FirstEnergy Corp. (NYSE:FE) declared a quarterly dividend on Tuesday, September 17th, RTT News reports. Investors of record on Thursday, November 7th will be paid a dividend of 0.38 per share by the utilities provider on Sunday, December 1st. This represents a $1.52 dividend on an annualized basis and a yield of 3.17%. The ex-dividend date is Wednesday, November 6th.
Shares of NYSE:FE opened at $48.00 on Tuesday. The stock has a market cap of $26.11 billion, a PE ratio of 18.53, a PEG ratio of 3.24 and a beta of 0.18. The company’s fifty day moving average is $48.02 and its 200 day moving average is $44.62. FirstEnergy has a 52 week low of $35.33 and a 52 week high of $49.07. The company has a quick ratio of 0.53, a current ratio of 0.60 and a debt-to-equity ratio of 2.63.
FirstEnergy (NYSE:FE) last issued its earnings results on Monday, November 4th. The utilities provider reported $0.76 EPS for the quarter, topping analysts’ consensus estimates of $0.73 by $0.03. The company had revenue of $3 billion for the quarter, compared to analysts’ expectations of $2.91 billion. FirstEnergy had a net margin of 2.79% and a return on equity of 20.29%. The firm’s revenue was up 3.4% compared to the same quarter last year. During the same quarter last year, the company earned $0.80 EPS. Sell-side analysts anticipate that FirstEnergy will post 2.49 EPS for the current year.
FE has been the topic of a number of analyst reports. ValuEngine cut shares of FirstEnergy from a “buy” rating to a “hold” rating in a research report on Wednesday, October 2nd. TheStreet cut shares of FirstEnergy from a “b” rating to a “f” rating in a research report on Thursday, July 18th. KeyCorp lifted their target price on shares of FirstEnergy from $51.00 to $56.00 and gave the stock an “overweight” rating in a research report on Monday, October 21st. Citigroup set a $49.00 target price on shares of FirstEnergy and gave the stock a “hold” rating in a research report on Thursday, October 10th. Finally, Bank of America cut shares of FirstEnergy from a “buy” rating to a “neutral” rating in a research report on Thursday, October 24th. They noted that the move was a valuation call. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and three have issued a buy rating to the stock. FirstEnergy presently has an average rating of “Hold” and an average price target of $47.79.
FirstEnergy Company Profile
FirstEnergy Corp., through its subsidiaries, generates, transmits, and distributes electricity in the United States. The company operates through Regulated Distribution and Regulated Transmission segments. It owns and operates coal-fired, nuclear, hydroelectric, natural gas, wind, and solar power generating facilities.
Further Reading: Why is Cost of Capital Important?
Receive News & Ratings for FirstEnergy Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for FirstEnergy and related companies with MarketBeat.com's FREE daily email newsletter.