FirstEnergy (FE) Stock Price, News & Analysis

Company Overview

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.

Key Stats

• Today's Range: $41.35 to $41.75
• 50-Day Range: $40.84 to $44.51
• 52-Week Range: $35.41 to $44.97
• Volume: 2.33 million shs
• Average Volume: 3.23 million shs
• Market Capitalization: $24.05 billion
• P/E Ratio: 26.92
• Dividend Yield: 4.07%
• Price Target: $46.00
• Consensus Rating: Hold

FirstEnergy Stock Analysis - MarketRank™

FirstEnergy scored higher than 93% of companies evaluated by MarketBeat, and ranked 11th out of 94 stocks in the utilities sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

Analyst's Opinion

• Score: 3.1 / 5
• Analyst Rating: Hold

Consensus Rating

FirstEnergy has received a consensus rating of Hold. The company's average rating score is 2.25, and is based on 4 buy ratings, 7 hold ratings, and 1 sell rating.

Amount of Analyst Coverage

FirstEnergy has been the subject of 8 research reports in the past 90 days, demonstrating strong analyst interest in this stock.

Earnings and Valuation

• Score: 2.5 / 5
• Proj. Earnings Growth: 7.81%

Earnings Growth

Earnings for FirstEnergy are expected to grow by 7.81% in the coming year, from $2.69 to $2.90 per share.

Price to Earnings Ratio vs. the Market

The P/E ratio of FirstEnergy is 26.92, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 134.38.

Price to Earnings Ratio vs. Sector

The P/E ratio of FirstEnergy is 26.92, which means that it is trading at a less expensive P/E ratio than the Utilities sector average P/E ratio of about 100.93.

Price to Earnings Growth Ratio

FirstEnergy has a PEG Ratio of 2.23. PEG Ratios above 1 indicate that a company could be overvalued.

Price to Book Value per Share Ratio

FirstEnergy has a P/B Ratio of 2.19. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

Short Interest

• Score: 5.0 / 5
• Short Interest Level: Healthy

Percentage of Shares Shorted

1.79% of the outstanding shares of FirstEnergy have been sold short.

Short Interest Ratio / Days to Cover

FirstEnergy has a short interest ratio ("days to cover") of 3.7, which is generally considered an acceptable ratio of short interest to trading volume.

Change versus previous month

Short interest in FirstEnergy has recently decreased by 6.02%, indicating that investor sentiment is improving significantly.

Dividend

• Score: 2.5 / 5
• Dividend Strength: Moderate

Dividend Leadership

FirstEnergy is a leading dividend payer. It pays a dividend yield of 4.08%, putting its dividend yield in the top 25% of dividend-paying stocks.

Dividend Growth

FirstEnergy does not have a long track record of dividend growth.

Dividend Coverage

The dividend payout ratio of FirstEnergy is 109.68%. Payout ratios above 75% are not desirable because they may not be sustainable.

Dividend Sustainability

Based on earnings estimates, FirstEnergy will have a dividend payout ratio of 58.62% next year. This indicates that FirstEnergy will be able to sustain or increase its dividend.

Sustainability and ESG

• Score: 0.3 / 5
• Environmental Score: -7.52

Percentage of Shares Shorted

1.79% of the outstanding shares of FirstEnergy have been sold short.

Short Interest Ratio / Days to Cover

FirstEnergy has a short interest ratio ("days to cover") of 3.7, which is generally considered an acceptable ratio of short interest to trading volume.

Change versus previous month

Short interest in FirstEnergy has recently decreased by 6.02%, indicating that investor sentiment is improving significantly.

News and Social Media

• Score: 2.6 / 5
• News Sentiment: 0.67

News Sentiment

FirstEnergy has a news sentiment score of 0.67. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This news sentiment score is similar to the average news sentiment of Utilities companies.

News Coverage This Week

MarketBeat has tracked 18 news articles for FirstEnergy this week, compared to 10 articles on an average week.

