FirstEnergy - FE Stock Forecast, Price & News

8 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, 3 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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8 brokers have issued 12-month target prices for FirstEnergy's shares. Their FE share price forecasts range from $38.00 to $51.00. On average, they expect the company's share price to reach $44.13 in the next year. This suggests a possible upside of 11.7% 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 5.8% and is now trading at $39.52.
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FirstEnergy saw a increase in short interest in the month of January. As of January 15th, there was short interest totaling 7,490,000 shares, an increase of 28.5% from the December 31st total of 5,830,000 shares. Based on an average daily volume of 3,470,000 shares, the days-to-cover ratio is currently 2.2 days.
View FirstEnergy's Short Interest.

The company is scheduled to release its next quarterly earnings announcement on Monday, February 13th 2023.
View our FE earnings forecast.

FirstEnergy will be holding an earnings conference call on Tuesday, February 14th at 11:00 AM Eastern. Interested parties can register for or listen to the call using this link.

FirstEnergy Corp. (NYSE:FE) released its quarterly earnings results on Thursday, October, 28th. The utilities provider reported $0.82 earnings per share for the quarter, topping analysts' consensus estimates of $0.79 by $0.03. The utilities provider earned $3.10 billion during the quarter, compared to the consensus estimate of $3.11 billion. FirstEnergy had a trailing twelve-month return on equity of 13.76% and a net margin of 10.35%. FirstEnergy's quarterly revenue was up 3.3% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.84 earnings per share.
Read the conference call transcript.

FirstEnergy declared a quarterly dividend on Tuesday, December 13th. Investors of record on Tuesday, February 7th will be paid a dividend of $0.39 per share on Wednesday, March 1st. This represents a $1.56 annualized dividend and a dividend yield of 3.95%. The ex-dividend date of this dividend is Monday, February 6th.
Read our dividend analysis for FE.

FirstEnergy (NYSE:FE) pays an annual dividend of $1.56 per share and currently has a dividend yield of 3.80%. The dividend payout ratio is 71.23%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, FE will have a dividend payout ratio of 63.67% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for FE.

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 institutional and retail investors. Top institutional shareholders include Allspring Global Investments Holdings LLC (1.45%), Bank of Montreal Can (0.62%), Sumitomo Mitsui Trust Holdings Inc. (0.27%), New York State Teachers Retirement System (0.11%), New York State Common Retirement Fund (0.11%) and Gateway Investment Advisers LLC (0.06%).
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 $39.52.

FirstEnergy (NYSE:FE) has a market capitalization of $22.60 billion and generates $11.13 billion in revenue each year. The utilities provider earns $1.28 billion in net income (profit) each year or $2.19 on an earnings per share basis.

The company employs 12,395 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.