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FirstEnergy Corp FE

Rating as of

Morningstar’s Analysis

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1-Star Price

PREMIUM

5-Star Price

PREMIUM

Economic Moat

PREMIUM

Capital Allocation

PREMIUM

FirstEnergy Slowly Moving Beyond Bribery Scandal; Looks to Sell Minority Stake in Transmission Unit

Andrew Bischof, CFA, CPA Senior Equity Analyst

Analyst Note

| Andrew Bischof, CFA, CPA |

We are reaffirming our $42 per share fair value estimate after FirstEnergy reported third-quarter operating earnings of $0.82 per share, compared to $0.84 in the same year-ago period. Management increased its operating earnings guidance range to $2.55-$2.65, up from $2.40-$2.60. Management previously indicated earnings would be in the upper end of the range. We plan to increase our full-year earnings estimate, but the increase will not have a material impact on our fair value. Our narrow moat and stable moat trend remain unchanged.

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Company Profile

Business Description

FirstEnergy is one of the largest investor-owned utilities in the United States with distribution utilities in six mid-Atlantic and Midwestern states. FirstEnergy also owns and operates one of the nation's largest transmission systems with more than 24,500 miles of lines.

Contact
76 South Main Street
Akron, OH, 44308
T +1 800 736-3402
Sector Utilities
Industry Utilities - Regulated Electric
Most Recent Earnings Sep 30, 2021
Fiscal Year End Dec 31, 2019
Stock Type High Yield
Employees 12,153

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