NYSE:FE

FirstEnergy - FE Stock Forecast, Price & News

$41.09

-0.10 (-0.24%)

(As of 08/19/2022 03:10 PM ET)

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Today's Range: $40.87
▼
$41.33
50-Day Range: $35.91
▼
$41.21
52-Week Range: $35.32
▼
$48.85

Volume: 83,902 shs
Average Volume: 3.92 million shs
Market Capitalization: $23.48 billion

P/E Ratio: 16.70
Dividend Yield: 3.82%
Price Target: $45.25

FirstEnergy MarketRank™ Forecast

Analyst Rating: Moderate Buy
2.50 Rating Score
Upside/Downside: 9.5% Upside
$45.25 Price Target
Short Interest: Healthy
0.94% of Shares Sold Short
Dividend Strength: Strong
Based on Four Factors
Sustainability: -7.52
Upright™ Environmental Score
News Sentiment: 0.11
Based on 16 Articles This Week
Insider Trading: N/A
Proj. Earnings Growth: 5.42%
From $2.40 to $2.53 Per Share

Overall MarketRank^™

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

2.37 out of 5 stars

Utilities Sector

19th out of 87 stocks

Electric Services Industry

8th out of 42 stocks

2.3

Analyst's Opinion

Consensus Rating
FirstEnergy has received a consensus rating of Buy. The company's average rating score is 2.50, and is based on 4 buy ratings, 4 hold ratings, and no sell ratings.
Price Target Upside/Downside
According to analysts' consensus price target of $45.25, FirstEnergy has a forecasted upside of 9.5% from its current price of $41.32.
Amount of Analyst Coverage
FirstEnergy has been the subject of 5 research reports in the past 90 days, demonstrating strong analyst interest in this stock.

5.0

Short Interest

Percentage of Shares Shorted
0.94% of the outstanding shares of FirstEnergy have been sold short.
Short Interest Ratio / Days to Cover
FirstEnergy has a short interest ratio ("days to cover") of 1.4, which is generally considered an acceptable ratio of short interest to trading volume.
Change versus previous month
Short interest in FirstEnergy has recently decreased by 15.62%, indicating that investor sentiment is improving significantly.

3.3

Dividend Strength

Dividend Leadership
FirstEnergy is a leading dividend payer. It pays a dividend yield of 3.82%, putting its dividend yield in the top 25% of dividend-paying stocks.
Dividend Growth
FirstEnergy does not have a long track record of dividend growth.
Dividend Coverage
The dividend payout ratio of FirstEnergy is 63.41%. 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 61.66% next year. This indicates that FirstEnergy will be able to sustain or increase its dividend.

0.3

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score
FirstEnergy has received a -83.13% net impact score from Upright. The largest negative impact of FirstEnergy in category "GHG emissions" is driven by its "Electricity produced with coal", "Electricity transmission and distribution services", and "Electricity produced with hydropower" products. See details.
Environmental Sustainability
The Environmental Impact score for FirstEnergy is -7.52.

2.8

News and Social Media Coverage

News Sentiment
FirstEnergy has a news sentiment score of 0.11. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a lower news sentiment than the 0.40 average news sentiment score of Utilities companies.
News Coverage This Week
MarketBeat has tracked 16 news articles for FirstEnergy this week, compared to 6 articles on an average week.
Search Interest
25 people have searched for FE on MarketBeat in the last 30 days. This is an increase of 79% compared to the previous 30 days.
MarketBeat Follows
8 people have added FirstEnergy to their MarketBeat watchlist in the last 30 days. This is an increase of 167% compared to the previous 30 days.

1.7

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 0.20% of the stock of FirstEnergy is held by insiders.
Percentage Held by Institutions
87.78% of the stock of FirstEnergy is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

1.9

Earnings and Valuation

Earnings Growth
Earnings for FirstEnergy are expected to grow by 5.42% in the coming year, from $2.40 to $2.53 per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of FirstEnergy is 16.80, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 125.19.
Price to Earnings Ratio vs. Sector
The P/E ratio of FirstEnergy is 16.80, which means that it is trading at a less expensive P/E ratio than the Utilities sector average P/E ratio of about 123.72.
Price to Earnings Growth Ratio
FirstEnergy has a PEG Ratio of 2.68. PEG Ratios above 1 indicate that a company could be overvalued.
Price to Book Value per Share Ratio
FirstEnergy has a P/B Ratio of 2.09. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

See Top Rated MarketRank™ Stocks Here

About FirstEnergy (NYSE:FE) Stock

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.

