FirstEnergy Corporation (NYSE:FE) Receives Consensus Recommendation of “Moderate Buy” from Analysts

FirstEnergy Corporation (NYSE:FE) has earned a consensus recommendation of “Moderate Buy” from the sixteen research firms that are presently covering the stock, Marketbeat reports. Eight equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the company. The average twelve-month price objective among analysts that have issued ratings on the stock in the last year is $46.7692.

Several analysts recently weighed in on the company. Citigroup assumed coverage on FirstEnergy in a research note on Tuesday. They issued a “buy” rating and a $53.00 price objective on the stock. UBS Group set a $44.00 price objective on FirstEnergy and gave the company a “neutral” rating in a research note on Tuesday, June 24th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of FirstEnergy in a research note on Wednesday. Mizuho raised their price objective on FirstEnergy from $43.00 to $45.00 and gave the company a “neutral” rating in a research note on Friday, August 1st. Finally, Morgan Stanley reduced their price objective on FirstEnergy from $48.00 to $47.00 and set an “overweight” rating on the stock in a research note on Thursday, September 25th.

Hedge Funds Weigh In On FirstEnergy

Large investors have recently bought and sold shares of the company. State of Wyoming bought a new position in FirstEnergy in the second quarter valued at about $25,000. Investment Research & Advisory Group Inc. bought a new position in FirstEnergy in the second quarter valued at about $26,000. Oliver Lagore Vanvalin Investment Group bought a new position in FirstEnergy in the second quarter valued at about $26,000. N.E.W. Advisory Services LLC bought a new position in shares of FirstEnergy during the first quarter worth about $27,000. Finally, Capital Advisors Ltd. LLC raised its position in shares of FirstEnergy by 186.4% during the second quarter. Capital Advisors Ltd. LLC now owns 676 shares of the utilities provider’s stock worth $27,000 after acquiring an additional 440 shares during the last quarter. 89.41% of the stock is currently owned by institutional investors.

FirstEnergy Stock Performance

FE opened at $46.92 on Friday. The firm has a market cap of $27.09 billion, a P/E ratio of 20.76, a price-to-earnings-growth ratio of 2.87 and a beta of 0.52. FirstEnergy has a 52-week low of $37.58 and a 52-week high of $47.37. The company has a debt-to-equity ratio of 1.68, a quick ratio of 0.51 and a current ratio of 0.61. The business’s fifty day moving average is $44.09 and its 200-day moving average is $42.10.

FirstEnergy (NYSE:FE) last released its quarterly earnings data on Wednesday, July 30th. The utilities provider reported $0.52 earnings per share for the quarter, beating the consensus estimate of $0.50 by $0.02. The business had revenue of $3.40 billion for the quarter, compared to analyst estimates of $3.45 billion. FirstEnergy had a return on equity of 11.31% and a net margin of 9.31%.During the same period last year, the firm posted $0.56 earnings per share. FirstEnergy has set its FY 2025 guidance at 2.400-2.600 EPS. Sell-side analysts expect that FirstEnergy will post 2.66 EPS for the current fiscal year.

FirstEnergy Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, December 1st. Shareholders of record on Friday, November 7th will be given a $0.445 dividend. The ex-dividend date is Friday, November 7th. This represents a $1.78 annualized dividend and a yield of 3.8%. FirstEnergy’s dividend payout ratio (DPR) is currently 78.76%.

About FirstEnergy

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, wind, and solar power generating facilities.