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NYSE:FE

FirstEnergy (FE) Stock Price, News & Analysis

$40.94
+0.49 (+1.21%)
(As of 07/26/2024 ET)
Today's Range
$40.53
$41.05
50-Day Range
$38.17
$40.94
52-Week Range
$32.18
$41.05
Volume
2.02 million shs
Average Volume
2.95 million shs
Market Capitalization
$23.56 billion
P/E Ratio
23.53
Dividend Yield
4.15%
Price Target
$40.55

FirstEnergy MarketRank™ Stock Analysis

Analyst Rating
Hold
2.30 Rating Score
Upside/​Downside
1.0% Downside
$40.55 Price Target
Short Interest
Healthy
1.97% of Shares Sold Short
Dividend Strength
Moderate
Based on Four Factors
Sustainability
-7.52
Upright™ Environmental Score
News Sentiment
0.47mentions of FirstEnergy in the last 14 days
Based on 20 Articles This Week
Insider Trading
N/A
Proj. Earnings Growth
7.43%
From $2.69 to $2.89 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.

3.21 out of 5 stars

Utilities Sector

60th out of 90 stocks

Electric Services Industry

27th out of 43 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 Corp. Announces Quarterly Dividend of $0.43 (NYSE:FE)
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Company Calendar

Last Earnings
2/09/2024
Ex-Dividend for 6/1 Dividend
5/06/2024
Dividend Payable
6/01/2024
Today
7/26/2024
Next Earnings (Confirmed)
7/30/2024
Ex-Dividend for 9/1 Dividend
8/07/2024
Dividend Payable
9/01/2024
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
$40.55
High Stock Price Target
$45.00
Low Stock Price Target
$35.00
Potential Upside/Downside
-0.4%
Consensus Rating
Hold
Rating Score (0-4)
2.30
Research Coverage
10 Analysts

Profitability

Net Income
$1.10 billion
Pretax Margin
11.34%

Debt

Sales & Book Value

Annual Sales
$12.87 billion
Cash Flow
$4.82 per share
Book Value
$19.02 per share

Miscellaneous

Free Float
575,056,000
Market Cap
$23.44 billion
Optionable
Optionable
Beta
0.49

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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 consistent track record of paying dividends, with a recent increase in dividend payout, providing investors with a reliable income stream.
  • Analysts have given FirstEnergy Corp. a consensus rating of "Hold" with a price target of $40.09, indicating potential for stock price appreciation.
  • FirstEnergy Corp. reported earnings per share (EPS) of $0.55 for the last quarter, beating analysts' estimates, showcasing strong financial performance.
  • The company has a market cap of $22.34 billion, indicating its position as a significant player in the utilities sector.
  • FirstEnergy Corp. has a beta of 0.50, suggesting lower volatility compared to the market average, which may appeal to risk-averse investors.

Cons

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

  • FirstEnergy Corp. has a price-to-earnings ratio of 22.44, which may indicate that the stock is relatively expensive compared to industry peers.
  • Bank of America recently issued an "underperform" rating on FirstEnergy Corp., suggesting potential downside risk in the stock price.
  • The company's debt-to-equity ratio of 1.59 may raise concerns about its leverage and financial stability.
  • FirstEnergy Corp.'s stock price has been relatively stagnant, trading down 0.7% recently, indicating potential lack of short-term growth.
  • While the company has a history of dividend payments, the payout ratio of 97.70% raises questions about sustainability and future growth.
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 Friday, July 5, 2024. Please send any questions or comments about these FirstEnergy pros and cons to contact@marketbeat.com.

FE Stock Analysis - Frequently Asked Questions

How have FE shares performed this year?

FirstEnergy's stock was trading at $36.66 at the start of the year. Since then, FE shares have increased by 11.7% and is now trading at $40.94.
View the best growth stocks for 2024 here
.

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 for the quarter, topping analysts' consensus estimates of $0.60 by $0.02. The company's revenue for the quarter was up .0% on a year-over-year basis.
Read the conference call transcript
.

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.

Does FirstEnergy have any subsidiaries?

The following companies are subsidiaries of FirstEnergy: Allegheny Energy, GPU Inc, MARBEL Energy Corporation, FirstEnergy Service Company, FirstEnergy Transmission LLC, FirstEnergy Ventures Corp., Jersey Central Power & Light Company, and more.

Who are FirstEnergy's major shareholders?

FirstEnergy's top institutional investors include Allspring Global Investments Holdings LLC (1.50%), Sumitomo Mitsui Trust Holdings Inc. (0.23%), Raymond James & Associates (0.09%) and New York State Teachers Retirement System (0.08%).
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.

What other stocks do shareholders of FirstEnergy own?

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

This page (NYSE:FE) was last updated on 7/26/2024 by MarketBeat.com Staff

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