FirstEnergy Stock Price, News & Analysis (NYSE:FE)

9 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for FirstEnergy in the last year. There are currently 1 sell rating, 4 hold ratings and 4 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "hold" FE shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in FE, but not buy additional shares or sell existing shares.
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9 brokerages have issued 1 year price targets for FirstEnergy's shares. Their FE share price targets range from $35.00 to $45.00. On average, they predict the company's share price to reach $40.00 in the next twelve months. This suggests a possible upside of 6.8% from the stock's current price.
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FirstEnergy's stock was trading at $41.94 at the start of the year. Since then, FE shares have decreased by 10.7% and is now trading at $37.46.
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FirstEnergy saw a increase in short interest in the month of October. As of October 31st, there was short interest totaling 10,880,000 shares, an increase of 11.2% from the October 15th total of 9,780,000 shares. Based on an average daily volume of 3,500,000 shares, the short-interest ratio is currently 3.1 days.
View FirstEnergy's Short Interest.

The company is scheduled to release its next quarterly earnings announcement on Monday, February 12th 2024.
View our FE earnings forecast.

FirstEnergy Corp. (NYSE:FE) issued its quarterly earnings results on Friday, October, 27th. The utilities provider reported $0.88 earnings per share for the quarter, topping the consensus estimate of $0.85 by $0.03. The utilities provider earned $3.50 billion during the quarter, compared to analysts' expectations of $3.54 billion. FirstEnergy had a net margin of 4.06% and a trailing twelve-month return on equity of 12.93%. The company's revenue was up .7% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.79 EPS.
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FirstEnergy declared a quarterly dividend on Tuesday, September 26th. Investors of record on Friday, December 1st will be given a dividend of $0.41 per share on Tuesday, November 7th. This represents a $1.64 dividend on an annualized basis and a yield of 4.38%. The ex-dividend date of this dividend is Monday, November 6th. This is an increase from the stock's previous quarterly dividend of $0.39.
Read our dividend analysis for FE.

FirstEnergy (NYSE:FE) pays an annual dividend of $1.64 per share and currently has a dividend yield of 4.39%. FE has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. The company does not yet have a strong track record of dividend growth. The dividend payout ratio is 205.00%. 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 61.42% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for FE.

ETFs with the largest weight of FirstEnergy (NYSE:FE) stock in their portfolio include TrueShares Low Volatility Equity Income ETF (DIVZ), Invesco S&P 500 Equal Weight Utilities ETF (RYU), Invesco S&P 500 Equal Weight Utilities ETF (RSPU), Utilities Select Sector SPDR Fund (XLU), Invesco Dorsey Wright Utilities Momentum ETF (PUI), Vanguard Utilities ETF (VPU), Fidelity MSCI Utilities Index ETF (FUTY) and AAM S&P 500 High Dividend Value ETF (SPDV).

FirstEnergy issued an update on its fourth quarter earnings guidance on Thursday, October, 26th. The company provided earnings per share (EPS) guidance of $0.55-0.65 for the period, compared to the consensus EPS estimate of $0.63.

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.

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).

FirstEnergy's stock is owned by many different institutional and retail investors. Top institutional shareholders include FMR LLC (2.76%), Invesco Ltd. (2.37%), Boston Partners (1.85%), Ameriprise Financial Inc. (1.84%), Allspring Global Investments Holdings LLC (1.50%) and Morgan Stanley (1.39%).
View institutional ownership trends.

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