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FirstEnergy Corporation (FE)



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Upturn Advisory Summary
07/08/2025: FE (1-star) is currently NOT-A-BUY. Pass it for now.
1 Year Target Price $44.77
1 Year Target Price $44.77
4 | Strong Buy |
3 | Buy |
11 | Hold |
0 | Sell |
0 | Strong Sell |
Analysis of Past Performance
Type Stock | Historic Profit -14.8% | Avg. Invested days 31 | Today’s Advisory PASS |
Upturn Star Rating ![]() ![]() | Upturn Advisory Performance ![]() | Stock Returns Performance ![]() |
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Key Highlights
Company Size Large-Cap Stock | Market Capitalization 23.02B USD | Price to earnings Ratio 21.19 | 1Y Target Price 44.77 |
Price to earnings Ratio 21.19 | 1Y Target Price 44.77 | ||
Volume (30-day avg) 18 | Beta 0.38 | 52 Weeks Range 37.00 - 43.59 | Updated Date 07/7/2025 |
52 Weeks Range 37.00 - 43.59 | Updated Date 07/7/2025 | ||
Dividends yield (FY) 4.42% | Basic EPS (TTM) 1.88 |
Analyzing Revenue: Products, Geography and Growth
Revenue by Products
Product revenue - Year on Year
Revenue by Geography
Earnings Date
Report Date - | When - | Estimate - | Actual - |
Profitability
Profit Margin 7.88% | Operating Margin (TTM) 20.74% |
Management Effectiveness
Return on Assets (TTM) 2.96% | Return on Equity (TTM) 9.27% |
Valuation
Trailing PE 21.19 | Forward PE 15.77 | Enterprise Value 47670991010 | Price to Sales(TTM) 1.67 |
Enterprise Value 47670991010 | Price to Sales(TTM) 1.67 | ||
Enterprise Value to Revenue 3.42 | Enterprise Value to EBITDA 10.96 | Shares Outstanding 577155968 | Shares Floating 546584278 |
Shares Outstanding 577155968 | Shares Floating 546584278 | ||
Percent Insiders 0.17 | Percent Institutions 90.4 |
Upturn AI SWOT
FirstEnergy Corporation

