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NYSE:FE

FirstEnergy (FE) Stock Price, News & Analysis

$38.65
-0.17 (-0.44%)
(As of 06/12/2024 ET)
Today's Range
$38.52
$39.17
50-Day Range
$36.83
$40.43
52-Week Range
$32.18
$40.65
Volume
2.26 million shs
Average Volume
3.10 million shs
Market Capitalization
$22.24 billion
P/E Ratio
22.21
Dividend Yield
4.40%
Price Target
$40.27

FirstEnergy MarketRank™ Stock Analysis

Analyst Rating
Hold
2.30 Rating Score
Upside/​Downside
4.2% Upside
$40.27 Price Target
Short Interest
Healthy
2.03% of Shares Sold Short
Dividend Strength
Moderate
Based on Four Factors
Sustainability
-7.52
Upright™ Environmental Score
News Sentiment
0.94mentions of FirstEnergy in the last 14 days
Based on 11 Articles This Week
Insider Trading
N/A
Proj. Earnings Growth
7.84%
From $2.68 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.

4.01 out of 5 stars

Utilities Sector

35th out of 87 stocks

Electric Services Industry

16th out of 42 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

Imprisoned former Ohio House Speaker Larry Householder pleads not guilty to new charges
Imprisoned former Ohio House Speaker Larry Householder has pleaded not guilty to 10 felony counts brought against him by the state
FirstEnergy Holds 2024 Annual Meeting
See More Headlines
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Company Calendar

Last Earnings
4/25/2024
Ex-Dividend for 6/1 Dividend
5/06/2024
Dividend Payable
6/01/2024
Today
6/12/2024
Next Earnings (Estimated)
8/06/2024
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
$40.27
High Stock Price Target
$46.00
Low Stock Price Target
$35.00
Potential Upside/Downside
+3.7%
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
$4.78 per share
Book Value
$19.02 per share

Miscellaneous

Free Float
574,653,000
Market Cap
$22.35 billion
Optionable
Optionable
Beta
0.50

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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 shown consistent revenue growth over the past few quarters, indicating a strong financial performance.
  • The company has a stable dividend payout history, providing investors with a reliable income stream.
  • FirstEnergy Corp. has been investing in renewable energy projects, positioning itself well for the shift towards sustainable energy sources.
  • The current stock price of FirstEnergy Corp. is undervalued compared to its peers in the industry, presenting a potential buying opportunity.
  • With a diversified portfolio of energy assets, FirstEnergy Corp. is well-positioned to weather market fluctuations and regulatory changes.

Cons

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

  • FirstEnergy Corp. has faced legal challenges and regulatory scrutiny in recent years, leading to uncertainties surrounding its future operations.
  • The energy sector is highly competitive and volatile, exposing FirstEnergy Corp. to risks associated with market fluctuations and geopolitical events.
  • There have been concerns raised about the company's debt levels, which could impact its financial flexibility and ability to pursue growth opportunities.
  • FirstEnergy Corp. operates in a heavily regulated industry, subject to changes in government policies and environmental regulations that could affect its profitability.
  • Recent controversies surrounding the company's business practices have raised questions about its corporate governance and reputation among investors.
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 Saturday, June 8, 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?

10 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for FirstEnergy in the last year. There are currently 1 sell rating, 5 hold ratings and 4 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?

10 brokers have issued twelve-month price objectives for FirstEnergy's stock. Their FE share price targets range from $35.00 to $46.00. On average, they predict the company's stock price to reach $40.27 in the next twelve months. This suggests a possible upside of 4.2% 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 5.4% and is now trading at $38.65.
View the best growth stocks for 2024 here
.

Are investors shorting FirstEnergy?

FirstEnergy saw a decrease in short interest during the month of May. As of May 31st, there was short interest totaling 11,680,000 shares, a decrease of 6.6% from the May 15th total of 12,500,000 shares. Based on an average daily volume of 2,610,000 shares, the days-to-cover ratio is currently 4.5 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 Tuesday, August 6th 2024.
View our FE earnings forecast
.

How were FirstEnergy's earnings last quarter?

FirstEnergy Corp. (NYSE:FE) issued its quarterly earnings results on Thursday, April, 25th. The utilities provider reported $0.55 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.53 by $0.02. The utilities provider had revenue of $3.29 billion for the quarter, compared to the consensus estimate of $3.36 billion. FirstEnergy had a trailing twelve-month return on equity of 12.45% and a net margin of 8.22%.

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

FirstEnergy announced a quarterly dividend on Wednesday, March 20th. Investors of record on Tuesday, May 7th will be given a dividend of $0.425 per share on Saturday, June 1st. This represents a $1.70 annualized dividend and a dividend yield of 4.40%. 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 $1.70 per share and currently has a dividend yield of 4.37%. 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 97.70%. 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 58.82% 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, April, 25th. The company provided earnings per share guidance of 2.610-2.810 for the period, compared to the consensus EPS estimate of 2.680. 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 many different institutional and retail investors. Top institutional investors include Capital World Investors (13.54%), Vanguard Group Inc. (11.20%), Price T Rowe Associates Inc. MD (2.61%), Boston Partners (1.65%), Allspring Global Investments Holdings LLC (1.55%) and Zimmer Partners LP (0.64%).
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 6/12/2024 by MarketBeat.com Staff

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