FirstEnergy Corporation Company Profile (NYSE:FE)

FirstEnergy Corporation trades on the New York Stock Exchange (NYSE) under the ticker symbol "FE."

FirstEnergy Corporation declared a quarterly dividend on Tuesday, September 19th. Stockholders of record on Tuesday, November 7th will be given a dividend of $0.36 per share on Friday, December 1st. This represents a $1.44 annualized dividend and a dividend yield of 4.62%. The ex-dividend date is Monday, November 6th. View FirstEnergy Corporation's Dividend History.

FirstEnergy Corporation (NYSE:FE) announced its quarterly earnings data on Thursday, July, 27th. The company reported $0.61 EPS for the quarter, hitting the Zacks' consensus estimate of $0.61. The firm had revenue of $3.30 billion for the quarter, compared to analysts' expectations of $3.38 billion. FirstEnergy Corporation had a negative net margin of 35.59% and a positive return on equity of 15.41%. The company's quarterly revenue was down 3.0% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.56 earnings per share. View FirstEnergy Corporation's Earnings History.

FirstEnergy Corporation is scheduled to release their next quarterly earnings announcement on Friday, November, 3rd 2017. View Earnings Estimates for FirstEnergy Corporation.

FirstEnergy Corporation updated its FY17 earnings guidance on Thursday, July, 27th. The company provided EPS guidance of $2.70-3.00 for the period, compared to the Thomson Reuters consensus EPS estimate of $2.80. FirstEnergy Corporation also updated its Q3 guidance to $0.75-0.90 EPS.

13 analysts have issued 12 month price objectives for FirstEnergy Corporation's stock. Their predictions range from $31.00 to $40.00. On average, they anticipate FirstEnergy Corporation's stock price to reach $33.84 in the next year. View Analyst Ratings for FirstEnergy Corporation.

Here are some recent quotes from research analysts about FirstEnergy Corporation stock:

• 1. According to Zacks Investment Research, "Shares of FirstEnergy's have gained higher than the industry in the last three months.FirstEnergy’s modernization drive and new generation asset additions have led to its ambitious “Energizing the Future” plan aimed at upgrading and expanding its transmission capabilities. FirstEnergy is also gaining from industrial load growth. The company is working to transform itself into a regulated company by mid of 2018. It has secured regulatory approvals for base rate increase in Pennsylvania, New Jersey and Ohio which are expected to boost its top line in 2017. However, FirstEnergy’s higher debt/capital ratio compared with peers may further drive up its cost of capital in the rising interest rate environment. High competition in the wholesale and retail electric markets can affect its top line." (9/20/2017)
• 2. Goldman Sachs Group, Inc. (The) analysts commented, "Following significant underperformance, with FE ' versus the XLU ' down 10%/19%/27% over the last 6, 12 and 24 months, we upgrade FE to Buy given (1) an attractive relative valuation on a sum of the parts basis ' even after assuming a drag related to the non-regulated or competitive segment, and (2) potential positive catalysts which highlight the value of the core regulated segments. We recognize challenges exist for FE's merchant power segment. But with FE discussing restructuring options, based on EIX's experience in 2012-2014, we view a potential resolution as a positive catalyst, driving an SOTP implied total return of 14% vs. 2% for peers under coverage." (3/23/2017)
• 3. Jefferies Group LLC analysts commented, "FE reported in-line quarterly estimates and, keeping with their plan to become a regulated utility, took a $9.2B charge associated with the write-down of their competitive assets. While we believe management will be successful in transitioning the company we struggle to see the stock achieving a "regulatedtype" valuation during this period and maintain our Hold rating." (2/23/2017)

Some companies that are related to FirstEnergy Corporation include Edison International (EIX), Consolidated Edison (ED), Xcel Energy (XEL), Public Service Enterprise Group Incorporated (PEG), Korea Electric Power Corporation (KEP), WEC Energy Group (WEC), DTE Energy Company (DTE), Eversource Energy (ES), Fortis (FTS), Sse Plc (SSE), Entergy Corporation (ETR), Enersis Americas S.A. (ENIA), Pinnacle West Capital Corporation (PNW), Alliant Energy Corporation (LNT), CPFL Energia S.A. (CPL), Scana Corporation (SCG), NRG Energy (NRG) and Vistra Energy Corp. (VST).

FirstEnergy Corporation's management team includes the folowing people:

• Charles Edward Jones Jr., President, Chief Executive Officer, Director
• James F. Pearson, Chief Financial Officer, Executive Vice President
• Steven E. Strah, Senior Vice President
• K. Jon Taylor, Chief Accounting Officer, Vice President, Controller
• Ebony L. Yeboah-Amankwah, Vice President, Corporate Secretary
• Yeboah Amankwah, Vice President - State and Federal Regulatory Legal Affairs
• Leila L. Vespoli, Executive Vice President, Corporate Strategy, Regulatory Affairs and Chief Legal Officer
• George M. Smart, Non-Executive Independent Chairman of the Board
• Paul T. Addison, Independent Director
• Michael J. Anderson CPA, Independent Director

FirstEnergy Corporation's stock is owned by a number of of retail and institutional investors. Top institutional investors include Vanguard Group Inc. (9.99%), BlackRock Inc. (9.91%), State Street Corp (7.55%), LSV Asset Management (3.25%), Bank of New York Mellon Corp (2.60%) and Thompson Siegel & Walmsley LLC (1.37%). Company insiders that own FirstEnergy Corporation stock include Charles D Lasky, Donald R Schneider, Donald T Misheff and Steven E Strah. View Institutional Ownership Trends for FirstEnergy Corporation.

FirstEnergy Corporation's stock was sold by a variety of institutional investors in the last quarter, including Balyasny Asset Management LLC, Old Mutual Global Investors UK Ltd., Ameriprise Financial Inc., State Street Corp, Numeric Investors LLC, Los Angeles Capital Management & Equity Research Inc., State of Tennessee Treasury Department and AJO LP. Company insiders that have sold FirstEnergy Corporation stock in the last year include Charles D Lasky and Donald R Schneider. View Insider Buying and Selling for FirstEnergy Corporation.

FirstEnergy Corporation's stock was acquired by a variety of institutional investors in the last quarter, including Vanguard Group Inc., BlackRock Inc., Brookfield Asset Management Inc., Thompson Siegel & Walmsley LLC, Parametric Portfolio Associates LLC, Great West Life Assurance Co. Can, State of New Jersey Common Pension Fund D and American Century Companies Inc.. Company insiders that have bought FirstEnergy Corporation stock in the last two years include Donald T Misheff and Steven E Strah. View Insider Buying and Selling for FirstEnergy Corporation.

Shares of FirstEnergy Corporation can be purchased through any online brokerage account. Popular online brokerages include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.

One share of FirstEnergy Corporation stock can currently be purchased for approximately $31.19.