FirstEnergy (NYSE:FE - Get Free Report) issued an update on its FY 2025 earnings guidance on Wednesday morning. The company provided EPS guidance of 2.400-2.600 for the period, compared to the consensus EPS estimate of 2.530. The company issued revenue guidance of -.
FirstEnergy Stock Up 1.1%
NYSE:FE traded up $0.48 during trading hours on Friday, reaching $43.19. The company had a trading volume of 5,117,832 shares, compared to its average volume of 3,770,879. FirstEnergy has a twelve month low of $37.58 and a twelve month high of $44.97. The company has a quick ratio of 0.34, a current ratio of 0.61 and a debt-to-equity ratio of 1.68. The firm has a market cap of $24.93 billion, a price-to-earnings ratio of 19.11, a P/E/G ratio of 2.62 and a beta of 0.39. The business's 50-day simple moving average is $40.72 and its two-hundred day simple moving average is $40.66.
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, beating the consensus estimate of $0.50 by $0.02. FirstEnergy had a return on equity of 11.31% and a net margin of 9.31%. The company had revenue of $3.40 billion during the quarter, compared to the consensus estimate of $3.45 billion. During the same period last year, the business posted $0.56 EPS. On average, equities analysts expect that FirstEnergy will post 2.66 earnings per share for the current year.
FirstEnergy Dividend Announcement
The company also recently announced a quarterly dividend, which will be paid on Monday, September 1st. Stockholders of record on Thursday, August 7th will be given a dividend of $0.445 per share. This represents a $1.78 dividend on an annualized basis and a dividend yield of 4.1%. The ex-dividend date of this dividend is Thursday, August 7th. FirstEnergy's dividend payout ratio is presently 78.76%.
Wall Street Analysts Forecast Growth
Several research firms recently issued reports on FE. UBS Group set a $44.00 price target on shares of FirstEnergy and gave the company a "neutral" rating in a research report on Tuesday, June 24th. Mizuho lifted their price objective on shares of FirstEnergy from $43.00 to $45.00 and gave the company a "neutral" rating in a report on Friday. Bank of America upgraded shares of FirstEnergy from an "underperform" rating to a "neutral" rating and upped their target price for the stock from $42.00 to $45.00 in a report on Wednesday, April 23rd. Guggenheim lifted their price target on FirstEnergy from $45.00 to $47.00 and gave the company a "buy" rating in a research note on Monday, April 7th. Finally, Wells Fargo & Company boosted their price objective on FirstEnergy from $41.00 to $44.00 and gave the stock an "equal weight" rating in a report on Friday, April 25th. Nine research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. According to MarketBeat.com, FirstEnergy presently has an average rating of "Hold" and an average target price of $46.08.
Read Our Latest Report on FE
Insider Buying and Selling
In other FirstEnergy news, CFO Jon Taylor K. sold 12,000 shares of the business's stock in a transaction on Wednesday, May 7th. The stock was sold at an average price of $43.03, for a total value of $516,360.00. Following the transaction, the chief financial officer owned 99,919 shares of the company's stock, valued at approximately $4,299,514.57. The trade was a 10.72% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CAO Jason Lisowski sold 12,000 shares of the firm's stock in a transaction on Thursday, May 22nd. The shares were sold at an average price of $41.97, for a total value of $503,640.00. Following the sale, the chief accounting officer directly owned 183 shares of the company's stock, valued at approximately $7,680.51. This represents a 98.50% decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 0.17% of the company's stock.
Institutional Investors Weigh In On FirstEnergy
Hedge funds and other institutional investors have recently bought and sold shares of the business. Woodline Partners LP boosted its position in shares of FirstEnergy by 40.7% in the first quarter. Woodline Partners LP now owns 43,334 shares of the utilities provider's stock valued at $1,752,000 after acquiring an additional 12,531 shares during the period. Integrated Wealth Concepts LLC purchased a new stake in FirstEnergy in the 1st quarter worth approximately $289,000. Brighton Jones LLC bought a new position in FirstEnergy in the 4th quarter valued at $256,000. Focus Partners Wealth grew its position in shares of FirstEnergy by 6.8% during the 1st quarter. Focus Partners Wealth now owns 21,178 shares of the utilities provider's stock valued at $856,000 after purchasing an additional 1,340 shares in the last quarter. Finally, Empowered Funds LLC grew its position in shares of FirstEnergy by 7.0% during the 1st quarter. Empowered Funds LLC now owns 11,213 shares of the utilities provider's stock valued at $453,000 after purchasing an additional 732 shares in the last quarter. Institutional investors own 89.41% of the company's stock.
FirstEnergy Company Profile
(
Get Free Report)
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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