FirstEnergy Corporation (FE) Getting Somewhat Favorable Press Coverage, Study Shows
News stories about FirstEnergy Corporation (NYSE:FE) have been trending somewhat positive this week, according to Accern Sentiment. The research firm scores the sentiment of press coverage by monitoring more than twenty million news and blog sources. Accern ranks coverage of companies on a scale of -1 to 1, with scores closest to one being the most favorable. FirstEnergy Corporation earned a media sentiment score of 0.19 on Accern’s scale. Accern also gave news articles about the utilities provider an impact score of 45.3810925760249 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the stock’s share price in the next several days.
Here are some of the news articles that may have impacted Accern Sentiment Analysis’s rankings:
- FirstEnergy Corp. (NYSE: FE) – Is The Stock A Good Investment? – Alpha Beta Stock (alphabetastock.com)
- JCP&L Completes Inspections and Maintenance Prior to Winter Weather (finance.yahoo.com)
- Penn Power Completes Inspections and Maintenance Prior to Winter Weather (finance.yahoo.com)
- Potomac Edison Completes Inspections and Maintenance Prior to Winter Weather (finance.yahoo.com)
- Toledo Edison Completes Inspections and Maintenance Prior to Winter Weather (finance.yahoo.com)
Shares of FirstEnergy Corporation (NYSE:FE) traded down $0.27 during trading on Thursday, reaching $34.78. 5,353,000 shares of the company’s stock were exchanged, compared to its average volume of 4,264,943. The company has a debt-to-equity ratio of 3.29, a current ratio of 0.69 and a quick ratio of 0.56. FirstEnergy Corporation has a twelve month low of $27.93 and a twelve month high of $35.22. The firm has a market cap of $15,400.00, a price-to-earnings ratio of 12.84 and a beta of 0.24.
FirstEnergy Corporation (NYSE:FE) last released its quarterly earnings data on Thursday, October 26th. The utilities provider reported $0.97 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.86 by $0.11. The firm had revenue of $3.70 billion for the quarter, compared to analyst estimates of $3.72 billion. FirstEnergy Corporation had a negative net margin of 35.99% and a positive return on equity of 19.29%. During the same quarter in the prior year, the business earned $0.90 earnings per share. equities research analysts anticipate that FirstEnergy Corporation will post 2.99 EPS for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 1st. Stockholders of record on Tuesday, November 7th will be paid a $0.36 dividend. The ex-dividend date of this dividend is Monday, November 6th. This represents a $1.44 dividend on an annualized basis and a dividend yield of 4.14%. FirstEnergy Corporation’s payout ratio is currently -12.23%.
FE has been the subject of several research reports. Citigroup Inc. lowered their price target on shares of FirstEnergy Corporation from $32.00 to $31.00 and set a “neutral” rating for the company in a research report on Wednesday, July 19th. BidaskClub raised shares of FirstEnergy Corporation from a “sell” rating to a “hold” rating in a research report on Monday, July 24th. Deutsche Bank AG reaffirmed a “hold” rating and issued a $34.00 price target (up previously from $31.00) on shares of FirstEnergy Corporation in a research report on Monday, July 31st. Jefferies Group LLC reaffirmed a “hold” rating and issued a $33.00 price target (up previously from $31.00) on shares of FirstEnergy Corporation in a research report on Monday, July 31st. Finally, ValuEngine raised shares of FirstEnergy Corporation from a “hold” rating to a “buy” rating in a research report on Monday, August 7th. Thirteen investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. The company has a consensus rating of “Hold” and a consensus target price of $34.39.
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FirstEnergy Corporation 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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