FirstEnergy (FE) Expected to Announce Earnings on Thursday

FirstEnergy (NYSE:FE - Get Free Report) is anticipated to post its quarterly earnings results before the market opens on Thursday, February 13th. Analysts expect FirstEnergy to post earnings of $0.70 per share and revenue of $3.53 billion for the quarter. Individual that are interested in participating in the company's earnings conference call can do so using this link.

FirstEnergy Stock Down 0.5 %

Shares of FE stock traded down $0.22 during trading hours on Friday, hitting $40.04. 3,046,318 shares of the company were exchanged, compared to its average volume of 3,593,264. The business has a 50 day moving average of $39.85 and a two-hundred day moving average of $41.82. The company has a current ratio of 0.56, a quick ratio of 0.46 and a debt-to-equity ratio of 1.58. FirstEnergy has a 52 week low of $36.01 and a 52 week high of $44.97. The company has a market capitalization of $23.08 billion, a PE ratio of 25.83, a PEG ratio of 2.01 and a beta of 0.52.

FirstEnergy Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Saturday, March 1st. Investors of record on Friday, February 7th will be issued a dividend of $0.425 per share. This represents a $1.70 annualized dividend and a yield of 4.25%. The ex-dividend date of this dividend is Friday, February 7th. FirstEnergy's payout ratio is 109.68%.

Analyst Ratings Changes

Several brokerages recently commented on FE. Wolfe Research cut shares of FirstEnergy from an "outperform" rating to a "peer perform" rating in a report on Thursday, January 23rd. Scotiabank raised shares of FirstEnergy from a "sector perform" rating to a "sector outperform" rating and increased their price objective for the company from $45.00 to $50.00 in a research report on Thursday, December 12th. Seaport Res Ptn lowered shares of FirstEnergy from a "strong-buy" rating to a "hold" rating in a research report on Thursday, October 31st. Morgan Stanley lowered their price target on shares of FirstEnergy from $52.00 to $50.00 and set an "overweight" rating on the stock in a research report on Friday, November 22nd. Finally, JPMorgan Chase & Co. raised their target price on shares of FirstEnergy from $45.00 to $46.00 and gave the company a "neutral" rating in a report on Friday, October 18th. One research analyst has rated the stock with a sell rating, eight have given a hold rating and five have issued a buy rating to the company's stock. According to data from MarketBeat, the company currently has an average rating of "Hold" and an average price target of $46.27.

FirstEnergy Company Profile

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.