Shares of FirstEnergy Corp. (NYSE:FE – Get Free Report) have been given an average rating of “Hold” by the twelve brokerages that are covering the company, MarketBeat.com reports. One research analyst has rated the stock with a sell recommendation, seven have given a hold recommendation and four have issued a buy recommendation on the company. The average 1 year price objective among brokerages that have issued a report on the stock in the last year is $46.00.
A number of analysts have recently weighed in on FE shares. Bank of America increased their price target on FirstEnergy from $42.00 to $43.00 and gave the stock an “underperform” rating in a research report on Thursday, August 29th. Barclays raised their target price on FirstEnergy from $40.00 to $46.00 and gave the company an “equal weight” rating in a research note on Monday, October 7th. KeyCorp increased their price objective on shares of FirstEnergy from $47.00 to $48.00 and gave the stock an “overweight” rating in a report on Tuesday, October 22nd. Morgan Stanley lifted their price target on shares of FirstEnergy from $48.00 to $51.00 and gave the stock an “overweight” rating in a research report on Wednesday, September 25th. Finally, Argus raised FirstEnergy from a “hold” rating to a “buy” rating and set a $50.00 target price for the company in a report on Friday, September 20th.
View Our Latest Analysis on FE
Institutional Trading of FirstEnergy
FirstEnergy Trading Down 0.2 %
Shares of NYSE FE opened at $41.73 on Friday. The stock has a market capitalization of $24.05 billion, a P/E ratio of 26.92, a PEG ratio of 2.26 and a beta of 0.50. The stock’s 50 day moving average price is $43.62 and its two-hundred day moving average price is $41.08. The company has a quick ratio of 0.43, a current ratio of 0.56 and a debt-to-equity ratio of 1.58. FirstEnergy has a 52-week low of $34.92 and a 52-week high of $44.97.
FirstEnergy (NYSE:FE – Get Free Report) last posted its quarterly earnings results on Tuesday, October 29th. The utilities provider reported $0.85 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.90 by ($0.05). The business had revenue of $3.73 billion during the quarter, compared to the consensus estimate of $3.96 billion. FirstEnergy had a return on equity of 11.38% and a net margin of 6.64%. The company’s quarterly revenue was up 6.9% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.88 earnings per share. On average, analysts anticipate that FirstEnergy will post 2.7 earnings per share for the current fiscal year.
FirstEnergy Announces Dividend
The firm also recently declared a quarterly dividend, which will be paid on Sunday, December 1st. Stockholders of record on Thursday, November 7th will be paid a dividend of $0.425 per share. The ex-dividend date is Thursday, November 7th. This represents a $1.70 annualized dividend and a dividend yield of 4.07%. FirstEnergy’s dividend payout ratio is currently 109.68%.
FirstEnergy Company Profile
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.
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