Media headlines about FirstEnergy Corporation (NYSE:FE) have been trending somewhat positive on Sunday, Accern Sentiment reports. Accern identifies positive and negative press coverage by monitoring more than 20 million blog and news sources in real-time. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores closest to one being the most favorable. FirstEnergy Corporation earned a daily sentiment score of 0.18 on Accern’s scale. Accern also assigned media coverage about the utilities provider an impact score of 45.2992739707435 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the company’s share price in the near term.
Here are some of the headlines that may have impacted Accern Sentiment Analysis’s rankings:
- FirstEnergy Corp. breached its 50 day moving average in a Bearish Manner : FE-US : September 14, 2017 (finance.yahoo.com)
- FirstEnergy Sending Additional Support to Assist with Hurricane Irma Power Restoration Efforts in Florida – Markets Insider (markets.businessinsider.com)
- FirstEnergy Corporation (FE) Stock Rating Lowered by ValuEngine (americanbankingnews.com)
- FirstEnergy Corporation (FE) Upgraded to “Buy” at Zacks Investment Research (americanbankingnews.com)
Several brokerages have recently commented on FE. Goldman Sachs Group, Inc. (The) cut shares of FirstEnergy Corporation from a “positive” rating to a “neutral” rating in a research report on Monday, June 26th. Evercore ISI upgraded shares of FirstEnergy Corporation from an “in-line” rating to an “outperform” rating and boosted their target price for the company from $30.00 to $35.00 in a research report on Monday, August 14th. Tudor Pickering upgraded shares of FirstEnergy Corporation from a “trim” rating to a “hold” rating in a research report on Friday, July 14th. Jefferies Group LLC restated a “hold” rating and issued a $33.00 target price (up from $31.00) on shares of FirstEnergy Corporation in a research report on Monday, July 31st. Finally, Wolfe Research upgraded shares of FirstEnergy Corporation from an “underperform” rating to a “market perform” rating and boosted their target price for the company from $30.00 to $32.00 in a research report on Monday, June 26th. Fourteen analysts have rated the stock with a hold rating and four have issued a buy rating to the company. The company has a consensus rating of “Hold” and a consensus price target of $34.09.
Shares of FirstEnergy Corporation (FE) opened at 31.62 on Friday. The company’s market capitalization is $14.05 billion. The company’s 50 day moving average is $32.30 and its 200 day moving average is $30.71. FirstEnergy Corporation has a one year low of $27.93 and a one year high of $34.96.
FirstEnergy Corporation (NYSE:FE) last announced its earnings results on Thursday, July 27th. The utilities provider reported $0.61 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.61. The business had revenue of $3.30 billion for the quarter, compared to the consensus estimate of $3.38 billion. FirstEnergy Corporation had a negative net margin of 35.59% and a positive return on equity of 15.41%. FirstEnergy Corporation’s quarterly revenue was down 3.0% on a year-over-year basis. During the same period last year, the firm posted $0.56 earnings per share. Equities research analysts predict that FirstEnergy Corporation will post $2.81 earnings per share for the current year.
The firm also recently declared a quarterly dividend, which was paid on Friday, September 1st. Shareholders of record on Monday, August 7th were given a dividend of $0.36 per share. This represents a $1.44 dividend on an annualized basis and a yield of 4.55%. The ex-dividend date of this dividend was Thursday, August 3rd. FirstEnergy Corporation’s payout ratio is currently -12.31%.
FirstEnergy Corporation Company Profile
FirstEnergy Corp. is a holding company. The Company is engaged in holding, directly or indirectly, all of the outstanding equity of its principal subsidiaries. Its segments include Regulated Distribution, Regulated Transmission, Competitive Energy Services (CES) and Corporate/Other. As of December 31, 2016, the Regulated Distribution segment distributed electricity through the Company’s 10 utility operating companies, serving approximately six million customers, and purchased power for its provider of last resort (POLR), standard offer service (SOS), standard offer service (SSO) and default service requirements in Ohio, Pennsylvania, New Jersey and Maryland.
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