FirstEnergy Corporation Company Profile (NYSE:FE)

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

FirstEnergy Corporation declared a quarterly dividend on Tuesday, July 18th. Stockholders of record on Monday, August 7th will be paid a dividend of $0.36 per share on Friday, September 1st. This represents a $1.44 annualized dividend and a dividend yield of 4.48%. The ex-dividend date of this dividend is Thursday, August 3rd. View FirstEnergy Corporation's Dividend History.

FirstEnergy Corporation (NYSE:FE) issued its quarterly earnings data on Thursday, July, 27th. The company reported $0.61 EPS for the quarter, meeting analysts' consensus estimates of $0.61. The business earned $3.30 billion during the quarter, compared to analysts' expectations of $3.38 billion. FirstEnergy Corporation had a positive return on equity of 14.62% and a negative net margin of 35.59%. The business's quarterly revenue was down 3.0% on a year-over-year basis. During the same period in the prior year, the company earned $0.56 earnings per share. View FirstEnergy Corporation's Earnings History.

FirstEnergy Corporation updated its FY17 earnings guidance on Thursday, July, 27th. The company provided earnings per share guidance of $2.70-3.00 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $2.80. FirstEnergy Corporation also updated its Q3 guidance to $0.75-0.90 EPS.

14 equities research analysts have issued twelve-month price targets for FirstEnergy Corporation's shares. Their predictions range from $31.00 to $40.00. On average, they anticipate FirstEnergy Corporation's share price to reach $33.93 in the next year. View Analyst Ratings for FirstEnergy Corporation.

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

• 1. According to Zacks Investment Research, "Year to date shares of FirstEnergy have lagged the return from the broader industry. A higher debt/capital ratio compared with peers may further drive up its cost of capital in the rising interest rate environment. In addition, stringent regulatory norms and intensifying competition are some of the headwinds. The company’s modernization drive and new generation asset additions will further strengthen its 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 is working to transform itself into a regulated company by mid of 2018." (7/4/2017)
• 2. Goldman Sachs Group, Inc. (The) 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)
• 3. 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)
• 4. Bank of America Corporation 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 Corporation include Korea Electric Power Corporation (KEP), Edison International (EIX), Consolidated Edison (ED), Xcel Energy (XEL), Public Service Enterprise Group Incorporated (PEG), WEC Energy Group (WEC), DTE Energy Company (DTE), Eversource Energy (ES), Sse Plc (SSE), Entergy Corporation (ETR), Enersis Americas S.A. (ENIA), Pinnacle West Capital Corporation (PNW), Scana Corporation (SCG), Alliant Energy Corporation (LNT), CPFL Energia S.A. (CPL), NRG Energy (NRG), The AES Corporation (AES) and Westar Energy (WR).

FirstEnergy Corporation's management team includes the folowing people:

• Charles Edward Jones Jr., President, Chief Executive Officer, Director
• James F. Pearson, Chief Financial Officer, Executive Vice President
• James H. Lash, Executive Vice President; President - FirstEnergy Generation
• Steven E. Strah, Senior Vice President
• K. Jon Taylor, Chief Accounting Officer, Vice President, Controller
• Yeboah Amankwah, Vice President - State and Federal Regulatory Legal Affairs
• Leila L. Vespoli, Executive Vice President, Corporate Strategy, Regulatory Affairs and Chief Legal Officer
• George M. Smart, Non-Executive Independent Chairman of the Board
• Paul T. Addison, Independent Director
• Michael J. Anderson CPA, Independent Director

FirstEnergy Corporation's stock is owned by many different of institutional and retail investors. Top institutional shareholders include Great West Life Assurance Co. Can (0.41%), APG Asset Management N.V. (0.32%), State of New Jersey Common Pension Fund D (0.26%), Hexavest Inc. (0.21%), PGGM Investments (0.14%) and Chevy Chase Trust Holdings Inc. (0.11%). Company insiders that own FirstEnergy Corporation stock include Charles D Lasky, Donald R Schneider and Steven E Strah. View Institutional Ownership Trends for FirstEnergy Corporation.

FirstEnergy Corporation's stock was sold by a variety of institutional investors in the last quarter, including Hexavest Inc., Russell Investments Group Ltd., Meag Munich Ergo Kapitalanlagegesellschaft MBH, Bank of Montreal Can, Aperio Group LLC, Nisa Investment Advisors LLC, Chevy Chase Trust Holdings Inc. and Exxonmobil Investment Management Inc. TX. Company insiders that have sold FirstEnergy Corporation stock in the last year include Charles D Lasky and Donald R Schneider. View Insider Buying and Selling for FirstEnergy Corporation.

FirstEnergy Corporation's stock was bought by a variety of institutional investors in the last quarter, including Great West Life Assurance Co. Can, State of New Jersey Common Pension Fund D, APG Asset Management N.V., Bowling Portfolio Management LLC, Mn Services Vermogensbeheer B.V., CrestPoint Capital Management LLC, National Pension Service and Miller Howard Investments Inc. NY. View Insider Buying and Selling for FirstEnergy Corporation.

Shares of FirstEnergy Corporation 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 Corporation stock can currently be purchased for approximately $32.15.