FirstEnergy Corporation (NYSE:FE) Plans Quarterly Dividend of $0.45

FirstEnergy Corporation (NYSE:FE) announced a quarterly dividend on Wednesday, December 17th. Stockholders of record on Friday, February 6th will be given a dividend of 0.445 per share by the utilities provider on Sunday, March 1st. This represents a c) dividend on an annualized basis and a dividend yield of 4.0%. The ex-dividend date is Friday, February 6th.

FirstEnergy has increased its dividend payment by an average of 0.0%annually over the last three years and has increased its dividend annually for the last 3 consecutive years. FirstEnergy has a payout ratio of 65.9% meaning its dividend is sufficiently covered by earnings. Equities analysts expect FirstEnergy to earn $2.89 per share next year, which means the company should continue to be able to cover its $1.78 annual dividend with an expected future payout ratio of 61.6%.

FirstEnergy Stock Up 0.4%

NYSE:FE traded up $0.17 on Thursday, reaching $44.67. 379,086 shares of the stock traded hands, compared to its average volume of 4,733,637. The company has a market capitalization of $25.80 billion, a price-to-earnings ratio of 19.52, a PEG ratio of 2.68 and a beta of 0.66. The company has a current ratio of 0.75, a quick ratio of 0.64 and a debt-to-equity ratio of 1.80. FirstEnergy has a 12 month low of $37.58 and a 12 month high of $48.20. The company’s fifty day simple moving average is $46.15 and its 200 day simple moving average is $43.67.

FirstEnergy (NYSE:FE) last announced its quarterly earnings data on Wednesday, October 22nd. The utilities provider reported $0.83 earnings per share for the quarter, topping analysts’ consensus estimates of $0.76 by $0.07. FirstEnergy had a net margin of 9.19% and a return on equity of 11.15%. The company had revenue of $4.15 billion during the quarter, compared to analyst estimates of $3.94 billion. During the same period in the previous year, the business earned $0.85 EPS. The firm’s revenue for the quarter was up 10.8% on a year-over-year basis. FirstEnergy has set its FY 2025 guidance at 2.500-2.560 EPS. Equities analysts predict that FirstEnergy will post 2.66 EPS for the current fiscal year.

Institutional Investors Weigh In On FirstEnergy

A number of hedge funds have recently modified their holdings of FE. SageView Advisory Group LLC raised its position in shares of FirstEnergy by 2.3% in the second quarter. SageView Advisory Group LLC now owns 10,253 shares of the utilities provider’s stock worth $425,000 after acquiring an additional 233 shares during the period. Independent Advisor Alliance grew its position in shares of FirstEnergy by 1.0% during the 3rd quarter. Independent Advisor Alliance now owns 23,225 shares of the utilities provider’s stock valued at $1,064,000 after acquiring an additional 236 shares during the period. CWM LLC increased its stake in shares of FirstEnergy by 2.0% in the 2nd quarter. CWM LLC now owns 12,044 shares of the utilities provider’s stock valued at $485,000 after purchasing an additional 240 shares in the last quarter. Kohmann Bosshard Financial Services LLC raised its holdings in FirstEnergy by 0.5% in the 2nd quarter. Kohmann Bosshard Financial Services LLC now owns 48,454 shares of the utilities provider’s stock worth $1,951,000 after purchasing an additional 241 shares during the period. Finally, Manchester Capital Management LLC boosted its position in FirstEnergy by 15.2% during the second quarter. Manchester Capital Management LLC now owns 1,834 shares of the utilities provider’s stock worth $74,000 after purchasing an additional 242 shares in the last quarter. Institutional investors own 89.41% of the company’s stock.

About FirstEnergy

FirstEnergy Corp., through its subsidiaries, generates, transmits, and distributes electricity in the United States. It operates through Regulated Distribution and Regulated Transmission segments. The company owns and operates coal-fired, nuclear, hydroelectric, wind, and solar power generating facilities.