|Bid||0.00 x 800|
|Ask||0.00 x 4000|
|Day's Range||37.29 - 37.84|
|52 Week Range||29.34 - 38.70|
|Beta (3Y Monthly)||0.17|
|PE Ratio (TTM)||N/A|
|Earnings Date||Oct 24, 2018 - Oct 29, 2018|
|Forward Dividend & Yield||1.44 (3.85%)|
|1y Target Est||39.56|
FirstEnergy's crews are initially scheduled to assist Georgia Power in Georgia and Dominion Energy in Virginia with restoration efforts, which will include assessing damage, replacing broken poles, stringing new wires and replacing other equipment as needed to restore power. These efforts also include special hazards like blocked roads, localized flooding and wildlife hazards that are difficult to predict ahead of time.
So far in 2018, FirstEnergy (FE) has outperformed peer utilities in terms of total returns. FirstEnergy has returned 28% based on stock appreciation and dividend payments. The company’s better-than-expected quarterly earnings and separation of relatively riskier competitive operations has influenced FirstEnergy’s market performance. Currently, FirstEnergy is trading at a dividend yield of 3.8%. The company is expected to pay an annualized dividend of $1.44 per share in 2018.
Will FirstEnergy Stock Continue to Soar? In this part, let’s see where FirstEnergy (FE) stock might go from its current levels. FirstEnergy is trading at $37.41, which is ~2% and 10% above its 50-day and 200-day moving average levels.
Brokerages seem to be bullish on FirstEnergy (FE). One of the top-rallied stocks among the S&P 500 Utilities, FirstEnergy received a target price increase from several brokerage houses. Mizuho Securities raised FirstEnergy’s target price from $36.5 to $39.5 on October 11.
AKRON, Ohio, Oct. 11, 2018 /PRNewswire/ -- FirstEnergy Corp.'s (FE) utilities have sent about 125 linemen, electrical contractors and support personnel to help restore power following Hurricane Michael, a powerful storm that caused destruction in the Florida panhandle when it made landfall and continues to leave damage behind as it moves northeast across the southeastern U.S. This assistance is part of the company's long-standing tradition of assisting other utility companies with service restoration following large-scale weather events. Hurricane Michael has left nearly a million people without power across the south since Wednesday.
FAIRMONT, W.Va., Oct. 11, 2018 /PRNewswire/ -- Mon Power, a subsidiary of FirstEnergy Corp. (FE), relocated a half-mile stretch of a high-voltage transmission line in Tucker County for the construction of a new Corridor H highway bridge that is part of a West Virginia initiative to increase economic prosperity in historically hard-to-reach communities. The $3-million project eliminates power line interference and clearance issues with the new bridge. Sections of the 138,000-volt transmission line that link substations near Elkins and Parsons were reconstructed on five new steel monopoles farther up the mountainside. The relocated portion of the line maintains necessary electrical clearances by crossing the new bridge high overhead rather than passing 150 feet beneath the bridge along its original route.
NEW YORK, Oct. 11, 2018 -- In new independent research reports released early this morning, Market Source Research released its latest key findings for all current investors,.
PPL (PPL) stock has a median target price of $31.27—compared to its current market price of $29.56, which indicates an estimated upside of ~6% for the next 12 months.
AKRON, Ohio, Oct. 3, 2018 /PRNewswire/ -- FirstEnergy Corp. (FE) today announced a Request for Proposal (RFP) to purchase both Ohio-compliant Solar Renewable Energy Credits (SRECs) and Renewable Energy Credits (RECs) for its Ohio utilities – Ohio Edison, Cleveland Electric Illuminating and Toledo Edison. The purchases will help meet the utilities' 2018 renewable energy targets established under Ohio's alternative energy law.
Webcast Will be Available AKRON, Ohio , Sept. 27, 2018 /PRNewswire/ -- FirstEnergy Corp. (NYSE: FE) today announced that Senior Vice President and Chief Financial Officer Steven E. Strah will participate ...
AKRON, Ohio, Sept. 26, 2018 /PRNewswire/ -- FirstEnergy Corp. (FE) today announced that the bankruptcy court has approved the company's definitive settlement agreement in the Chapter 11 proceedings of FirstEnergy Solutions (FES), its subsidiaries and FirstEnergy Nuclear Operating Company (FENOC).
According to Wall Street analysts’ consensus, FirstEnergy (FE) stock has a median target price of $39.1. The stock’s current market price is $36.90, which indicates a potential upside of 6% over the next 12 months.
On September 21, the implied volatility in FirstEnergy (FE) stock was close to 16%—near its 15-day average. The implied volatility was notably higher than broader utilities and broader markets. A higher implied volatility shows more investor anxiety. Higher implied volatility is usually associated with a fall in the stock and vice versa.
NextEra Energy (NEE), the biggest component of the Utilities Select Sector SPDR ETF (XLU), has rallied more than 10% so far this year. It has significantly outperformed its peers in the last few years.
FirstEnergy (FE) is trading at a dividend yield of 3.9%—higher than most utilities. The Utilities Select Sector SPDR ETF (XLU) offers a yield of 3.3%. FirstEnergy’s five-year average dividend yield is ~4.8%. In the first quarter of 2014, FirstEnergy cut its dividend per share from $0.55 to $0.36 when cash retention became vital. Since then, FirstEnergy hasn’t increased its quarterly dividend. Currently, FirstEnergy is trading at a forward dividend yield of 3.9%.
There was a significant bout of selling in utilities last week. The Utilities Select Sector SPDR ETF (XLU), a representative of the S&P 500 Utilities Index, fell 2.3% as the benchmark Treasury yield rose sharply. Broader markets continued to surge and rose 0.4% in the week. On September 19, the ten-year Treasury yield rose to 3.07%, its four-month high.
Currently, FirstEnergy (FE) stock is trading at a forward PE multiple of 15x—lower than its peers’ average forward valuation of over 16x. FirstEnergy expects its earnings to grow 2.5% next year. FirstEnergy is trading at a forward EV-to-EBITDA multiple close to 9.5x—compared to peers’ average of 11x.
FirstEnergy (FE), a utility under transformation, is one of the top-rallied stocks among the S&P 500 Utilities (XLU). Currently, FirstEnergy is trading 1% and 8% above its 50-day and 200-day moving average levels, respectively. Both of these moving averages could act as a support for FirstEnergy stock in the short term. The stock closed at $36.9 on September 21.
Over the last month, growth of ETFs holding FE is favorable, with net inflows of $17.48 billion. This is among the highest net inflows seen over the last one-year and the rate of additional inflows appears to be increasing.
The utilities sector—one of the most vulnerable sectors to interest rates—fell more than 2% after the benchmark Treasury yields reached a four-month high on September 19. The ten-year Treasury yield has been very strong. The ten-year Treasury yield has risen from 2.86% to 3.07% in September. Broader markets continued to climb and rose 0.1% on September 19.
AKRON, Ohio , Sept. 19, 2018 /PRNewswire/ -- FirstEnergy Corp. (NYSE: FE) today announced that Leslie M. Turner has been elected to the company's Board of Directors. Turner, 60, retired earlier this year ...