FE Stock Snapshot Price, market cap, P/E, EPS, ROE, debt/equity, 52-week range

03
Price $43.34
Market Cap (MRQ) $25.08B
P/E (TTM) 23.1
EPS (TTM) $1.88
Revenue (TTM) $15.82B
Div Yield 4.1%
ROE (TTM) 8.4%
Debt/Equity (MRQ) 0.1
52W Range $43–$52

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About FirstEnergy Corp. Common Stock Company overview from Wikipedia

05 · wikidata

FirstEnergy Corp. is an American electric utility headquartered in Akron, Ohio. It was established when Ohio Edison merged with Centerior Energy in 1997.

Its subsidiaries and affiliates are involved in distributing, transmitting, and generating electricity, energy management, and other energy-related services. Its ten electric utility operating companies comprise one of the United States' largest investor-owned utilities, based on serving six million customers within a 65,000-square-mile (170,000 km2) area of Ohio, Pennsylvania, West Virginia, Virginia, Maryland, New Jersey, and New York. In 2018, FirstEnergy ranked 219 on the Fortune 500 list of the largest public corporations in the United States by revenue.

FirstEnergy has 3599.15 MW of energy generation capacity, with coal making up 99% of that capacity and solar power accounting for the remaining amount. While FirstEnergy co-owns the Bath County Pumped Storage Station, the reservoir does not generate power on its own and instead during times of low demand, power is taken from coal plants and used to pump water from the lower to the upper reservoir.

In 2020, FirstEnergy Corp. completed the separation of its competitive, commodity-exposed generation business—later organized as Energy Harbor (later acquired by Vistra Corp.)—to concentrate on its regulated utility operations. The move followed several years of restructuring, including the 2018 bankruptcy of its generation subsidiary.

History

Ohio Edison

Ohio Edison Company (formerly OEC on the NYSE) was a publicly traded holding company that began in 1930 with the consolidation of 200 electric companies. By 1950, it ended up with two utility operating companies, Pennsylvania Power and Ohio Edison. It continued in existence until 1997 when its merger with Centerior formed FirstEnergy.

Subsidiaries

In 1944, the Pennsylvania Power Company became a subsidiary of Ohio Edison and is now one of the ten operating utilities.

In 1950, the Ohio Edison Company merged with the Ohio Public Service Company, which continued to operate under its new name. It is now one of the ten FirstEnergy operating companies and the main power provider for northeastern Ohio outside of Cleveland.

Centerior

Centerior Energy Corporation (formerly CX on the NYSE) was formed in 1986 from the affiliation of two public utilities. Centerior was based in Independence, Ohio and existed as a publicly traded holding company for ten years until its merger with Ohio Edison formed FirstEnergy in 1997:

The Cleveland Electric Illuminating Company, commonly known as The Illuminating Company (known locally as CEI), was a publicly traded utility company through 1986 until it affiliated with Toledo Edison to come under the control of Centerior. Having been formed in 1929, by 1940 it had become one of ten major direct subsidiaries of North American Company, which in turn had been one of the original 12 stocks listed in the Dow Jones Industrial Average. In 1978, Cleveland Electric Illuminating Company sought to buy Muny Light when Cleveland defaulted because bank credit was not extended without sale of the city's power company. The Nuclear Regulatory Commission charged Cleveland Electric Illuminating with a series of antitrust violations. It is one of three power companies serving Greater Cleveland, the others being city-owned Cleveland Public Power and Painesville Municipal Electric.

Toledo Edison Company (formerly TED on the NYSE) was a publicly traded utility company, until it affiliated with The Illuminating Company to form Centerior in 1986. It is the main power provider for northwestern Ohio.

GPU

General Public Utilities (formerly GPU on the NYSE) was a publicly traded utility holding company in Parsippany, New Jersey. In 1996, the company was reorganized and renamed GPU, Inc. Also in 1996, it formed a new division, GPU Energy, which became the holding company for GPU's three utility operating companies:

Jersey Central Power and Light (JCP&L, serving most of central and northwestern New Jersey)

Pennsylvania Electric Company (Penelec, serving northern and central Pennsylvania)

Metropolitan Edison (Met-Ed, serving eastern and south-central Pennsylvania)

In 2001, FirstEnergy, with its four utility operating companies, merged with GPU, Inc., folding GPU's three additional operating companies into FirstEnergy.

Through the 2001 acquisition of GPU, FirstEnergy also acquired MYR Group (formerly MYR on the NYSE), a subsidiary that GPU had created as a publicly traded company in the 1996 reorganization. MYR Group's services included installing and maintaining utility power lines and cellular telephone communications towers.

GPU is best known as the former owner of the Three Mile Island nuclear plant. In 1989, Standley H. Hoch, a former executive with General Dynamics, became the CEO of GPU. Hoch had two main goals: cut costs and fight to repeal the Public Utility Holding Company Act of 1935, which made it difficult for utilities to operate across state lines.

Northeast blackout of 2003

On Thursday, August 14, 2003, a widespread power outage across the Northeast and Midwest of the United States, as well as Ontario, affected 55 million people and left them without power until it was fully restored on August 16. The outage was attributed mostly to FirstEnergy's failure to trim the trees around its high voltage lines in a certain sector of Ohio; heat and extreme power needs caused the lines to sag, coming into contact with the trees and causing flashover.

Allegheny Energy

Allegheny Energy was an electric utility serving customers in Pennsylvania, West Virginia, Virginia, and Maryland. Its regulated subsidiaries were West Penn Power (serving Southwestern and Central Pennsylvania), Monongahela Power (a.k.a. "Mon Power", serving Northern and Southern West Virginia), and The Potomac Edison Company (western and central Maryland, parts of eastern West Virginia, and northern Virginia). The electric generating plants were operated by subsidiary Allegheny Energy Supply Company and Monongahela Power.

Before the formation of Allegheny Energy, the holding company was known as Allegheny Power System which had the three utility operating units. The brand name Allegheny Power was used on customer bills, trucks and company equipment starting in 1996. In 1997, the company attempted to merge with Pittsburgh-based Duquesne Light Company. The merger was withdrawn by both parties, and the companies did not merge. In 1999, Allegheny Power purchased the West Virginia operations of UtiliCorp United's West Virginia Power. UtiliCorp purchased Virginia Electric and Power Company's (present day Dominion Resources) West Virginia service area in 1986 and renamed the acquired service area as West Virginia Power.

In February 2010, Allegheny Energy announced plans to merge with FirstEnergy. The merger was approved by stockholders of both companies, by the Federal Energy Regulatory Commission, and by the regulatory commissions in Virginia, West Virginia, Maryland, and Pennsylvania. The merger was finalized when the Pennsylvania Public Utilities Commission approved the merger on February 24, 2011. The merger officially closed on February 25, 2011. The merger did not include Allegheny's service area in Virginia, which was purchased in 2010 by the Shenandoah Valley Electric Cooperative and the Rappahannock Electric Cooperative.

After the merger with Allegheny Energy, FirstEnergy was the largest investor-owned electric utility in the country (based on customers served) for a short period, before the Exelon/Constellation and Duke Energy/Progress Energy mergers.

FirstEnergy Formation

FirstEnergy was formed on November 7, 1997, when Ohio Edison acquired Centerior Energy and its subsidiaries for $1.6 billion in stock. The company was acquired with plans for a restructuring and layoffs to cut costs. That same month the Public Utilities Commission of Ohio (PUCO) initiated an investigation into the reliability of FirstEnergy's energy transmission in the context of possible plant shutdowns and prior problems with Centerior.

Bankruptcy of FirstEnergy Services Corp. and formation of Energy Harbor Corp.

FirstEnergy Services Corp. was incorporated on August 8, 1997, with the primary purpose of providing intracompany services, such as the operation of subsidiary generation companies and financial transactions. It underwent several mergers and fictitious name filings beginning with its first filed merger on March 31, 1998. As of September 1, 2001, FirstEnergy Services Corp. became FirstEnergy Solutions Corp.

On March 31, 2018, FirstEnergy Solutions Corp. filed for bankruptcy. FirstEnergy Solutions Corp. was a member of FirstEnergy Generation, LLC–itself a generation subsidiary of FirstEnergy Corp.–while FirstEnergy Corp. itself remained solvent. The case has been closely watched as it could have significant implications for the U.S. power sector. For instance, the U.S. Bankruptcy Court for the Northern District of Ohio has asserted its primacy over the Federal Energy Regulatory Commission (FERC) relating to some of FirstEnergy Solutions Corp.’s FERC-regulated power purchase agreements.

