FirstEnergy (NYSE:FE - Get Free Report) will likely be issuing its quarterly earnings data after the market closes on Wednesday, February 26th. Analysts expect the company to announce earnings of $0.70 per share and revenue of $3.53 billion for the quarter. Investors that are interested in participating in the company's conference call can do so using this link.
FirstEnergy Trading Up 2.3 %
Shares of NYSE:FE traded up $0.96 during trading on Friday, hitting $42.34. The company had a trading volume of 7,878,474 shares, compared to its average volume of 3,703,679. FirstEnergy has a one year low of $36.01 and a one year high of $44.97. The company has a fifty day simple moving average of $39.85 and a two-hundred day simple moving average of $41.77. The stock has a market cap of $24.40 billion, a price-to-earnings ratio of 27.32, a price-to-earnings-growth ratio of 2.03 and a beta of 0.52. The company has a debt-to-equity ratio of 1.58, a current ratio of 0.56 and a quick ratio of 0.46.
FirstEnergy Dividend Announcement
The firm also recently disclosed 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 4.01%. The ex-dividend date of this dividend is Friday, February 7th. FirstEnergy's payout ratio is 109.68%.
Analysts Set New Price Targets
Several equities research analysts have weighed in on FE shares. KeyCorp cut their price target on FirstEnergy from $48.00 to $47.00 and set an "overweight" rating on the stock in a research report on Wednesday, December 4th. Morgan Stanley cut their price objective on FirstEnergy from $52.00 to $50.00 and set an "overweight" rating on the stock in a report on Friday, November 22nd. Seaport Res Ptn cut FirstEnergy from a "strong-buy" rating to a "hold" rating in a research note on Thursday, October 31st. Wolfe Research downgraded shares of FirstEnergy from an "outperform" rating to a "peer perform" rating in a research report on Thursday, January 23rd. Finally, Scotiabank upgraded FirstEnergy from a "sector perform" rating to a "sector outperform" rating and lifted their price target for the company from $45.00 to $50.00 in a research note on Thursday, December 12th. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating and five have given a buy rating to the company. According to MarketBeat.com, FirstEnergy has an average rating of "Hold" and a consensus target price of $46.27.
Check Out Our Latest Report on FirstEnergy
FirstEnergy Company Profile
(
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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.
Further Reading
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