FirstEnergy (FE) to Release Quarterly Earnings on Wednesday

FirstEnergy (NYSE:FE) is projected to post its quarterly earnings results after the market closes on Wednesday, February 26th. Analysts expect FirstEnergy to post earnings of $0.70 per share and revenue of $3.53 billion for the quarter. Individual interested in listening to the company’s earnings conference call can do so using this link.

FirstEnergy Trading Up 1.4 %

Shares of FirstEnergy stock opened at $42.87 on Tuesday. The firm has a market capitalization of $24.70 billion, a PE ratio of 27.66, a price-to-earnings-growth ratio of 2.07 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. The company’s fifty day moving average price is $39.95 and its two-hundred day moving average price is $41.77. FirstEnergy has a 52-week low of $36.01 and a 52-week high of $44.97.

FirstEnergy Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Saturday, March 1st. Shareholders of record on Friday, February 7th will be issued a $0.425 dividend. This represents a $1.70 annualized dividend and a yield of 3.97%. The ex-dividend date of this dividend is Friday, February 7th. FirstEnergy’s dividend payout ratio (DPR) is presently 109.68%.

Analyst Ratings Changes

Several research firms have recently weighed in on FE. Seaport Res Ptn lowered shares of FirstEnergy from a “strong-buy” rating to a “hold” rating in a report on Thursday, October 31st. KeyCorp cut their target price on shares of FirstEnergy from $48.00 to $47.00 and set an “overweight” rating on the stock in a research report on Wednesday, December 4th. Scotiabank upgraded shares of FirstEnergy from a “sector perform” rating to a “sector outperform” rating and upped their target price for the company from $45.00 to $50.00 in a research report on Thursday, December 12th. Morgan Stanley cut their target price 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, Wolfe Research downgraded shares of FirstEnergy from an “outperform” rating to a “peer perform” rating in a research report on Thursday, January 23rd. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating and five have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock 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.