FirstEnergy Solutions Corp. filed its eighth amended bankruptcy plan on October 14, 2019. In 2020, it emerged from bankruptcy. The company's post-bankruptcy fate was two-fold. First, the company was incorporated in Delaware under the name Energy Harbor Corp. and has since continued to operate in Ohio under the same name. For legal purposes, Energy Harbor Corp. is registered in Ohio as a foreign entity. Secondly regarding post-bankruptcy fate, FirstEnergy Solutions Corp. has also continued its existence as an actively chartered Ohio company, but this is only on paper rather than in practice: that entity does not conduct any business.

Intent to exit non-regulated business

FirstEnergy announced its intent in November 2016 to exit the competitive businesses while staying in the regulated businesses and also to become a fully regulated company during the following 18 months. FirstEnergy Solutions Corp., the company's then-competitive subsidiary, managed 13,000 MW of generating capacity and was a leading energy supplier serving residential, commercial and industrial customers in the Northeast, Midwest and Mid-Atlantic regions. It was anticipated that some generating units would be sold and that others would be shut down. Robert E. Murray, CEO of Murray Energy, warned in August 2017 that FirstEnergy Solutions Corp. was in danger of bankruptcy if the White House would not issue an emergency order to open coal-fired plants. The Federal Energy Regulatory Commission (FERC) unanimously rejected a United States Department of Energy (DOE) Notice of Proposed Rulemaking (NOPR) to subsidize coal and nuclear plants in January, 2018. FirstEnergy Solutions Corp. filed for Chapter 11 bankruptcy on March 31, 2018. As a result of the bankruptcy, FirstEnergy Solutions Corp. sought federal intervention of invoking Section 202(c) of the Federal Power Act to keep their plants operating.

Proposed power plant closures and bailout

In February 2018, FirstEnergy announced plans to deactivate or sell Pleasants Power Station in West Virginia. In March 2018, FirstEnergy announced the closure of Perry Nuclear Generating Station and Davis–Besse Nuclear Power Station, both in Ohio and the closure of Beaver Valley Nuclear Power Station in Pennsylvania. This was followed in August 2018 with the announcement of the closure of two coal-fired plants, the W.H. Sammis Power Plant in Stratton, Ohio and the Bruce Mansfield Power Plant in Shippingport, Pennsylvania by June 2022.

However, the closure of the Perry, Davis–Besse, and Sammis plants were rescinded in July 2019 when the State of Ohio passed and signed into law a subsidy to support the Perry and Davis–Besse nuclear plants.

Recent

A 2019 report by the Institute on Taxation and Economic Policy found that FirstEnergy "paid an effective federal tax rate of 0% or less" as a result of the Tax Cuts and Jobs Act of 2017.

During the COVID-19 pandemic in March 2020, the company stopped power shutoffs and restored connections for those whose power had been terminated because of non-payment. They also requested that customers who were facing hardship paying their utility bills contact the company to set up alternate payment programs, energy assistance programs or other energy arrangements, based on the customer's ability to pay. This included customers of all ten FirstEnergy utility companies in its entire six-state footprint.

Charles E. Jones was the president and chief executive officer of FirstEnergy Corp. from 2015 until his termination on October 29, 2020. Steven E. Strah was acting chief executive officer until September 16, 2022, with John Somerhalder serving as interim CEO through June 1, 2023. On March 27, 2023, FirstEnergy Corp. announced Brian X. Tierney, a former executive at American Electric Power, as president and CEO of FirstEnergy Corp. His role became effective June 1, 2023.

In May 2023, FirstEnergy vacated their longtime headquarters in Downtown Akron along with their Brecksville offices to consolidate their operations in their West Akron campus.

Bribery scandal

On July 21, 2020, Speaker of the Ohio House of Representatives, Larry Householder, former Ohio Republican Party Chairman Matt Borges, and three others were accused of accepting $60 million in bribes from FirstEnergy in exchange for $1.3 billion worth of benefits in the form of Ohio House Bill 6, which increased electricity rates and provided that money as a $150 million per year bailout for the two above-mentioned nuclear plants (Perry and Davis–Besse). The stock price of the company plummeted within hours of the arrest. FirstEnergy denied involvement in the charges. State legislators quickly announced plans for a bill to repeal H.B. 6. Several organizations called on the Ohio Attorney General to begin revoking the charter of FirstEnergy.

On October 29, 2020, The Independent Review Committee of the Board of Directors of FirstEnergy Corp. announced a leadership transition, including the termination of the company's Chief Executive Officer, Charles E. Jones, effective immediately. FirstEnergy also announced on the same day the termination of two other executives: its Senior Vice President of Product Development, Marketing, and Branding; and its Senior Vice President of External Affairs, effective immediately. During the course of the company's previously disclosed internal review related to the government investigations, the Independent Review Committee of the Board determined that these executives violated certain FirstEnergy policies and its code of conduct. Concurrently, Steven E. Strah, President of FirstEnergy, has been appointed Acting Chief Executive Officer, effective immediately.

On July 22, 2021, Acting U.S. Attorney for the Southern District of Ohio, announced that FirstEnergy would be fined $230 million for its part in the scandal.

The bribery scandal ended up also affecting the company's major naming rights deal with the Cleveland Browns for FirstEnergy Stadium, which was originally to run from 2013 through the end of the 2029 NFL season. The Cleveland city council passed a resolution in June 2022 to urge FirstEnergy to relinquish the rights. At the time, neither the Browns nor FirstEnergy motioned that the agreement would be revoked. The Browns then announced on April 13, 2023, that the team and FirstEnergy had come to an agreement to immediately terminate the naming rights deal, restoring the name of the venue to Cleveland Browns Stadium.

Electric companies

Ohio Edison (Northeastern Ohio)

Illuminating Company (Northeastern Ohio)

Toledo Edison (Northwestern Ohio)

Met-Ed (Eastern Pennsylvania)

Penelec (Central and Northern Pennsylvania)

Penn Power (Western Pennsylvania)

West Penn Power (Western and Central Pennsylvania)

Jersey Central Power & Light (Eastern and Northwestern New Jersey)

Mon Power (Northern West Virginia)

Potomac Edison (Western Maryland and West Virginia panhandle)

Environmental record

In 2024, FirstEnergy generated 15,665,952 MWh from coal in 2024 compared to 29,937 MWh from solar power. The company directly generated 13,905,260 metric tons of CO2 emissions from coal combustion and resulted in the emission of 16,004,265 metric tons through electricity purchases from other generation companies.

A 2017 report conducted by the University of Massachusetts Amherst placed FirstEnergy as the country's ninth largest greenhouse gas polluter.

In 2008, FirstEnergy was required to pay US$1.5 billion by 2011 as part of a settlement to end a lawsuit filed by the United States Environmental Protection Agency. This lawsuit alleged that the company failed to install pollution control equipment when upgrading its coal-burning plants. Also as part of the settlement, major pollution control equipment was installed at the W. H. Sammis Power Plant and at other sites. This lawsuit was one of the New Source Review lawsuits filed in the 1990s.

In response, the company announced plans in April 2009 to modify its R.E. Burger Power Station in Shadyside, Ohio, to generate electricity with biomass instead of coal, but abandoned the project a year later. In November 2009, FirstEnergy purchased the rights to develop a compressed-air energy storage generation plant in Norton, Ohio, but suspended this plan in July 2013 citing market conditions.

A study funded by the United States Department of Energy tested carbon sequestration on one of the remaining coal units at R.E. Burger, which was less successful than expected, resulting in the sequestration of only 50 metric tons of CO2, compared to the 1.7 million tons of CO2 emitted in the previous year.

In 2008, Ohio lawmakers passed an energy efficiency standards law with the goal of reducing energy use by 22 percent by 2025. After four years of lobbying against the law, in November 2012, FirstEnergy temporarily suspended its "behind-the-scene lobbying campaign" to persuade lawmakers to gut the energy efficiency law. However, two years later the company supported

the 2014 Ohio Senate Bill 310 which reversed energy efficiency standards and cut their work on improving energy efficiency, despite stating the programs were cost-effective.

