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Last $35.49 USD
Change Today -0.61 / -1.69%
Volume 2.9M
FE On Other Exchanges
Symbol
Exchange
New York
Berlin
As of 4:15 PM 04/21/15 All times are local (Market data is delayed by at least 15 minutes).

firstenergy corp (FE) Snapshot

Open
$36.16
Previous Close
$36.10
Day High
$36.45
Day Low
$35.19
52 Week High
01/22/15 - $41.68
52 Week Low
08/5/14 - $29.98
Market Cap
15.0B
Average Volume 10 Days
2.8M
EPS TTM
$2.35
Shares Outstanding
422.0M
EX-Date
05/5/15
P/E TM
15.1x
Dividend
$1.44
Dividend Yield
4.06%
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
Executive Chairman
Total Annual Compensation: $1.3M
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 to Close Three Coal-Burning Power Plants

FirstEnergy announced that it will close three coal-burning power plants on April 15, 2015 as part of a company plan to comply with the U.S. Environmental Protection Agency regulations on emissions of mercury and other air pollutants. Affected employees will be offered other jobs.

FirstEnergy Corp. to Enhance Electricity Service in Met-Ed 15-County Service Area

FirstEnergy Corp. has announced that it has scheduled more than 35 distribution and transmission infrastructure projects and other work in 2015 to reportedly enhance service reliability in Metropolitan Edison Company's, or Met-Ed's, 15-county service area. Scheduled projects in the Met-Ed service area in 2015 include upgrading substations in the Easton/Stroudsburg, Lebanon, Reading and York areas by installing or enhancing circuit breakers, switches and other equipment, along with inspecting transformers. Scheduled projects in the Met-Ed service area in 2015 also include installing new sectionalizing equipment, such as fuses and devices that reset automatically, to help reduce the number of outages across the entire Met-Ed service territory. Scheduled projects in the Met-Ed service area in 2015 also include installing capacitor banks and other equipment in the York, Reading, and Easton areas to help maintain proper voltage levels. This is expected to benefit Met-Ed's industrial and large commercial customers that operate large motors and other sensitive machinery. Capacitor banks help maintain proper voltages during periods of high demand. Scheduled projects in the Met-Ed service area in 2015 also include inspecting and replacing utility poles and overhead equipment. This inspection process is conducted on a 12-year cycle. Inspections began in January, with replacement work scheduled to be completed throughout the fall. Scheduled projects in the Met-Ed service area in 2015 also include repairing and replacing underground equipment throughout Met-Ed territory.

FirstEnergy Corp. Unveils Infrastructure Projects in Penelec's 31-County Area

FirstEnergy Corp. has announced that it has scheduled more than 60 distribution and transmission infrastructure projects and other work in 2015 designed to enhance service reliability in Pennsylvania Electric Company's, or Penelec's, 31-county service area. The scheduled projects in the Penelec service area for 2015 include upgrading substations in Altoona, Bradford, Clearfield, Erie, Huntingdon, Indiana, Johnstown, Mainesburg, Meshoppen and Towanda to help enhance customer reliability. These upgrades include adding new circuit breakers, switches and other equipment. The scheduled projects in the Penelec service area for 2015 also include inspecting and upgrading existing electrical circuits, including installing new wire, cable and fuses to help enhance customer service reliability throughout the Penelec service area; and inspecting, repairing, and replacing, as needed, streetlights throughout the Penelec service territory. The scheduled projects in the Penelec service area for 2015 also include installing radio-controlled switches that can be operated remotely from the company dispatch center in Erie, Pa., to help restore power more quickly and efficiently. The scheduled projects in the Penelec service area for 2015 also include installing equipment designed to help maintain proper voltage levels. This is expected to benefit Penelec's industrial and large commercial customers that operate large motors and other sensitive machinery. Capacitor banks are used to help maintain proper voltage levels during periods of high demand - most notably during summer months. Capacitor banks are scheduled to be installed in numerous locations throughout Penelec's service area. The scheduled projects in the Penelec service area for 2015 also include inspecting about 41,000 utility poles and making replacements, as needed. This inspection process is conducted on a 12-year cycle. Inspections began in January, with replacement work scheduled to be completed throughout the fall.

 

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Industry Analysis

FE

Industry Average

Valuation FE Industry Range
Price/Earnings 71.4x
Price/Sales 1.0x
Price/Book 1.2x
Price/Cash Flow 10.0x
TEV/Sales NM Not Meaningful
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