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FE Stock News Headlines

August 18, 2022 | reuters.com

Boies Schiller tripped up in apparent conflict in FirstEnergy derivative suit - Reuters

August 18, 2022 | finance.yahoo.com

FirstEnergy Foundation Completes Final Round of "Investing with Purpose" Grants to Community Organizations

August 16, 2022 | finance.yahoo.com

FirstEnergy Ohio Utilities’ Competitive Bidding Process Auction: Information Session for Prospective Bidders on Wednesday, August 17, 2022 - Yahoo Finance

August 16, 2022 | nasdaq.com

FirstEnergy (FE) to Close Three-Year Grid Modernization Project - Nasdaq

August 16, 2022 | finance.yahoo.com

FirstEnergy (FE) to Close Three-Year Grid Modernization Project

August 16, 2022 | businesswire.com

FirstEnergy Ohio Utilities' Competitive Bidding Process Auction: Information Session for Prospective Bidders on Wednesday, August 17, 2022 - Business Wire

August 15, 2022 | seekingalpha.com

FirstEnergy set to launch West Virginia solar plan after closing ash landfill (NYSE:FE) - Seeking Alpha

August 15, 2022 | finance.yahoo.com

FirstEnergy (FE) Benefits From Investment & Debt Management - Yahoo Finance

August 15, 2022 | finance.yahoo.com

FirstEnergy Completes Closure of West Virginia Ash Landfill Following Successful Beneficial Reuse Initiative

August 14, 2022 | americanbankingnews.com

FirstEnergy Corp. (NYSE:FE) Receives $45.25 Consensus Price Target from Brokerages

August 12, 2022 | finance.yahoo.com

Top Stock Reports for Eli Lilly, CVS Health & Target

August 11, 2022 | americanbankingnews.com

FirstEnergy Corp. (NYSE:FE) Receives Consensus Rating of "Hold" from Brokerages

August 10, 2022 | finance.yahoo.com

FirstEnergy Upgrading Transmission Equipment Via Helicopter in Northeast Ohio

August 1, 2022 | americanbankingnews.com

FirstEnergy (NYSE:FE) Issues Q3 2022 Earnings Guidance

August 1, 2022 | americanbankingnews.com

FirstEnergy (NYSE:FE) Updates Q3 2022 Earnings Guidance

July 31, 2022 | americanbankingnews.com

FirstEnergy (NYSE:FE) Releases FY 2022 Earnings Guidance

July 31, 2022 | nasdaq.com

FirstEnergy Corp. (NYSE:FE) Stock Goes Ex-Dividend In Just Three Days - Nasdaq

July 30, 2022 | americanbankingnews.com

Wells Fargo & Company Lowers FirstEnergy (NYSE:FE) Price Target to $44.00

July 29, 2022 | investors.com

FirstEnergy Shows Improved Relative Price Performance; Still Shy Of Benchmark - Investor's Business Daily

July 29, 2022 | finance.yahoo.com

FirstEnergy (NYSE:FE) Has Affirmed Its Dividend Of $0.39

July 28, 2022 | finance.yahoo.com

Is Now The Time To Put FirstEnergy (NYSE:FE) On Your Watchlist?

