NYSE:FEFirstEnergy Stock Price, Forecast & News

$42.26

-0.43 (-1.01 %)

(As of 05/29/2020 04:00 PM ET)

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Today's Range

$42.07

Now: $42.26▼

$42.86

50-Day Range

$39.05

MA: $42.04▼

$46.21

52-Week Range

$32.00

Now: $42.26▼

$52.51

Volume4.66 million shs

Average Volume3.34 million shs

Market Capitalization$22.89 billion

P/E Ratio33.81

Dividend Yield3.69%

Beta0.46

FirstEnergy Corp., through its subsidiaries, generates, transmits, and distributes electricity in the United States. The company operates through Regulated Distribution and Regulated Transmission segments. It owns and operates coal-fired, nuclear, hydroelectric, natural gas, wind, and solar power generating facilities. The company also provides energy-related products and services to retail and wholesale customers. It operates 24,506 circuit miles of overhead and underground transmission lines; and electric distribution systems, including 277,284 miles of overhead pole line and underground conduit carrying primary, secondary, and street lighting circuits, as well as owns substations with a total installed transformer capacity of approximately 164,611,989 kilovolt-amperes. The company serves approximately six million customers in Ohio, Pennsylvania, West Virginia, Maryland, New Jersey, and New York. FirstEnergy Corp. was founded in 1996 and is headquartered in Akron, Ohio.

Beat the Market (BTM) Rank^™

3.4 Analyst's Opinion

Consensus Rating
FirstEnergy has received a consensus rating of Buy. The company's average rating score is 2.70, and is based on 7 buy ratings, 3 hold ratings, and no sell ratings.
Price Target Upside/Downside
According to analysts' consensus price target of $47.45, FirstEnergy has a potential upside of 12.3% from its current price of $42.26.
Amount of Analyst Coverage
FirstEnergy has been the subject of 7 research reports in the past 90 days, demonstrating strong analyst interest in this stock.

2.0 Community Rank

Outperform Votes
FirstEnergy has received 508 “outperform” votes. (Add your “outperform” vote.)
Underperform Votes
FirstEnergy has received 786 “underperform” votes. (Add your “underperform” vote.)
Community Sentiment
FirstEnergy has received 60.74% “underperform” votes from our community.

MarketBeat's community ratings are surveys of what our community members think about FirstEnergy and other stocks. Vote “Outperform” if you believe FE will outperform the S&P 500 over the long term. Vote “Underperform” if you believe FE will underperform the S&P 500 over the long term. You may vote once every thirty days.

3.3 Dividend Strength

Dividend Leadership
FirstEnergy is a leading dividend payer. It pays a dividend yield of 3.69%, putting its dividend yield in the top 25% of dividend-paying stocks.
Dividend Growth
FirstEnergy has only been increasing its dividend for 1 years.
Dividend Coverage
The dividend payout ratio of FirstEnergy is 60.47 %. This payout ratio is at a healthy, sustainable level, below 75%.
Dividend Sustainability
Based on earnings estimates, FirstEnergy will have a dividend payout ratio of 59.32 % next year. This indicates that FirstEnergy will be able to sustain or increase its dividend.

1.0 Company Ownership

Insider Buying vs. Insider Selling
In the past three months, FirstEnergy insiders have not sold or bought any company stock.
Percentage Held by Insiders
Only 0.28% of the stock of FirstEnergy is held by insiders.
Percentage Held by Institutions
84.53% of the stock of FirstEnergy is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

0.6 Earnings and Valuation

Earnings Growth
Earnings for FirstEnergy are expected to grow by 6.05% in the coming year, from $2.48 to $2.63 per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of FirstEnergy is 33.81, which means that it is trading at a more expensive P/E ratio than the market average P/E ratio of about 14.46.
Price to Earnings Ratio vs. Sector
The P/E ratio of FirstEnergy is 33.81, which means that it is trading at a more expensive P/E ratio than the Utilities sector average P/E ratio of about 27.91.
Price to Book Value per Share Ratio
FirstEnergy has a P/B Ratio of 3.36. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities.

