FIRSTENERGY CORP
boothcheck covers FIRSTENERGY CORP (FE) but does not put one priced-in number on it: here the defensible answer is the evidence rather than a point estimate. boothcheck publishes no house fair value, target price, or buy/sell rating. Narrative composed July 26, 2026.
At $46.45 FirstEnergy is priced at about 10x company-wide operating income, implying only about 1.3% operating growth a year, yet management guides to roughly 10% rate-base growth and a 6% to 8% long-term core EPS rate; that gap between a near-flat priced-in assumption and a high-single-digit guided plan is the bull case. The growth is the regulated kind: a $36 billion Energize365 capital plan for 2026 to 2030, $6 billion of 2026 capex, 13% transmission rate-base growth, and Q1 2026 core EPS of
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900 institutional managers reported holding FE in 13F filings for the quarter ended 2026-03-31. Together they hold about 89% of the company; the top 10 hold 57%. 109 opened new positions that quarter. Held by Capital Group (American Funds), Vanguard Group, BlackRock, among others. On the short side, 25.0M shares were sold short as of the 2026-06-15 count, about 4% of shares outstanding (5.3 days of typical volume to cover).
Quarterly 13F filings arrive up to 45 days after quarter end, so the picture is never current (filed through 2026-05-29). Nothing here is investment advice.
FE's share count grew 6.3% over the past five years. It pays a dividend, and has paid one every year in our records (18 and counting), raised 3 years straight; the current rate is $1.78 a share annually. Cash returned over the past three years: $2.70B in dividends.
Share counts are split-adjusted; repurchase totals are gross of share issuance. Nothing here is investment advice.
No open-market insider buys on file at FE over the trailing three years. Absence is a fact about the company, not a signal. 14 officers and directors are on file.
Code P open-market purchases from SEC Form 4 filings, non-derivative, excluding scheduled 10b5-1 plans. Nothing here is investment advice.
FE's recent reports: the day-one move, then what the following quarter actually did.
| report | day one | next quarter |
|---|---|---|
| 2023-08-02 | -1.9% | -13.0% |
| 2023-10-27 | -1.8% | +4.4% |
| 2024-02-14 | +4.1% | +1.4% |
| 2024-04-26 | -0.4% | +0.4% |
Day-one is the close-to-close move around the filing. Nothing here is investment advice.
FE's latest 8-K filings: 2026-07-28 (items 2.02, 7.01, 9.01); 2026-06-01 (items 7.01, 9.01); 2026-05-20 (items 1.01, 5.07, 9.01); 2026-04-28 (items 2.02, 7.01, 9.01); 2026-02-17 (items 2.02, 7.01).
Item codes are the SEC's own classification of what each report discloses. Dates link to the filing on EDGAR. Nothing here is investment advice.
Model solve date: 2026-Q2
Narrative composed: July 26, 2026
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For informational and research purposes only. Not investment advice. Not a recommendation to buy, sell, or hold any security. boothcheck is not a registered investment adviser. Past performance does not guarantee future results.