FirstEnergy Corporation (NYSE:FE) Given Average Recommendation of "Moderate Buy" by Brokerages

Key Points

• FirstEnergy Corporation has received an average rating of "Moderate Buy" from 16 analyst firms, with 8 recommending a hold and 8 a buy.
• The company is set to pay a quarterly dividend of $0.445 on December 1st, yielding approximately 3.8% annually, with a dividend payout ratio of 78.76%.
• FirstEnergy's most recent earnings report revealed a profit of $0.52 per share, surpassing analyst expectations and setting fiscal year 2025 projections between 2.400 to 2.600 EPS.

Shares of FirstEnergy Corporation (NYSE:FE - Get Free Report) have been assigned an average rating of "Moderate Buy" from the sixteen ratings firms that are covering the company, Marketbeat Ratings reports. Eight equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the company. The average 12 month target price among analysts that have issued ratings on the stock in the last year is $46.7692.

A number of research analysts recently weighed in on the company. Barclays raised FirstEnergy from an "equal weight" rating to an "overweight" rating and boosted their target price for the stock from $43.00 to $49.00 in a report on Monday, August 25th. KeyCorp reaffirmed an "overweight" rating and issued a $46.00 price objective (down from $47.00) on shares of FirstEnergy in a report on Wednesday, July 16th. Morgan Stanley decreased their price objective on FirstEnergy from $48.00 to $47.00 and set an "overweight" rating on the stock in a report on Thursday, September 25th. UBS Group set a $44.00 price objective on FirstEnergy and gave the company a "neutral" rating in a report on Tuesday, June 24th. Finally, Mizuho upped their price objective on FirstEnergy from $43.00 to $45.00 and gave the company a "neutral" rating in a report on Friday, August 1st.

FirstEnergy Stock Up 0.5%

FE stock opened at $46.92 on Friday. The company has a current ratio of 0.61, a quick ratio of 0.51 and a debt-to-equity ratio of 1.68. The firm has a market capitalization of $27.09 billion, a PE ratio of 20.76, a PEG ratio of 2.87 and a beta of 0.52. FirstEnergy has a 1-year low of $37.58 and a 1-year high of $47.37. The business's 50 day simple moving average is $44.09 and its 200 day simple moving average is $42.10.

FirstEnergy (NYSE:FE - Get Free Report) last posted its earnings results on Wednesday, July 30th. The utilities provider reported $0.52 earnings per share for the quarter, topping analysts' consensus estimates of $0.50 by $0.02. The business had revenue of $3.40 billion for the quarter, compared to analyst estimates of $3.45 billion. FirstEnergy had a return on equity of 11.31% and a net margin of 9.31%.During the same period in the previous year, the firm earned $0.56 EPS. FirstEnergy has set its FY 2025 guidance at 2.400-2.600 EPS. As a group, research analysts anticipate that FirstEnergy will post 2.66 EPS for the current year.

FirstEnergy Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, December 1st. Shareholders of record on Friday, November 7th will be issued a $0.445 dividend. This represents a $1.78 dividend on an annualized basis and a yield of 3.8%. The ex-dividend date of this dividend is Friday, November 7th. FirstEnergy's dividend payout ratio is currently 78.76%.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. State of Wyoming acquired a new position in FirstEnergy in the 2nd quarter valued at $25,000. Investment Research & Advisory Group Inc. acquired a new stake in shares of FirstEnergy during the 2nd quarter worth $26,000. Oliver Lagore Vanvalin Investment Group acquired a new stake in shares of FirstEnergy during the 2nd quarter worth $26,000. N.E.W. Advisory Services LLC acquired a new stake in shares of FirstEnergy during the 1st quarter worth $27,000. Finally, Capital Advisors Ltd. LLC grew its holdings in shares of FirstEnergy by 186.4% during the 2nd quarter. Capital Advisors Ltd. LLC now owns 676 shares of the utilities provider's stock worth $27,000 after purchasing an additional 440 shares in the last quarter. 89.41% of the stock is owned by institutional investors and hedge funds.

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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