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S&P 500   4,967.23
DOW   37,986.40
QQQ   414.65
North Carolina medical marijuana sales begin at Cherokee store
Ukrainian and Western leaders laud US aid package while the Kremlin warns of 'further ruin'
Biden sees a $35 price cap for insulin as a pivotal campaign issue. It’s not that clear-cut
'Civil War’ continues box-office campaign at No. 1
Hawaii lawmakers take aim at vacation rentals after Lahaina wildfire amplifies Maui housing crisis
Conservative Brazilians laud Elon Musk at rally in support of ex-president Bolsonaro
Tens of thousands of Colombians protest against the leftist president's reform agenda
S&P 500   4,967.23
DOW   37,986.40
QQQ   414.65
North Carolina medical marijuana sales begin at Cherokee store
Ukrainian and Western leaders laud US aid package while the Kremlin warns of 'further ruin'
Biden sees a $35 price cap for insulin as a pivotal campaign issue. It’s not that clear-cut
'Civil War’ continues box-office campaign at No. 1
Hawaii lawmakers take aim at vacation rentals after Lahaina wildfire amplifies Maui housing crisis
Conservative Brazilians laud Elon Musk at rally in support of ex-president Bolsonaro
Tens of thousands of Colombians protest against the leftist president's reform agenda
S&P 500   4,967.23
DOW   37,986.40
QQQ   414.65
North Carolina medical marijuana sales begin at Cherokee store
Ukrainian and Western leaders laud US aid package while the Kremlin warns of 'further ruin'
Biden sees a $35 price cap for insulin as a pivotal campaign issue. It’s not that clear-cut
'Civil War’ continues box-office campaign at No. 1
Hawaii lawmakers take aim at vacation rentals after Lahaina wildfire amplifies Maui housing crisis
Conservative Brazilians laud Elon Musk at rally in support of ex-president Bolsonaro
Tens of thousands of Colombians protest against the leftist president's reform agenda
NYSE:FE

FirstEnergy (FE) Stock Price, News & Analysis

$38.17
+0.54 (+1.44%)
(As of 04/19/2024 ET)
Today's Range
$37.76
$38.42
50-Day Range
$36.48
$38.62
52-Week Range
$32.18
$41.17
Volume
2.71 million shs
Average Volume
2.54 million shs
Market Capitalization
$21.97 billion
P/E Ratio
21.09
Dividend Yield
4.30%
Price Target
$40.38

FirstEnergy MarketRank™ Stock Analysis

Analyst Rating
Moderate Buy
2.57 Rating Score
Upside/​Downside
5.8% Upside
$40.38 Price Target
Short Interest
Healthy
2.02% of Shares Sold Short
Dividend Strength
Moderate
Based on Four Factors
Sustainability
-7.52
Upright™ Environmental Score
News Sentiment
0.40mentions of FirstEnergy in the last 14 days
Based on 9 Articles This Week
Insider Trading
N/A
Proj. Earnings Growth
7.87%
From $2.67 to $2.88 Per Share

Overall MarketRank

New Rank-Based ScoringMarketRank is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.

3.49 out of 5 stars

Utilities Sector

50th out of 89 stocks

Electric Services Industry

23rd out of 40 stocks

FE stock logo

About FirstEnergy Stock (NYSE:FE)

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. It operates 24,080 circuit miles of overhead and underground transmission lines; and electric distribution systems, including 274,518 miles of overhead pole line and underground conduit carrying primary, secondary, and street lighting circuits. The company serves approximately 6 million customers in Ohio, Pennsylvania, West Virginia, Maryland, New Jersey, and New York. FirstEnergy Corp. was incorporated in 1996 and is headquartered in Akron, Ohio.

FE Stock Price History

FE Stock News Headlines

FirstEnergy (FE) to Release Quarterly Earnings on Thursday
The "Smart Money" Is Ready for May 1st Are You?
Former Wall Street VP: "Buy This Stock Now" Five of America's Most Successful Investors Bought Shares in The Same Company.
The "Smart Money" Is Ready for May 1st Are You?
Former Wall Street VP: "Buy This Stock Now" Five of America's Most Successful Investors Bought Shares in The Same Company.
FirstEnergy Raises Dividend 3.7%
See More Headlines
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Company Calendar

Ex-Dividend for 3/1 Dividend
2/06/2024
Last Earnings
2/09/2024
Dividend Payable
3/01/2024
Today
4/21/2024
Next Earnings (Confirmed)
4/25/2024
Ex-Dividend for 6/1 Dividend
5/06/2024
Dividend Payable
6/01/2024
Fiscal Year End
12/31/2024

