FirstEnergy (FE) Getting Somewhat Favorable Press Coverage, Report Finds

News headlines about FirstEnergy (NYSE:FE) have been trending somewhat positive this week, Accern Sentiment reports. Accern identifies negative and positive news coverage by monitoring more than 20 million blog and news sources in real time. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores closest to one being the most favorable. FirstEnergy earned a daily sentiment score of 0.18 on Accern’s scale. Accern also gave media headlines about the utilities provider an impact score of 45.6791412041881 out of 100, meaning that recent news coverage is somewhat unlikely to have an impact on the stock’s share price in the next several days.

Here are some of the news stories that may have effected Accern’s rankings:

A number of equities analysts have issued reports on FE shares. Wolfe Research raised shares of FirstEnergy from a “peer perform” rating to an “outperform” rating in a report on Monday, January 29th. Bank of America raised shares of FirstEnergy from a “neutral” rating to a “buy” rating and raised their target price for the stock from $32.09 to $36.00 in a report on Friday, January 26th. Morgan Stanley set a $35.00 target price on shares of FirstEnergy and gave the stock a “buy” rating in a report on Thursday, March 8th. Wells Fargo & Co raised shares of FirstEnergy from a “market perform” rating to an “outperform” rating and raised their target price for the stock from $27.93 to $34.30 in a report on Monday, April 30th. Finally, UBS started coverage on shares of FirstEnergy in a report on Friday, February 2nd. They issued a “buy” rating and a $39.00 target price on the stock. Nine investment analysts have rated the stock with a hold rating and ten have given a buy rating to the company’s stock. FirstEnergy presently has a consensus rating of “Buy” and an average target price of $35.52.

Shares of NYSE:FE traded up $0.16 during trading hours on Friday, hitting $34.10. The stock had a trading volume of 2,176,468 shares, compared to its average volume of 6,590,476. FirstEnergy has a 1-year low of $28.65 and a 1-year high of $35.56. The firm has a market capitalization of $16.14 billion, a P/E ratio of 11.11, a PEG ratio of 2.37 and a beta of 0.24. The company has a current ratio of 0.46, a quick ratio of 0.40 and a debt-to-equity ratio of 2.32.

FirstEnergy (NYSE:FE) last announced its quarterly earnings results on Monday, April 23rd. The utilities provider reported $0.67 EPS for the quarter, missing the consensus estimate of $0.68 by ($0.01). FirstEnergy had a negative net margin of 5.33% and a positive return on equity of 22.52%. The firm had revenue of $2.90 billion during the quarter, compared to analyst estimates of $3.36 billion. During the same quarter in the previous year, the business posted $0.78 EPS. FirstEnergy’s revenue for the quarter was down 18.4% compared to the same quarter last year. analysts predict that FirstEnergy will post 2.38 EPS for the current year.

The company also recently declared a quarterly dividend, which will be paid on Friday, June 1st. Shareholders of record on Monday, May 7th will be paid a $0.36 dividend. The ex-dividend date is Friday, May 4th. This represents a $1.44 annualized dividend and a dividend yield of 4.22%. FirstEnergy’s payout ratio is currently 46.91%.

About FirstEnergy

FirstEnergy Corp., through its subsidiaries, generates, transmits, and distributes electricity in the United States. The company operates through Regulated Distribution, Regulated Transmission, and Competitive Energy Services segments. It owns and operates coal-fired, nuclear, hydroelectric, oil and natural gas, wind, and solar power generating facilities.

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