Company Overview
History and Background
FirstEnergy Corporation was founded in 1997 through the merger of Ohio Edison and Centerior Energy. It has evolved from a regional utility company to a larger, diversified energy provider, navigating industry deregulation and infrastructure investments.
Core Business Areas
- Regulated Distribution: Operates regulated electricity distribution companies serving residential, commercial, and industrial customers in Ohio, Pennsylvania, West Virginia, Maryland, and New Jersey.
- Regulated Transmission: Owns and operates a high-voltage transmission network connecting various electricity generation sources to distribution networks.
- Corporate: Includes corporate functions and other activities not directly attributable to the distribution and transmission segments.
Leadership and Structure
FirstEnergy Corporation is led by its Chief Executive Officer and a board of directors. The organizational structure is divided into operational segments (Distribution, Transmission) and functional departments (Finance, Legal, Human Resources).
Top Products and Market Share
Key Offerings
- Electricity Distribution: Provides electricity distribution services to over 6 million customers. Market share varies by region within its service territory. Competitors include other investor-owned utilities like American Electric Power (AEP) and Duquesne Light Holdings.
- Electricity Transmission: Operates transmission lines and infrastructure, providing a critical service to utilities and other energy providers. Market share based on transmission infrastructure within its service area. Competitors include PPL Corporation and Exelon (Constellation Energy).
Market Dynamics
Industry Overview
The electricity industry is undergoing significant changes, driven by renewable energy adoption, grid modernization, and increasing regulatory scrutiny. There is a rising demand for efficient and resilient energy infrastructure.
Positioning
FirstEnergy Corporation is a major player in the regulated utility sector, focused on electricity distribution and transmission. Its competitive advantages include its large customer base and extensive transmission network. However, regulatory challenges and environmental concerns pose risks.
Total Addressable Market (TAM)
The total US electricity market is estimated at over $400 billion annually. FirstEnergy Corporation's TAM corresponds to the electricity distribution and transmission services within its service territories, estimated at $15-20 billion. FirstEnergy is a significant player within this segment.
Upturn SWOT Analysis
Strengths
- Large customer base
- Extensive transmission network
- Regulated business model (provides stable revenue)
- Geographic diversity within service territory
- Investments in grid modernization
Weaknesses
- Legacy infrastructure requiring upgrades
- Exposure to regulatory risks
- Dependence on fossil fuels in the generation mix
- Past financial difficulties and restructuring
- High debt levels
Opportunities
- Expansion of renewable energy infrastructure
- Investments in smart grid technologies
- Growth in electric vehicle adoption
- Potential for acquisitions and strategic partnerships
- Government incentives for grid modernization
Threats
- Increasing regulatory scrutiny and compliance costs
- Fluctuations in energy prices
- Competition from alternative energy sources
- Cybersecurity threats to critical infrastructure
- Economic downturns affecting energy demand
Competitors and Market Share
Key Competitors
- AEP
- EXC
- DTE
Competitive Landscape
FirstEnergy's advantages include its extensive transmission network and large customer base. Disadvantages include legacy infrastructure and exposure to regulatory risks. Competitors like AEP and Exelon have larger market capitalization and diversified energy portfolios.
Major Acquisitions
Allegheny Energy
- Year: 2011
- Acquisition Price (USD millions): 4700
- Strategic Rationale: Expanded FirstEnergy's service territory into Maryland, Pennsylvania, and West Virginia.
Growth Trajectory and Initiatives
Historical Growth: FirstEnergy's historical growth has been influenced by acquisitions, infrastructure investments, and regulatory changes. Recent focus on grid modernization and renewable energy integration.
Future Projections: Future growth is expected to be driven by investments in renewable energy, grid modernization, and expansion of the transmission network. Analyst estimates vary based on regulatory outcomes and market conditions.
Recent Initiatives: Recent strategic initiatives include investments in smart grid technologies, renewable energy projects, and infrastructure upgrades to enhance reliability and resilience.
Summary
FirstEnergy is a major player in the regulated utility sector with a strong transmission network and substantial customer base. While it benefits from stable revenue streams, aging infrastructure and regulatory hurdles pose challenges. The company is focusing on grid modernization and renewable energy initiatives to drive future growth. Its financial performance and dividend reinstatement are key areas to monitor.
Peer Comparison
Sources and Disclaimers
Data Sources:
- FirstEnergy Corporation Investor Relations
- SEC Filings (10-K, 10-Q)
- Industry Reports
- Analyst Research Reports
Disclaimers:
This analysis is based on publicly available information and should not be considered financial advice. Market conditions and company performance can change. Please see a registered advisor for financial guidance.
AI Summarization is directionally correct and might not be accurate.
Summarized information shown could be a few years old and not current.
Fundamental Rating based on AI could be based on old data.
AI-generated summaries may have inaccuracies (hallucinations). Please verify the information before taking action.
About FirstEnergy Corporation
Exchange NYSE | Headquaters Akron, OH, United States | ||
IPO Launch date 1997-11-10 | CEO, President & Chair of the Board Mr. Brian X. Tierney | ||
Sector Utilities | Industry Utilities - Regulated Electric | Full time employees 12294 | Website https://www.firstenergycorp.com |
Full time employees 12294 | Website https://www.firstenergycorp.com |
FirstEnergy Corp., together with its subsidiaries, engages in the generation, distribution, and transmission of electricity in the United States. It operates through Distribution, Integrated, and Stand-Alone Transmission segments. The company owns and operates coal-fired, nuclear, hydroelectric, wind, and solar power generating facilities. It operates 252,244 distribution line miles and 24,143 transmission line miles, including overhead pole line and underground conduit carrying primary, secondary, and street lighting circuits. The company serves customers in Ohio, Pennsylvania, New Jersey, West Virginia, Maryland, and New York. FirstEnergy Corp. was incorporated in 1996 and is headquartered in Akron, Ohio.

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