Industry, Sector and Symbol

Sector
Utilities
Industry
Electric services
Sub-Industry
Electric Utilities
CUSIP
33793210
Employees
12,042
Year Founded
1997

Price Target and Rating

Average Stock Price Target
$40.38
High Stock Price Target
$45.00
Low Stock Price Target
$35.00
Potential Upside/Downside
+5.8%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.57
Research Coverage
7 Analysts

Profitability

Net Income
$1.10 billion
Pretax Margin
11.38%

Debt

Sales & Book Value

Annual Sales
$12.87 billion
Cash Flow
$4.79 per share
Book Value
$19.02 per share

Miscellaneous

Free Float
575,056,000
Market Cap
$21.97 billion
Optionable
Optionable
Beta
0.48

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Key Executives

  • Mr. Brian X. Tierney (Age 56)
    CEO, President & Director
    Comp: $4.14M
  • Mr. K. Jon Taylor (Age 50)
    Senior VP of Strategy & CFO
    Comp: $1.84M
  • Mr. Toby L. Thomas (Age 53)
    Chief Operating Officer
    Comp: $321.96k
  • Mr. Hyun Park (Age 63)
    Senior VP & Chief Legal Officer
    Comp: $1.4M
  • Mr. Allan Wade Smith (Age 59)
    President of FirstEnergy Utilities
    Comp: $1.53M
  • Mr. Jason J. Lisowski (Age 43)
    VP, Controller & Chief Accounting Officer
  • Mr. Ernest N. Maley
    VP & Chief Information Officer
  • Ms. Irene M. Prezelj (Age 56)
    Vice President of Investor Relations & Communications
  • Mr. Antonio Fernandez
    VP and Chief Ethics & Compliance Officer
  • Ms. Gretchan Sekulich
    Vice President of Communications & Marketing

Should I Buy FirstEnergy Stock? FE Pros and Cons Explained

Pros

Here are some ways that investors could benefit from investing in FirstEnergy Corp.:

  • FirstEnergy Corp. has a strong market capitalization of $21.95 billion, indicating stability and potential for growth.
  • The company operates a diverse portfolio of power generating facilities, including coal-fired, nuclear, hydroelectric, wind, and solar, which reduces risk associated with reliance on a single energy source.
  • Recent analyst ratings have been positive, with an "overweight" rating and a consensus target price of $39.67, suggesting potential for stock price appreciation.
  • FirstEnergy Corp. serves approximately 6 million customers across multiple states, providing a stable revenue stream.
  • The company's 12-month low of $32.18 and high of $41.99 indicate potential for capital gains based on market fluctuations.

Cons

Investors should be bearish about investing in FirstEnergy Corp. for these reasons:

  • FirstEnergy Corp. has a debt-to-equity ratio of 2.10, which may indicate higher financial leverage and increased risk.
  • The company's 50-day moving average of $37.23 and 200-day moving average of $36.66 suggest potential volatility in the stock price.
  • Two investment analysts have rated the stock as "sell," indicating potential concerns about the company's performance.
  • FirstEnergy Corp. has a beta of 0.48, which implies lower volatility compared to the market but may also result in lower returns during bullish market conditions.
  • The company's quick ratio of 0.38 and current ratio of 0.48 may raise concerns about its short-term liquidity and ability to meet immediate financial obligations.
These pros and cons were generated based on recent news and financial data from MarketBeat in order to provide readers with the fastest and most accurate insights. They were last updated on Wednesday, April 10, 2024. Please send any questions or comments about these FirstEnergy pros and cons to contact@marketbeat.com.

FE Stock Analysis - Frequently Asked Questions

Should I buy or sell FirstEnergy stock right now?

7 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for FirstEnergy in the last twelve months. There are currently 3 hold ratings and 4 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "moderate buy" FE shares.
View FE analyst ratings
or view top-rated stocks.

What is FirstEnergy's stock price target for 2024?

7 equities research analysts have issued 12-month price objectives for FirstEnergy's stock. Their FE share price targets range from $35.00 to $45.00. On average, they expect the company's stock price to reach $40.38 in the next year. This suggests a possible upside of 5.8% from the stock's current price.
View analysts price targets for FE
or view top-rated stocks among Wall Street analysts.

How have FE shares performed in 2024?

