FirstEnergy - FE Stock Forecast, Price & News

9 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for FirstEnergy in the last twelve months. There are currently 1 sell rating, 4 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.
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9 brokerages have issued twelve-month target prices for FirstEnergy's stock. Their FE share price forecasts range from $38.00 to $51.00. On average, they predict the company's share price to reach $43.56 in the next twelve months. This suggests a possible upside of 13.5% from the stock's current price.
View analysts price targets for FE or view top-rated stocks among Wall Street analysts.

FirstEnergy's stock was trading at $41.94 at the beginning of the year. Since then, FE stock has decreased by 8.5% and is now trading at $38.36.
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FirstEnergy saw a increase in short interest during the month of February. As of February 28th, there was short interest totaling 9,660,000 shares, an increase of 67.4% from the February 13th total of 5,770,000 shares. Based on an average daily volume of 3,620,000 shares, the short-interest ratio is presently 2.7 days.
View FirstEnergy's Short Interest.

The company is scheduled to release its next quarterly earnings announcement on Thursday, April 20th 2023.
View our FE earnings forecast.

FirstEnergy Corp. (NYSE:FE) released its quarterly earnings results on Monday, February, 13th. The utilities provider reported $0.50 EPS for the quarter, missing analysts' consensus estimates of $0.53 by $0.03. The utilities provider earned $3.20 billion during the quarter, compared to analyst estimates of $2.45 billion. FirstEnergy had a net margin of 3.26% and a trailing twelve-month return on equity of 13.16%. The business's quarterly revenue was up 18.5% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.51 earnings per share.
Read the conference call transcript.

FirstEnergy announced a quarterly dividend on Wednesday, March 22nd. Investors of record on Friday, May 5th will be given a dividend of $0.39 per share on Thursday, June 1st. This represents a $1.56 annualized dividend and a dividend yield of 4.07%.
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), Utilities Select Sector SPDR Fund (XLU), Invesco DWA Utilities Momentum ETF (PUI), AAM S&P 500 High Dividend Value ETF (SPDV), Fidelity MSCI Utilities Index ETF (FUTY), Vanguard Utilities ETF (VPU) and iShares U.S. Utilities ETF (IDU).

FirstEnergy (NYSE:FE) pays an annual dividend of $1.56 per share and currently has a dividend yield of 3.87%. The dividend payout ratio is 219.72%. 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 57.99% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for FE.

FirstEnergy issued an update on its FY23 earnings guidance on Monday, February, 13th. The company provided EPS guidance of $2.44-2.64 for the period, compared to the consensus EPS estimate of $2.48.

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 trades on the New York Stock Exchange (NYSE) under the ticker symbol "FE."

FirstEnergy's stock is owned by many different retail and institutional investors. Top institutional shareholders include Price T Rowe Associates Inc. MD (3.45%), Boston Partners (2.03%), Geode Capital Management LLC (1.96%), Allspring Global Investments Holdings LLC (1.45%), Morgan Stanley (1.31%) and Legal & General Group Plc (1.00%).
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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One share of FE stock can currently be purchased for approximately $38.36.

FirstEnergy (NYSE:FE) has a market capitalization of $21.95 billion and generates $12.46 billion in revenue each year. The utilities provider earns $406 million in net income (profit) each year or $0.71 on an earnings per share basis.

The company employs 12,335 workers across the globe.

FirstEnergy's mailing address is 76 SOUTH MAIN ST, AKRON OH, 44308. The official website for the company is www.firstenergycorp.com. The utilities provider can be reached via phone at (800) 736-3402, via email at firstenergy@amstock.com, or via fax at 330-384-3866.