FirstEnergy Corp. Company Profile (NYSE:FE)

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

FirstEnergy Corp. announced a quarterly dividend on Tuesday, March 21st. Stockholders of record on Friday, May 5th will be paid a dividend of $0.36 per share on Thursday, June 1st. This represents a $1.44 dividend on an annualized basis and a dividend yield of 4.98%. The ex-dividend date of this dividend is Wednesday, May 3rd. View FirstEnergy Corp.'s Dividend History.

FirstEnergy Corp. (NYSE:FE) announced its quarterly earnings results on Thursday, April, 27th. The company reported $0.78 earnings per share for the quarter, topping analysts' consensus estimates of $0.71 by $0.07. The firm had revenue of $3.60 billion for the quarter, compared to analyst estimates of $3.64 billion. FirstEnergy Corp. had a positive return on equity of 10.06% and a negative net margin of 4.12%. FirstEnergy Corp.'s quarterly revenue was down 7.7% compared to the same quarter last year. During the same period last year, the company posted $0.80 EPS. View FirstEnergy Corp.'s Earnings History.

FirstEnergy Corp. updated its FY17 earnings guidance on Thursday, April, 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 $2.77. FirstEnergy Corp. also updated its Q2 guidance to $0.55-0.65 EPS.

13 equities research analysts have issued twelve-month price targets for FirstEnergy Corp.'s shares. Their predictions range from $31.00 to $40.00. On average, they anticipate FirstEnergy Corp.'s stock price to reach $34.43 in the next twelve months. View Analyst Ratings for FirstEnergy Corp..

Here are some recent quotes from research analysts about FirstEnergy Corp. stock:

• 1. Goldman Sachs Group Inc 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)
• 2. 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)
• 3. According to Zacks Investment Research, "FirstEnergy’s broadening regulated base and growth in transmission business are expected to boost earnings. FirstEnergy’s modernization drive will boost the company’s service reliability and lead to customer retention.This has led to its ambitious “Energizing the Future” plan aimed at upgrading and expanding its transmission capabilities. The company expects to generate positive cash flows through 2018. However, stringent regulatory norms and intensifying competition are some of the headwinds. A higher debt/capital ratio compared with peers and a negative outlook by rating agency may drive its cost of capital. The current rate of return from the company’s share is lower compared with the return from the broader industry in the last twelve months." (12/19/2016)
• 4. Bank of America Corp analysts commented, "With new CEO Chuck Jones at the helm, the company appears poised to discuss initiatives that could reduce operating expenses," said the analysts, noting the company spends roughly $2.6 billion in fuel/commodity purchases, operating expenses and corporate spending.Related Link: Morgan Stanley Upgrades FirstEnergy To Overweight They believe FirstEnergy will aim to reduce this by roughly 5–10 percent over the next one to two years, with most of this from the competitive side."We find FirstEnergy's focus on balance sheet repair, deregulated stabilization, and regulated growth to be a welcome shift. Prior utilities shifting from deregulation (Dominion, Duke, AEP to name a few) have tended to see boosted relative valuations and improved financials since the last recession," (8/8/2016)

Some companies that are related to FirstEnergy Corp. include Consolidated Edison (ED), Korea Electric Power (KEP), Xcel Energy (XEL), WEC Energy Group (WEC), DTE Energy Co (DTE), Entergy (ETR), Ameren Corp (AEE), CMS Energy (CMS), Huaneng Power International (HNP), Pinnacle West Capital (PNW), SCANA (SCG), Alliant Energy (LNT), AES Corp (AES), OGE Energy Corp. (OGE), Pepco Holdings LLC (POM), Enel Generacion Chile SA (EOCC), Great Plains Energy Incorporated (GXP) and Calpine (CPN).

FirstEnergy Corp.'s stock is owned by many different of institutional and retail investors. Top institutional shareholders include BlackRock Inc. (8.73%), Vanguard Group Inc. (8.12%), State Street Corp (7.74%), LSV Asset Management (3.17%), Bank of New York Mellon Corp (2.44%) and Renaissance Technologies LLC (1.38%). Company insiders that own FirstEnergy Corp. stock include Charles D Lasky, Donald R Schneider and Steven E Strah. View Institutional Ownership Trends for FirstEnergy Corp..

FirstEnergy Corp.'s stock was sold by a variety of institutional investors in the last quarter, including State Street Corp, AQR Capital Management LLC, Parametric Portfolio Associates LLC, Great West Life Assurance Co. Can, Wells Fargo & Company MN, Renaissance Technologies LLC, TIAA CREF Investment Management LLC and Westpac Banking Corp. Company insiders that have sold FirstEnergy Corp. stock in the last year include Charles D Lasky and Donald R Schneider. View Insider Buying and Selling for FirstEnergy Corp..

FirstEnergy Corp.'s stock was bought by a variety of institutional investors in the last quarter, including BlackRock Inc., Bank of New York Mellon Corp, Vanguard Group Inc., Prudential Financial Inc., Bank of America Corp DE, LSV Asset Management, Cibc World Markets Corp and American Century Companies Inc.. View Insider Buying and Selling for FirstEnergy Corp..

Shares of FirstEnergy Corp. can be purchased through any online brokerage account. Popular online brokerages include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.

One share of FirstEnergy Corp. stock can currently be purchased for approximately $28.92.