34.29 0.00 (0.00%)
After hours: 4:32PM EDT
|Bid||33.05 x 200|
|Ask||35.80 x 200|
|Day's Range||34.18 - 34.77|
|52 Week Range||27.93 - 35.56|
|PE Ratio (TTM)||N/A|
|Earnings Date||Apr 25, 2018 - Apr 30, 2018|
|Forward Dividend & Yield||1.44 (4.22%)|
|1y Target Est||36.46|
Moody’s Investors Service downgraded coal mining company Murray Energy’s credit rating further into junk territory citing risks to the company’s liquidity stemming from the recent bankruptcy filing of ...
FirstEnergy Corp. has reached a settlement with creditors of its bankrupt power-generation businesses that would simplify their restructuring while extricating the parent company from the chapter 11 case. The proposed deal with the nonbankrupt parent company requires approval from subsidiary FirstEnergy Solutions, or FES, and its affiliates and from the Ohio chapter 11 judge overseeing their restructuring. If approved, the agreement covers potential claims surrounding FirstEnergy’s obligations toward unprofitable coal and nuclear power plants in Ohio and Pennsylvania that are under bankruptcy protection.
Moody's Investors Service, ("Moody's") today downgraded the ratings of Murray Energy Corporation ("Murray"), including the Corporate Family Rating (CFR) to Caa1 from B3, Probability ...
AKRON, Ohio, April 23, 2018 /PRNewswire/ -- FirstEnergy Corp. (FE) today announced it has reached an agreement in principle with two groups of key creditors in the Chapter 11 proceedings of FirstEnergy Solutions (FES), its related entities and FirstEnergy Nuclear Operating Company (FENOC) on a proposed settlement of all potential claims among FE, FES and the creditor groups. Collectively, the creditors in this agreement represent a majority of the outstanding unsecured and secured debt obligations of FES and its related entities, including the majority of Bruce Mansfield certificate holders. On March 31, 2018, FES, its subsidiaries and FENOC made voluntary Chapter 11 filings under the United States Bankruptcy Code. FirstEnergy and its distribution, transmission, regulated generation and Allegheny Energy Supply (AE Supply) subsidiaries were not part of the filing.
The Akron, Ohio-based company said it had net income of $2.54 per share. Earnings, adjusted to account for discontinued operations, were 67 cents per share. The results missed Wall Street expectations. ...
AKRON, Ohio, April 23, 2018 /PRNewswire/ -- FirstEnergy Corp. (FE) today reported first quarter 2018 GAAP earnings of $1.2 billion or $2.55 per basic share ($2.54 diluted), on revenues of $3 billion, primarily reflecting a gain on the deconsolidation of FirstEnergy Solutions Corp. (FES), its subsidiaries and FirstEnergy Nuclear Operating Company (FENOC) as a result of their bankruptcy filings on March 31, 2018. In the first quarter of 2017, the company recorded GAAP earnings of $205 million, or $0.46 per basic and diluted share of common stock, on revenue of $2.9 billion. GAAP earnings for both periods include the impact of special items listed below.
A bankrupt power generator’s plea for President Donald Trump to help saving money-losing power plants has drawn opposition from key administration officials, slowing action on the proposal, according to ...
FirstEnergy (FE) expects to beat earnings estimates, while Avangrid (AGR) is likely to lag the same in first-quarter 2018 report, which is going to release on Apr 23, 2018.
FirstEnergy (FE) is seeing favorable earnings estimate revision activity as of late, which is generally a precursor to an earnings beat.
Wall Street analysts’ mean target price for FirstEnergy (FE) is $36.14, whereas its current market price is $34.61, implying a potential upside of ~6% for the stock over the next 12 months. Among the 17 analysts tracking FirstEnergy, eight had recommended “hold,” three had recommended “strong buy,” and six had recommended “buy” as of April 17, 2018. There were no “sell” recommendations.
FirstEnergy (FE) stock is currently trading at $34.61, 4% above its 50-day moving average and 7% above its 200-day moving average. This premium highlights its strength. Going forward, its 50-day moving average of ~$33.20 is expected to act as support.
FirstEnergy (FE) stock has soared more than 15% in the last three months, significantly outperforming broader utilities (XLU). Investment from activist hedge fund Elliott Management and improved earnings growth prospects boosted FE stock, which is currently trading at an EV-to-EBITDA (enterprise value to earnings before interest, tax, depreciation, and amortization) ratio of 8.4x, lower than its five-year average of ~9.0x.
Ohio-based FirstEnergy (FE) is set to report its 1Q18 financial results on April 23, 2018. Wall Street analysts expect it to report EPS (earnings per share) of $0.67. In 1Q17, it had EPS of $0.78, implying that analysts expect FE’s EPS to fall 14% YoY (year-over-year).
ERIE, Pa., April 16, 2018 /PRNewswire/ -- FirstEnergy (FE) and its subsidiaries are upgrading and expanding a 230-kilovolt electric substation in North East, Pa., to enhance reliability for customers as well as reduce the frequency and duration of power outages for Pennsylvania Electric Company (Penelec) customers in Erie County. The project includes new voltage-regulating equipment that will help maintain service reliability if a transmission line in the area experiences an outage. Crews are also installing four new circuit breakers that will enhance system performance and help shorten power outage restoration time. The estimated project cost is $10 million.
FirstEnergy is dedicated to safety, reliability and operational excellence. Its 10 electric distribution companies form one of the nation's largest investor-owned electric systems, serving customers in Ohio, Pennsylvania, New Jersey, West Virginia, Maryland and New York. The company's transmission subsidiaries operate more than 24,000 miles of transmission lines that connect the Midwest and Mid-Atlantic regions.
The American Petroleum Institute, the oil and gas industry association, released a letter calling for the Trump Administration to "let markets work" by denying the struggling utility firm's request for a government rescue
The Nuclear Energy Institute told Wall Street analysts yesterday that its future is now in the hands of the states, which have bills pending that would recognize nuclear energy's economic and environmental contributions -- and that plants have years to live.
Robert Murray, after warning that Murray Energy could be pushed into bankruptcy if the Midwest coal industry failed to get a federal bailout, said he now expects his company to thrive whether or not the ...
The bankruptcy of an Ohio power company is reverberating in Chicago, home to one of the biggest money managers in the $3.9 trillion municipal-bond market.
New Jersey legislators are scheduled to vote on Thursday on a bill that would cost about $300 million a year to subsidize three nuclear reactors operated by New Jersey power company Public Service Enterprise ...
Energy Secretary Rick Perry's reluctance to invoke emergency powers to keep several northeastern nuclear and coal power plants in operation illustrates the ongoing struggle at DOE and FERC to appropriately address the issue of grid resiliency.