FirstEnergy (FE) Stock Price, News & Analysis

7 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for FirstEnergy in the last year. There are currently 3 hold ratings and 4 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "moderate buy" FE shares.
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7 analysts have issued twelve-month price objectives for FirstEnergy's shares. Their FE share price targets range from $35.00 to $45.00. On average, they predict the company's stock price to reach $40.38 in the next twelve months. This suggests a possible upside of 8.0% from the stock's current price.
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FirstEnergy's stock was trading at $36.66 at the beginning of the year. Since then, FE stock has increased by 2.0% and is now trading at $37.40.
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FirstEnergy saw a decline in short interest in March. As of March 31st, there was short interest totaling 11,630,000 shares, a decline of 8.8% from the March 15th total of 12,750,000 shares. Based on an average trading volume of 3,500,000 shares, the days-to-cover ratio is presently 3.3 days.
View FirstEnergy's Short Interest.

The company is scheduled to release its next quarterly earnings announcement on Thursday, April 25th 2024.
View our FE earnings forecast.

FirstEnergy will be holding an earnings conference call on Friday, April 26th at 10:00 AM Eastern. Interested parties can register for or listen to the call using this link.

FirstEnergy Corp. (NYSE:FE) posted its quarterly earnings data on Friday, February, 9th. The utilities provider reported $0.62 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.60 by $0.02. The utilities provider had revenue of $3.20 billion for the quarter, compared to analyst estimates of $3.10 billion. FirstEnergy had a trailing twelve-month return on equity of 13.52% and a net margin of 8.56%. The firm's revenue was up .0% compared to the same quarter last year. During the same period in the prior year, the business earned $0.50 earnings per share.
Read the conference call transcript.

FirstEnergy declared a quarterly dividend on Wednesday, March 20th. Investors of record on Tuesday, May 7th will be paid a dividend of $0.425 per share on Saturday, June 1st. This represents a $1.70 dividend on an annualized basis and a yield of 4.55%. The ex-dividend date is Monday, May 6th. This is a positive change from the stock's previous quarterly dividend of $0.41.
Read our dividend analysis for FE.

FirstEnergy (NYSE:FE) pays an annual dividend of $1.64 per share and currently has a dividend yield of 4.38%. FE has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. The company has been increasing its dividend for 2 consecutive year(s), indicating that it does not yet have a strong track record of dividend growth. The dividend payout ratio is 90.61%. Payout ratios above 75% are not desirable because they may not be sustainable. Based on earnings estimates, FE will have a dividend payout ratio of 56.75% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for FE.

ETFs with the largest weight of FirstEnergy (NYSE:FE) stock in their portfolio include TrueShares Low Volatility Equity Income ETF (DIVZ), Invesco S&P 500 Equal Weight Utilities ETF (RYU), Invesco S&P 500 Equal Weight Utilities ETF (RSPU), Invesco Dorsey Wright Utilities Momentum ETF (PUI), Utilities Select Sector SPDR Fund (XLU), Vanguard Utilities ETF (VPU), Fidelity MSCI Utilities Index ETF (FUTY) and Invesco S&P 500 High Dividend Low Volatility ETF (SPHD).

FirstEnergy issued an update on its FY 2024 earnings guidance on Thursday, February, 8th. The company provided earnings per share guidance of 0.480-0.580 for the period, compared to the consensus estimate of 0.680. The company issued revenue guidance of -.

63 employees have rated FirstEnergy Chief Executive Officer Chuck Jones on Glassdoor.com. Chuck Jones has an approval rating of 76% among the company's employees.

Based on aggregate information from My MarketBeat watchlists, some companies that other FirstEnergy investors own include AT&T (T), Intel (INTC), Cisco Systems (CSCO), Exxon Mobil (XOM), Pfizer (PFE), Verizon Communications (VZ), Johnson & Johnson (JNJ), Chevron (CVX), General Electric (GE) and AbbVie (ABBV).

FirstEnergy's stock is owned by a number of institutional and retail investors. Top institutional investors include Czech National Bank (0.02%), Wealth Enhancement Advisory Services LLC (0.01%), Gulf International Bank UK Ltd (0.01%), Pensionfund Sabic (0.01%), CWM LLC (0.01%) and IMC Chicago LLC (0.00%).
View institutional ownership trends.

Shares of FE stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
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