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, 4 hold ratings and 3 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 1 year price targets for FirstEnergy's stock. Their FE share price forecasts range from $39.00 to $48.00. On average, they expect the company's stock price to reach $43.00 in the next year. This suggests a possible upside of 14.8% 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 shares have decreased by 10.7% and is now trading at $37.45.
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FirstEnergy saw a increase in short interest in the month of May. As of May 15th, there was short interest totaling 11,280,000 shares, an increase of 110.8% from the April 30th total of 5,350,000 shares. Based on an average daily trading volume, of 3,980,000 shares, the days-to-cover ratio is currently 2.8 days.
View FirstEnergy's Short Interest.

The company is scheduled to release its next quarterly earnings announcement on Tuesday, July 25th 2023.
View our FE earnings forecast.

FirstEnergy Corp. (NYSE:FE) posted its quarterly earnings data on Friday, April, 28th. The utilities provider reported $0.60 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.61 by $0.01. The utilities provider had revenue of $3.20 billion for the quarter, compared to the consensus estimate of $3.04 billion. FirstEnergy had a net margin of 3.23% and a trailing twelve-month return on equity of 12.60%. FirstEnergy's revenue was up 6.7% compared to the same quarter last year. During the same period in the prior year, the business earned $0.60 earnings per share.
Read the conference call transcript.

FirstEnergy announced a quarterly dividend on Wednesday, March 22nd. Shareholders of record on Friday, May 5th will be given a dividend of $0.39 per share on Thursday, June 1st. This represents a $1.56 dividend on an annualized basis and a yield of 4.17%. The ex-dividend date of this dividend is Thursday, May 4th.
Read our dividend analysis for FE.

ETFs with the largest weight of FirstEnergy (NYSE:FE) stock in their portfolio include Timothy Plan Market Neutral ETF (TPMN), TrueShares Low Volatility Equity Income ETF (DIVZ), Invesco S&P 500 Equal Weight Utilities ETF (RYU), Utilities Select Sector SPDR Fund (XLU), AAM S&P 500 High Dividend Value ETF (SPDV), Vanguard Utilities ETF (VPU), Invesco DWA Utilities Momentum ETF (PUI) and Fidelity MSCI Utilities Index ETF (FUTY).

FirstEnergy (NYSE:FE) pays an annual dividend of $1.56 per share and currently has a dividend yield of 4.25%. FE has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. The dividend payout ratio is 219.72%. 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 58.87% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for FE.

FirstEnergy issued an update on its FY 2023 earnings guidance on Thursday, April, 27th. The company provided EPS guidance of $2.44-$2.64 for the period, compared to the consensus earnings per share estimate of $2.53. 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 many different retail and institutional investors. Top institutional shareholders include State Street Corp (7.51%), BlackRock Inc. (7.48%), Price T Rowe Associates Inc. MD (3.36%), Ameriprise Financial Inc. (2.05%), Boston Partners (2.02%) and Geode Capital Management LLC (2.01%).
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 $37.45.

FirstEnergy (NYSE:FE) has a market capitalization of $21.45 billion and generates $12.46 billion in revenue each year. The utilities provider earns $406 million in net income (profit) each year or $0.71 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.