Somewhat Positive News Coverage Somewhat Unlikely to Impact FirstEnergy (FE) Share Price
Headlines about FirstEnergy (NYSE:FE) have trended somewhat positive this week, Accern Sentiment Analysis reports. The research firm rates the sentiment of media coverage by analyzing more than 20 million blog and news sources in real time. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores closest to one being the most favorable. FirstEnergy earned a media sentiment score of 0.18 on Accern’s scale. Accern also gave press coverage about the utilities provider an impact score of 46.0355161634908 out of 100, indicating that recent media coverage is somewhat unlikely to have an effect on the company’s share price in the immediate future.
These are some of the news stories that may have effected Accern’s analysis:
- BRIEF-FirstEnergy’s Ohio Utilities File Proposal to Modernize Electric System and Prepare for Smart Technologies (FE) (markets.businessinsider.com)
- FirstEnergy’s Ohio Utilities File Proposal to Modernize Electric … – PR Newswire (press release) (prnewswire.com)
- Top-notch Stocks to Watch: FirstEnergy Corp. (FE), Hormel Foods Corporation (HRL) – Market Movers (financialqz.com)
- Hot Tickers: FirstEnergy Corp. (FE), Mylan NV (MYL) – Market Movers (financialqz.com)
- FirstEnergy Awards Science, Technology, Engineering and Mathematics Grants to 14 Teachers in West Penn Power … – PR Newswire (press release) (prnewswire.com)
A number of equities analysts recently issued reports on FE shares. Morgan Stanley set a $39.00 target price on FirstEnergy and gave the stock a “buy” rating in a report on Thursday, August 10th. ValuEngine upgraded FirstEnergy from a “hold” rating to a “buy” rating in a report on Monday, August 7th. Zacks Investment Research upgraded FirstEnergy from a “hold” rating to a “buy” rating and set a $35.00 target price on the stock in a report on Wednesday, September 20th. Deutsche Bank upgraded FirstEnergy from a “hold” rating to a “buy” rating in a report on Tuesday, October 17th. Finally, J P Morgan Chase & Co set a $34.00 target price on FirstEnergy and gave the stock a “hold” rating in a report on Thursday, October 12th. Thirteen equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus price target of $34.39.
FirstEnergy (NYSE FE) traded down $0.38 on Friday, reaching $33.76. The company had a trading volume of 4,432,151 shares, compared to its average volume of 3,856,445. The firm has a market capitalization of $15,018.41, a PE ratio of 12.37 and a beta of 0.25. FirstEnergy has a 52-week low of $27.93 and a 52-week high of $35.22. The company has a current ratio of 0.69, a quick ratio of 0.56 and a debt-to-equity ratio of 3.29.
FirstEnergy (NYSE:FE) last released its quarterly earnings data on Thursday, October 26th. The utilities provider reported $0.97 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.86 by $0.11. The firm had revenue of $3.70 billion during the quarter, compared to analysts’ expectations of $3.72 billion. FirstEnergy had a positive return on equity of 19.29% and a negative net margin of 35.99%. During the same quarter last year, the firm earned $0.90 earnings per share. research analysts forecast that FirstEnergy will post 3 earnings per share for the current year.
The company also recently disclosed a quarterly dividend, which was paid on Friday, December 1st. Investors of record on Tuesday, November 7th were given a dividend of $0.36 per share. The ex-dividend date of this dividend was Monday, November 6th. This represents a $1.44 dividend on an annualized basis and a yield of 4.27%. FirstEnergy’s payout ratio is -12.31%.
FirstEnergy Company Profile
FirstEnergy Corp. is a holding company. The Company is engaged in holding, directly or indirectly, all of the outstanding equity of its principal subsidiaries. Its segments include Regulated Distribution, Regulated Transmission, Competitive Energy Services (CES) and Corporate/Other. As of December 31, 2016, the Regulated Distribution segment distributed electricity through the Company’s 10 utility operating companies, serving approximately six million customers, and purchased power for its provider of last resort (POLR), standard offer service (SOS), standard offer service (SSO) and default service requirements in Ohio, Pennsylvania, New Jersey and Maryland.
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