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:
- Trump ‘looking at’ emergency order to save PJM coal, nuclear plants (utilitydive.com)
- Viewpoint: The ripple effects of losing Beaver Valley (bizjournals.com)
- Penelec to Conduct Storm Restoration Drill to Help Employees Prepare for Severe Weather Events (finance.yahoo.com)
- NIRS: Ratepayers Should Not Get “Stuck With Check” In Form Of Multi-Billion-Dollar Bailout For Bankrupt FirstEnergy (prnewswire.com)
- Rick Perry’s former campaign manager lobbies for coal plant owner seeking bailout (thinkprogress.org)
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.
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.
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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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