FirstEnergy spent over $60 million to support House Bill 6, a 2019 law that raised electricity rates to provide subsidies for their power plants. Allegations of bribery resulted in the Ohio nuclear bribery scandal. The subsidies ended in August 2025 after Ohio House Bill 15 was signed into law.

Little Blue Run

Several cases have been brought against FirstEnergy for its dumping of coal waste into Little Blue Run Lake in West Virginia and Pennsylvania. FirstEnergy has dumped more than 20 billion gallons of coal ash and smokestack scrubber waste into the body of water which has contaminated local water supplies with arsenic, sulfates, sodium, calcium, magnesium and chloride.

A July 2012 consent decree from the Pennsylvania Department of Environmental Protection forces FirstEnergy to close the Little Blue Run Lake, which is an unlined waste impoundment in Beaver County, Pennsylvania and Hancock County, West Virginia. FirstEnergy had piped coal ash waste slurry from its Bruce Mansfield Power Plant since 1974. The reservoir at Little Blue Run is the country's largest coal ash impoundment. Pollutants including sulfates, chlorides, and arsenic have been found in groundwater nearby. Per the consent decree, FirstEnergy must stop dumping coal ash at the site by 2016, pay a penalty of $800,000, provide clean water to local residents, and monitor the environment for signs of seeps for toxic pollutants including selenium, boron and arsenic.

Notable accidents and incidents

In 2005, the NRC identified two earlier incidents at Davis–Besse as being among the top five events (excluding the actual disaster at Three Mile Island) most likely to have resulted in a nuclear disaster in the event of a subsequent failure.

On Friday, January 20, 2006, FirstEnergy acknowledged a cover-up of serious safety violations by former workers at the Davis–Besse Nuclear Power Station and accepted a plea bargain with the U.S. Department of Justice in lieu of possible federal criminal prosecution. The plea bargain relates to the March 2002 discovery of severe corrosion in the pressure vessel of the nuclear reactor, contained within the plant's containment building. In the agreement, the company agreed to pay fines of US$23 million, with an additional $5 million to be contributed toward research on alternative energy sources and to Habitat for Humanity, as well as to pay for costs related to the investigation. In addition, two former employees and one former contractor were indicted for purposely deceiving Nuclear Regulatory Commission inspectors in multiple documents (including one videotape) over several years, hiding evidence that boric acid was seriously corroding the reactor pressure vessel. The maximum penalty for each of the three indicted persons is 25 years in prison. The indictments also cite other employees as providing false information to inspectors, but they are not named.

In 2011, a 20-year employee was electrocuted to death when a supervisor ordered an unsafe operation. The parent company, FirstEnergy, and Ohio Edison were sued as a result, citing an intentional tort statute relating to "the deliberate removal of a safety guard".

Source: Wikipedia, CC BY-SA 4.0 · View on Wikipedia ↗

Wikidata ↗

sectorUtilities industryUtilities employees11,186 countryUS

10-Year Performance Revenue, net income, margins and EPS trends

06
Revenue$15.09B
2017-12-31 → 2025-12-31
EPS$1.76
2017-12-31 → 2025-12-31
Free Cash Flow$-1.00B
2017-12-31 → 2025-12-31
Net margin6.9%
2017-12-31 → 2025-12-31
Valuation & Ratios 07–12

Valuation P/E, P/S, P/B, EV/EBITDA ratios — is the stock expensive or cheap?

Metric 5Y trend FE 5Y avg Peer Median Verdict
P/E (TTM) 23.15Y avg ≈28.9 ≈28.9 21.3 Overvalued
P/S (TTM) 1.65Y avg ≈1.8 ≈1.8 1.8 Fair value
P/B (MRQ) 1.95Y avg ≈2.2 ≈2.2 1.9 Overvalued
EV / EBITDA 11.85Y avg ≈9.5 ≈9.5 11.0 Fair value
Price / FCF (TTM) -12.85Y avg ≈-64.1 ≈-64.1 · ·
Price / Cash Flow (TTM) 8.05Y avg ≈9.5 ≈9.5 7.1 Fair value
EV / Revenue 1.75Y avg ≈1.9 ≈1.9 · ·
EV / FCF -25.95Y avg ≈-65.5 ≈-65.5 · ·
Price / Tangible Book 3.65Y avg ≈4.9 ≈4.9 · ·

Peer median is calculated on a standardized basis per metric and may not always match the TTM/MRQ basis shown for this stock.

value · ≈ 5Y avg · industry median · verdict relative to median

Dividends Yield, payout ratio, dividend history, 5Y CAGR

13
Dividend Yield4.1%
Payout Ratio99.6%
Annualized Payout≈$1.86Paid quarterly
5Y Div CAGR≈2.7%Per share, split-adjusted
Growth Streak≈3Consecutive years of dividend growth
Ex-dateAmountCurrencyYield
Aug 7, 2026$0.47USD≈3.8%
May 7, 2026$0.47USD≈4.0%
Feb 6, 2026$0.45USD≈3.8%
Nov 7, 2025$0.45USD≈3.8%
Aug 7, 2025$0.45USD≈4.0%
May 7, 2025$0.45USD≈4.0%
Feb 7, 2025$0.43USD≈4.2%
Nov 7, 2024$0.43USD≈4.1%
Aug 7, 2024$0.43USD≈4.0%
May 6, 2024$0.43USD≈4.2%
Feb 6, 2024$0.41USD≈4.5%
Nov 6, 2023$0.41USD≈4.4%
Aug 4, 2023$0.39USD≈4.3%
May 4, 2023$0.39USD≈4.0%
Feb 6, 2023$0.39USD≈3.9%
Nov 4, 2022$0.39USD≈4.1%
Aug 4, 2022$0.39USD≈4.0%
May 5, 2022$0.39USD≈3.7%
Feb 4, 2022$0.39USD≈3.8%
Nov 4, 2021$0.39USD≈4.0%

Earnings History EPS actual vs estimate, surprise %, beat rate, next earnings date

14
Avg Surprise 0.60%
Next Report Oct 20, 2026
PeriodReportEPS ActualEPS EstSurprise
June 30, 2026 Jul 28, 2026 $0.50 $0.52 -3.9%
March 31, 2026 $0.72 $0.74 -2.1%
Dec. 31, 2025 $0.53 $0.57 -6.6%
Sept. 30, 2025 $0.83 $0.80 4.3%
June 30, 2025 $0.52 $0.50 3.9%
March 31, 2025 $0.67 $0.62 7.8%

Full Fundamentals All metrics by year — income statement, balance sheet, cash flow

