FirstEnergy (FE) Stock Looks Reasonably Priced For Its Earnings Base

FirstEnergy has given long term shareholders a solid ride over the past few years, which puts a spotlight on a simple question for anyone looking at the stock today: Is the current share price properly supported by the utility's earnings power? FirstEnergy has returned 50.6% over the past 5 years, which raises the stakes on whether the present valuation lines up with what its earnings can sustain. The business relies on relatively predictable regulated-utility earnings, so any shift in...