Latest revenue
$4.20B
as of 2026-03-31
Latest net income
$405.0M
as of 2026-03-31
Net margin
9.6%
as of 2026-03-31
Price · 5Y
Live market
delayed ≤15 min- Market cap
- $26.79B
- Enterprise value
- $54.80B
- P/E (trailing)
- 26.3×
- Forward P/E
- —
- P/B
- 2.12×
- Dividend yield
- 3.9%
- 52-wk high
- $52.34
- 52-wk low
- $39.27
- Beta
- —
- Shares out
- 578.4M
5-year trend
What this company does
FirstEnergy is a regulated electric utility holding company that delivers power to roughly six million customers across the Midwest and Mid-Atlantic. It earns revenue primarily through rate-regulated electricity transmission and distribution to homes and businesses in Ohio, Pennsylvania, New Jersey, West Virginia, and Maryland. Limited disclosure in this filing regarding current strategic developments.
Generated from FE's filing dated 2026-04-28
Key risks
- Filing only references prior 10-K risk factors (filed February 18, 2026); no new material risks disclosed for Q1 2026 to evaluate.
Generated from FE's filing dated 2026-04-28
Profitability
Operating margin
14.6%
17.1%Net margin
6.8%
6.9%Return on equity
8.2%
3.8%Return on assets
1.8%
2.9%Leverage
Debt / equity
3.47×
9.1%Long-term debt / equity
2.04×
12.9%Debt / assets
77.6%
2.0%Earnings tracker
| Quarter | Revenue | YoY | Net income | YoY | Net margin |
|---|---|---|---|---|---|
Q1 2026 2026-03-31 | $4.20B | +11.6% | $405.0M | +12.5% | 9.6% |
Q4 2025 2025-12-31 | $3.80B | +19.6% | $-49.0M | -118.8% | -1.3% |
Q3 2025 2025-09-30 | $4.15B | +11.2% | $441.0M | +5.3% | 10.6% |
Q2 2025 2025-06-30 | $3.38B | +3.0% | $268.0M | +495.6% | 7.9% |
Q1 2025 2025-03-31 | $3.77B | +14.5% | $360.0M | +42.3% | 9.6% |
Q4 2024 2024-12-31 | $3.18B | — | $261.0M | — | 8.2% |
Q3 2024 2024-09-30 | $3.73B | +6.9% | $419.0M | +4.8% | 11.2% |
Q2 2024 2024-06-30 | $3.28B | +9.1% | $45.0M | -80.9% | 1.4% |
Year-over-year change vs the same fiscal quarter one year prior. Revenue + net income sourced from SEC 10-Q / 10-K filings — no analyst-consensus dependency.
Industry trend
Electric Services · SIC 4911
Your notes
Keep private notes on FE — thesis, target price, catalysts to watch.
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Insider activity
Insider buying
$0
Insider selling
$2.0M
Net activity
−$2.0M
Distinct insiders
3
Open-market trades over the last 365 days.
Recent transactions
Source: SEC Form 4 filings. Officers, directors, and 10%+ owners must disclose share transactions within two business days. RSU grants and tax-withholding rows are excluded by default — compensation activity is not a trading signal.
Who owns FE
Institutional value
$16.76B
Total shares held
333.6M
Distinct holders
670
As of
2026-03-31
Filers with $100M+ AUM disclose holdings 45 days after quarter end.
Top institutional holders
| # | Manager | Shares | Value | QoQ change | Action |
|---|---|---|---|---|---|
| 1 | Capital World Investors | 77.7M | $3.93B | — | New |
| 2 | BlackRock, Inc. | 49.0M | $2.48B | — | New |
| 3 | VANGUARD CAPITAL MANAGEMENT LLC | 34.7M | $1.76B | — | New |
| 4 | VANGUARD PORTFOLIO MANAGEMENT LLC | 28.3M | $1.43B | — | New |
| 5 | Boston Partners | 17.6M | $892.8M | — | New |
| 6 | Invesco Ltd. | 12.0M | $606.8M | — | New |
| 7 | Allspring Global Investments Holdings, LLC | 10.0M | $508.2M | — | New |
| 8 | FEDERATED HERMES, INC. | 9.8M | $494.1M | — | New |
| 9 | JPMORGAN CHASE & CO | 5.2M | $263.5M | — | New |
| 10 | FRANKLIN RESOURCES INC | 4.9M | $245.8M | — | New |
| 11 | Legal & General Group Plc | 4.6M | $230.8M | — | New |
| 12 | Bank of New York Mellon Corp | 3.7M | $188.7M | — | New |
| 13 | UBS Group AG | 3.5M | $176.5M | — | New |
| 14 | VANGUARD FIDUCIARY TRUST CO | 3.0M | $149.6M | — | New |
| 15 | UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC | 2.7M | $134.8M | — | New |
| 16 | DIMENSIONAL FUND ADVISORS LP | 2.6M | $133.1M | — | New |
| 17 | FIRST TRUST ADVISORS LP | 2.6M | $131.5M | — | New |
| 18 | DEUTSCHE BANK AG\ | 2.6M | $130.5M | — | New |
| 19 | WELLS FARGO & COMPANY/MN | 2.6M | $129.6M | — | New |
| 20 | ENVESTNET ASSET MANAGEMENT INC | 2.0M | $100.4M | — | New |
Source: SEC Form 13F-HR. Positions aggregated across sub-managers within each firm. Options (puts/calls) excluded — common stock only.
Top questions investors are asking
- 1
With Q1 2026 revenue at $4.2B and 9.6% net margin, what specific rate case outcomes underpin your reaffirmed 2026 EPS guidance?
- 2
How much of the $26B capital plan through 2028 remains unfunded, and what equity issuance should shareholders model?
- 3
Given Ohio ESP V and Pennsylvania regulatory scrutiny, quantify potential disallowances on Grid Mod and transmission investments at risk.
Refreshed when FE files a new report · last from 2026-04-28