FirstEnergy - FE Stock Forecast, Price & News

8 Wall Street analysts have issued "buy," "hold," and "sell" ratings for FirstEnergy in the last year. 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.
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8 analysts have issued 12-month price targets for FirstEnergy's shares. Their FE share price forecasts range from $34.00 to $51.00. On average, they expect the company's share price to reach $42.78 in the next year. This suggests a possible upside of 3.0% 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 $41.59 at the start of the year. Since then, FE shares have decreased by 0.2% and is now trading at $41.52.
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FirstEnergy saw a drop in short interest during the month of October. As of October 31st, there was short interest totaling 6,530,000 shares, a drop of 12.5% from the October 15th total of 7,460,000 shares. Based on an average daily trading volume, of 3,970,000 shares, the short-interest ratio is presently 1.6 days.
View FirstEnergy's Short Interest.

The company is scheduled to release its next quarterly earnings announcement on Thursday, February 9th 2023.
View our FE earnings forecast.

FirstEnergy Corp. (NYSE:FE) announced its quarterly earnings data on Tuesday, October, 25th. The utilities provider reported $0.79 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.77 by $0.02. The utilities provider had revenue of $3.48 billion for the quarter, compared to analyst estimates of $3.14 billion. FirstEnergy had a net margin of 10.35% and a trailing twelve-month return on equity of 13.76%. The firm's quarterly revenue was up 11.2% on a year-over-year basis. During the same period last year, the business posted $0.82 EPS.
Read the conference call transcript.

FirstEnergy declared a quarterly dividend on Monday, September 19th. Shareholders of record on Monday, November 7th will be paid a dividend of $0.39 per share on Thursday, December 1st. This represents a $1.56 dividend on an annualized basis and a yield of 3.76%. The ex-dividend date of this dividend is Friday, November 4th.
Read our dividend analysis for FE.

FirstEnergy (NYSE:FE) pays an annual dividend of $1.56 per share and currently has a dividend yield of 3.77%. The dividend payout ratio is 71.23%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, FE will have a dividend payout ratio of 62.15% 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 FY22 earnings guidance on Tuesday, October, 25th. The company provided earnings per share (EPS) guidance of $2.30 to $2.50 for the period, compared to the consensus estimate of $2.42. The company issued revenue guidance of $1.145 billion to $1.260 billion from $1.24 billion to $1.355, compared to the consensus revenue estimate of $11.61 billion.

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 a number of institutional and retail investors. Top institutional shareholders include Vanguard Group Inc. (11.57%), State Street Corp (7.85%), BlackRock Inc. (7.44%), Price T Rowe Associates Inc. MD (2.43%), Boston Partners (1.54%) and Allspring Global Investments Holdings LLC (1.46%).
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 $41.52.

FirstEnergy (NYSE:FE) has a market capitalization of $23.74 billion and generates $11.13 billion in revenue each year. The utilities provider earns $1.28 billion in net income (profit) each year or $2.19 on an earnings per share basis.

The company employs 12,395 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.