Overall Beat the Market Rank^™

2.06 out of 5 stars

Industry, Sector and Symbol

Stock Exchange NYSE

Industry Electric services

Sub-IndustryElectric Utilities

SectorUtilities

Current SymbolNYSE:FE

Previous Symbol

CUSIP33793210

CIK1031296

Webwww.firstenergycorp.com

Phone800-736-3402

Debt

Debt-to-Equity Ratio3.06

Current Ratio0.54

Quick Ratio0.46

Price-To-Earnings

Trailing P/E Ratio33.81

Forward P/E Ratio17.04

P/E GrowthN/A

Sales & Book Value

Annual Sales$11.04 billion

Price / Sales2.07

Cash Flow$4.83 per share

Price / Cash Flow8.75

Book Value$12.58 per share

Price / Book3.36

Profitability

EPS (Most Recent Fiscal Year)$2.58

Net Income$912 million

Net Margins6.13%

Return on Equity19.57%

Return on Assets3.32%

Miscellaneous

Employees12,316

Outstanding Shares541,750,000

Market Cap$22.89 billion

Next Earnings Date7/28/2020 (Estimated)

OptionableOptionable

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FirstEnergy (NYSE:FE) Frequently Asked Questions

How has FirstEnergy's stock been impacted by COVID-19 (Coronavirus)?

FirstEnergy's stock was trading at $43.13 on March 11th, 2020 when COVID-19 reached pandemic status according to the World Health Organization (WHO). Since then, FE shares have decreased by 2.0% and is now trading at $42.26. View which stocks have been most impacted by Coronavirus.

Do Wall Street analysts recommend investors buy shares of FirstEnergy?

10 Wall Street analysts have issued "buy," "hold," and "sell" ratings for FirstEnergy in the last year. There are currently 3 hold ratings and 7 buy ratings for the stock, resulting in a consensus recommendation of "Buy." View analyst ratings for FirstEnergy.

When is FirstEnergy's next earnings date?

FirstEnergy is scheduled to release its next quarterly earnings announcement on Tuesday, July 28th 2020. View our earnings forecast for FirstEnergy.

How were FirstEnergy's earnings last quarter?

FirstEnergy Corp. (NYSE:FE) announced its earnings results on Thursday, April, 23rd. The utilities provider reported $0.66 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.63 by $0.03. The utilities provider earned $2.70 billion during the quarter, compared to the consensus estimate of $2.87 billion. FirstEnergy had a return on equity of 19.57% and a net margin of 6.13%. The firm's quarterly revenue was down 6.9% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.67 earnings per share. View FirstEnergy's earnings history.

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

FirstEnergy declared a quarterly dividend on Tuesday, March 17th. Shareholders of record on Thursday, May 7th will be given a dividend of $0.39 per share on Monday, June 1st. This represents a $1.56 annualized dividend and a yield of 3.69%. The ex-dividend date is Wednesday, May 6th. View FirstEnergy's dividend history.

What guidance has FirstEnergy issued on next quarter's earnings?

FirstEnergy issued an update on its FY20 earnings guidance on Thursday, April, 23rd. The company provided EPS guidance of $2.40-2.60 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $2.46.

What price target have analysts set for FE?

10 analysts have issued 12-month price targets for FirstEnergy's shares. Their forecasts range from $41.00 to $54.00. On average, they anticipate FirstEnergy's share price to reach $47.45 in the next twelve months. This suggests a possible upside of 12.3% from the stock's current price. View analysts' price targets for FirstEnergy.

Has FirstEnergy been receiving favorable news coverage?

