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NYSE:FE

FirstEnergy (FE) Stock Price, News & Analysis

$44.19
-0.28 (-0.63%)
(As of 09/6/2024 ET)
Today's Range
$44.13
$44.61
50-Day Range
$38.25
$44.54
52-Week Range
$32.18
$44.97
Volume
2.11 million shs
Average Volume
2.93 million shs
Market Capitalization
$25.43 billion
P/E Ratio
25.40
Dividend Yield
3.85%
Price Target
$43.50

FirstEnergy MarketRank™ Stock Analysis

Analyst Rating
Hold
2.22 Rating Score
Upside/​Downside
1.6% Downside
$43.50 Price Target
Short Interest
Healthy
1.94% of Shares Sold Short
Dividend Strength
Moderate
Based on Four Factors
Sustainability
-7.52
Upright™ Environmental Score
News Sentiment
0.78mentions of FirstEnergy in the last 14 days
Based on 6 Articles This Week
Insider Trading
N/A
Proj. Earnings Growth
7.01%
From $2.71 to $2.90 Per Share

Overall MarketRank

New Rank-Based ScoringMarketRank is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.

3.64 out of 5 stars

Utilities Sector

42nd out of 93 stocks

Electric Services Industry

22nd out of 46 stocks

FE stock logo

About FirstEnergy Stock (NYSE:FE)

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. It operates 24,080 circuit miles of overhead and underground transmission lines; and electric distribution systems, including 274,518 miles of overhead pole line and underground conduit carrying primary, secondary, and street lighting circuits. The company serves approximately 6 million customers in Ohio, Pennsylvania, West Virginia, Maryland, New Jersey, and New York. FirstEnergy Corp. was incorporated in 1996 and is headquartered in Akron, Ohio.

FE Stock Price History

FE Stock News Headlines

Legal proceedings news icon
Utility will pay $20 million to avoid prosecution in Ohio bribery scheme
The energy company at the center of a $60 million bribery scheme in Ohio will pay $20 million and avoid criminal charges as part of a deal with state prosecutors to resolve its role in the scandal
Biden’s Capital Gains Tax to Devastate Savings!
Don't let the corrupt elites dictate your future—ACT NOW! This guide is your first step towards financial independence and security.
FirstEnergy (NYSE:FE) PT Raised to $43.00 at Bank of America
FirstEnergy (NYSE:FE) Price Target Raised to $48.00
Biden’s Capital Gains Tax to Devastate Savings!
Don't let the corrupt elites dictate your future—ACT NOW! This guide is your first step towards financial independence and security.
See More Headlines
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Company Calendar

Last Earnings
7/30/2024
Ex-Dividend for 9/1 Dividend
8/07/2024
Dividend Payable
9/01/2024
Today
9/07/2024
Next Earnings (Estimated)
10/24/2024
Fiscal Year End
12/31/2024

Industry, Sector and Symbol

Sector
Utilities
Industry
Electric services
Sub-Industry
Electric Utilities
CUSIP
33793210
Employees
12,042
Year Founded
1997

Price Target and Rating

Average Stock Price Target
$43.50
High Stock Price Target
$48.00
Low Stock Price Target
$38.00
Potential Upside/Downside
-1.6%
Consensus Rating
Hold
Rating Score (0-4)
2.22
Research Coverage
9 Analysts

Profitability

Net Income
$1.10 billion
Pretax Margin
9.86%

Debt

Sales & Book Value

Annual Sales
$13.20 billion
Cash Flow
$4.81 per share
Book Value
$23.84 per share

Miscellaneous

Free Float
575,056,000
Market Cap
$25.43 billion
Optionable
Optionable
Beta
0.50

Social Links

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Key Executives

  • Mr. Brian X. Tierney (Age 56)
    CEO, President & Director
    Comp: $4.14M
  • Mr. K. Jon Taylor (Age 50)
    Senior VP of Strategy & CFO
    Comp: $1.84M
  • Mr. Toby L. Thomas (Age 53)
    Chief Operating Officer
    Comp: $321.96k
  • Mr. Hyun Park (Age 63)
    Senior VP & Chief Legal Officer
    Comp: $1.4M
  • Mr. Allan Wade Smith (Age 59)
    President of FirstEnergy Utilities
    Comp: $1.53M
  • Mr. Jason J. Lisowski (Age 43)
    VP, Controller & Chief Accounting Officer
  • Mr. Ernest N. Maley
    VP & Chief Information Officer
  • Ms. Irene M. Prezelj (Age 56)
    Vice President of Investor Relations & Communications
  • Mr. Antonio Fernandez
    VP and Chief Ethics & Compliance Officer
  • Ms. Gretchan Sekulich
    Vice President of Communications & Marketing