July 28, 2022 | seekingalpha.com

FirstEnergy Q2 Earnings: The Future Looks Bright

July 28, 2022 | americanbankingnews.com

FirstEnergy (NYSE:FE) Upgraded to "Buy" by StockNews.com

July 27, 2022 | benzinga.com

FirstEnergy's Return On Invested Capital Overview - Benzinga - Benzinga

July 27, 2022 | finance.yahoo.com

Met-Ed Completes Upgrade to Electric System in Monroe County

See More Headlines

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FE Company Calendar

Ex-Dividend for 6/1 Dividend: 5/05/2022
Dividend Payable: 6/01/2022
Last Earnings: 7/26/2022
Ex-Dividend for 9/1 Dividend: 8/04/2022
Today: 8/19/2022
Dividend Payable: 9/01/2022
Next Earnings (Estimated): 10/27/2022
Fiscal Year End: 12/31/2022

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Industry, Sector and Symbol

Stock Exchange: NYSE
Industry: Electric services
Sub-Industry: Electric Utilities
Sector: Utilities
Current Symbol: NYSE:FE
CUSIP: 33793210
CIK: 1031296
Web: www.firstenergycorp.com
Phone: (800) 736-3402
Fax: 330-384-3866
Employees: 12,395
Year Founded: 1997

Price Target and Rating

Average Stock Price Forecast: $45.25
High Stock Price Forecast: $51.00
Low Stock Price Forecast: $40.00
Forecasted Upside/Downside: +10.1%
Consensus Rating: Moderate Buy
Rating Score (0-4): 2.50
Research Coverage: 8 Analysts

Profitability

EPS (Most Recent Fiscal Year): $2.46
Trailing P/E Ratio: 16.70
Forward P/E Ratio: 17.12
P/E Growth: 2.68
Net Income: $1.28 billion
Net Margins: 11.78%
Pretax Margin: 13.76%
Return on Equity: 15.13%
Return on Assets: 3.06%

Debt

Debt-to-Equity Ratio: 1.84
Current Ratio: 0.75
Quick Ratio: 0.66

Sales & Book Value

Annual Sales: $11.13 billion
Price / Sales: 2.11
Cash Flow: $5.58 per share
Price / Cash Flow: 7.37
Book Value: $19.80 per share
Price / Book: 2.08

Miscellaneous

Outstanding Shares: 571,400,000
Free Float: 570,252,000
Market Cap: $23.48 billion
Optionable: Optionable
Beta: 0.44

