About FirstEnergy Corporation (NYSE:FE)
FirstEnergy Corp. is a holding company. The Company is engaged in holding, directly or indirectly, all of the outstanding equity of its principal subsidiaries. Its segments include Regulated Distribution, Regulated Transmission, Competitive Energy Services (CES) and Corporate/Other. As of December 31, 2016, the Regulated Distribution segment distributed electricity through the Company's 10 utility operating companies, serving approximately six million customers, and purchased power for its provider of last resort (POLR), standard offer service (SOS), standard offer service (SSO) and default service requirements in Ohio, Pennsylvania, New Jersey and Maryland. The Regulated Transmission segment transmits electricity through transmission facilities owned and operated by American Transmission Systems, Incorporated (ATSI) and Trans-Allegheny Interstate Line Company (TrAIL). The CES segment primarily supplies electricity to end use customers through retail and wholesale arrangements.
Industry, Sector and Symbol:
- Sector: Utilities
- Industry: Electric Utilities
- Sub-Industry: Electric Utilities
- Symbol: NYSE:FE
- CUSIP: 33793210
- Web: www.firstenergycorp.com
- Market Cap: $14.28 billion
- Outstanding Shares: 444,304,000
- 50 Day Moving Avg: $31.59
- 200 Day Moving Avg: $30.71
- 52 Week Range: $27.93 - $34.83
Sales & Book Value:
- Trailing P/E Ratio: N/A
- Foreward P/E Ratio: 12.75
- P/E Growth: -1.98
- Annual Revenue: $13.76 billion
- Price / Sales: 1.04
- Book Value: $14.22 per share
- Price / Book: 2.26
- Annual Dividend: $1.44
- Dividend Yield: 4.5%
- EBITDA: $3.96 billion
- Net Margins: -35.59%
- Return on Equity: 15.41%
- Return on Assets: 2.56%
- Debt-to-Equity Ratio: 3.26%
- Current Ratio: 0.59%
- Quick Ratio: 0.47%
- Average Volume: 4.12 million shs.
- Beta: 0.19
- Short Ratio: 2.7
Frequently Asked Questions for FirstEnergy Corporation (NYSE:FE)
What is FirstEnergy Corporation's stock symbol?
FirstEnergy Corporation trades on the New York Stock Exchange (NYSE) under the ticker symbol "FE."
How often does FirstEnergy Corporation pay dividends? What is the dividend yield for FirstEnergy Corporation?
FirstEnergy Corporation declared a quarterly dividend on Tuesday, September 19th. Investors of record on Tuesday, November 7th will be paid a dividend of $0.36 per share on Friday, December 1st. This represents a $1.44 annualized dividend and a yield of 4.48%. The ex-dividend date is Monday, November 6th. View FirstEnergy Corporation's Dividend History.
How were FirstEnergy Corporation's earnings last quarter?
FirstEnergy Corporation (NYSE:FE) released its quarterly earnings results on Thursday, July, 27th. The company reported $0.61 EPS for the quarter, meeting the Thomson Reuters' consensus estimate of $0.61. The company had revenue of $3.30 billion for the quarter, compared to analyst estimates of $3.38 billion. FirstEnergy Corporation had a positive return on equity of 15.41% and a negative net margin of 35.59%. The business's revenue was down 3.0% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.56 EPS. View FirstEnergy Corporation's Earnings History.
When will FirstEnergy Corporation make its next earnings announcement?
What guidance has FirstEnergy Corporation issued on next quarter's earnings?
FirstEnergy Corporation updated its FY17 earnings guidance on Thursday, July, 27th. The company provided earnings per share (EPS) guidance of $2.70-3.00 for the period, compared to the Thomson Reuters consensus estimate of $2.80. FirstEnergy Corporation also updated its Q3 guidance to $0.75-0.90 EPS.
Where is FirstEnergy Corporation's stock going? Where will FirstEnergy Corporation's stock price be in 2017?
14 brokers have issued 12-month target prices for FirstEnergy Corporation's shares. Their forecasts range from $31.25 to $40.00. On average, they expect FirstEnergy Corporation's stock price to reach $34.30 in the next twelve months. View Analyst Ratings for FirstEnergy Corporation.
What are analysts saying about FirstEnergy Corporation stock?
