FirstEnergy Corporation (FE) to Distribute Quarterly Dividend of $0.47 on September 1st

FirstEnergy Corporation (NYSE:FE) declared a quarterly dividend on Wednesday, July 22nd. Shareholders of record on Friday, August 7th will be given a dividend of 0.465 per share by the utilities provider on Tuesday, September 1st. This represents a c) annualized dividend and a yield of 3.8%. The ex-dividend date of this dividend is Friday, August 7th.

FirstEnergy has raised its dividend payment by an average of 0.0%annually over the last three years and has raised its dividend annually for the last 3 consecutive years. FirstEnergy has a dividend payout ratio of 68.9% indicating that its dividend is sufficiently covered by earnings. Research analysts expect FirstEnergy to earn $2.95 per share next year, which means the company should continue to be able to cover its $1.86 annual dividend with an expected future payout ratio of 63.1%.

FirstEnergy Price Performance

FirstEnergy stock opened at $49.48 on Friday. FirstEnergy has a one year low of $41.17 and a one year high of $52.34. The company has a debt-to-equity ratio of 1.87, a quick ratio of 0.42 and a current ratio of 0.52. The business has a fifty day moving average of $47.09 and a two-hundred day moving average of $48.09. The company has a market cap of $28.62 billion, a P/E ratio of 26.89, a price-to-earnings-growth ratio of 2.36 and a beta of 0.47.

FirstEnergy (NYSE:FE) last posted its quarterly earnings results on Tuesday, April 28th. The utilities provider reported $0.72 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.72. The business had revenue of $4.20 billion for the quarter, compared to analysts’ expectations of $3.80 billion. FirstEnergy had a net margin of 6.86% and a return on equity of 10.66%. The business’s revenue for the quarter was up 11.6% on a year-over-year basis. During the same period in the prior year, the company posted $0.67 EPS. FirstEnergy has set its FY 2026 guidance at 2.620-2.820 EPS. As a group, analysts predict that FirstEnergy will post 2.74 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several brokerages have weighed in on FE. Wolfe Research lowered shares of FirstEnergy from a “strong-buy” rating to a “hold” rating in a research report on Monday, May 4th. TD Cowen raised FirstEnergy from a “hold” rating to a “buy” rating and lowered their target price for the company from $56.00 to $53.00 in a report on Friday, May 15th. Morgan Stanley restated an “overweight” rating on shares of FirstEnergy in a research report on Wednesday. Weiss Ratings downgraded FirstEnergy from a “buy (b)” rating to a “buy (b-)” rating in a research note on Wednesday, June 17th. Finally, Jefferies Financial Group boosted their price objective on shares of FirstEnergy from $50.00 to $52.00 and gave the stock a “hold” rating in a research report on Tuesday, April 21st. Seven investment analysts have rated the stock with a Buy rating and six have issued a Hold rating to the stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $52.92.

FirstEnergy Company Profile

FirstEnergy Corp. (NYSE: FE) is a U.S.-based electric utility holding company headquartered in Akron, Ohio. The company’s primary business is the delivery of electricity through its regulated transmission and distribution utilities, serving residential, commercial and industrial customers across parts of the Midwest and Mid‑Atlantic. FirstEnergy’s service territory includes states such as Ohio, Pennsylvania, New Jersey, Maryland and West Virginia, and it operates primarily within the PJM regional transmission organization.

FirstEnergy’s core activities center on owning and operating electric distribution networks and transmission systems, maintaining and upgrading grid infrastructure, managing storm response and restoration, and offering customer programs that include energy efficiency and reliability services.