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S&P 500   5,254.35
DOW   39,807.37
QQQ   444.01
Stock market today: Asian shares are mostly higher after another set of Wall St records
Delta Airline’s Put Option Activity Isn’t Bad News
3 Value Stocks Too Small For Buffett’s Portfolio
Disney Stock Catches 3 Upgrades In a Single Week
7 Stocks That Will Drive the Weight Loss Drugs Market
Walgreens Boots Alliance: Deep Value With Nowhere to Go But Up
Krispy Kreme's Sweet Deal: McDonald's Partnership Sparks Growth?
S&P 500   5,254.35
DOW   39,807.37
QQQ   444.01
Stock market today: Asian shares are mostly higher after another set of Wall St records
Delta Airline’s Put Option Activity Isn’t Bad News
3 Value Stocks Too Small For Buffett’s Portfolio
Disney Stock Catches 3 Upgrades In a Single Week
7 Stocks That Will Drive the Weight Loss Drugs Market
Walgreens Boots Alliance: Deep Value With Nowhere to Go But Up
Krispy Kreme's Sweet Deal: McDonald's Partnership Sparks Growth?
S&P 500   5,254.35
DOW   39,807.37
QQQ   444.01
Stock market today: Asian shares are mostly higher after another set of Wall St records
Delta Airline’s Put Option Activity Isn’t Bad News
3 Value Stocks Too Small For Buffett’s Portfolio
Disney Stock Catches 3 Upgrades In a Single Week
7 Stocks That Will Drive the Weight Loss Drugs Market
Walgreens Boots Alliance: Deep Value With Nowhere to Go But Up
Krispy Kreme's Sweet Deal: McDonald's Partnership Sparks Growth?
NYSE:FE

FirstEnergy (FE) Stock Price, News & Analysis

$38.62
+0.16 (+0.42%)
(As of 03/28/2024 ET)
Today's Range
$38.33
$38.71
50-Day Range
$35.79
$38.54
52-Week Range
$32.18
$41.99
Volume
3.24 million shs
Average Volume
3.55 million shs
Market Capitalization
$22.18 billion
P/E Ratio
21.34
Dividend Yield
4.25%
Price Target
$39.63

FirstEnergy MarketRank™ Stock Analysis

Analyst Rating
Hold
2.29 Rating Score
Upside/​Downside
2.6% Upside
$39.63 Price Target
Short Interest
Healthy
2.22% of Shares Sold Short
Dividend Strength
Moderate
Based on Four Factors
Sustainability
-7.52
Upright™ Environmental Score
News Sentiment
0.50mentions of FirstEnergy in the last 14 days
Based on 6 Articles This Week
Insider Trading
N/A
Proj. Earnings Growth
7.84%
From $2.68 to $2.89 Per Share

Overall MarketRank

New Rank-Based ScoringMarketRank is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.

3.20 out of 5 stars

Utilities Sector

59th out of 90 stocks

Electric Services Industry

24th out of 40 stocks

FE stock logo

About FirstEnergy Stock (NYSE:FE)

FirstEnergy Corp., through its subsidiaries, generates, transmits, and distributes electricity in the United States. It operates through Regulated Distribution and Regulated Transmission segments. The company owns and operates coal-fired, nuclear, hydroelectric, wind, and solar power generating facilities. It operates 24,080 circuit miles of overhead and underground transmission lines; and electric distribution systems, including 274,518 miles of overhead pole line and underground conduit carrying primary, secondary, and street lighting circuits. The company serves approximately 6 million customers in Ohio, Pennsylvania, West Virginia, Maryland, New Jersey, and New York. FirstEnergy Corp. was incorporated in 1996 and is headquartered in Akron, Ohio.

FE Stock Price History

FE Stock News Headlines

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FirstEnergy Raises Dividend 3.7%
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FirstEnergy raises dividend to $0.425 per share
Electric Grid Upgrades Underway in Lorain County
FE Apr 2024 44.000 put
FE Apr 2024 50.000 put
See More Headlines
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Company Calendar

Ex-Dividend for 3/1 Dividend
2/06/2024
Last Earnings
2/09/2024
Dividend Payable
3/01/2024
Today
3/28/2024
Next Earnings (Estimated)
4/25/2024
Fiscal Year End
12/31/2024

Industry, Sector and Symbol

Sector
Utilities
Industry
Electric services
Sub-Industry
Electric Utilities
CUSIP
33793210
Employees
12,042
Year Founded
1997

Price Target and Rating

Average Stock Price Target
$39.63
High Stock Price Target
$43.00
Low Stock Price Target
$35.00
Potential Upside/Downside
+2.6%
Consensus Rating
Hold
Rating Score (0-4)
2.29
Research Coverage
7 Analysts

Profitability

Net Income
$1.10 billion
Pretax Margin
11.38%

Debt

Sales & Book Value

Annual Sales
$12.87 billion
Cash Flow
$4.89 per share
Book Value
$19.02 per share

Miscellaneous

Free Float
573,981,000
Market Cap
$22.18 billion
Optionable
Optionable
Beta
0.48

Social Links

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Key Executives

  • Mr. K. Jon Taylor (Age 50)
    Senior VP of Strategy & CFO
    Comp: $1.48M
  • Mr. Hyun Park (Age 63)
    Senior VP & Chief Legal Officer
    Comp: $1.3M
  • Ms. Christine L. WalkerMs. Christine L. Walker (Age 59)
    Senior VP of Corporate Services & Chief Human Resources Officer
    Comp: $763.48k
  • Mr. Brian X. Tierney (Age 56)
    CEO, President & Director
  • Mr. Toby L. Thomas (Age 53)
    Chief Operating Officer
  • Mr. Jason J. Lisowski (Age 43)
    VP, Controller & Chief Accounting Officer
  • Mr. Ernest N. Maley
    VP & Chief Information Officer
  • Ms. Irene M. Prezelj (Age 56)
    Vice President of Investor Relations & Communications
  • Mr. Antonio Fernandez
    VP and Chief Ethics & Compliance Officer
  • Ms. Gretchan Sekulich
    Vice President of Communications & Marketing

