|Bid||0.00 x 2900|
|Ask||0.00 x 900|
|Day's Range||38.24 - 38.88|
|52 Week Range||29.34 - 39.38|
|Beta (3Y Monthly)||0.23|
|PE Ratio (TTM)||N/A|
|Earnings Date||Oct 24, 2018 - Oct 29, 2018|
|Forward Dividend & Yield||1.52 (3.79%)|
|1y Target Est||40.13|
AKRON, Ohio , Nov. 13, 2018 /PRNewswire/ -- FirstEnergy Corp. (NYSE: FE) has launched a new branding campaign called "Brighter Future" that taps into the stories of employees working to build ...
AES (AES), one of the smallest constituents of the Utilities ETF (XLU), is the top-rallied stock among its peers. So far, AES has risen more than 43% in 2018. Strong quarterly earnings growth influenced AES’s market performance in 2018. Currently, AES is trading close to its four-year high.
AKRON, Ohio, Nov. 9, 2018 /PRNewswire/ -- FirstEnergy Corp.'s (FE) Ohio utilities – Ohio Edison, Cleveland Electric Illuminating Company and Toledo Edison – today filed a stipulated agreement that will return $900 million to customers as a result of the Tax Cut and Jobs Act. The proposed settlement is supported by the Public Utilities Commission of Ohio (PUCO) Staff, representatives of industrial and commercial customers, environmental advocates, hospitals, competitive generation suppliers and other parties.
AKRON, Ohio, Nov. 9, 2018 /PRNewswire/ -- FirstEnergy Corp. (FE) today announced that its Board of Directors has approved a dividend policy that reflects the company's confidence in its growth initiatives. The Board will continue to base decisions regarding future dividend payments on FirstEnergy's earnings growth, cash flows, credit metrics, and other business conditions.
Pinnacle West's (PNW) Q3 earnings benefited from higher retails sales, courtesy of hotter-than-normal weather conditions in its service territories.
AKRON, Ohio, Nov. 2, 2018 /PRNewswire/ -- FirstEnergy Corp. (FE) today announced that President and Chief Executive Officer Charles E. Jones will make a presentation to investors at the Edison Electric Institute Financial Conference on Tuesday, November 13, 2018, at approximately 11:15 a.m. EST. The presentation will include an update on the company's key objectives and expectations for 2019. 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.
FE credit default swap spreads are within the middle of their range for the last three years. To the fullest extent permitted by law, IHS Markit disclaims any responsibility or liability, whether in contract, tort (including, without limitation, negligence), equity or otherwise, for any loss or damage arising from any reliance on or the use of this material in any way.
NEW YORK, Nov. 02, 2018 -- In new independent research reports released early this morning, Fundamental Markets released its latest key findings for all current investors,.
PPL Corporation (PPL) stock has a median target price of $31.27, compared to its current market price of $29.96. This indicates an estimated upside of 4.4% for the next 12 months.
Currently, PPL (PPL) is trading at a forward PE (price-to-earnings) multiple of 12.4x based on its 2019 earnings. The peers’ average forward PE multiple is ~14.6x. PPL’s five-year historical valuation is ~14.0x. So, the stock seems to be trading at a discounted valuation compared to its historical average as well as its peers’ valuations.
PPL Corporation (PPL) is expected to report EPS of $0.56 for the third quarter. In the third quarter of 2017, its earnings per share reached $0.56. PPL expects to grow its EPS 5.0%–6.0% per year through 2020, roughly in line with utilities in general.
Utilities—the defensives—felt the brunt of the market weakness last week. The Utilities Select Sector SPR ETF (XLU) fell ~2%, while the S&P 500 tumbled ~4% for the week ended October 26.
This represents an increase in short interest as investors who seek to profit from falling equity prices added to their short positions on October 22. The current level displays a neutral indicator.
Will FirstEnergy Stock Continue to Rise after Strong Q3 Earnings? According to Wall Street analysts’ consensus, FirstEnergy (FE) stock has a median target price of $39.69. The stock’s current market price is $37.89, which indicates a potential upside of ~5% over the next 12 months.