Social Links

Key Executives

Mr. John William Somerhalder II (Age 66)
Chair of the Board
Comp: $1.78M

Mr. Steven E. Strah (Age 58)
Pres, CEO & Director
Comp: $3.08M

Mr. K. Jon Taylor (Age 48)
Sr. VP, CFO & Strategy
Comp: $2.36M

Mr. Samuel L. Belcher (Age 54)
Sr. VP of Operations
Comp: $1.49M

Mr. Hyun Park (Age 61)
Sr. VP & Chief Legal Officer
Comp: $2.26M

Mr. Jason J. Lisowski (Age 41)
VP, Controller & Chief Accounting Officer

Mr. Ernest N. Maley
VP & Chief Information Officer

Ms. Irene M. Prezelj (Age 55)
VP of Investor Relations & Communications

Mr. Antonio Fernandez
VP and Chief Ethics & Compliance Officer

Ms. Gretchan Sekulich
VP of Communications & Marketing

Key Competitors

View All Competitors

Insiders & Institutions

View All Insider Transactions
View All Institutional Transactions

FE Stock - Frequently Asked Questions

Should I buy or sell FirstEnergy stock right now?: 8 Wall Street analysts have issued "buy," "hold," and "sell" ratings for FirstEnergy in the last twelve months. There are currently 4 hold ratings and 4 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "buy" FE shares.
View FE analyst ratings or view top-rated stocks.
What is FirstEnergy's stock price forecast for 2022?: 8 analysts have issued 1 year price targets for FirstEnergy's shares. Their FE share price forecasts range from $40.00 to $51.00. On average, they anticipate the company's stock price to reach $45.25 in the next year. This suggests a possible upside of 9.9% from the stock's current price.
View analysts price targets for FE or view top-rated stocks among Wall Street analysts.
How have FE shares performed in 2022?: FirstEnergy's stock was trading at $41.59 on January 1st, 2022. Since then, FE shares have decreased by 1.0% and is now trading at $41.19.
View the best growth stocks for 2022 here.
Are investors shorting FirstEnergy?: FirstEnergy saw a decrease in short interest in the month of July. As of July 31st, there was short interest totaling 5,350,000 shares, a decrease of 15.6% from the July 15th total of 6,340,000 shares. Based on an average trading volume of 3,870,000 shares, the short-interest ratio is presently 1.4 days.
View FirstEnergy's Short Interest.
When is FirstEnergy's next earnings date?: The company is scheduled to release its next quarterly earnings announcement on Thursday, October 27th 2022.
View our FE earnings forecast.
How were FirstEnergy's earnings last quarter?: FirstEnergy Corp. (NYSE:FE) announced its quarterly earnings results on Tuesday, July, 26th. The utilities provider reported $0.53 earnings per share for the quarter, topping analysts' consensus estimates of $0.52 by $0.01. FirstEnergy had a net margin of 11.78% and a trailing twelve-month return on equity of 15.13%. During the same period in the prior year, the company earned $0.59 EPS.
Read the conference call transcript.
How often does FirstEnergy pay dividends? What is the dividend yield for FirstEnergy?: FirstEnergy declared a quarterly dividend on Tuesday, July 19th. Shareholders of record on Friday, August 5th will be paid a dividend of $0.39 per share on Thursday, September 1st. This represents a $1.56 dividend on an annualized basis and a yield of 3.79%. The ex-dividend date of this dividend is Thursday, August 4th.
Read our dividend analysis for FE.
Is FirstEnergy a good dividend stock?: FirstEnergy (NYSE:FE) pays an annual dividend of $1.56 per share and currently has a dividend yield of 3.82%. The dividend payout ratio is 63.41%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, FE will have a dividend payout ratio of 61.66% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for FE.
What guidance has FirstEnergy issued on next quarter's earnings?: FirstEnergy issued an update on its third quarter 2022 earnings guidance on Thursday, August, 4th. The company provided EPS guidance of $0.70-$0.80 for the period, compared to the consensus earnings per share estimate of $0.80. The company issued revenue guidance of -.

What is Chuck Jones' approval rating as FirstEnergy's CEO?: 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.
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), Intel (INTC), Cisco Systems (CSCO), Exxon Mobil (XOM), Pfizer (PFE), Verizon Communications (VZ), Johnson & Johnson (JNJ), Chevron (CVX), General Electric (GE) and AbbVie (ABBV).
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 institutional and retail investors. Top institutional investors include State Street Corp (7.90%), FMR LLC (3.23%), Price T Rowe Associates Inc. MD (2.02%), Allspring Global Investments Holdings LLC (1.47%), Mitsubishi UFJ Trust & Banking Corp (1.22%) and GQG Partners LLC (0.92%).
View institutional ownership trends.
How do I buy shares of FirstEnergy?: 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.
Compare Top Brokerages Here.
What is FirstEnergy's stock price today?: One share of FE stock can currently be purchased for approximately $41.19.
How much money does FirstEnergy make?: FirstEnergy (NYSE:FE) has a market capitalization of $23.54 billion and generates $11.13 billion in revenue each year. The utilities provider earns $1.28 billion in net income (profit) each year or $2.46 on an earnings per share basis.
How many employees does FirstEnergy have?: The company employs 12,395 workers across the globe.
Does FirstEnergy have any subsidiaries?: The following companies are subsidiares of FirstEnergy: Allegheny Energy, FirstEnergy Nuclear Operating Company, FirstEnergy Service Company, FirstEnergy Solutions Corp., FirstEnergy Transmission LLC, FirstEnergy Ventures Corp., GPU Inc, Jersey Central Power & Light Company, Marbel Energy Corp., Metropolitan Edison Company, Monongahela Power Company, Ohio Edison Company, Pennsylvania Electric Company, The Cleveland Electric Illuminating Compan, The Potomac Edison Company, The Toledo Edison Company, and West Penn Power Company.
Read More
When was FirstEnergy founded?: FirstEnergy was founded in 1997.
How can I contact FirstEnergy?: 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.

This page (NYSE:FE) was last updated on 8/19/2022 by MarketBeat.com Staff

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FirstEnergy - FE Stock Forecast, Price & News

FirstEnergy MarketRank™ Forecast

Overall MarketRank™

Analyst's Opinion

Short Interest

Percentage of Shares Shorted

Short Interest Ratio / Days to Cover

Change versus previous month

Dividend Strength

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score

Environmental Sustainability