News coverage about FE stock has been trending very negative on Sunday, according to InfoTrie. The research group ranks the sentiment of press coverage by monitoring more than six thousand news and blog sources in real time. The firm ranks coverage of companies on a scale of -5 to 5, with scores closest to five being the most favorable. FirstEnergy earned a media sentiment score of -3.4 on InfoTrie's scale. They also gave media stories about the utilities provider a news buzz of 0.0 out of 10, meaning that recent press coverage is extremely unlikely to have an impact on the company's share price in the next several days. View the latest news aboutFirstEnergy.

Who are some of FirstEnergy's key competitors?

Some companies that are related to FirstEnergy include NextEra Energy (NEE), Duke Energy (DUK), Southern (SO), American Electric Power (AEP), Exelon (EXC), Xcel Energy (XEL), Eversource Energy (ES), PPL (PPL), Edison International (EIX), Entergy (ETR), Pinnacle West Capital (PNW), OGE Energy (OGE), IDACORP (IDA), Hawaiian Electric Industries (HE) and Portland General Electric (POR). View all competitors.

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), Verizon Communications (VZ), Cisco Systems (CSCO), Exxon Mobil (XOM), Pfizer (PFE), Bank of America (BAC), General Electric (GE), AbbVie (ABBV), Amgen (AMGN) and Dominion Energy (D).

Who are FirstEnergy's key executives?

FirstEnergy's management team includes the following people:

Mr. Charles E. Jones Jr., Pres, CEO & Director (Age 63)
Mr. Steven E. Strah, Sr. VP & CFO (Age 55)
Ms. Leila L. Vespoli Esq., Exec. VP of Corp. Strategy & Regulatory Affairs and Chief Legal Officer (Age 59)
Mr. James F. Pearson, Exec. VP of Fin. (Age 65)
Mr. Samuel L. Belcher, Sr. VP & Pres of FirstEnergy Utilities (Age 51)

What is FirstEnergy's stock symbol?

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

Who are FirstEnergy's major shareholders?

FirstEnergy's stock is owned by many different retail and institutional investors. Top institutional shareholders include BlackRock Inc. (10.66%), State Street Corp (7.37%), Massachusetts Financial Services Co. MA (5.48%), Nuveen Asset Management LLC (2.30%), Pictet Asset Management Ltd. (1.91%) and Invesco Ltd. (1.66%). Company insiders that own FirstEnergy stock include Christopher D Pappas, James F Pearson and Leila L Vespoli. View institutional ownership trends for FirstEnergy.

Which institutional investors are selling FirstEnergy stock?

FE stock was sold by a variety of institutional investors in the last quarter, including Cohen & Steers Inc., Luminus Management LLC, Invesco Ltd., Squarepoint Ops LLC, Massachusetts Financial Services Co. MA, Nuveen Asset Management LLC, Deutsche Bank AG, and Wedge Capital Management L L P NC. View insider buying and selling activity for FirstEnergy.

Which institutional investors are buying FirstEnergy stock?

FE stock was bought by a variety of institutional investors in the last quarter, including Pictet Asset Management Ltd., Zimmer Partners LP, Prudential PLC, BlackRock Inc., Kingstown Capital Management L.P., Sumitomo Mitsui Trust Holdings Inc., Castle Hook Partners LP, and Banco Santander S.A.. View insider buying and selling activity for FirstEnergy.

How do I buy shares of FirstEnergy?

Shares of FE can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.

What is FirstEnergy's stock price today?

One share of FE stock can currently be purchased for approximately $42.26.

How big of a company is FirstEnergy?

FirstEnergy has a market capitalization of $22.89 billion and generates $11.04 billion in revenue each year. The utilities provider earns $912 million in net income (profit) each year or $2.58 on an earnings per share basis. FirstEnergy employs 12,316 workers across the globe.

What is FirstEnergy's official website?

The official website for FirstEnergy is www.firstenergycorp.com.

How can I contact FirstEnergy?

FirstEnergy's mailing address is 76 SOUTH MAIN ST, AKRON OH, 44308. The utilities provider can be reached via phone at 800-736-3402 or via email at [email protected]

This page was last updated on 5/31/2020 by MarketBeat.com Staff