FirstEnergy Corporation (NYSE:FE) Given Consensus Rating of "Hold" by Analysts

Key Points

• FirstEnergy Corporation has received a consensus rating of "Hold" from analysts, with nine analysts rating it as such and six giving it a buy rating; the average price target among these brokers is $46.08.
• The company recently reported earnings of $0.52 per share, exceeding estimates, and revealed a quarterly dividend of $0.445 expected to yield 4.1% annually.
• Hedge funds hold approximately 89.41% of FirstEnergy's stock, indicating significant institutional interest in the company.

Shares of FirstEnergy Corporation (NYSE:FE - Get Free Report) have received an average rating of "Hold" from the fifteen brokerages that are currently covering the firm, MarketBeat Ratings reports. Nine analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. The average 12-month price objective among brokers that have issued ratings on the stock in the last year is $46.0769.

Several research analysts have recently commented on FE shares. 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 Wednesday, June 18th. KeyCorp reiterated an "overweight" rating and issued a $46.00 price objective (down previously from $47.00) on shares of FirstEnergy in a report on Wednesday, July 16th. Evercore ISI lifted their price target on FirstEnergy from $41.00 to $47.00 and gave the stock an "outperform" rating in a research note on Monday, April 28th. Wells Fargo & Company lifted their price target on FirstEnergy from $41.00 to $44.00 and gave the stock an "equal weight" rating in a research note on Friday, April 25th. Finally, Scotiabank reaffirmed an "outperform" rating on shares of FirstEnergy in a research note on Friday, April 25th.

Hedge Funds Weigh In On FirstEnergy

A number of hedge funds have recently modified their holdings of FE. State of Wyoming purchased a new position in FirstEnergy during the 2nd quarter valued at about $25,000. Oliver Lagore Vanvalin Investment Group purchased a new position in FirstEnergy during the 2nd quarter valued at about $26,000. Investment Research & Advisory Group Inc. purchased a new position in FirstEnergy during the 2nd quarter valued at about $26,000. N.E.W. Advisory Services LLC purchased a new position in shares of FirstEnergy during the first quarter valued at approximately $27,000. Finally, Capital Advisors Ltd. LLC increased its stake in shares of FirstEnergy by 186.4% during the second quarter. Capital Advisors Ltd. LLC now owns 676 shares of the utilities provider's stock valued at $27,000 after buying an additional 440 shares during the period. Hedge funds and other institutional investors own 89.41% of the company's stock.

FirstEnergy Trading Down 0.2%

FE stock opened at $43.4850 on Friday. The company has a market capitalization of $25.11 billion, a PE ratio of 19.24, a price-to-earnings-growth ratio of 2.68 and a beta of 0.48. FirstEnergy has a one year low of $37.58 and a one year high of $44.97. The company's 50 day moving average price is $41.40 and its two-hundred day moving average price is $41.01. The company has a debt-to-equity ratio of 1.68, a quick ratio of 0.51 and a current ratio of 0.61.

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

FirstEnergy Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, September 1st. Shareholders of record on Thursday, August 7th will be given a $0.445 dividend. The ex-dividend date is Thursday, August 7th. This represents a $1.78 dividend on an annualized basis and a dividend yield of 4.1%. FirstEnergy's payout ratio is presently 78.76%.

About FirstEnergy

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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