Should I Buy FirstEnergy Stock? FE Pros and Cons Explained

Pros

Here are some ways that investors could benefit from investing in FirstEnergy Corp.:

  • FirstEnergy Corp. stock price has been steadily increasing, reaching $42.57 on the latest trading day, indicating positive momentum.
  • The company has a solid dividend yield of 3.98%, providing investors with a steady income stream.
  • FirstEnergy's strong financial performance, with a return on equity of 12.61%, showcases efficient use of shareholder funds.
  • Analysts have set a consensus target price of $41.73, suggesting potential for capital appreciation.
  • Institutional investors, such as Capital World Investors and Boston Partners, have been increasing their stakes in FirstEnergy, indicating confidence in the company's future prospects.

Cons

Investors should be bearish about investing in FirstEnergy Corp. for these reasons:

  • FirstEnergy's debt-to-equity ratio of 1.59 may pose a risk in case of economic downturns or financial instability.
  • The company's dividend payout ratio of 97.70% raises concerns about sustainability and future growth potential.
  • Market volatility and regulatory challenges in the utilities sector could impact FirstEnergy's stock performance unpredictably.
  • FirstEnergy's P/E ratio of 24.55 suggests the stock may be slightly overvalued compared to industry peers.
  • Recent controversies or legal issues surrounding the company could lead to reputational damage and investor uncertainty.
These pros and cons were generated based on recent news and financial data from MarketBeat in order to provide readers with the fastest and most accurate insights. They were last updated on Monday, August 19, 2024. Please send any questions or comments about these FirstEnergy pros and cons to contact@marketbeat.com.

FE Stock Analysis - Frequently Asked Questions

How have FE shares performed this year?

FirstEnergy's stock was trading at $36.66 on January 1st, 2024. Since then, FE stock has increased by 20.5% and is now trading at $44.19.
View the best growth stocks for 2024 here
.

How were FirstEnergy's earnings last quarter?

FirstEnergy Corp. (NYSE:FE) issued its quarterly earnings data on Tuesday, July, 30th. The utilities provider reported $0.56 earnings per share for the quarter, hitting analysts' consensus estimates of $0.56. The utilities provider had revenue of $3.28 billion for the quarter, compared to the consensus estimate of $3.47 billion. FirstEnergy had a net margin of 6.61% and a trailing twelve-month return on equity of 12.12%.
Read the conference call transcript
.

What is Chuck Jones' approval rating as FirstEnergy's CEO?

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.

Does FirstEnergy have any subsidiaries?

FirstEnergy subsidiaries include Allegheny Energy, GPU Inc, MARBEL Energy Corporation, FirstEnergy Service Company, FirstEnergy Transmission LLC, FirstEnergy Ventures Corp., Jersey Central Power & Light Company, and more.

Who are FirstEnergy's major shareholders?

Top institutional investors of FirstEnergy include Allspring Global Investments Holdings LLC (1.50%), First Pacific Advisors LP (0.62%), 1832 Asset Management L.P. (0.47%) and Dimensional Fund Advisors LP (0.33%).
View institutional ownership trends
.

How do I buy shares of FirstEnergy?

Shares of FE stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

What other stocks do shareholders of FirstEnergy own?

Based on aggregate information from My MarketBeat watchlists, some other companies that FirstEnergy investors own include AT&T (T), Intel (INTC), Cisco Systems (CSCO), Exxon Mobil (XOM), Pfizer (PFE), Verizon Communications (VZ) and Johnson & Johnson (JNJ).

This page (NYSE:FE) was last updated on 9/7/2024 by MarketBeat.com Staff

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