Search Interest

Only 4 people have searched for FE on MarketBeat in the last 30 days. This is a decrease of -33% compared to the previous 30 days.

MarketBeat Follows

7 people have added FirstEnergy to their MarketBeat watchlist in the last 30 days. This is an increase of 250% compared to the previous 30 days.

Company Ownership

• Score: 1.7 / 5
• Insider Trading: N/A

Insider Buying vs. Insider Selling

In the past three months, FirstEnergy insiders have not sold or bought any company stock.

Percentage Held by Insiders

Only 0.08% of the stock of FirstEnergy is held by insiders.

Percentage Held by Institutions

89.41% of the stock of FirstEnergy is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

FE Stock Analysis - Frequently Asked Questions

How have FE shares performed this year?

FirstEnergy's stock was trading at $36.66 at the beginning of the year. Since then, FE stock has increased by 13.8% and is now trading at $41.73.
View the best growth stocks for 2024 here.

How were FirstEnergy's earnings last quarter?

FirstEnergy Corp. (NYSE:FE) released its quarterly earnings results on Tuesday, October, 29th. The utilities provider reported $0.85 EPS for the quarter, missing analysts' consensus estimates of $0.90 by $0.05. The firm's quarterly revenue was up 6.9% compared to the same quarter last year.
Read the conference call transcript.

Does FirstEnergy have any subsidiaries?

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

Who are FirstEnergy's major shareholders?

Top institutional shareholders of FirstEnergy include Geode Capital Management LLC (2.12%), Allspring Global Investments Holdings LLC (1.58%), Zimmer Partners LP (0.64%) and Charles Schwab Investment Management Inc. (0.57%).
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 Chevron (CVX), Comcast (CMCSA), Bristol-Myers Squibb (BMY), Charles Schwab (SCHW), McKesson (MCK), Edwards Lifesciences (EW) and Yum! Brands (YUM).

Company Calendar

• Ex-Dividend for 9/1 Dividend: 8/07/2024
• Dividend Payable: 9/01/2024
• Last Earnings: 10/29/2024
• Ex-Dividend for 12/1 Dividend: 11/07/2024
• Today: 11/21/2024
• Dividend Payable: 12/01/2024
• Fiscal Year End: 12/31/2024
• Next Earnings (Estimated): 2/13/2025

Industry, Sector and Symbol

• Stock Exchange: NYSE
• Sector: Utilities
• Industry: Electric services
• Sub-Industry: Electric Utilities
• Current Symbol: NYSE:FE
• CUSIP: 33793210
• CIK: 1031296
• Web: www.firstenergycorp.com
• Phone: (800) 736-3402
• Fax: 330-384-3866
• Employees: 12,042
• Year Founded: 1997

Price Target and Rating

• Average Stock Price Target: $46.00
• High Stock Price Target: $51.00
• Low Stock Price Target: $41.00
• Potential Upside/Downside: +10.2%
• Consensus Rating: Hold
• Rating Score (0-4): 2.25
• Research Coverage: 12 Analysts

Profitability

• EPS (Most Recent Fiscal Year): $1.55
• Trailing P/E Ratio: 26.92
• Forward P/E Ratio: 15.51
• P/E Growth: 2.23
• Net Income: $1.10 billion
• Net Margins: 6.64%
• Pretax Margin: 10.35%
• Return on Equity: 11.38%
• Return on Assets: 2.93%

Debt

• Debt-to-Equity Ratio: 1.58
• Current Ratio: 0.56
• Quick Ratio: 0.46

Sales & Book Value

• Annual Sales: $13.44 billion
• Price / Sales: 1.79
• Cash Flow: $4.81 per share
• Price / Cash Flow: 8.67
• Book Value: $19.02 per share
• Price / Book: 2.19

Miscellaneous

• Outstanding Shares: 576,317,000
• Free Float: 575,453,000
• Market Cap: $24.05 billion
• Optionable: Optionable
• Beta: 0.51