-scaled)
$-2
Peer multiples
$39
Earnings power floor (not blended)
$2
Fundamentals-adjusted multiple
$49
Growth the price implies
16.1%/yr
A model estimate, not a price target or recommendation. Inputs: risk-free 5.09%, equity risk premium 4.23% (Damodaran). How it works.
What this means
Weak business, fairly priced
The price sits inside our fair-value band. A high score does not guarantee a good outcome; it shifts the odds a little. Use the checklist as a prompt for your own research.
Before you invest · decision checklist
Ticked boxes are filled in from our data; the rest are yours to answer.
The five-lens scan
Every score explained in one sentence, ranked against Utilities peers. Open a lens to see the numbers behind it.
Valuation
Weak
39/100
Expensive against its sector on earnings and cash flow.
See the numbers →
EBIT / EV yield4.1%
Free-cash-flow yield-6.5%
Fair value vs price1.0×
Growth
Strong
83/100
Growing faster than most of its sector.
See the numbers →
Revenue growth (3y)6.6%
EPS growth (3y)35.3%
Growth consistency90%
Profitability
Weak
44/100
Earns lower returns on its capital than most peers.
See the numbers →
Return on invested capital4.6%
Operating margin14.7%
Financial health
Weak
14/100
Balance sheet is more stretched than most peers.
See the numbers →
Piotroski F-Score5 / 9
Net debt / EBITDA12.3×
Interest cover1.8×
Dividends
Fair
60/100
Dividend is typical for its sector.
See the numbers →
Dividend yield3.9%
Dividend growth4.5%
Quarterly results: last 6 quarters
+1.0%
Dec '24
+14.5%
Mar '25
+3.0%
Jun '25
+11.2%
Sep '25
+19.6%
Dec '25
+11.6%
Mar '26
Revenue against the same quarter a year earlier. Latest quarter revenue $4.2B, diluted EPS $0.70.
Compare with peers
EIX Edison International71 EXC Exelon Corp66 ES Eversource Energy66 AEP American Electric Powe...63Other Electric Utilities companies by X-Ray Score.
Fundamentals checklist
● 4 Good · ● 1 Average · ● 9 BadCash quality
Earnings backed by cashGood
Free-cash-flow yieldBad
Risk models
Altman Z''Bad
Piotroski F-ScoreBad
Growth
EPS growth (3y)Good
Revenue growth (3y)Good
Growth consistencyGood
Balance sheet
Current ratioBad
Net debt / EBITDABad
Interest coverBad
Valuation
Fair value vs priceAverage
EBIT / EV yieldBad
Profitability
Return on invested capitalBad
Operating marginBad
Each check is graded against the company's sector, not a fixed number. Checklist score 39/100.
Financials
| FY21 | FY22 | FY23 | FY24 | FY25 | |
|---|---|---|---|---|---|
| Revenue | $11.1B | $12.5B | $12.9B | $13.5B | $15.1B |
| Operating income | $1.7B | $1.9B | $2.3B | $2.4B | $2.2B |
| Net income | $1.3B | $406M | $1.1B | $978M | $1.0B |
| Operating cash flow | $2.8B | $2.7B | $1.4B | $2.9B | $3.7B |
| Operating margin | 15.5% | 15.3% | 17.6% | 17.6% | 14.6% |
| Free cash flow | $324M | −$165M | −$2.0B | −$1.1B | −$1.0B |
| Diluted EPS | $2.35 | $0.71 | $1.92 | $1.70 | $1.76 |
Fiscal years, from SEC filings.
Technical summary
Daily
Bullish
10 bullish · 1 neutral · 5 bearish
Weekly
Bullish
7 bullish · 1 neutral · 4 bearish
Monthly
Strongly bullish
6 bullish · 1 neutral · 1 bearish
Moving averages (daily)
| SMA 10 | 45.00 | Bullish |
| EMA 10 | 45.14 | Bullish |
| SMA 20 | 44.33 | Bullish |
| EMA 20 | 44.94 | Bullish |
| SMA 50 | 45.62 | Bullish |
| EMA 50 | 45.47 | Bullish |
| SMA 100 | 46.40 | Bearish |
| EMA 100 | 46.02 | Bullish |
| SMA 200 | 46.83 | Bearish |
| EMA 200 | 45.84 | Bullish |
Oscillators (daily)
| RSI (14) | 64.22 | Neutral |
| MACD (12, 26) | 0.04 | Bullish |
| Momentum (12) | 6.60 | Bullish |
| Stochastic %K (14) | 95.34 | Bearish |
| Williams %R (14) | -4.66 | Bearish |
| CCI (20) | 135.3 | Bearish |
Pivot points (classic, last session)
S3 44.76 | S2 45.12 | S1 45.65 | Pivot 46.01 | R1 46.54 | R2 46.90 | R3 47.43 |
Signals describe what the chart is doing, not what to do. Moving averages: price above the average is bullish. Oscillators use the usual thresholds (RSI 30/70, Stochastic 20/80, CCI ±100, Williams %R −80/−20; MACD and momentum above zero are bullish). Weekly and monthly views use closing prices only.
Dividends
Paid, last 12 months
1.82 USD
Yield on today's price
3.94%
Frequency
Quarterly
Next ex-dividend date
6 Nov 2026
| Ex-dividend date | Amount per share |
|---|---|
| 6 Nov 2026 (upcoming) | 0.4650 |
| 7 Aug 2026 | 0.4650 |
| 7 May 2026 | 0.4650 |
| 6 Feb 2026 | 0.4450 |
| 7 Nov 2025 | 0.4450 |
| 7 Aug 2025 | 0.4450 |
| 7 May 2025 | 0.4450 |
| 7 Feb 2025 | 0.4250 |
| 7 Nov 2024 | 0.4250 |
| 7 Aug 2024 | 0.4250 |
| 6 May 2024 | 0.4250 |
| 6 Feb 2024 | 0.4100 |
Ex-dividend dates and amounts from EODHD. Shown as declared, before tax.
FE SEC filings
28 Jul 2026
10-QSEC EDGAR
Quarterly report
28 Jul 2026
8-KSEC EDGAR
Results of operations; Regulation FD disclosure
1 Jun 2026
8-KSEC EDGAR
Regulation FD disclosure
20 May 2026
8-KSEC EDGAR
Entered a material agreement; Shareholder vote results
28 Apr 2026
10-QSEC EDGAR
Quarterly report
28 Apr 2026
8-KSEC EDGAR
Results of operations; Regulation FD disclosure
1 Apr 2026
DEF 14ASEC EDGAR
Proxy statement
18 Feb 2026
10-KSEC EDGAR
Annual report
Where the numbers come from
Statements SEC EDGAR filings (10-K, 10-Q), quarters derived from year-to-date figures.
Prices end-of-day closes, split-adjusted.
Industry inputs beta, multiples and equity risk premium from Damodaran Online (NYU Stern).
StocksXray is for education only and is not financial advice. Scores and fair values are model estimates from public filings and carry uncertainty.