15
Income Statement 13
Metric Trend 202520242023202220212020201920182017201620152014
Revenue $15.09B$13.47B$12.87B$12.46B$11.13B$10.79B$11.04B$11.26B$10.93B$10.70B$15.03B$15.05B
Operating Expenses $12.88B$11.10B$10.60B$10.55B$9.41B$8.63B$8.53B$8.76B$8.50B$8.65B$12.73B$13.99B
Operating Income $2.21B$2.38B$2.27B$1.91B$1.73B$2.16B$2.51B$2.50B$2.43B$2.05B$2.29B$1.06B
Interest Expense ··$1.12B$1.04B$1.14B$1.06B$1.03B$1.12B$1.00B$973M$1.13B$1.08B
Other Non-op $156M$189M$164M$415M$486M$430M$-1.39B$-990M$-1.00B$-976M$-1.40B$-891M
Pretax Income $1.56B$1.50B$1.46B$1.44B$1.56B$1.13B$1.12B$1.51B$1.43B$1.08B$893M$171M
Income Tax $288M$377M$267M$1.00B$320M$126M$213M$490M$1.72B$527M$315M$-42M
Net Income $1.02B$978M$1.10B$406M$1.28B$1.08B$912M$1.35B$-1.72B$-6.18B$578M$299M
EPS (Basic) $1.77$1.70$1.92$0.71$2.35$1.99$1.70$1.99$-3.88$-14.49$1.37$0.71
EPS (Diluted) $1.76$1.70$1.92$0.71$2.35$1.99$1.68$1.99$-3.88$-14.49$1.37$0.71
Shares (Basic) 577,000,000575,000,000573,000,000571,000,000545,000,000542,000,000535,000,000492,000,000444,000,000426,000,000422,000,000420,000,000
Shares (Diluted) 578,000,000577,000,000574,000,000572,000,000546,000,000543,000,000542,000,000494,000,000444,000,000426,000,000424,000,000421,000,000
EBITDA $2.21B$2.38B$2.27B$3.23B$3.33B$3.36B$3.73B·$1.87B$-6.26B$4.13B$1.06B
Balance Sheet 25
Metric Trend 202520242023202220212020201920182017201620152014
Cash & Equivalents $57M$111M$137M$160M$1.46B$1.73B$627M$367M$588M$199M$131M$85M
Receivables $1.73B$1.53B$1.32B$1.32B$1.03B$1.20B$1.09B$1.22B$1.28B$1.44B$1.42B$1.55B
Inventory $577M$549M$512M$421M$260M$317M$281M$252M$236M$564M$785M$817M
Other Current Assets $282M$240M$293M$217M$187M$157M$157M$175M$151M$158M$167M$160M
Current Assets $2.98B$2.78B$2.57B$2.42B$3.24B$3.71B$2.44B$2.39B$3.11B$2.95B$3.04B$3.36B
PP&E (Net) ··$38.41B$36.28B$34.74B$33.29B$31.65B$29.91B$28.10B$29.39B$37.21B$35.78B
PP&E (Gross) ··$50.11B$47.85B$46.00B$43.73B$41.77B$39.47B$37.11B$43.77B$49.95B$47.48B
Accum. Depreciation ··$13.81B$13.26B$12.67B$11.94B$11.43B$10.79B$10.01B$15.73B$15.16B$14.15B
Goodwill $5.62B$5.62B$5.62B$5.62B$5.62B$5.62B$5.62B$5.62B$5.62B$5.62B$6.42B$6.42B
Intangibles ·····$73M$80M$93M$105M$120M$331M$496M
Other Non-current Assets $1.42B$1.28B$1.14B$1.14B$1.11B$1.11B$1.04B$752M$697M$1.15B$1.29B$1.46B
Total Assets $55.90B$52.04B$48.77B$46.11B$45.43B$44.46B$42.30B$40.06B$42.26B$43.15B$52.09B$51.55B
Accounts Payable $2.00B$1.57B$1.36B$1.50B$943M$827M$918M$965M$827M$1.04B$1.07B$1.28B
Short-term Debt $325M$550M$775M$100M$0$2.20B$1.00B$1.25B$300M$2.67B$1.71B$1.80B
Current Liabilities $5.27B$5.00B$5.39B$3.96B$4.42B$5.00B$4.86B$4.63B$4.11B$7.13B$5.60B$5.56B
Capital Leases $227M$192M$179M$247M$271M$263M$241M$55M$67M$75M$100M$126M
Deferred Tax $6.03B$5.61B$4.53B$4.20B$3.44B$3.10B$2.85B$2.50B$3.17B$3.77B$6.77B$6.54B
Other Non-current Liabilities $2.51B$2.52B$2.17B$1.92B$1.86B$1.83B$1.67B$2.06B$1.44B$1.55B$1.55B$1.59B
Total Liabilities $41.98B$38.32B$37.85B$35.47B········
Total Debt $1.05B$1.53B$2.02B$451M$1.61B$2.35B$380M·$1.38B$4.36B$2.87B$2.60B
Retained Earnings $35M$43M$-97M$-1.20B$-1.60B$-2.89B$-3.97B$-4.88B$-6.26B$-4.53B$2.26B$2.29B
AOCI $-14M$-14M$-17M$-14M$-15M$-5M$20M$41M$142M$174M$171M$246M
Stockholders' Equity $12.51B$12.46B$10.44B$10.17B$8.68B$7.24B$6.97B$6.81B$3.92B$6.24B$12.42B$12.42B
Liabilities + Equity $55.90B$52.04B$48.77B$46.11B$45.43B$44.46B$42.30B$40.06B$42.26B$43.15B$52.09B$51.65B
Shares Outstanding 577,851,052577,000,000574,000,000572,000,000570,000,000543,000,000541,000,000512,000,000445,000,000442,000,000424,000,000421,102,570
Cash Flow 17
Metric Trend 202520242023202220212020201920182017201620152014
D&A ···$1.32B$1.66B$1.20B$1.22B$1.38B$1.70B$1.97B$1.83B$1.59B
Deferred Tax $223M$320M$255M$993M$301M$133M$210M$495M$1.69B$525M$292M$172M
Amort. of Intangibles ·····$7M$8M$8M$15M$114M$140M$80M
Other Non-cash ···$-33M$-374M$-988M$128M·$2.98B$10.61B$741M·
Operating Cash Flow $3.70B$2.89B$1.39B$2.68B$2.81B$1.42B$2.47B$1.41B$3.81B$3.38B$3.46B$2.71B
CapEx $4.71B$4.03B$3.36B$2.85B$2.49B$2.66B$2.67B$2.67B$2.59B$2.83B$2.70B$3.31B
Investing Cash Flow $-5.07B$-4.35B$-3.65B$-3.08B$-2.56B$-2.91B$-2.87B$-3.02B$-2.72B$-3.30B$-3.12B$-3.36B
Debt Issued $5.92B$2.10B$3.15B$700M$2.10B$3.42B$2.30B$1.47B$4.67B$1.98B$1.31B$4.53B
Net Debt Issued $2.80B$-660M$2.61B$-2.31B$1.57B$2.31B$1.51B·$2.38B$-355M$432M$2.77B
Stock Issued ··$0$0$1.00B$0$0$850M$0$0··
Net Stock Activity ··$0$0$1.00B$0$0·····
Dividends Paid $1.02B$970M$906M$891M$849M$845M$814M$711M$639M$611M$607M$604M
Financing Cash Flow $1.31B$1.43B$2.24B$-912M$-542M$2.61B$656M$1.39B$-702M$-34M$-292M$513M
Net Change in Cash $-55M$-25M$-27M$-1.30B$-290M$1.12B$250M$-214M$383M$47M··
Taxes Paid $73M$161M$58M$21M$-7M$6M$12M$49M$53M$-16M$37M$-103M
Free Cash Flow $-1.00B$-1.14B$-1.97B$-73M$366M$-1.23B$-198M·$1.22B$536M$743M$-599M
Levered FCF ··$-2.89B$-390M$-541M$-2.18B$-1.03B·$-1.23B$-238M$10M$-1.94B
Profitability 7
Metric Trend 202520242023202220212020201920182017201620152014
Operating Margin 14.6%17.6%17.6%15.3%15.5%20.0%22.8%·1.2%-56.7%15.2%7.1%
Net Margin 6.8%7.3%8.6%3.3%11.5%10.0%8.3%·-12.3%-42.4%3.9%2.0%
Pretax Margin 10.3%11.2%11.4%11.6%14.0%10.5%10.1%·-5.9%-63.4%5.9%1.1%
EBITDA Margin 14.6%17.6%17.6%25.9%29.9%31.1%33.8%·13.4%-43.0%27.5%7.1%
ROA 1.9%1.9%2.3%0.89%2.9%2.5%··-4.0%-13.0%1.1%0.58%
ROE 8.2%8.5%10.7%4.3%15.9%15.0%··-33.9%-66.2%4.7%2.4%
ROIC 13.3%12.7%14.9%5.5%13.3%20.0%534.6%·6.7%-52.1%9.7%8.8%
Liquidity & Solvency 4
Metric Trend 202520242023202220212020201920182017201620152014
Current Ratio 0.60.60.50.60.70.7··0.80.40.50.7
Quick Ratio 0.30.30.30.40.60.6··0.50.20.30.3
Debt / Equity 0.10.10.20.00.20.3··0.40.70.20.2
Interest Coverage ··2.01.81.52.02.4·0.1-7.12.01.0
Efficiency 2
Metric Trend 202520242023202220212020201920182017201620152014
Asset Turnover 0.30.30.30.30.20.2··0.30.30.30.3
Receivables Turnover 9.39.59.810.610.09.49.5·9.710.210.19.2
Per Share 7
Metric Trend 202520242023202220212020201920182017201620152014
Book Value / Share $21.65$21.60$18.17$17.77$15.21$13.32··$8.81$14.11$29.33$29.49
Revenue / Share $26.11$23.35$22.42$21.78$20.39$19.87$20.36·$31.57$34.18$35.44$35.75
Cash Flow / Share $6.40$5.01$2.42$4.69$5.15$2.62$4.55·$8.58$7.91$8.13$6.44
Cash / Share $0.10$0.19$0.24$0.28$2.56$3.19··$1.32$0.45$0.31$0.20
Dividend / Share $1.78$1.70$1.60$1.56$1.56$1.56$1.53$1.82$1.44$1.44$1.44$1.44
Dividend Paid / Share $1.76$1.69$1.58·········
EPS (TTM) $1.76$1.70$1.92$0.71$2.35$1.99$1.68$1.99$-3.88$-14.49$1.37$0.71
Growth Rates 10
Metric Trend 202520242023202220212020201920182017201620152014
Revenue YoY 12.0%4.7%3.3%11.9%3.2%·······
Revenue CAGR 3Y 6.6%6.6%6.0%·········
Revenue CAGR 5Y 6.9%···········
EPS YoY 3.5%-11.5%170.4%-69.8%18.1%·······
EPS CAGR 3Y 35.3%-10.2%-1.2%·········
EPS CAGR 5Y -2.4%···········
Net Income YoY 4.3%-11.2%171.4%-68.4%18.9%·······
Net Income CAGR 3Y 35.9%-8.6%0.71%·········
Net Income CAGR 5Y -1.1%···········
Dividends Paid CAGR 5Y 3.8%···········
Valuation (TTM) 17
Metric Trend 202520242023202220212020201920182017201620152014
Revenue TTM $15.09B$13.47B$12.87B$12.46B$11.13B$10.79B$11.04B$11.26B$10.93B$10.70B$15.03B$15.05B
Net Income TTM $1.02B$978M$1.10B$406M$1.28B$1.08B$912M$1.35B$-1.72B$-6.18B$578M$299M
Market Cap $25.87B$22.94B$21.06B$24.00B$23.72B$16.62B··$13.64B$13.70B$13.44B$16.42B
Enterprise Value $26.86B$24.35B$22.94B$24.29B$23.86B$17.24B··$14.43B$17.86B$16.18B$18.94B
P/E 25.423.419.159.117.715.428.918.9-7.9-2.123.254.9
P/S 1.71.71.61.92.11.5··1.21.30.91.1
P/B 2.11.82.02.42.72.3··3.52.21.11.3
P / Tangible Book 3.83.44.45.37.810.8······
P / Cash Flow 7.07.915.28.98.411.7··3.64.13.96.1
P / FCF -25.7-20.1-10.7-328.764.8-13.5··11.225.618.1-27.4
EV / EBITDA 12.210.310.17.57.25.1··7.7-2.93.917.8
EV / FCF -26.7-21.4-11.7-332.765.2-14.0··11.833.321.8-31.6
EV / Revenue 1.81.81.81.92.11.6··1.31.71.11.3
Dividend Yield 3.9%4.2%4.3%3.7%3.6%5.1%··4.7%4.5%4.5%3.7%
Earnings Yield 3.9%4.3%5.2%1.7%5.7%6.5%3.5%5.3%-12.7%-46.8%4.3%1.8%
Payout Ratio 99.6%99.2%82.2%219.5%66.2%78.3%89.2%·-37.1%-9.9%105.0%202.0%
Annual Payout $1.02B$970M$906M$891M$849M$845M$814M$711M$639M$611M$607M$604M

