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Last $33.96 USD
Change Today +1.00 / 3.03%
Volume 3.5M
FE On Other Exchanges
Symbol
Exchange
New York
Berlin
As of 8:04 PM 07/31/15 All times are local (Market data is delayed by at least 15 minutes).

firstenergy corp (FE) Snapshot

Open
$33.15
Previous Close
$32.96
Day High
$34.12
Day Low
$33.15
52 Week High
01/22/15 - $41.68
52 Week Low
08/5/14 - $29.98
Market Cap
14.3B
Average Volume 10 Days
2.5M
EPS TTM
$2.84
Shares Outstanding
422.5M
EX-Date
08/5/15
P/E TM
12.0x
Dividend
$1.44
Dividend Yield
4.24%
Current Stock Chart for FIRSTENERGY CORP (FE)

firstenergy corp (FE) Related Businessweek News

No Related Businessweek News Found

firstenergy corp (FE) Details

FirstEnergy Corp., through its subsidiaries, generates, transmits, and distributes electricity in the United States. The company operates through Regulated Distribution, Regulated Transmission, and Competitive Energy Services segments. It owns and operates fossil, coal-fired, nuclear, oil and natural gas, wind and solar power, and hydroelectric generating facilities. The company also provides energy-related products and services to wholesale and retail customers. The company’s electric distribution system comprises 267,880 miles of overhead pole line and underground conduit carrying primary, secondary, and street lighting circuits; and owns substations with a total installed transformer capacity of approximately 154,635,024 kilovolt-amperes. It serves approximately 13.5 million customers within 65,000 square miles in Ohio, Pennsylvania, West Virginia, Maryland, New Jersey, and New York. FirstEnergy Corp. was founded in 1996 and is based in Akron, Ohio.

15,557 Employees
Last Reported Date: 02/17/15
Founded in 1996

firstenergy corp (FE) Top Compensated Officers

Chief Executive Officer, President and Direct...
Total Annual Compensation: $607.2K
Chief Financial Officer and Senior Vice Presi...
Total Annual Compensation: $507.2K
President of Firstenergy Generation
Total Annual Compensation: $554.3K
Chief Legal Officer and Executive Vice Presid...
Total Annual Compensation: $690.8K
Compensation as of Fiscal Year 2014.

firstenergy corp (FE) Key Developments

FirstEnergy Corp. Reports Consolidated Earnings Results for the Second Quarter and Half Year Ended June 30, 2015; Re-Affirms Earnings Guidance for the Third Quarter and Full Year of 2015; Reports Impairment of Long-Lived Assets for the Second Quarter Ended June 30, 2015

FirstEnergy Corp. reported consolidated earnings results for the second quarter and half year ended June 30, 2015. For the quarter, the company announced GAAP earnings were $187 million, or $0.44 per basic and diluted share of common stock, on revenue of $3.5 billion.  For the second quarter of 2014, GAAP earnings were $64 million, or $0.16 per basic share of common stock ($0.15 diluted), on revenue of $3.5 billion. Operating (non-GAAP) earnings of $0.53 per basic share of common stock. These results exclude the impact of the special items listed below, and compare to 2014 second quarter operating (non-GAAP) earnings of $0.49 per basic share of common stock. Operating income was $554 million compared to $292 million a year ago. Income from continuing operations before income taxes was $302 million compared to $90 million a year ago. Income from continuing operations was $187 million compared to $64 million a year ago. Cash flows provided from operating activities was $797 million compared to $714 million a year ago. For the first half, the company’s operating (non-GAAP) earnings were $1.15 per basic share of common stock.  On a GAAP basis, the company reported earnings of $409 million, or $0.97 per basic and diluted share of common stock, on revenue of $7.4 billion for the period.  In the first half of 2014, operating (non-GAAP) earnings were $0.87 per basic share of common stock, and GAAP earnings were $272 million, or $0.65 per basic and diluted share of common stock, on revenue of $7.7 billion. Operating income was $1,148 million compared to $683 million a year ago. Income from continuing operations before income taxes was $668 million compared to $260 million a year ago. Income from continuing operations was $409 million compared to $186 million a year ago. Cash flows provided from operating activities was $990 million compared to $622 million a year ago. The company also reaffirmed its full-year 2015 operating (non-GAAP) earnings guidance of $2.40 to $2.70 per basic share. Based on results for the first half of the year and the projected savings from the cash flow improvement initiative, the company reaffirming 2015 adjusted EBITDA range for the competitive business of $875 million to $950 million and increasing 2016 adjusted EBITDA range to $825 million to $925 million from $750 million to $850 million. GAAP basic earnings per share to be in the range of $2.13 to $2.43. For the third quarter of 2015, the company provided operating earnings guidance range of $0.82 to $0.92 per basic share. GAAP basic earnings per share to be in the range of $0.76 to $0.92. The company reported impairment of long-lived assets for the second quarter ended June 30, 2015. For the quarter, the company reported impairments of long-lived assets of $16 million.

FirstEnergy Corp. Declares Quarterly Common Stock Dividend, Payable on September 1, 2015

The Board of Directors of FirstEnergy Corp. declared an unchanged quarterly dividend of 36 cents per share of outstanding common stock. The dividend will be payable on September 1, 2015, to shareholders of record at the close of business on August 7, 2015.

FirstEnergy Corp. Names Brett W. Reynolds as Vice President, FE Products, with Effective from August 1, 2015

FirstEnergy Corp. named Brett W. Reynolds as vice president, FE Products, effective August 1, 2015. Reynolds will oversee the newly formed FirstEnergy Products group and will report to Dennis M. Chack, senior vice president, Marketing and Branding. Reynolds will be responsible for planning, developing, and strategically implementing new value-added product and service offerings across a variety of customer segments and markets. He also will work to enhance the company's existing consumer product offerings, such as professional tree-trimming, landscape lighting and household electrical services. Prior to joining FirstEnergy, Reynolds spent more than 20 years in marketing and sales positions with the National Football League. In his most recent role as senior director, Corporate Sales, for the Cleveland Browns, Reynolds was responsible for acquiring new business partners, managing national accounts, and retaining and growing key corporate relationships.

 

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Industry Analysis

FE

Industry Average

Valuation FE Industry Range
Price/Earnings 31.9x
Price/Sales 1.0x
Price/Book 1.1x
Price/Cash Flow 8.2x
TEV/Sales NM Not Meaningful
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