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NYSE:FE

FirstEnergy (FE) Stock Price, News & Analysis

$37.30
-0.52 (-1.37%)
(As of 02/22/2024 ET)
Today's Range
$37.25
$37.62
50-Day Range
$35.79
$38.74
52-Week Range
$32.18
$41.99
Volume
3.26 million shs
Average Volume
4.10 million shs
Market Capitalization
$21.43 billion
P/E Ratio
20.61
Dividend Yield
4.40%
Price Target
$39.67

FirstEnergy MarketRank™ Stock Analysis

Analyst Rating
Hold
2.25 Rating Score
Upside/​Downside
6.3% Upside
$39.67 Price Target
Short Interest
Healthy
2.32% of Shares Sold Short
Dividend Strength
Moderate
Based on Four Factors
Sustainability
-7.52
Upright™ Environmental Score
News Sentiment
1.12mentions of FirstEnergy in the last 14 days
Based on 13 Articles This Week
Insider Trading
Selling Shares
$469,750 Sold Last Quarter
Proj. Earnings Growth
7.46%
From $2.68 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.

3.60 out of 5 stars

Utilities Sector

48th out of 89 stocks

Electric Services Industry

22nd 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

FE Mar 2024 36.000 put
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We have uncovered perhaps the most unusual AI stock we've ever seen.It's expected to see massive revenue this year - $215 billion.  The company holds over 29,000 patents in the U.S. It pays an enormous dividend.
FirstEnergy Corp. (NYSE:FE) Sees Large Increase in Short Interest
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New Bitcoin ETFs... Trillions in Cash Pouring in… Crypto is Set to Experience Another Major Bull Run.The Event is Scheduled for April 22. See Why This Will Send Crypto Soaring Again Here.
FirstEnergy (NYSE:FE) Stock Rating Lowered by StockNews.com
Decoding FirstEnergy Corp (FE): A Strategic SWOT Insight
FirstEnergy price target lowered by $1 at UBS, here's why
Q4 2023 FirstEnergy Corp Earnings Call
See More Headlines
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Company Calendar

Ex-Dividend for 3/1 Dividend
2/06/2024
Last Earnings
2/09/2024
Today
2/22/2024
Dividend Payable
3/01/2024
Next Earnings (Estimated)
4/25/2024
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
$39.67
High Stock Price Target
$43.00
Low Stock Price Target
$35.00
Potential Upside/Downside
+6.3%
Consensus Rating
Hold
Rating Score (0-4)
2.25
Research Coverage
8 Analysts

Profitability

Net Income
$1.10 billion
Pretax Margin
11.38%

Debt

Sales & Book Value

Annual Sales
$12.87 billion
Cash Flow
$4.81 per share
Book Value
$19.00 per share

Miscellaneous

Free Float
573,981,000
Market Cap
$21.43 billion
Optionable
Optionable
Beta
0.49

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Key Executives

  • Mr. K. Jon Taylor (Age 50)
    Senior VP of Strategy & CFO
    Comp: $1.48M
  • Mr. Hyun Park (Age 63)
    Senior VP & Chief Legal Officer
    Comp: $1.3M
  • Ms. Christine L. WalkerMs. Christine L. Walker (Age 59)
    Senior VP of Corporate Services & Chief Human Resources Officer
    Comp: $763.48k
  • Mr. Brian X. Tierney (Age 56)
    CEO, President & Director
  • Mr. Toby L. Thomas (Age 53)
    Chief Operating Officer
  • 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

These insights were generated using artificial intelligence. They are based on proprietary MarketBeat data, news articles, and custom LLM A.I. algorithms. This analysis of FirstEnergy was last updated on Tuesday, February 20, 2024 at 9:52 PM.

Pros

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

  • FirstEnergy Corp. has a strong track record of consistent earnings growth, which indicates financial stability and potential for future profitability.
  • With a current stock price trading at a reasonable level, there may be an opportunity for capital appreciation as the company continues to perform well.
  • FirstEnergy Corp. operates in the electric services industry, which is essential and relatively stable, providing a steady revenue stream.
  • The company's diversified portfolio of power generating facilities, including coal-fired, nuclear, hydroelectric, wind, and solar, positions it well to adapt to changing market conditions and regulations.
  • FirstEnergy Corp. serves a large customer base across multiple states, indicating a broad market presence and potential for continued growth.

Cons

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

  • FirstEnergy Corp. has a relatively high debt-to-equity ratio of 2.10, which may pose risks in terms of financial leverage and interest payments.
  • The company's stock price performance has shown volatility in the past, with fluctuations that may deter risk-averse investors.
  • Regulatory challenges in the electric utilities industry could impact FirstEnergy Corp.'s operations and profitability, leading to uncertainties for investors.
  • Market competition and technological advancements in renewable energy sources could pose threats to FirstEnergy Corp.'s traditional power generation business model.
  • Investors should closely monitor the company's financial reports and regulatory developments to assess any potential risks that may affect their investment in FirstEnergy Corp.














FE Stock Analysis - Frequently Asked Questions

Should I buy or sell FirstEnergy stock right now?

8 Wall Street equities 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 3 buy ratings for the stock. The consensus among Wall Street equities 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.
View FE analyst ratings
or view top-rated stocks.

What is FirstEnergy's stock price target for 2024?

8 analysts have issued twelve-month price targets for FirstEnergy's stock. Their FE share price targets range from $35.00 to $43.00. On average, they expect the company's stock price to reach $39.67 in the next year. This suggests a possible upside of 6.3% 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 on January 1st, 2024. Since then, FE shares have increased by 1.7% and is now trading at $37.30.
View the best growth stocks for 2024 here
.

Are investors shorting FirstEnergy?

FirstEnergy saw a increase in short interest in the month of January. As of January 31st, there was short interest totaling 13,330,000 shares, an increase of 12.5% from the January 15th total of 11,850,000 shares. Based on an average daily volume of 3,840,000 shares, the short-interest ratio is presently 3.5 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 were FirstEnergy's earnings last quarter?

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

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

FirstEnergy declared a quarterly dividend on Wednesday, December 20th. Stockholders of record on Wednesday, February 7th will be given a dividend of $0.41 per share on Friday, March 1st. This represents a $1.64 dividend on an annualized basis and a yield of 4.40%. The ex-dividend date of this dividend is Tuesday, February 6th.
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 4.41%. 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 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 issued an update on 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 number of institutional and retail investors. Top institutional investors include Capital World Investors (11.88%), Vanguard Group Inc. (11.31%), Price T Rowe Associates Inc. MD (3.36%), Nuveen Asset Management LLC (1.71%), Boston Partners (1.62%) and Allspring Global Investments Holdings LLC (1.54%).
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 2/22/2024 by MarketBeat.com Staff