Most recent period on the left · null values shown as ·

Financial Statements Income statement, balance sheet, cash flow — annual, last 5 years

16
Metric 2025-12-312024-12-312023-12-312022-12-312021-12-31
Revenue $15.09B $13.47B $12.87B $12.46B $11.13B
Operating Margin % 14.6% 17.6% 17.6% 15.3% 15.5%
Net Income $1.02B $978M $1.10B $406M $1.28B
Diluted EPS $1.76 $1.70 $1.92 $0.71 $2.35

Institutional owners (13F) 1,005 filers · $27.4B total · As of Sept. 30, 2026

17

Institutions that report holding this stock in their quarterly SEC Form 13F. Long positions only; a single filer may appear twice for separate option legs. Large offsetting put/call legs typically reflect market-making or hedged inventory, not directional conviction.

Holders 1,005
Value held $27.4B
New positions 106
Exited positions 89
Institutional activity — Q2 2026 vs prior quarter
New positions Exited positions Increased Decreased Net shares change
106 (-43 vs prior Q) 89 (+8 vs prior Q) 413 (+26 vs prior Q) 258 (+24 vs prior Q) +32.6M

Compared to Q1 2026. SEC Form 13F filings are due within 45 days of quarter-end plus a short buffer for late filers — quarters still inside that window are skipped in favor of the most recent fully-reported pair.

Institution Value Shares % of tracked 13F Type
Capital World Investors $3,699,566,089 77,819,842 13.50% Shares
VANGUARD GROUP INC $3,049,255,196 68,109,341 11.13% Shares
BlackRock, Inc. $2,365,675,821 49,761,796 8.64% Shares
STATE STREET CORP $1,930,585,756 40,609,713 7.05% Shares
VANGUARD CAPITAL MANAGEMENT LLC $1,658,538,629 34,887,224 6.05% Shares
Blackstone Inc. $1,370,677,986 28,832,099 5.00% Shares
VANGUARD PORTFOLIO MANAGEMENT LLC $1,351,928,020 28,437,695 4.94% Shares
Boston Partners $879,426,292 18,467,247 3.21% Shares
GEODE CAPITAL MANAGEMENT, LLC $661,666,020 13,974,388 2.42% Shares
Invesco Ltd. $569,501,549 11,979,418 2.08% Shares
Allspring Global Investments Holdings, LLC $511,014,621 10,856,482 1.87% Shares
MORGAN STANLEY $486,244,376 10,228,109 1.77% Shares
FEDERATED HERMES, INC. $465,748,809 9,796,988 1.70% Shares
GOLDMAN SACHS GROUP INC $329,256,411 6,925,882 1.20% Shares
NEUBERGER BERMAN GROUP LLC $325,268,728 6,840,128 1.19% Shares
JPMORGAN CHASE & CO $272,661,683 5,673,358 1.00% Shares
BANK OF AMERICA CORP /DE/ $263,575,820 5,544,296 0.96% Shares
NORTHERN TRUST CORP $216,947,411 4,563,471 0.79% Shares
Legal & General Group Plc $211,280,450 4,444,267 0.77% Shares
FRANKLIN RESOURCES INC $189,600,053 3,988,222 0.69% Shares
Bank of New York Mellon Corp $180,009,640 3,786,488 0.66% Shares
CHARLES SCHWAB INVESTMENT MANAGEMENT INC $176,023,316 3,702,636 0.64% Shares
ROYAL BANK OF CANADA $173,878,000 3,657,552 0.63% Shares
MILLENNIUM MANAGEMENT LLC $148,160,312 3,116,540 0.54% Shares
VICTORY CAPITAL MANAGEMENT INC $146,878,348 3,089,574 0.54% Shares
VANGUARD FIDUCIARY TRUST CO $140,177,252 2,948,617 0.51% Shares
WELLS FARGO & COMPANY/MN $137,996,889 2,902,753 0.50% Shares
UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC $134,783,362 2,660,548 0.49% Shares
BARCLAYS PLC $132,264,838 2,782,180 0.48% Shares
DIMENSIONAL FUND ADVISORS LP $131,999,787 2,776,343 0.48% Shares
RAYMOND JAMES FINANCIAL INC $122,972,660 2,586,720 0.45% Shares
UBS Group AG $115,537,461 2,430,321 0.42% Shares
DEUTSCHE BANK AG\ $113,051,976 2,378,039 0.41% Shares
FIRST TRUST ADVISORS LP $110,150,062 2,316,998 0.40% Shares
FMR LLC $106,767,127 2,245,838 0.39% Shares
ENVESTNET ASSET MANAGEMENT INC $101,478,937 2,134,601 0.37% Shares
Energy Income Partners, LLC $97,602,425 2,053,059 0.36% Shares
Electron Capital Partners, LLC $97,313,239 2,046,976 0.36% Shares
Nuveen, LLC $88,788,604 1,867,661 0.32% Shares
MARSHALL WACE, LLP $82,336,903 1,731,950 0.30% Shares
LPL Financial LLC $82,134,123 1,727,685 0.30% Shares
California Public Employees Retirement System $78,825,123 1,658,080 0.29% Shares
Swiss National Bank $73,679,584 1,549,844 0.27% Shares
AQR CAPITAL MANAGEMENT LLC $66,842,063 1,406,017 0.24% Shares
SEI INVESTMENTS CO $64,565,592 1,358,103 0.24% Shares
Eurizon Capital SGR S.p.A. $63,942,214 1,341,459 0.23% Shares
Mitsubishi UFJ Asset Management Co., Ltd. $62,161,022 1,307,552 0.23% Shares
DUFF & PHELPS INVESTMENT MANAGEMENT CO $62,015,930 1,304,500 0.23% Shares
Brandywine Global Investment Management, LLC $59,527,266 1,329,624 0.22% Shares
VANGUARD ASSET MANAGEMENT, Ltd $56,422,659 1,186,846 0.21% Shares

Show all 1,005 institutional owners →

Activists & 5%+ owners 3 positions

18

Investors who filed SEC Schedule 13D — beneficial ownership above 5% with an intent to influence the issuer (activist stakes, board campaigns, M&A). Each row shows the most recent known state of that filer's position.

