FirstEnergy Corp Rated Top in the Utilities-Regulated Electric Industry by InvestorsObserver
July 19, 2023
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FIRSTENERGY ($NYSE:FE): FirstEnergy Corp has been rated the top of its class in the Utilities – Regulated Electric Industry by InvestorsObserver. With a 50 rating, FirstEnergy Corp stands out amongst its peers and is seen as one of the most desirable stocks to invest in. FirstEnergy Corp is a diversified energy company based in Akron, Ohio. It is engaged in the generation, transmission, and distribution of electricity as well as the sale of energy related products and services to customers throughout the United States. FirstEnergy Corp is also involved in various non-utility activities, including energy efficiency, demand response, renewable energy, and distributed generation. Its portfolio of regulated utilities includes Ohio Edison, The Illuminating Company, Toledo Edison, Pennsylvania Electric Company, West Penn Power, and Met-Ed. FirstEnergy Corp is committed to providing reliable, efficient and cost-effective energy solutions for its customers.
The company works hard to provide innovative and customer-oriented services that are tailored to each region they serve. They are also dedicated to providing their customers with the safety and security that comes with reliable energy solutions and services. With a commitment to sustainability, the company is focused on improving the environment by reducing their carbon footprint and investing in renewable energy sources. InvestorsObserver’s 50 rating places FirstEnergy Corp amongst the leaders of the Utilities – Regulated Electric Industry and makes it one of the most attractive stocks for investors looking for reliable and cost-effective energy solutions. With its commitment to customer service and sustainability, FirstEnergy Corp is well-positioned to continue providing superior energy solutions for years to come.
Stock Price
The stock opened at $39.2 and closed at $38.8, down 1.0% from the previous closing price of $39.2. InvestorsObserver gave FIRSTENERGY CORP the highest score among all utilities-regulated electric stocks, based on their technical analysis of the company’s current performance. This included factors such as FIRSTENERGY CORP’s recent price movement, volatility, market range, and liquidity. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Firstenergy Corp. More…
| Total Revenues | Net Income | Net Margin |
| 12.7k | 410 | 3.9% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Firstenergy Corp. More…
| Operations | Investing | Financing |
| 2.22k | -3.2k | 880 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Firstenergy Corp. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 46.48k | 35.75k | 17.9 |
Key Ratios Snapshot
Some of the financial key ratios for Firstenergy Corp are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 5.4% | 14.5% | 19.0% |
| FCF Margin | ROE | ROA |
| -5.1% | 14.7% | 3.2% |
Analysis
At GoodWhale, we recently conducted an analysis of the fundamentals for FIRSTENERGY CORP. Based on our Risk Rating, FIRSTENERGY CORP is a medium risk investment in terms of both financial and business aspects. However, we have detected 2 risk warnings in the income sheet and cashflow statement for this company. If you’d like to find out more about these warnings and their potential impacts, you can register on goodwhale.com to get full access to our analysis. More…
Peers
FirstEnergy Corp is an electric utility company that serves customers in the Mid-Atlantic and Midwest United States. The company’s competitors include Fortis Inc, CenterPoint Energy Inc, and American Electric Power Co Inc.
– Fortis Inc ($TSX:FTS)
Fortis Inc. is a large holding company that owns several utilities companies across North America. It has a market cap of $24.59 billion as of 2022 and a return on equity of 8.51%. The company’s businesses include electricity generation, transmission and distribution, natural gas distribution, and power marketing. Fortis also owns a small but growing renewable energy business.
– CenterPoint Energy Inc ($NYSE:CNP)
CenterPoint Energy Inc is an energy delivery company. The Company operates in three segments: Electric Transmission & Distribution, Natural Gas Distribution and Pipeline & Field Services. It also provides other services to utilities and energy facilities.
– American Electric Power Co Inc ($NASDAQ:AEP)
American Electric Power Company, Inc. (AEP) is a public utility holding company that engages in the generation, transmission, and distribution of electricity in the United States. It is one of the largest electric utilities in the United States with more than 5 million customers. The company has a market capitalization of $44.13 billion as of 2022 and a return on equity of 10.57%. AEP’s operations are conducted through its subsidiaries, which include Appalachian Power Company, AEP Ohio, Indiana Michigan Power Company, Columbus Southern Power Company, and AEP Texas. The company generates electricity from coal, natural gas, nuclear, and renewable sources.
Summary
FirstEnergy Corp is a leader in the regulated electric utilities industry. Its stock has been rated highly by InvestorsObserver, with a 50 rating score, indicating that it is near the top of the market. Analysts have found that the company has a robust balance sheet with low debt levels and a healthy current ratio. Its stock price has remained relatively stable over the past few years.
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