Here are some recent quotes from research analysts about FirstEnergy Corporation stock:
- 1. According to Zacks Investment Research, "Shares of FirstEnergy's have gained higher than the industry in the last three months. FirstEnergy’s modernization drive and new generation asset additions have led to its ambitious “Energizing the Future” plan aimed at upgrading and expanding its transmission capabilities. FirstEnergy is also gaining from industrial load growth. The company is working to transform itself into a regulated company by mid of 2018. It has secured regulatory approvals for base rate increase in Pennsylvania, New Jersey and Ohio which are expected to boost its top line in 2017. However, FirstEnergy’s higher debt/capital ratio compared with peers may further drive up its cost of capital in the rising interest rate environment. High competition in the wholesale and retail electric markets can affect its top line. In addition, stringent regulatory norms, mild weather and intensifying competition are some of the headwinds." (9/26/2017)
- 2. Goldman Sachs Group, Inc. (The) analysts commented, "Following significant underperformance, with FE ' versus the XLU ' down 10%/19%/27% over the last 6, 12 and 24 months, we upgrade FE to Buy given (1) an attractive relative valuation on a sum of the parts basis ' even after assuming a drag related to the non-regulated or competitive segment, and (2) potential positive catalysts which highlight the value of the core regulated segments. We recognize challenges exist for FE's merchant power segment. But with FE discussing restructuring options, based on EIX's experience in 2012-2014, we view a potential resolution as a positive catalyst, driving an SOTP implied total return of 14% vs. 2% for peers under coverage." (3/23/2017)
- 3. Jefferies Group LLC analysts commented, "FE reported in-line quarterly estimates and, keeping with their plan to become a regulated utility, took a $9.2B charge associated with the write-down of their competitive assets. While we believe management will be successful in transitioning the company we struggle to see the stock achieving a "regulatedtype" valuation during this period and maintain our Hold rating." (2/23/2017)
Who are some of FirstEnergy Corporation's key competitors?
Some companies that are related to FirstEnergy Corporation include Consolidated Edison (ED), Edison International (EIX), Xcel Energy (XEL), Public Service Enterprise Group Incorporated (PEG), Korea Electric Power Corporation (KEP), WEC Energy Group (WEC), DTE Energy Company (DTE), Eversource Energy (ES), Fortis (FTS), Entergy Corporation (ETR), Sse Plc (SSE), Enersis Americas S.A. (ENIA), Alliant Energy (LNT), Pinnacle West Capital Corporation (PNW), CPFL Energia S.A. (CPL), Vistra Energy Corp. (VST), NRG Energy (NRG) and Westar Energy (WR).
Who are FirstEnergy Corporation's key executives?
FirstEnergy Corporation's management team includes the folowing people:
- Charles Edward Jones Jr., President, Chief Executive Officer, Director
- James F. Pearson, Chief Financial Officer, Executive Vice President
- Steven E. Strah, Senior Vice President
- K. Jon Taylor, Chief Accounting Officer, Vice President, Controller
- Ebony L. Yeboah-Amankwah, Vice President, Corporate Secretary
- Yeboah Amankwah, Vice President - State and Federal Regulatory Legal Affairs
- Leila L. Vespoli, Executive Vice President, Corporate Strategy, Regulatory Affairs and Chief Legal Officer
- George M. Smart, Non-Executive Independent Chairman of the Board
- Paul T. Addison, Independent Director
- Michael J. Anderson CPA, Independent Director
Who owns FirstEnergy Corporation stock?
FirstEnergy Corporation's stock is owned by many different of retail and institutional investors. Top institutional investors include PGGM Investments (0.09%), Crow Point Partners LLC (0.07%), Robeco Institutional Asset Management B.V. (0.06%), Mutual of America Capital Management LLC (0.02%) and Shell Asset Management Co. (0.01%). Company insiders that own FirstEnergy Corporation stock include Charles D Lasky, Donald R Schneider, Donald T Misheff and Steven E Strah. View Institutional Ownership Trends for FirstEnergy Corporation.
Who sold FirstEnergy Corporation stock? Who is selling FirstEnergy Corporation stock?
FirstEnergy Corporation's stock was sold by a variety of institutional investors in the last quarter, including PGGM Investments and Robeco Institutional Asset Management B.V.. Company insiders that have sold FirstEnergy Corporation stock in the last year include Charles D Lasky and Donald R Schneider. View Insider Buying and Selling for FirstEnergy Corporation.
Who bought FirstEnergy Corporation stock? Who is buying FirstEnergy Corporation stock?
FirstEnergy Corporation's stock was purchased by a variety of institutional investors in the last quarter, including Crow Point Partners LLC, Shell Asset Management Co. and Mutual of America Capital Management LLC. Company insiders that have bought FirstEnergy Corporation stock in the last two years include Donald T Misheff and Steven E Strah. View Insider Buying and Selling for FirstEnergy Corporation.
How do I buy FirstEnergy Corporation stock?