Filer Filed Stake Status Purpose Filing
Blackstone Holdings III L.P., BIP Securities II-B L.P., BIP-V Securities II-B L.P., BIP Holdings Manager L.L.C., Blackstone Infrastructure Associates L.P., BIA GP L.P., BIA GP L.L.C., Blackstone Holdings III GP L.P., Blackstone Holdings III GP Management L.L.C., Blackstone Inc., Blackstone Group Management L.L.C., Stephen A. Schwarzman Aug. 22, 2025 4.99% Amendment · SEC
BIP Securities II-B L.P., BIP-V Securities II-B L.P., BIP Holdings Manager L.L.C., Blackstone Infrastructure Associates L.P., BIA GP L.P., BIA GP L.L.C., Blackstone Holdings III L.P., Blackstone Holdings III GP L.P., Blackstone Holdings III GP Management L.L.C., Blackstone Inc., Blackstone Group Management L.L.C., Stephen A. Schwarzman ×2 filings June 10, 2022 · Initial filing · SEC
May 19, 2022 · Initial filing · SEC

Purpose is an automated classification of the filer's own stated purpose (SEC Item 4) — not investment advice. "—" means no clear purpose was stated or the text could not be classified.

Company insiders 82 insiders · 46 officers · 38 directors

19
Insider Role Last activity Shares owned Buys 12m Sells 12m Net 12m
Brian X Tierney Chairman, President and CEO June 1, 2026 F 523,810 0 0 $0
Steven E Strah President and CEO March 1, 2022 M 89,780 0 0 $0
Jon Taylor K. SVP, CFO and Strategy March 10, 2026 S 119,552 0 1 $-1,365,192
Allan Wade Smith President, FE Utilities March 1, 2026 M 133,644 0 0 $0
Donald R Schneider President, FE Solutions March 1, 2017 M 43,861 0 0 $0
Joseph J Hagan President, FENOC June 24, 2010 S 0 0 0 $0
Donald M Lynch President, JCP&L March 30, 2010 A 2,312 0 0 $0
Stephen E Morgan President Sept. 2, 2009 F 9,021 0 0 $0
Toby L. Thomas Chief Operating Officer March 1, 2026 A 38,453 0 0 $0
Jason Lisowski VP, Controller & CAO March 6, 2026 S 0 0 2 $-222,323
Hyun Park SVP & CLO March 1, 2026 M 112,627 0 0 $0
Christine Walker SVP, CHRO & Corporate Services March 1, 2024 M 49,868 0 0 $0
Samuel Belcher SVP, Operations March 1, 2023 F 68,924 0 0 $0
Gary D Benz SVP, Strategy March 1, 2021 A 53,460 0 0 $0
Robert Reffner SVP & General Counsel March 1, 2020 M 70,513 0 0 $0
Charles E Jones Pres. & Chief Exec. Officer March 1, 2020 M 575,600 0 0 $0
Leila L Vespoli EVP & Chief Legal Officer March 11, 2019 S 176,053 0 0 $0
Irena Prezelj VP, Investor Relations March 1, 2019 M 21,765 0 0 $0
Eileen Mikkelsen VP, Rates & Regulatory Affairs March 1, 2019 M 18,153 0 0 $0
Ebony Yeboah-Amankwah VP DGC Cor. Sec. & Chf Eth Off March 1, 2019 M 16,769 0 0 $0
Michael J Dowling Sr VP, External Affairs March 1, 2019 A 69,999 0 0 $0
James F Pearson EVP, Finance March 1, 2019 M 155,624 0 0 $0
Dennis M Chack SVP, Prod Dev, Mktng & Brndng March 1, 2019 M 32,387 0 0 $0
Charles D Lasky SVP, Human Resources & CHRO March 1, 2019 M 100,339 0 0 $0
Bennett L Gaines Sr VP Corp Svcs & CIO March 1, 2019 M 60,922 0 0 $0
James H Lash EVP & President FE Generation March 1, 2017 M 99,624 0 0 $0
Lynnette M Cavalier Chief Human Resource Officer March 1, 2017 M 68,472 0 0 $0
Anthony J Alexander Executive Chairman April 30, 2015 M 479,304 0 0 $0
Mark T Clark Exec VP, Finance & Strategy Dec. 23, 2013 G 117,143 0 0 $0
Harvey L Wagner Vice Pres. Controller & CAO March 15, 2013 S 10,585 0 0 $0
Gary R Leidich Exec. VP, Integration May 4, 2011 A 78,432 0 0 $0
Paul J Evanson Executive Vice Chairman March 28, 2011 S 33,351 0 0 $0
William D Byrd Vice President March 15, 2010 S 504 0 0 $0
David C Luff Senior Vice President March 8, 2010 A 4,306 0 0 $0
Richard R Grigg Exec VP & Pres. FE Utilities March 8, 2010 A 45,964 0 0 $0
Douglas S Elliott Senior Vice President March 8, 2010 A 23,803 0 0 $0
Thomas M Welsh Senior Vice President March 17, 2009 F 7,457 0 0 $0
Richard H Marsh Sr. Vice Pres. & Chief Fin. Of March 2, 2009 A 8,907 0 0 $0
Guy L Pipitone Senior Vice President Nov. 9, 2007 S 0 0 0 $0
Ali Jamshidi Vice President March 5, 2007 M 10,411 0 0 $0
Carole B Snyder Senior Vice President March 1, 2007 M 15,071 0 0 $0
Kathryn W Dindo Vice President March 1, 2007 A 152 0 0 $0
Bradford F Tobin Vice Pres & Chief Info Officer March 2, 2006 A 1,000 0 0 $0
Thomas C Navin Treasurer March 2, 2006 A 705 0 0 $0
Conrad J Daugherty Vice President Jan. 10, 2006 M 62 0 0 $0
Kevin J Keough Senior Vice President June 20, 2005 M 5,497 0 0 $0
Lisa Winston Hicks Director July 1, 2026 A 2,051 0 0 $0
Jana T Croom Director July 1, 2026 A 2,433 0 0 $0
Leslie M Turner Director July 1, 2026 A 8,477 0 0 $0
Paul J Kaleta Director July 1, 2026 A 2,051 0 0 $0
Steven J. Demetriou Director July 1, 2026 A 12,431 0 0 $0
John W Somerhalder II Director July 1, 2026 A 161,022 0 0 $0
James F Oneil Director July 1, 2026 A 1,869 0 1 $-402,017
Melvin D. Williams Director April 1, 2026 A 2,439 0 0 $0
Andrew Teno Director Oct. 2, 2023 A 3,220 0 0 $0
Jesse Lynn Director April 3, 2023 A 3,220 0 0 $0
Thomas N Mitchell Director April 1, 2022 A 7,271 0 0 $0
Luis A Reyes Director April 1, 2022 A 311 0 0 $0
Donald T Misheff Director April 1, 2022 A 100 0 0 $0
Christopher D Pappas Director April 1, 2022 A 16,488 0 0 $0
Julia L Johnson Director April 1, 2022 A 18,435 0 0 $0
Michael J Anderson Director April 1, 2022 A · 0 0 $0
Sandra Pianalto Director April 1, 2021 A 3,262 0 0 $0
Paul T Addison Director April 26, 2019 A · 0 0 $0
Jerry Sue Thornton Director April 26, 2019 A 173 0 0 $0
William T Cottle Director April 26, 2018 A 11,684 0 0 $0
George M Smart Director April 26, 2018 A 7,766 0 0 $0
Ernest J Novak JR Director May 3, 2017 A 300 0 0 $0
Theodore J Kleisner Director May 3, 2017 A 11,323 0 0 $0
Robert B Heisler JR Director Feb. 27, 2017 A 3,352 0 0 $0
Wes M Taylor Director May 6, 2015 A 2,705 0 0 $0
Catherin A Rein Director May 6, 2015 A 10,470 0 0 $0
Carol A Cartwright Director May 9, 2014 A 36,919 0 0 $0
Sr Jesse T Williams Director Dec. 21, 2011 A 5,493 0 0 $0
Robert C Savage Director Aug. 28, 2007 A 1,886 0 0 $0
Russell W Maier Director Aug. 28, 2007 A 3,739 0 0 $0
Patricia K Woolf Director June 28, 2006 A 4,913 0 0 $0
Robert N Pokelwaldt Director June 28, 2006 A · 0 0 $0
Paul J Powers Director Feb. 24, 2006 A · 0 0 $0
PIETRUSKI JOHN M Director Aug. 11, 2004 A 2,109 0 0 $0
Robert L Loughhead Director April 1, 2004 A · 0 0 $0
James M Murray · Sept. 30, 2009 S 0 0 0 $0

