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16	16	FirstEnergy is listed in the New York Stock Exchange (NYSE) under the symbol FE. As of May, 2023, 52-week price range of the company was $42.29 to $33.76. Trailing P/E of the company is 58.30 times, price to sales ratio is 1.90 times, profit margin is 3.28%, return on assets (ttm) is 2.60%, return on equity is 4.73%. Trailing annual dividend yield of the company as of May, 2023 is 4.43%, payout ratio is 219.72%. Diluted earnings per share for the first quarter of 2023 is $0.51, which was $0.50 for the same quarter a year earlier, total number of shares outstanding on March 31, 2023 is 572,836,882.
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	18	+== Consolidation of Pennsylvania Companies ==
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	20	+FirstEnergy is proceeding with the consolidation of the Pennsylvania Companies into FE PA, a new, single operating entity. The PA Consolidation will require, among other steps: (a) the transfer of certain Pennsylvania-based transmission assets owned by WP to KATCo, (b) the contribution of Class B equity interests of MAIT currently held by PN and ME to FE (and ultimately transferred to FET as part of the FET Minority Equity Interest Sale), (c) the formation of FE PA and (d) the merger of each of the Pennsylvania Companies with and into FE PA, with FE PA surviving such mergers as the successor-in-interest to all assets and liabilities of the Pennsylvania Companies. Following completion of the PA Consolidation, FE PA will be FE’s only regulated utility in Pennsylvania encompassing the operations previously conducted individually by the Pennsylvania Companies. Consummation of the PA Consolidation is contingent upon numerous conditions, including the approval of NYPSC, PPUC and FERC, which filings were submitted on March 6, 2023. Subject to receipt of such regulatory approvals, FirstEnergy expects that the PA Consolidation will close by early 2024.
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18	18	= Recent Developments =
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20	20	* On March 27, 2023, FirstEnergy announced that the FE Board had appointed Brian X. Tierney to the position of President and Chief Executive Officer, effective as of June 1, 2023. John W. Somerhalder II will cease serving as Interim President and Chief Executive Officer at the conclusion of May 31, 2023, and will continue to serve as the Chair of the FE Board.