FirstEnergy (FE) stock
Utilities · Electric Utilities
FirstEnergy (FE) is an Electric Utilities company in the Utilities sector, headquartered in Akron, Ohio. As of October 23, 2026, FE closed at $46.15, a market capitalization of $26.70 billion, the 346th largest company in the S&P 500. Over the last twelve months it generated $15.64 billion in revenue (+9% year over year) and -$1.95 billion in free cash flow. The stock trades at 24.7x trailing earnings and 15.7x forward earnings.
- 1-year total return: +3.2% (dividends reinvested)
- 5-year return: +8.4% a year
- 52-week range: $42.67 – $52.34
- Gross margin 68.6%, operating margin 19.3%
- Dividend yield: 4.03%, 3 straight years of increases
- FI Handbook report card: C across 10 metrics
- 21st largest of 31 Utilities stocks in the S&P 500
FE price chart
1Y price change: -0.8% (price only; total returns below include dividends)
| Total return | 1M | YTD | 1Y | 3Y | 5Y | 10Y | MAX |
|---|---|---|---|---|---|---|---|
| FE | +5.7% | +6.2% | +3.2% | +14.3% | +8.4% | +7.7% | +6.8% |
Dividends reinvested. 3Y and longer are annualized; MAX is annualized since 1997.
FE key statistics
- Market cap
- $26.7B
- #346 in S&P 500
- P/E (TTM)
- 24.7x
- Forward P/E
- 15.7x
- EPS (TTM)
- $1.87
- Revenue (TTM)
- $15.6B
- +9%
- Free cash flow
- -$2.0B
- Gross margin
- 68.6%
- Operating margin
- 19.3%
- Return on equity
- 9.5%
- Dividend yield
- 4.03%
- 52-week range
- $42.67 – $52.34
- Beta
- 0.42
- Price / sales
- 1.7x
- EV / EBITDA
- 10.5x
- Debt / equity
- 2.01x
- Employees
- 11,186
FE report card
CTen fundamentals graded A to F against fixed thresholds. Not a buy or sell rating.
- Revenue growth8.8%C
- Gross margin68.6%A
- Operating margin19.3%C
- FCF margin-12.5%F
- Return on equity9.5%D
- Net debt / EBITDA5.3xF
- Forward P/E15.7xB
- PEG ratio1.5xB
- Shareholder yield4.0%B
- Share count change / yr1.3%D
FirstEnergy financials
Revenue went from $10.7B in fiscal 2016 to $15.1B in fiscal 2025, growing 3.9% a year.
| Fiscal year | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $10.7B | $10.9B | $10.9B | $10.8B | $10.7B | $11.1B | $12.5B | $12.9B | $13.5B | $15.1B |
| Operating income | $2.1B | $2.4B | $2.5B | $2.5B | $2.2B | $1.7B | $1.9B | $2.3B | $2.4B | $2.2B |
| Net income | -$6.2B | -$1.7B | $1.3B | $912.0M | $1.1B | $1.3B | $406.0M | $1.1B | $978.0M | $1.0B |
| EPS (diluted) | $-14.49 | $-3.88 | $1.99 | $1.68 | $1.99 | $2.35 | $0.71 | $1.92 | $1.70 | $1.76 |
| Free cash flow | $548.0M | $1.2B | -$1.3B | -$198.0M | -$1.2B | $324.0M | -$165.0M | -$2.0B | -$1.1B | -$1.0B |
| Dividends paid | $611.0M | $639.0M | $711.0M | $814.0M | $845.0M | $849.0M | $891.0M | $906.0M | $970.0M | $1.0B |
| Diluted shares | 426.0M | 444.0M | 494.0M | 542.0M | 543.0M | 546.0M | 572.0M | 574.0M | 577.0M | 578.0M |
Source: SEC filings (10-K XBRL). EPS and share counts are split-adjusted.
What's priced into FE?
A reverse DCF asks what growth the current price requires. With an enterprise value of $55.6B and -$2.0B of trailing free cash flow, FirstEnergy needs to grow free cash flow at a rate outside our model for ten years (fading to 3.0% terminal growth) to earn a 10% annual return.