FirstEnergy's stock was trading at $36.66 at the beginning of 2024. Since then, FE stock has increased by 4.1% and is now trading at $38.17.
View the best growth stocks for 2024 here
.

Are investors shorting FirstEnergy?

FirstEnergy saw a drop in short interest during the month of March. As of March 31st, there was short interest totaling 11,630,000 shares, a drop of 8.8% from the March 15th total of 12,750,000 shares. Based on an average trading volume of 3,500,000 shares, the short-interest ratio is presently 3.3 days.
View FirstEnergy's Short Interest
.

When is FirstEnergy's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Thursday, April 25th 2024.
View our FE earnings forecast
.

How can I listen to FirstEnergy's earnings call?

FirstEnergy will be holding an earnings conference call on Friday, April 26th at 10:00 AM Eastern. Interested parties can register for or listen to the call using this link.

How were FirstEnergy's earnings last quarter?

FirstEnergy Corp. (NYSE:FE) issued its quarterly earnings data on Friday, February, 9th. The utilities provider reported $0.62 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.60 by $0.02. The utilities provider earned $3.20 billion during the quarter, compared to analysts' expectations of $3.10 billion. FirstEnergy had a net margin of 8.56% and a trailing twelve-month return on equity of 13.52%. The business's quarterly revenue was up .0% on a year-over-year basis. During the same period last year, the company posted $0.50 EPS.
Read the conference call transcript
.

How often does FirstEnergy pay dividends? What is the dividend yield for FirstEnergy?

FirstEnergy announced a quarterly dividend on Wednesday, March 20th. Stockholders of record on Tuesday, May 7th will be paid a dividend of $0.425 per share on Saturday, June 1st. This represents a $1.70 annualized dividend and a yield of 4.45%. The ex-dividend date of this dividend is Monday, May 6th. This is an increase from the stock's previous quarterly dividend of $0.41.
Read our dividend analysis for FE
.

Is FirstEnergy a good dividend stock?

FirstEnergy (NYSE:FE) pays an annual dividend of $1.64 per share and currently has a dividend yield of 4.30%. FE has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. The company has been increasing its dividend for 2 consecutive year(s), indicating that it does not yet have a strong track record of dividend growth. The dividend payout ratio is 90.61%. Payout ratios above 75% are not desirable because they may not be sustainable. Based on earnings estimates, FE will have a dividend payout ratio of 56.94% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for FE.

What guidance has FirstEnergy issued on next quarter's earnings?

FirstEnergy updated its FY 2024 earnings guidance on Thursday, February, 8th. The company provided EPS guidance of 0.480-0.580 for the period, compared to the consensus EPS estimate of 0.680. The company issued revenue guidance of -.

What is Chuck Jones' approval rating as FirstEnergy's CEO?

63 employees have rated FirstEnergy Chief Executive Officer Chuck Jones on Glassdoor.com. Chuck Jones has an approval rating of 76% among the company's employees.

What other stocks do shareholders of FirstEnergy own?

Based on aggregate information from My MarketBeat watchlists, some companies that other FirstEnergy investors own include AT&T (T), Intel (INTC), Cisco Systems (CSCO), Exxon Mobil (XOM), Pfizer (PFE), Verizon Communications (VZ), Johnson & Johnson (JNJ), Chevron (CVX), General Electric (GE) and AbbVie (ABBV).

Who are FirstEnergy's major shareholders?

FirstEnergy's stock is owned by a variety of institutional and retail investors. Top institutional shareholders include Allspring Global Investments Holdings LLC (1.55%), Sumitomo Mitsui Trust Holdings Inc. (0.22%), Norden Group LLC (0.05%), State of Alaska Department of Revenue (0.02%), Czech National Bank (0.02%) and Cornerstone Wealth Group LLC (0.01%).
View institutional ownership trends
.

How do I buy shares of FirstEnergy?

Shares of FE stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

Does FirstEnergy have any subsidiaries?
The following companies are subsidiares of FirstEnergy: Allegheny Energy, FirstEnergy Service Company, FirstEnergy Transmission LLC, FirstEnergy Ventures Corp., GPU Inc, Jersey Central Power & Light Company, MARBEL Energy Corporation, Metropolitan Edison Company, Monongahela Power Company, Ohio Edison Company, Pennsylvania Electric Company, The Cleveland Electric Illuminating Compan, The Potomac Edison Company, The Toledo Edison Company, and West Penn Power Company.
Read More
This page (NYSE:FE) was last updated on 4/21/2024 by MarketBeat.com Staff

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