FirstEnergy Corporation (FE) To Go Ex-Dividend on November 7th

FirstEnergy Corporation (NYSE:FE) announced a quarterly dividend on Tuesday, September 23rd, RTT News reports. Investors of record on Friday, November 7th will be given a dividend of 0.445 per share by the utilities provider on Monday, December 1st. This represents a c) annualized dividend and a dividend yield of 4.0%. The ex-dividend date is Friday, November 7th.

FirstEnergy has a dividend payout ratio of 65.9% meaning its dividend is sufficiently covered by earnings. Analysts expect FirstEnergy to earn $2.89 per share next year, which means the company should continue to be able to cover its $1.78 annual dividend with an expected future payout ratio of 61.6%.

FirstEnergy Price Performance

FirstEnergy stock opened at $44.07 on Thursday. FirstEnergy has a 1 year low of $37.58 and a 1 year high of $44.58. The company has a debt-to-equity ratio of 1.68, a quick ratio of 0.51 and a current ratio of 0.61. The firm has a 50 day moving average price of $43.06 and a 200 day moving average price of $41.54. The company has a market cap of $25.44 billion, a price-to-earnings ratio of 19.50, a PEG ratio of 2.69 and a beta of 0.50.

FirstEnergy (NYSE:FE) last posted its quarterly earnings results on Wednesday, July 30th. The utilities provider reported $0.52 earnings per share for the quarter, topping analysts’ consensus estimates of $0.50 by $0.02. The company had revenue of $3.40 billion for the quarter, compared to the consensus estimate of $3.45 billion. FirstEnergy had a net margin of 9.31% and a return on equity of 11.31%. During the same quarter last year, the firm posted $0.56 earnings per share. FirstEnergy has set its FY 2025 guidance at 2.400-2.600 EPS. Sell-side analysts predict that FirstEnergy will post 2.66 earnings per share for the current year.

Wall Street Analyst Weigh In

Several research analysts recently weighed in on FE shares. Mizuho increased their target price on FirstEnergy from $43.00 to $45.00 and gave the stock a “neutral” rating in a research report on Friday, August 1st. UBS Group set a $44.00 price objective on FirstEnergy and gave the stock a “neutral” rating in a report on Tuesday, June 24th. Morgan Stanley reaffirmed an “overweight” rating on shares of FirstEnergy in a research note on Thursday, August 21st. Barclays raised shares of FirstEnergy from an “equal weight” rating to an “overweight” rating and increased their target price for the stock from $43.00 to $49.00 in a research report on Monday, August 25th. Finally, KeyCorp restated an “overweight” rating and issued a $46.00 price target (down previously from $47.00) on shares of FirstEnergy in a report on Wednesday, July 16th. Six equities research analysts have rated the stock with a Buy rating and eight have assigned a Hold rating to the stock. Based on data from MarketBeat, FirstEnergy has a consensus rating of “Hold” and a consensus price target of $46.00.

FirstEnergy Company Profile

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