FirstEnergy (FE) Stock Forecast, Price & News

10 Wall Street 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 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.

10 Wall Street research analysts have issued 1 year price targets for FirstEnergy's stock. Their FE share price forecasts range from $37.00 to $45.00. On average, they predict the company's share price to reach $41.50 in the next year. This suggests a possible upside of 17.8% 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 start of the year. Since then, FE stock has decreased by 16.0% and is now trading at $35.24.
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FirstEnergy saw a decrease in short interest during the month of September. As of September 15th, there was short interest totaling 10,680,000 shares, a decrease of 6.2% from the August 31st total of 11,380,000 shares. Based on an average daily trading volume, of 2,990,000 shares, the short-interest ratio is presently 3.6 days.
View FirstEnergy's Short Interest.

The company is scheduled to release its next quarterly earnings announcement on Tuesday, October 24th 2023.
View our FE earnings forecast.

FirstEnergy Corp. (NYSE:FE) posted its quarterly earnings data on Tuesday, August, 1st. The utilities provider reported $0.47 EPS for the quarter, beating the consensus estimate of $0.46 by $0.01. The utilities provider had revenue of $3.01 billion for the quarter, compared to analysts' expectations of $2.89 billion. FirstEnergy had a net margin of 3.55% and a trailing twelve-month return on equity of 12.41%.
Read the conference call transcript.

FirstEnergy declared a quarterly dividend on Tuesday, September 26th. Shareholders 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 annualized dividend and a yield of 4.65%. This is a positive change from the stock's previous quarterly dividend of $0.39.
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 (NYSE:FE) pays an annual dividend of $1.56 per share and currently has a dividend yield of 4.34%. FE has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. The dividend payout ratio is 197.47%. 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 updated its FY 2023 earnings guidance on Tuesday, August, 1st. The company provided earnings per share (EPS) guidance of $2.44-$2.64 for the period, compared to the consensus earnings per share estimate of $2.54. The company issued revenue guidance of -.

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 a number of institutional and retail investors. Top institutional shareholders include Capital World Investors (7.58%), State Street Corp (7.47%), BlackRock Inc. (7.28%), Icahn Carl C (2.46%), Boston Partners (2.00%) and Geode Capital Management LLC (2.00%).
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 $35.24.

FirstEnergy (NYSE:FE) has a market capitalization of $20.21 billion and generates $12.46 billion in revenue each year. The utilities provider earns $406 million in net income (profit) each year or $0.79 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.