FirstEnergy Corporation Company Profile (NYSE:FE)

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

FirstEnergy Corporation announced a quarterly dividend on Tuesday, July 18th. Investors of record on Monday, August 7th will be paid a dividend of $0.36 per share on Friday, September 1st. This represents a $1.44 annualized dividend and a dividend yield of 4.67%. The ex-dividend date of this dividend is Thursday, August 3rd. View FirstEnergy Corporation's Dividend History.

FirstEnergy Corporation (NYSE:FE) released its quarterly earnings data on Thursday, April, 27th. The company reported $0.78 earnings per share (EPS) for the quarter, topping the Zacks' consensus estimate of $0.71 by $0.07. The company had revenue of $3.60 billion for the quarter, compared to the consensus estimate of $3.64 billion. FirstEnergy Corporation had a negative net margin of 44.23% and a positive return on equity of 12.79%. FirstEnergy Corporation's revenue was down 7.7% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.80 earnings per share. View FirstEnergy Corporation's Earnings History.

FirstEnergy Corporation updated its FY17 earnings guidance on Thursday, April, 27th. The company provided earnings per share (EPS) guidance of $2.70-3.00 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $2.77. FirstEnergy Corporation also updated its Q2 guidance to $0.55-0.65 EPS.

14 analysts have issued 12 month price objectives for FirstEnergy Corporation's stock. Their forecasts range from $31.00 to $40.00. On average, they expect FirstEnergy Corporation's share price to reach $33.93 in the next twelve months. View Analyst Ratings for FirstEnergy Corporation.

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

• 1. According to Zacks Investment Research, "Year to date shares of FirstEnergy have lagged the return from the broader industry. A higher debt/capital ratio compared with peers may further drive up its cost of capital in the rising interest rate environment. In addition, stringent regulatory norms and intensifying competition are some of the headwinds. The company’s modernization drive and new generation asset additions will further strengthen its service reliability and lead to customer retention. This has led to its ambitious “Energizing the Future” plan aimed at upgrading and expanding its transmission capabilities. The company is working to transform itself into a regulated company by mid of 2018." (7/4/2017)
• 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)
• 4. Bank of America Corporation analysts commented, "With new CEO Chuck Jones at the helm, the company appears poised to discuss initiatives that could reduce operating expenses," said the analysts, noting the company spends roughly $2.6 billion in fuel/commodity purchases, operating expenses and corporate spending.Related Link: Morgan Stanley Upgrades FirstEnergy To Overweight They believe FirstEnergy will aim to reduce this by roughly 5–10 percent over the next one to two years, with most of this from the competitive side."We find FirstEnergy's focus on balance sheet repair, deregulated stabilization, and regulated growth to be a welcome shift. Prior utilities shifting from deregulation (Dominion, Duke, AEP to name a few) have tended to see boosted relative valuations and improved financials since the last recession," (8/8/2016)

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

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
• James H. Lash, Executive Vice President; President - FirstEnergy Generation
• Steven E. Strah, Senior Vice President
• K. Jon Taylor, Chief Accounting Officer, Vice President, Controller
• 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 institutional and retail investors. Top institutional shareholders include Hexavest Inc. (0.21%), Chevy Chase Trust Holdings Inc. (0.11%), Bank of Montreal Can (0.11%), National Pension Service (0.09%), Oregon Public Employees Retirement Fund (0.04%) and State Treasurer State of Michigan (0.03%). Company insiders that own FirstEnergy Corporation stock include Charles D Lasky, Donald R Schneider 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 Hexavest Inc., Bank of Montreal Can, Aperio Group LLC, Nisa Investment Advisors LLC, Chevy Chase Trust Holdings Inc., Exxonmobil Investment Management Inc. TX, Creative Planning and Charter Trust Co.. 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 Mn Services Vermogensbeheer B.V., CrestPoint Capital Management LLC, National Pension Service, NN Investment Partners Holdings N.V., Atria Investments LLC, Bank of The West, Oregon Public Employees Retirement Fund and Stralem & Co. Inc.. 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 $30.83.