P/E ratio history
Current 26.2x vs. median 20.7x (10th–90th percentile 12.8x–44.1x).
A model, not a forecast or advice. Small changes in assumptions move the answer a lot.
FE dividend
- Dividend yield
- 4.03%
- Annual dividend
- $1.86
- Years of increases
- 3
- 5-yr dividend growth
- 2.4%
- per year
- Payout ratio
- 96%
- Payments per year
- 4
Regular dividends per share by calendar year; special dividends excluded. Current year omitted until complete.
FE analyst price targets
13 analysts' average 12-month target is $50.54 (+10% vs. $46.15). Targets range from $46.00 to $56.00. 59% rate it a buy.
FE earnings
Next report: October 27, 2026. Last quarter's revenue was $3.7B (+9% year over year).
| Report date | EPS estimate | EPS actual | Surprise |
|---|---|---|---|
| Jul 28, 2026 | $0.50 | $0.50 | -0.5% |
| Apr 28, 2026 | $0.72 | $0.72 | +0.6% |
| Feb 17, 2026 | $0.53 | $0.53 | -0.9% |
| Oct 22, 2025 | $0.77 | $0.83 | +7.5% |
| Jul 30, 2025 | $0.49 | $0.52 | +6.9% |
| Apr 23, 2025 | $0.59 | $0.67 | +13.1% |
| Feb 26, 2025 | $0.69 | $0.67 | -2.8% |
| Oct 29, 2024 | $0.90 | $0.85 | -6.0% |
Stocks like FE
| Name | Today | 1Y | Mkt cap | P/E | |
|---|---|---|---|---|---|
 SO Southern | -0.99% | -0% | $106.9B | 22.4x | Compare |
 DUK Duke Energy Corporation (Holdin | -0.33% | +2% | $97.4B | 18.8x | Compare |
 CEG Constellation Energy Corporatio | -0.69% | -30% | $89.8B | 24.8x | Compare |
 AEP American Electric Power | -0.73% | +15% | $70.6B | 22.5x | Compare |
 ETR Entergy | -0.79% | +15% | $51.3B | 27.5x | Compare |
 VST Vistra | -0.48% | -26% | $47.0B | 23.6x | Compare |
 EXC Exelon | -0.94% | -3% | $45.8B | 16.3x | Compare |
 WEC WEC Energy | -0.95% | -1% | $36.2B | 21.6x | Compare |
FE news
- FirstEnergy (FE), Why Is Attention Building Now? · Oct 24, 2026
- FirstEnergy to Report Q3 Earnings: What to Expect From the Stock? · Oct 22, 2026
- FirstEnergy (FE) Earnings Expected to Grow: What to Know Ahead of Next Week's Release · Oct 20, 2026
- FirstEnergy Benefits From Data-Center Demand, Systematic Investment · Oct 19, 2026
- FirstEnergy Pennsylvania Electric Company Announces Extension of Exchange Offer for its 4.150% Senior Notes Due 2028 and 4.550% Senior Notes Due 2031 · Oct 19, 2026
FE stock FAQ
What is FE's market cap?
FirstEnergy's market capitalization is $26.70 billion as of October 23, 2026, ranking 346th in the S&P 500.
What is FE's P/E ratio?
FE trades at a trailing price-to-earnings ratio of 24.7x and a forward P/E of 15.7x. Its median P/E over the period we track is 20.7x.
Does FE pay a dividend?
Yes. FirstEnergy pays $1.86 per share a year, a 4.03% yield. It has raised its dividend 3 years in a row. Dividends grew 2.4% a year over the last five years.
How much has FE stock returned?
Including reinvested dividends, FE returned +3.2% over one year, +8.4% a year over five years, +7.7% a year over ten years through October 23, 2026.
What is the FE price target?
13 analysts cover FE with an average 12-month price target of $50.54, +10% from the current price. 59% of them rate it a buy.
When does FE report earnings?
FirstEnergy is expected to report earnings on October 27, 2026.
How many employees does FirstEnergy have?
FirstEnergy has about 11,186 full-time employees, or $1.4 million of revenue per employee.
Sources: SEC EDGAR filings, Yahoo Finance market data (delayed), FI Handbook calculations. Last close October 23, 2026. Methodology