Last $31.21 USD
Change Today -0.44 / -1.39%
Volume 5.1M
FE On Other Exchanges
Symbol
Exchange
New York
Berlin
As of 8:04 PM 07/31/14 All times are local (Market data is delayed by at least 15 minutes).

firstenergy corp (FE) Snapshot

Open
$31.49
Previous Close
$31.65
Day High
$31.75
Day Low
$31.12
52 Week High
08/6/13 - $39.01
52 Week Low
02/5/14 - $30.10
Market Cap
13.1B
Average Volume 10 Days
3.9M
EPS TTM
$2.74
Shares Outstanding
419.9M
EX-Date
08/5/14
P/E TM
11.4x
Dividend
$1.44
Dividend Yield
5.83%
Current Stock Chart for FIRSTENERGY CORP (FE)

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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 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.

FirstEnergy Corp. Declares Quarterly Common Stock Dividend Payable on September 1, 2014

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 September 1, 2014, to shareholders of record at the close of business on August 7, 2014.

FirstEnergy Corp. Announces New Transmission Line and Substation in West Penn Power Area to Enhance Service Reliability

FirstEnergy Corp. announced that it has completed a new transmission line and substation in Armstrong County, Pennsylvania, to help enhance service reliability for West Penn Power customers in Allegheny, Armstrong, Butler and Westmoreland counties. As part of the $31 million project, a new 345-kilovolt (kV) substation was constructed next to the company’s deactivated Armstrong Power Plant. The major component of the construction process was the installation of a large transformer that converts the power from 345-kV to 138-kV as it moves along the transmission system. In addition, a new control room was built to house transmission controls that were previously located at the Armstrong Plant. Construction work also included adding four new circuit breakers to the existing substation located on plant property that will remain in operation. The project also included a new 1.6-mile section of 345-kV transmission line connecting the new substation with an existing transmission line running between Homer City and Handsome Lake. The new line was installed on 15 steel monopole structures. The new substation equipment and line are owned by Trans-Allegheny Interstate Line Company, a FirstEnergy transmission affiliate. The new substation and transmission line were authorized by PJM Interconnection, LLC (PJM).

 

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Industry Analysis

FE

Industry Average

Valuation FE Industry Range
Price/Earnings 43.5x
Price/Sales 0.9x
Price/Book 1.1x
Price/Cash Flow 8.3x
TEV/Sales NM Not Meaningful
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