Last $34.24 USD
Change Today +0.25 / 0.74%
Volume 1.3M
FE On Other Exchanges
Symbol
Exchange
New York
Berlin
As of 8:04 PM 08/29/14 All times are local (Market data is delayed by at least 15 minutes).

firstenergy corp (FE) Snapshot

Open
$33.96
Previous Close
$33.99
Day High
$34.25
Day Low
$33.92
52 Week High
11/8/13 - $38.92
52 Week Low
08/5/14 - $29.98
Market Cap
14.4B
Average Volume 10 Days
1.9M
EPS TTM
$2.33
Shares Outstanding
420.3M
EX-Date
08/5/14
P/E TM
14.7x
Dividend
$1.44
Dividend Yield
4.76%
Current Stock Chart for FIRSTENERGY CORP (FE)

firstenergy corp (FE) Related Businessweek News

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firstenergy corp (FE) Details

FirstEnergy Corp., a diversified energy company, 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, nuclear, oil and natural gas, and wind and solar power generating facilities. The company also provides energy-related products and services to wholesale and retail customers. It operates an electric distribution system comprising 267,640 miles of overhead pole line and underground conduit carrying primary, secondary, and street lighting circuits, as well as owns substations with a total installed transformer capacity of approximately 148,828,225 kilovolt-amperes. The company distributes electricity through 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.

15,754 Employees
Last Reported Date: 02/27/14
Founded in 1996

firstenergy corp (FE) Top Compensated Officers

Chief Executive Officer, President, Executive...
Total Annual Compensation: $1.3M
Chief Financial Officer and Senior Vice Presi...
Total Annual Compensation: $494.7K
Executive Vice President, President of Firste...
Total Annual Compensation: $600.0K
President of FirstEnergy Generation and Presi...
Total Annual Compensation: $532.3K
Chief Legal Officer and Executive Vice Presid...
Total Annual Compensation: $685.0K
Compensation as of Fiscal Year 2013.

firstenergy corp (FE) Key Developments

FirstEnergy Corp. Presents at Goldman Sachs' Power, Utilities, MLP and Pipeline Conference, Aug-12-2014 09:30 AM

FirstEnergy Corp. Presents at Goldman Sachs' Power, Utilities, MLP and Pipeline Conference, Aug-12-2014 09:30 AM. Venue: Conrad Hotel, New York, New York, United States. Speakers: Charles E. Jones, Executive Vice President, President of Firstenergy Utilities and President of Ohio Edison Company.

FirstEnergy Corp. Reports Consolidated Earnings Results for the Second Quarter and Six Months of 2014; Reaffirms Earnings Guidance for the Full Year 2014

FirstEnergy Corp. reported consolidated earnings results for the second quarter and six months of 2014. On a GAAP basis, the company reported diluted earnings of $0.16 per share of common stock in the second quarter of 2014 on earnings of $64 million and revenue of nearly $3.5 billion. In the second quarter of 2013, the company reported a loss of $164 million, or $0.39 per share, with revenue of more than $3.5 billion. Non-GAAP operating earnings per share were $0.49 against $0.59 a year ago. For the six months, the company reported net income of $272 million, or $0.65 per basic and diluted share of common stock, on revenue of nearly $7.7 billion. This compares to net income of $32 million, or $0.08 per basic and diluted share of common stock, on revenue of more than $7.2 billion in the first six months of 2013. Non-GAAP operating earnings per share were $0.87 against $1.35 a year ago. For the full year 2014, the company reaffirms GAAP earnings per share to be $1.93 - $2.15. Non-GAAP operating earnings per share to be $2.40 - $2.60.

FirstEnergy Announces New Transmission Substations Work Underway in West Virginia

Construction is underway on a new FirstEnergy Corp. transmission substation in Doddridge County, West Virginia, to support the electric demands of the area's rapidly expanding Marcellus Shale gas industry and help enhance service reliability for Mon Power's customers in Doddridge and neighboring counties. As part of the construction process, crews recently completed the foundation work and erected steel structures at the new 11 acre substation site near Sherwood, W. Va. The $36 million project also includes a short transmission line to connect the new substation with an existing 138-kilovolt (kV) line located nearby. In addition to supporting the MarkWest Sherwood natural gas processing facility, the new substation and line will reinforce the regional transmission system and is also expected to benefit more than 6,000 Mon Power customers along the U.S. Route 50 corridor in Doddridge, Harrison and Ritchie counties. The new substation will be connected to MarkWest's Sherwood processing facility via two, four-mile transmission lines. The plant is a midstream processing facility that separates natural gas into dry and liquid components. The refinement and separation processes typically use large amounts of electricity. The new substation has been designed so that it can be expanded in the future to accommodate additional load growth at the MarkWest facility. The new substation is expected to be completed and operational in December 2014. Trans-Allegheny Interstate Line Company, a FirstEnergy transmission affiliate, will build and own the substation. Mon Power will own the short transmission line connecting to the existing 138-kV line, as well as some metering equipment inside the substation.

 

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Industry Analysis

FE

Industry Average

Valuation FE Industry Range
Price/Earnings 26.6x
Price/Sales 1.0x
Price/Book 1.1x
Price/Cash Flow 7.8x
TEV/Sales NM Not Meaningful
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