News headlines about FirstEnergy (NYSE:FE) have been trending somewhat positive this week, Accern Sentiment Analysis reports. The research firm ranks the sentiment of press coverage by monitoring more than 20 million blog and news sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores nearest to one being the most favorable. FirstEnergy earned a news sentiment score of 0.04 on Accern’s scale. Accern also gave press coverage about the utilities provider an impact score of 43.7378698704505 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the stock’s share price in the next few days.
Here are some of the media headlines that may have impacted Accern’s rankings:
- FirstEnergy Corp. (FE) projected to achieve earnings growth of 73.30% for this year – Wallstreet Investorplace (wallstreetinvestorplace.com)
- JCP&L Continuing Repairs in Hardest-Hit Areas Following Severe Winter Storms (finance.yahoo.com)
- More than 6200 Utility Personnel Help JCP&L Restore Customers Following Severe Winter Storms – PR Newswire (press release) (prnewswire.com)
- More than 6,200 Utility Personnel Help JCP&L Restore Customers Following Severe Winter Storms (finance.yahoo.com)
- JCP&L Expects to Restore Customers from First Winter Storm by Late Tonight (finance.yahoo.com)
Several equities research analysts have commented on the company. Morgan Stanley set a $35.00 target price on FirstEnergy and gave the stock a “buy” rating in a report on Thursday, March 8th. UBS Group assumed coverage on FirstEnergy in a report on Friday, February 2nd. They issued a “buy” rating and a $39.00 target price on the stock. Citigroup dropped their target price on FirstEnergy from $34.00 to $32.00 and set a “neutral” rating on the stock in a report on Tuesday, January 30th. Mizuho reissued a “hold” rating and issued a $32.00 target price on shares of FirstEnergy in a report on Tuesday, January 30th. Finally, Wolfe Research raised FirstEnergy from a “peer perform” rating to an “outperform” rating in a report on Monday, January 29th. Nine analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. The company currently has an average rating of “Buy” and a consensus target price of $35.29.
FirstEnergy (NYSE:FE) last announced its quarterly earnings results on Tuesday, February 20th. The utilities provider reported $0.71 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.68 by $0.03. The firm had revenue of $3.40 billion for the quarter, compared to the consensus estimate of $3.54 billion. FirstEnergy had a positive return on equity of 24.02% and a negative net margin of 12.30%. The company’s quarterly revenue was up .0% on a year-over-year basis. During the same period in the prior year, the company posted $0.38 earnings per share. sell-side analysts expect that FirstEnergy will post 2.39 EPS for the current year.
The firm also recently declared a quarterly dividend, which was paid on Thursday, March 1st. Stockholders of record on Wednesday, February 7th were issued a dividend of $0.36 per share. This represents a $1.44 dividend on an annualized basis and a dividend yield of 4.31%. The ex-dividend date was Tuesday, February 6th. FirstEnergy’s payout ratio is currently -37.21%.
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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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