34.87 0.00 (0.00%)
After hours: 4:54PM EDT
|Bid||0.00 x 0|
|Ask||0.00 x 0|
|Day's Range||34.65 - 35.25|
|52 Week Range||27.93 - 35.52|
|PE Ratio (TTM)||N/A|
|Earnings Date||Apr 23, 2018|
|Forward Dividend & Yield||1.44 (4.22%)|
|1y Target Est||36.00|
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.
According to Wall Street analysts’ consensus, FirstEnergy (FE) stock has a mean price target of $36.00 against its current market price of $34.03. This indicates a potential upside of ~6% for the stock over the next 12 months.
FirstEnergy is waging a lonely fight as it seeks to persuade the Trump administration to bail out its struggling coal and nuclear-power plants through an unprecedented emergency action that experts say ...
Program offers rebates on professional energy audits and incentives for energy-saving improvements AKRON, Ohio , April 9, 2018 /PRNewswire/ -- Customers of FirstEnergy's (NYSE: FE) Ohio utilities – The ...
Sure, President Donald Trump may have recently said his administration is considering declaring a power grid emergency to aid money-losing coal and nuclear plants. And yes, Energy Secretary Rick Perry, ...
US utilities stocks were better compared to broader markets amid trade war concerns. The Utilities Select Sector SPDR ETF (XLU), which tracks the S&P 500 Utilities Index, fell 0.2%, while broader markets fell 1.3% last week. Investors turned to safe-haven utilities due to their premium dividend yields and stable stock movements amid increased volatility in broader markets.
AKRON, Ohio , April 9, 2018 /PRNewswire/ -- With utility scams on the rise, real customers of FirstEnergy (NYSE: FE) utilities are speaking out about their encounters with fraudsters in a mini documentary ...
FirstEnergy (FE) stock is currently trading 3% above its 50-day moving average and 6% above its 200-day moving average. The stock’s fair premium to both these support levels highlights its strength. Going forward, its 50-day moving average of ~$32.77 is expected to act as a support. It’s currently trading at $33.86.
FirstEnergy (FE) is currently trading at a dividend yield of 4.3%, in line with the industry average. FirstEnergy’s five-year average dividend yield is ~4.8%. In 1Q14, FirstEnergy cut its per-share dividend from $0.55 to $0.36 when cash retention became vital.
Due to high capital requirements and volatile cash flow from operations, FirstEnergy’s (FE) free cash flow has been relatively unstable. In 2017, FE reported free cash flow of $49 million, while it was -$78 million in 2016.
FirstEnergy Solutions Corp.outlined a bankruptcy strategy that reveals how its nuclear- and fossil-fuel assets will be treated and a legal path for restructuring a knotty sale-leaseback transaction.