Shares of FirstEnergy Corporation can be purchased through any online brokerage account. Popular online brokerages include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.
What is FirstEnergy Corporation's stock price today?
MarketBeat Community Rating for FirstEnergy Corporation (NYSE FE)MarketBeat's community ratings are surveys of what our community members think about FirstEnergy Corporation and other stocks. Vote "Outperform" if you believe the stock will outperform the S&P 500 over the long term. Vote "Underperform" if you believe the stock will underperform the S&P 500 over the long term. You may vote once every thirty days.
One share of FirstEnergy Corporation stock can currently be purchased for approximately $32.13.
Consensus Ratings for FirstEnergy Corporation (NYSE:FE) (How are Consensus Ratings Calculated?)
MarketBeat calculates consensus ratings using the most recent rating from each brokerage that has rated a stock within the last twelve months. Since brokers often use different ratings systems, each rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings. Each stock's consensus rating is derived from its calculated consensus ratings score (0-1.5 = Sell, 1.5-2.5 = Hold, 2.5-3.5 = Buy, >3.5 = Strong Buy). MarketBeat's consensus price targets are a mean average of the most recent available price targets set by each analyst that has set a price target for the stock in the last twelve months.
MarketBeat will no longer include ratings and price target data in its consensus calculation if a broker drops coverage and MarketBeat has received a report that coverage was dropped. Ratings from certain research firms that issue ratings using purely quantitative methods (such as Zacks, Vetr and ValuEngine) are not included in consensus calculations. MarketBeat's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.
|Ratings Breakdown: ||10 Hold Ratings, 4 Buy Ratings|
|Consensus Rating:||Hold (Score: 2.29)|
|Consensus Price Target: ||$34.30 (6.74% upside)|Consensus Price Target History for FirstEnergy Corporation (NYSE:FE)
Analysts' Ratings History for FirstEnergy Corporation (NYSE:FE)
(Data available from 10/20/2015 forward)
|Date||Firm||Action||Rating||Price Target||Impact on Share Price||Details|
|10/17/2017||Citigroup Inc.||Boost Price Target||Neutral||$31.00 -> $34.00||N/A|
|10/17/2017||Deutsche Bank AG||Upgrade||Hold -> Buy||N/A|
|10/12/2017||J P Morgan Chase & Co||Set Price Target||Hold||$32.00 -> $34.00||N/A|
|9/8/2017||Morgan Stanley||Boost Price Target||Overweight||$39.00 -> $40.00||Low|
|8/14/2017||Evercore ISI||Upgrade||In-Line -> Outperform||$30.00 -> $35.00||Low|
|7/31/2017||Jefferies Group LLC||Reiterated Rating||Hold||$31.00 -> $33.00||Low|
|7/14/2017||Tudor Pickering||Upgrade||Trim -> Hold||Medium|
|6/26/2017||Goldman Sachs Group, Inc. (The)||Downgrade||Positive -> Neutral||Low|
|6/26/2017||Wolfe Research||Upgrade||Underperform -> Market Perform||$30.00 -> $32.00||Low|
|6/19/2017||Barclays PLC||Reiterated Rating||Overweight||$36.00 -> $37.00||Low|
|1/10/2017||Wells Fargo & Co||Downgrade||Outperform -> Market Perform||N/A|
|1/4/2017||Royal Bank Of Canada||Set Price Target||Hold||$33.00||N/A|
|8/8/2016||Bank of America Corporation||Upgrade||Neutral -> Buy||$41.00 -> $40.00||N/A|
|5/20/2016||BMO Capital Markets||Reiterated Rating||Hold||$35.00||N/A|
|3/28/2016||Macquarie||Lower Price Target||Outperform||$40.00 -> $36.50||N/A|
|12/3/2015||Guggenheim||Upgrade||Neutral -> Buy||$39.00||N/A|
Earnings History for FirstEnergy Corporation (NYSE:FE)Earnings History by Quarter for FirstEnergy Corporation (NYSE FE)
(Data available from 1/1/2011 forward)
