FirstEnergy (NYSE:FE) Receiving Somewhat Positive News Coverage, Study Finds

Share on StockTwits

Press coverage about FirstEnergy (NYSE:FE) has been trending somewhat positive on Friday, Accern Sentiment reports. Accern identifies positive and negative press coverage by monitoring more than 20 million news and blog sources. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. FirstEnergy earned a news impact score of 0.04 on Accern’s scale. Accern also gave news stories 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 company’s share price in the next few days.

These are some of the media headlines that may have effected Accern Sentiment’s scoring:

NYSE:FE opened at $34.42 on Friday. The firm has a market cap of $16,255.66, a price-to-earnings ratio of 11.19, a P/E/G ratio of 14.31 and a beta of 0.26. The company has a quick ratio of 0.65, a current ratio of 0.76 and a debt-to-equity ratio of 5.38. FirstEnergy has a fifty-two week low of $27.93 and a fifty-two week high of $35.22.

FirstEnergy (NYSE:FE) last issued its earnings results on Tuesday, February 20th. The utilities provider reported $0.71 EPS for the quarter, beating the Zacks’ consensus estimate of $0.68 by $0.03. FirstEnergy had a negative net margin of 12.30% and a positive return on equity of 24.02%. The business had revenue of $3.40 billion during the quarter, compared to analysts’ expectations of $3.54 billion. During the same period in the prior year, the business earned $0.38 earnings per share. The company’s quarterly revenue was up .0% compared to the same quarter last year. equities research analysts predict that FirstEnergy will post 2.39 EPS for the current year.

The business also recently announced a quarterly dividend, which will be paid on Friday, June 1st. Shareholders of record on Monday, May 7th will be paid a dividend of $0.36 per share. This represents a $1.44 annualized dividend and a yield of 4.18%. The ex-dividend date is Friday, May 4th. FirstEnergy’s dividend payout ratio (DPR) is presently 46.91%.

FE has been the topic of a number of research analyst reports. Morgan Stanley set a $35.00 price objective on shares of FirstEnergy and gave the company a “buy” rating in a research report on Thursday, March 8th. Mizuho reaffirmed a “hold” rating and set a $32.00 target price on shares of FirstEnergy in a research note on Tuesday, January 30th. Zacks Investment Research cut shares of FirstEnergy from a “buy” rating to a “hold” rating in a research note on Tuesday, January 9th. Guggenheim restated a “buy” rating and issued a $47.00 target price on shares of FirstEnergy in a report on Wednesday, January 3rd. Finally, Citigroup lowered their target price on shares of FirstEnergy from $34.00 to $32.00 and set a “neutral” rating for the company in a report on Tuesday, January 30th. Nine investment analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. The company currently has an average rating of “Buy” and a consensus price target of $35.38.

ILLEGAL ACTIVITY NOTICE: “FirstEnergy (NYSE:FE) Receiving Somewhat Positive News Coverage, Study Finds” was published by BBNS and is the sole property of of BBNS. If you are viewing this report on another site, it was stolen and reposted in violation of US and international trademark and copyright legislation. The legal version of this report can be viewed at https://baseballnewssource.com/2018/04/06/firstenergy-fe-given-news-impact-rating-of-0-04/2031249.html.

About FirstEnergy

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.

Insider Buying and Selling by Quarter for FirstEnergy (NYSE:FE)

Receive News & Ratings for FirstEnergy Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for FirstEnergy and related companies with MarketBeat.com's FREE daily email newsletter.

 


Latest News

Yu Darvish Receives Cortisone Shot for Elbow Impingement
Yu Darvish Receives Cortisone Shot for Elbow Impingement
Red Sox and Brandon Phillips Agree to Minor League Deal
Red Sox and Brandon Phillips Agree to Minor League Deal
Chris Sale Proves He is 2018 AL Cy Young Candidate
Chris Sale Proves He is 2018 AL Cy Young Candidate
Strong Results by Clint Frazier Could Keep Him with Yankees
Strong Results by Clint Frazier Could Keep Him with Yankees
Giants Closer Breaks Hand Punching Door Following Poor Outing
Giants Closer Breaks Hand Punching Door Following Poor Outing
Evan Longoria Out Six to Eight Weeks With Broken Hand
Evan Longoria Out Six to Eight Weeks With Broken Hand


Leave a Reply

 
© 2006-2018 BBNS.