Should I Buy FirstEnergy Stock? FE Pros and Cons Explained

Pros

Here are some ways that investors could benefit from investing in FirstEnergy Corp.:

  • FirstEnergy Corp. reported a positive EPS of $0.62 for the latest quarter, exceeding the consensus estimate by $0.02. This indicates strong financial performance.
  • FirstEnergy Corp. has a diverse portfolio of power generating facilities, including coal-fired, nuclear, hydroelectric, wind, and solar, providing stability and potential for growth in the renewable energy sector.
  • With a market cap of $21.95 billion, FirstEnergy Corp. is a sizable company, offering investors exposure to a significant player in the electric services industry.
  • Vanguard Group Inc., a major institutional investor, has been increasing its stake in FirstEnergy Corp., signaling confidence in the company's future prospects.
  • FirstEnergy Corp. has a stable revenue stream, with $3.20 billion reported for the latest quarter, indicating consistent performance in its operations.

Cons

Investors should be bearish about investing in FirstEnergy Corp. for these reasons:

  • FirstEnergy Corp. has a debt-to-equity ratio of 2.10, which may raise concerns about the company's financial leverage and ability to manage debt effectively.
  • The stock price of FirstEnergy Corp. has been relatively stagnant, trading at $38.21 with a 12-month low of $32.18 and a high of $41.99, indicating limited short-term price movement.
  • While FirstEnergy Corp. operates in multiple states and serves millions of customers, regulatory challenges in the utility sector could impact the company's operations and profitability.
  • Institutional investors and hedge funds own a significant portion (82.34%) of FirstEnergy Corp.'s stock, potentially leading to volatility in the stock price due to large-scale trading activities.
  • Despite recent positive earnings, FirstEnergy Corp. operates in a highly regulated industry, subject to changing policies and regulations that could affect its financial performance.
These pros and cons were generated based on recent news and financial data from MarketBeat in order to provide readers with the fastest and most accurate insights. They were last updated on Wednesday, March 27, 2024. Please send any questions or comments about these FirstEnergy pros and cons to contact@marketbeat.com.

FE Stock Analysis - Frequently Asked Questions

Should I buy or sell FirstEnergy stock right now?

7 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for FirstEnergy in the last year. There are currently 1 sell rating, 3 hold ratings and 3 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "hold" FE shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in FE, but not buy additional shares or sell existing shares.
View FE analyst ratings
or view top-rated stocks.

What is FirstEnergy's stock price target for 2024?

7 Wall Street analysts have issued twelve-month target prices for FirstEnergy's stock. Their FE share price targets range from $35.00 to $43.00. On average, they expect the company's share price to reach $39.63 in the next year. This suggests a possible upside of 2.6% from the stock's current price.
View analysts price targets for FE
or view top-rated stocks among Wall Street analysts.

How have FE shares performed in 2024?

FirstEnergy's stock was trading at $36.66 on January 1st, 2024. Since then, FE shares have increased by 5.3% and is now trading at $38.62.
View the best growth stocks for 2024 here
.

When is FirstEnergy's next earnings date?

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

How were FirstEnergy's earnings last quarter?

FirstEnergy Corp. (NYSE:FE) posted its earnings results on Friday, February, 9th. The utilities provider reported $0.62 EPS for the quarter, beating analysts' consensus estimates 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% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.50 earnings per share.
Read the conference call transcript
.

How often does FirstEnergy pay dividends? What is the dividend yield for FirstEnergy?

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 dividend yield of 4.40%. 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
.

Is FirstEnergy a good dividend stock?

FirstEnergy (NYSE:FE) pays an annual dividend of $1.64 per share and currently has a dividend yield of 4.34%. FE has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. The company 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.

What guidance has FirstEnergy issued on next quarter's earnings?

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

What is Chuck Jones' approval rating as FirstEnergy's CEO?

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.

What other stocks do shareholders of FirstEnergy own?

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).

Who are FirstEnergy's major shareholders?

FirstEnergy's stock is owned by a number of institutional and retail investors. Top institutional investors include Capital World Investors (11.88%), Vanguard Group Inc. (11.31%), Vanguard Group Inc. (11.30%), Price T Rowe Associates Inc. MD (3.36%), Nuveen Asset Management LLC (1.71%) and Boston Partners (1.62%).
View institutional ownership trends
.

How do I buy shares of FirstEnergy?

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.
Compare Top Brokerages Here.

Does FirstEnergy have any subsidiaries?
The following companies are subsidiares of FirstEnergy: Allegheny Energy, FirstEnergy Service Company, FirstEnergy Transmission LLC, FirstEnergy Ventures Corp., GPU Inc, Jersey Central Power & Light Company, MARBEL Energy Corporation, Metropolitan Edison Company, Monongahela Power Company, Ohio Edison Company, Pennsylvania Electric Company, The Cleveland Electric Illuminating Compan, The Potomac Edison Company, The Toledo Edison Company, and West Penn Power Company.
Read More
This page (NYSE:FE) was last updated on 3/29/2024 by MarketBeat.com Staff

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