Insiders from SEC Form 3/4/5 filings; net = open-market P/S only

ETF ownership Held by 125 ETFs

20

Weight reflects direct equity holdings (N-PORT) only; leveraged or derivative-based funds may hold additional swap exposure not shown.

Fund Weight Units As of Source
RSPU · Invesco Exchange-Traded Fund Trust 3.24% 353,396 SH Oct. 2, 2026 Daily
ZAP · Global X Funds 2.99% 285,593 NS July 31, 2026 N-PORT
PAYR · Federated Hermes ETF Trust 2.54% 30,061 NS July 31, 2026 N-PORT
PUI · Invesco Exchange-Traded Fund Trust 2.08% 23,053 SH Oct. 2, 2026 Daily
FDV · Federated Hermes ETF Trust 2.08% 379,582 NS July 31, 2026 N-PORT
FPWR · First Trust Exchange-Traded Fund IV 2.07% 12,676 NS July 31, 2026 N-PORT
FUTY · FIDELITY COVINGTON TRUST 1.73% 831,779 NS July 31, 2026 N-PORT
FXU · First Trust Exchange-Traded AlphaDE… 1.72% 296,415 NS July 31, 2026 N-PORT
VPU · VANGUARD WORLD FUND 1.66% 3,761,691 SH Aug. 19, 2026 Daily
SPHD · Invesco Exchange-Traded Fund Trust … 1.65% 1,202,746 SH Oct. 2, 2026 Daily
IDU · iShares Trust 1.63% 455,918 SH Sept. 11, 2026 Daily
BMVP · Invesco Exchange-Traded Fund Trust 1.62% 37,263 SH Oct. 2, 2026 Daily
EMLP · First Trust Exchange-Traded Fund IV 1.53% 1,306,947 NS July 31, 2026 N-PORT
LQAI · Exchange Listed Funds Trust 1.48% 679 NS July 31, 2026 N-PORT
UTSL · Direxion Shares ETF Trust 1.41% 11,045 NS July 31, 2026 N-PORT
SPLV · Invesco Exchange-Traded Fund Trust … 1.25% 1,990,647 SH Oct. 2, 2026 Daily
IIGD · Invesco Exchange-Traded Self-Indexe… 1.23% 350,000 Oct. 2, 2026 Daily
EIPX · First Trust Exchange-Traded Fund IV 1.21% 141,093 NS July 31, 2026 N-PORT
DVY · iShares Trust 1.13% 5,734,893 SH Sept. 11, 2026 Daily
JXI · iShares Trust 1.11% 71,872 SH Sept. 11, 2026 Daily
POWR · iShares, Inc. 0.97% 95,536 SH Sept. 11, 2026 Daily
HUSV · First Trust Exchange-Traded Fund III 0.95% 14,455 NS July 31, 2026 N-PORT
SPVM · Invesco Exchange-Traded Fund Trust 0.72% 21,868 SH Oct. 2, 2026 Daily
VFMV · VANGUARD WELLINGTON FUND 0.50% 44,419 SH Aug. 19, 2026 Daily
NEAR · iShares U.S. ETF Trust 0.47% 24,971,000 SH Sept. 11, 2026 Daily
HDV · iShares Trust 0.46% 1,508,214 SH Sept. 11, 2026 Daily
VOE · VANGUARD INDEX FUNDS 0.45% 3,521,923 SH Aug. 19, 2026 Daily
JPME · J.P. Morgan Exchange-Traded Fund Tr… 0.36% 34,744 NS July 31, 2026 N-PORT
JPUS · J.P. Morgan Exchange-Traded Fund Tr… 0.36% 34,075 NS July 31, 2026 N-PORT
IMCV · iShares Trust 0.35% 88,626 SH Sept. 11, 2026 Daily
BSCR · Invesco Exchange-Traded Self-Indexe… 0.34% 15,767,000 Oct. 2, 2026 Daily
VO · VANGUARD INDEX FUNDS 0.25% 11,882,434 SH Aug. 19, 2026 Daily
IWS · iShares Trust 0.25% 820,446 SH Sept. 11, 2026 Daily
JMOM · J.P. Morgan Exchange-Traded Fund Tr… 0.23% 118,023 NS July 31, 2026 N-PORT
EUSA · iShares, Inc. 0.20% 82,583 SH Sept. 11, 2026 Daily
SIZE · iShares Trust 0.20% 18,176 SH Sept. 11, 2026 Daily
RSP · Invesco Exchange-Traded Fund Trust 0.19% 4,223,680 SH Oct. 2, 2026 Daily
EQAL · Invesco Exchange-Traded Fund Trust … 0.19% 35,176 SH Oct. 2, 2026 Daily
HDUS · Lattice Strategies Trust 0.19% 7,906 NS July 31, 2026 N-PORT
IWR · iShares Trust 0.19% 2,256,548 SH Sept. 11, 2026 Daily
FEX · First Trust Exchange-Traded AlphaDE… 0.18% 59,279 NS July 31, 2026 N-PORT
QLC · FlexShares Trust 0.18% 37,632 NS July 31, 2026 N-PORT
REVS · Columbia ETF Trust I 0.18% 12,250 NS July 31, 2026 N-PORT
IMCB · iShares Trust 0.18% 63,965 SH Sept. 11, 2026 Daily
PFIG · Invesco Exchange-Traded Fund Trust … 0.17% 235,000 Oct. 1, 2026 Daily
FTA · First Trust Exchange-Traded AlphaDE… 0.17% 49,245 NS July 31, 2026 N-PORT
BSCU · Invesco Exchange-Traded Self-Indexe… 0.15% 4,444,000 Oct. 2, 2026 Daily
XOEF · iShares Trust 0.14% 651 SH Sept. 11, 2026 Daily
GTOS · Invesco Actively Managed Exchange-T… 0.13% 158,000 Oct. 2, 2026 Daily
ROUS · Lattice Strategies Trust 0.12% 17,047 NS July 31, 2026 N-PORT
VYM · VANGUARD WHITEHALL FUNDS 0.11% 2,195,537 SH Aug. 19, 2026 Daily
ACWV · iShares, Inc. 0.10% 74,129 SH Sept. 11, 2026 Daily
IUS · Invesco Exchange-Traded Self-Indexe… 0.10% 22,623 SH Oct. 2, 2026 Daily
VTV · VANGUARD INDEX FUNDS 0.10% 5,208,823 SH Aug. 19, 2026 Daily
RECS · Columbia ETF Trust I 0.10% 117,353 NS July 31, 2026 N-PORT
VOOV · VANGUARD ADMIRAL FUNDS 0.09% 120,149 SH Aug. 19, 2026 Daily
FAB · First Trust Exchange-Traded AlphaDE… 0.09% 2,975 NS July 31, 2026 N-PORT
IVE · iShares Trust 0.08% 867,727 SH Sept. 11, 2026 Daily
IUSV · iShares Trust 0.08% 454,447 SH Sept. 11, 2026 Daily
RWL · Invesco Exchange-Traded Fund Trust … 0.08% 169,875 SH Oct. 2, 2026 Daily
ILCV · iShares Trust 0.07% 21,272 SH Sept. 11, 2026 Daily
DIVB · iShares Trust 0.07% 32,395 SH Sept. 11, 2026 Daily
VONV · VANGUARD SCOTTSDALE FUNDS 0.07% 332,023 SH Aug. 19, 2026 Daily
LGDX · Tidal Trust III 0.07% 2,059 NS July 31, 2026 N-PORT
IWD · iShares Trust 0.07% 1,220,891 SH Sept. 11, 2026 Daily
PRF · Invesco Exchange-Traded Fund Trust 0.07% 148,344 SH Oct. 1, 2026 Daily
