FirstEnergy Corporation Common (NYSE:FE):
Energy Conservation Kit Available to Residential Customers of FirstEnergy’s Ohio Utilities.
The company is so far trading up since yesterday’s close of $29.11.
FirstEnergy Corporation Common also declared a dividend for shareholders that was paid on Thursday the 1st of June 2017. The dividend payment was $0.360 per share for the quarter which comes to $1.44 on an annualized basis. The dividend yield was $4.95. The ex-dividend date was set for Wednesday the 3rd of May 2017.
FirstEnergy Corp., launched on September 17, 1996, is a holding company. The Company is involved in holding, directly or indirectly, all of the outstanding equity of its principal subsidiaries, which include Ohio Edison Company (OE), The Cleveland Electric Illuminating Company (CEI), The Toledo Edison Company (TE), Pennsylvania Power Company (Penn), Jersey Central Power & Light Company (JCP&L), Metropolitan Edison Company (ME), Pennsylvania Electric Company (PN), FirstEnergy Service Company (FESC), FirstEnergy Solutions Corp. (FES) and its principal subsidiaries (FirstEnergy Generation, LLC (FG) and FirstEnergy Nuclear Generation, LLC (NG)), Allegheny Energy Supply Company, LLC (AE Supply), Monongahela Power Company (MP), The Potomac Edison Company (PE), West Penn Power Company (WP), FirstEnergy Transmission, LLC (FET) and its principal subsidiaries (American Transmission Systems, Incorporated (ATSI) and Trans-Allegheny Interstate Line Company (TrAIL)), and Allegheny Energy Service Corporation (AESC). The Business’s segments include Regulated Distribution, Regulated Transmission, Competitive Energy Services (CES) and Corporate/Other..
Shares are trading at $29.31 marginally over the 50 day moving average which is $29.17 and just a bit lower than the 200 day moving average of $30.55. The 50 day moving average was up by +0.77% and the 200 day average moved down $-1.16.
As of the last earnings report the EPS was $-14.63 and is expected to be $2.81 for the current year with 443,740,000 shares now outstanding. Next quarter’s EPS is forecasted to be $0.95 with next year’s EPS projected to be $2.51.
Investment firms have weighed in on FE. On December 2, 2016 the stock rating was set at “Equal-Weight” by Barclays which is down from the previous “Overweight” rating. On October 25 the company was rated “Buy” in a report from Deutsche Bank which was a boost from the previous “Hold” rating.
On October 18 the stock rating was upgraded from “” to “Neutral” and a price target of $33.00 was set in an announcement from Evercore ISI Group. On October 18 the company was upgraded to “Neutral” from “Sell” with a current price target of $33.00 in a report from Citigroup.
Citigroup upgraded the stock and raised the price target on October 18 boosting the price target from $31.00 to $33.00 and moving the rating from “Sell” to “Neutral”. On October 13 the company was upgraded to “Overweight” from “Equal-weight” in a report issued by Barclays.