FirstEnergy Corp., through its subsidiaries, generates, transmits, and distributes electricity in the United States. It operates through Regulated Distribution and Regulated Transmission segments. The company owns and operates coal-fired, nuclear, hydroelectric, natural gas, wind, and solar power generating facilities. It operates 24,074 circuit miles of overhead and underground transmission lines; and electric distribution systems, including 273,295 miles of overhead pole line and underground conduit carrying primary, secondary, and street lighting circuits. The company serves approximately 6 million customers in Ohio, Pennsylvania, West Virginia, Maryland, New Jersey, and New York. FirstEnergy Corp. was incorporated in 1996 and is headquartered in Akron, Ohio.
FirstEnergy Stock Down 0.1 %
FE Stock traded down $0.06 during trading on Friday, reaching $41.13. The stock had a trading volume of 29,351 shares, compared to its average volume of 3,922,802. FirstEnergy has a one year low of $35.32 and a one year high of $48.85. The company has a quick ratio of 0.66, a current ratio of 0.75 and a debt-to-equity ratio of 1.84. The company's 50 day moving average is $38.47 and its two-hundred day moving average is $41.76. The company has a market capitalization of $23.50 billion, a price-to-earnings ratio of 16.74, a P/E/G ratio of 2.68 and a beta of 0.44.
FirstEnergy (NYSE:FE - Get Rating) last announced its quarterly earnings results on Tuesday, July 26th. The utilities provider reported $0.53 EPS for the quarter, beating analysts' consensus estimates of $0.52 by $0.01. FirstEnergy had a net margin of 11.78% and a return on equity of 15.13%. During the same quarter in the previous year, the company posted $0.59 EPS. Equities research analysts forecast that FirstEnergy will post 2.4 EPS for the current year.
FirstEnergy Dividend Announcement
The firm also recently announced a quarterly dividend, which will be paid on Thursday, September 1st. Investors of record on Friday, August 5th will be issued a dividend of $0.39 per share. This represents a $1.56 annualized dividend and a dividend yield of 3.79%. The ex-dividend date is Thursday, August 4th. FirstEnergy's dividend payout ratio is currently 63.41%.
Analyst Upgrades and Downgrades
A number of research analysts have recently weighed in on FE shares. Bank of America downgraded FirstEnergy from a "buy" rating to a "neutral" rating and cut their price target for the company from $52.00 to $44.00 in a research note on Monday, May 16th. Credit Suisse Group began coverage on FirstEnergy in a report on Monday, April 25th. They set an "outperform" rating and a $51.00 target price for the company. Morgan Stanley raised their price objective on FirstEnergy from $45.00 to $49.00 and gave the company an "overweight" rating in a report on Thursday, July 21st. Wells Fargo & Company cut their target price on shares of FirstEnergy from $49.00 to $44.00 and set an "equal weight" rating for the company in a research note on Thursday, July 28th. Finally, Mizuho cut their target price on shares of FirstEnergy from $41.00 to $40.00 and set a "neutral" rating for the company in a research note on Tuesday, June 7th. Five research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to MarketBeat, the company currently has a consensus rating of "Hold" and an average price target of $45.25.