DCOR · Dimensional ETF Trust 0.06% 41,239 NS July 31, 2026 N-PORT
EGLE · Global X Funds 0.06% 26 NS July 31, 2026 N-PORT
ACVF · ETF Opportunities Trust 0.05% 1,475 NS July 31, 2026 N-PORT
TOPC · iShares Trust 0.05% 321 SH Sept. 11, 2026 Daily
DFAU · Dimensional ETF Trust 0.05% 116,372 NS July 31, 2026 N-PORT
DFAC · Dimensional ETF Trust 0.05% 447,023 NS July 31, 2026 N-PORT
BKLC · BNY Mellon ETF Trust 0.04% 47,693 NS July 31, 2026 N-PORT
XYLG · Global X Funds 0.04% 546 NS July 31, 2026 N-PORT
BBUS · J.P. Morgan Exchange-Traded Fund Tr… 0.04% 75,129 NS July 31, 2026 N-PORT
VOTE · TCW ETF Trust 0.04% 9,214 NS July 31, 2026 N-PORT
XCLR · Global X Funds 0.04% 30 NS July 31, 2026 N-PORT
VOO · VANGUARD INDEX FUNDS 0.04% 13,523,990 SH Aug. 19, 2026 Daily
VV · VANGUARD INDEX FUNDS 0.04% 640,378 SH Aug. 19, 2026 Daily
VTI · VANGUARD INDEX FUNDS 0.04% 17,401,776 SH Aug. 19, 2026 Daily
VONE · VANGUARD SCOTTSDALE FUNDS 0.04% 90,664 SH Aug. 19, 2026 Daily
VTHR · VANGUARD SCOTTSDALE FUNDS 0.04% 46,461 SH Aug. 19, 2026 Daily
VOXP · Advisors Series Trust 0.04% 48 NS July 31, 2026 N-PORT
TOV · EA Series Trust 0.04% 2,104 NS July 31, 2026 N-PORT
CATH · Global X Funds 0.04% 10,592 NS July 31, 2026 N-PORT
PTLC · Pacer Funds Trust 0.04% 26,308 NS July 31, 2026 N-PORT
DFUS · Dimensional ETF Trust 0.04% 167,697 NS July 31, 2026 N-PORT
XYLD · Global X Funds 0.04% 25,990 NS July 31, 2026 N-PORT
CHRI · Global X Funds 0.04% 64 NS July 31, 2026 N-PORT
ILCB · iShares Trust 0.04% 10,553 SH Sept. 11, 2026 Daily
XRMI · Global X Funds 0.04% 382 NS July 31, 2026 N-PORT
IVV · iShares Trust 0.04% 6,561,452 SH Sept. 11, 2026 Daily
IWB · iShares Trust 0.04% 385,174 SH Sept. 11, 2026 Daily
QVML · Invesco Exchange-Traded Fund Trust … 0.04% 14,028 SH Oct. 2, 2026 Daily
XTR · Global X Funds 0.04% 36 NS July 31, 2026 N-PORT
PBUS · Invesco Exchange-Traded Fund Trust … 0.04% 95,213 SH Oct. 2, 2026 Daily
SPUU · Direxion Shares ETF Trust 0.04% 1,964 NS July 31, 2026 N-PORT
QDPL · Pacer Funds Trust 0.04% 12,511 NS July 31, 2026 N-PORT
USCL · iShares Trust 0.04% 21,556 SH Sept. 11, 2026 Daily
PBP · Invesco Exchange-Traded Fund Trust 0.03% 3,097 SH Oct. 1, 2026 Daily
TILT · FlexShares Trust 0.03% 15,688 NS July 31, 2026 N-PORT
IWV · iShares Trust 0.03% 150,520 SH Sept. 11, 2026 Daily
IYY · iShares Trust 0.03% 22,414 SH Sept. 11, 2026 Daily
ITOT · iShares Trust 0.03% 688,405 SH Sept. 11, 2026 Daily
HCMT · Direxion Shares ETF Trust 0.03% 3,622 NS July 31, 2026 N-PORT
TOK · iShares Trust 0.03% 1,584 SH Sept. 11, 2026 Daily
SPXL · Direxion Shares ETF Trust 0.03% 40,699 NS July 31, 2026 N-PORT
PHDG · Invesco Actively Managed Exchange-T… 0.03% 414 SH Oct. 1, 2026 Daily
URTH · iShares, Inc. 0.03% 49,766 SH Sept. 11, 2026 Daily
ACWI · iShares Trust 0.02% 176,195 SH Sept. 11, 2026 Daily
OMFL · Invesco Exchange-Traded Self-Indexe… 0.02% 26,375 SH Oct. 2, 2026 Daily
VT · VANGUARD INTERNATIONAL EQUITY INDEX… 0.02% 449,217 SH Aug. 19, 2026 Daily
GTO · Invesco Actively Managed Exchange-T… 0.01% 330,000 Oct. 2, 2026 Daily
BLV · VANGUARD BOND INDEX FUNDS · · July 15, 2026 Daily
BSV · VANGUARD BOND INDEX FUNDS · · July 15, 2026 Daily
BND · VANGUARD BOND INDEX FUNDS · · July 15, 2026 Daily
VUSB · VANGUARD BOND INDEX FUNDS · · July 15, 2026 Daily
VCRB · VANGUARD MALVERN FUNDS · · July 15, 2026 Daily
VSDB · VANGUARD MALVERN FUNDS · · July 15, 2026 Daily
VGMS · VANGUARD MALVERN FUNDS · · July 15, 2026 Daily
VCSH · VANGUARD SCOTTSDALE FUNDS · · July 15, 2026 Daily
VCLT · VANGUARD SCOTTSDALE FUNDS · · July 15, 2026 Daily
VTC · VANGUARD SCOTTSDALE FUNDS · · July 30, 2026 Daily
BNDW · VANGUARD SCOTTSDALE FUNDS · · July 30, 2026 Daily
IFRA · iShares Trust · 706,734 SH Sept. 11, 2026 Daily

FE Analyst Consensus Bullish and bearish analyst opinions, 12-month price target, upside

21
rating · 24 analysts BUY
Median target $53.00 +22.3%
5 20.8% Strong Buy
11 45.8% Buy
8 33.3% Hold
0 0.0% Sell
0 0.0% Strong Sell

12-Month Price Target

12 analysts · 2026-09-29

Mean target $52.92 +22.1%

← Below all targets Current price $43.34
Low$48.00 Mean$52.92 High$56.00

Peer comparison (GICS sub-industry) Key metrics vs sector peers

22

FY basis, prices as of each company's last fiscal year-end close.

Ticker Market Cap P/E Rev YoY Net Margin ROE Gross Margin
FE $25.87B 25.4 12.0% 6.8% 8.2% ·
AEP · 17.3 10.9% 16.9% 12.7% ·
XEL $46.06B 21.6 · · 9.4% ·
ETR · 23.6 9.0% 13.7% 11.1% ·
EXC $44.59B 15.3 5.3% 11.4% 9.9% ·
PCG $35.32B 13.6 2.1% 10.8% 8.6% ·
PPL · · · · · ·
ES $25.28B 14.8 13.8% 12.6% 10.7% ·
EIX $23.09B 5.2 9.8% 23.1% 26.9% ·
NRG $30.32B 39.7 9.2% 2.8% 43.5% ·
EVRG · 19.8 1.9% 14.3% 8.5% ·

Latest News Recent headlines mentioning this company

23

My Metrics Your personal watchlist — selected rows from Full Fundamentals

26

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Source: SEC 10-Q filed Jul 28, 2026