|Date||Quarter||Consensus Estimate||Actual EPS||Revenue Estimate||Actual Revenue||Release Link||Conference Call||Details|
|7/27/2017||Q2 2017||$0.61||$0.61||$3.38 billion||$3.30 billion||View||N/A|
|4/27/2017||Q1 2017||$0.71||$0.78||$3.64 billion||$3.60 billion||View||N/A|
|2/21/2017||Q416||$0.40||$0.38||$3.82 billion||$3.40 billion||View||N/A|
|11/4/2016||Q316||$0.76||$0.90||$3.83 billion||$3.92 billion||View||N/A|
|7/28/2016||Q216||$0.54||$0.56||$3.38 billion||$3.40 billion||View||N/A|
|4/26/2016||Q116||$0.75||$0.80||$3.86 billion||$3.90 billion||View||N/A|
|2/16/2016||Q415||$0.57||$0.58||$3.92 billion||$3.54 billion||View||Listen|
|10/29/2015||Q315||$0.88||$0.98||$3.99 billion||$4.10 billion||View||Listen|
|7/30/2015||Q215||$0.48||$0.53||$3.31 billion||$3.50 billion||View||Listen|
|5/1/2015||Q115||$0.52||$0.62||$3.67 billion||$3.90 billion||View||N/A|
|2/17/2015||Q414||$0.76||$0.80||$4.29 billion||$3.50 billion||View||N/A|
|11/4/2014||Q314||$0.88||$0.89||$4.12 billion||$3.90 billion||View||N/A|
|8/5/2014||Q214||$0.45||$0.48||$3.32 billion||$3.50 billion||View||N/A|
|5/6/2014||Q114||$0.41||$0.39||$3.26 billion||$4.19 billion||View||N/A|
|8/6/2013||Q2 2013||$0.54||$0.59||$3.61 billion||View||Listen|
|5/7/2013||Q1 2013||$0.67||$0.76||$3.66 billion||View||Listen|
|2/25/2013||Q4 2012||$0.80||$0.80||$4.60 billion||View||Listen|
Earnings Estimates for FirstEnergy Corporation (NYSE:FE)
2017 EPS Consensus Estimate: $2.74
(Data provided by Zacks Investment Research)
|Quarter||Number of Estimates||Low Estimate||High Estimate||Average Estimate|
Current Dividend Information for FirstEnergy Corporation (NYSE:FE)
|Dividend Growth:||-13.20% (3 Year Average)|
|Payout Ratio:||-12.31% (Trailing 12 Months of Earnings) |
51.06% (Based on This Year's Estimates)
57.14% (Based on Next Year's Estimates)
Dividend History by Quarter for FirstEnergy Corporation (NYSE FE)
(Data available from 1/1/2013 forward)
|Announced||Period||Amount||Yield||Ex-Dividend Date||Record Date||Payable Date|
Insider Trading and Institutional Ownership History for FirstEnergy Corporation (NYSE:FE)
Insider Ownership Percentage: 0.29%Insider Trades by Quarter for FirstEnergy Corporation (NYSE:FE)
Institutional Ownership Percentage: 80.02%
(Data available from 1/1/2013 forward)
|Transaction Date||Insider Name||Title||Buy/Sell||Number of Shares||Average Share Price||Total Transaction||Details|
|9/11/2017||Donald T Misheff||Director||Buy||100||$32.53||$3,253.00|| |
|12/20/2016||Charles D Lasky||SVP||Sell||5,149||$31.36||$161,472.64|| |
|12/20/2016||Donald R Schneider||Insider||Sell||6,525||$31.36||$204,624.00|| |
|3/14/2016||Steven E Strah||SVP||Buy||560||$35.59||$19,930.40|| |
|5/4/2015||Anthony J Alexander||Chairman||Sell||54,436||$36.85||$2,005,966.60|| |
|2/26/2015||Bennett L Gaines||SVP||Sell||5,400||$35.78||$193,212.00|| |
|12/26/2014||Lynnette M Cavalier||VP||Sell||10,000||$40.00||$400,000.00|| |
|12/11/2014||Lynnette M Cavalier||VP||Sell||7,500||$38.00||$285,000.00|| |
|10/9/2014||Lynnette M Cavalier||VP||Sell||5,000||$35.00||$175,000.00|| |
|8/13/2014||Bennett L Gaines||SVP||Sell||5,400||$32.25||$174,150.00|| |
|5/29/2014||Donald R Schneider||Insider||Sell||13,264||$33.48||$444,078.72|| |
|5/15/2014||Charles Jones||EVP||Sell||14,010||$32.28||$452,242.80|| |
|3/12/2014||Michael Dowling||SVP||Sell||4,379||$30.80||$134,873.20|| |
|8/5/2013||Lynnette Cavalier||VP||Sell||12,838||$37.34||$479,370.92|| |
|6/28/2013||Charles E Jones||SVP||Sell||2,000||$37.11||$74,220.00|| |
|8/22/2012||James H Lash||Insider||Sell||13,925||$45.68||$636,094.00|| |
Headline Trends for FirstEnergy Corporation (NYSE:FE)
Latest Headlines for FirstEnergy Corporation (NYSE:FE)
FirstEnergy Corporation (FE) Chart for Friday, October, 20, 2017