Media coverage about FirstEnergy (NYSE:FE) has trended somewhat positive this week, according to Accern Sentiment Analysis. The research group rates the sentiment of media 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 earned a coverage optimism score of 0.03 on Accern’s scale. Accern also assigned media coverage about the utilities provider an impact score of 43.4248449258043 out of 100, meaning that recent media coverage is somewhat unlikely to have an effect on the company’s share price in the next several days.
These are some of the headlines that may have effected Accern’s analysis:
- Today’s Hot Stock Under Review: FirstEnergy Corp (NYSE: FE) – Alpha Beta Stock (alphabetastock.com)
- FirstEnergy Corp. (FE) projected to achieve earnings growth of 73.30% for this year – Wallstreet Investorplace (wallstreetinvestorplace.com)
- JCP&L Continuing Repairs in Hardest-Hit Areas Following Severe Winter Storms (finance.yahoo.com)
- More than 6200 Utility Personnel Help JCP&L Restore Customers Following Severe Winter Storms – PR Newswire (press release) (prnewswire.com)
- More than 6,200 Utility Personnel Help JCP&L Restore Customers Following Severe Winter Storms (finance.yahoo.com)
FE has been the subject of a number of recent research reports. Morgan Stanley set a $35.00 target price on FirstEnergy and gave the company a “buy” rating in a research note on Thursday, March 8th. UBS initiated coverage on FirstEnergy in a research note on Friday, February 2nd. They issued a “buy” rating and a $39.00 target price for the company. Guggenheim restated a “buy” rating and issued a $47.00 target price on shares of FirstEnergy in a research note on Wednesday, January 3rd. Zacks Investment Research upgraded FirstEnergy from a “hold” rating to a “buy” rating and set a $34.00 price objective for the company in a research note on Tuesday, January 2nd. Finally, Bank of America upgraded FirstEnergy from a “neutral” rating to a “buy” rating and increased their price objective for the stock from $32.09 to $36.00 in a research note on Friday, January 26th. Nine investment analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. The company presently has a consensus rating of “Buy” and a consensus target price of $35.29.
FirstEnergy (NYSE:FE) last announced its earnings results on Tuesday, February 20th. The utilities provider reported $0.71 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.68 by $0.03. FirstEnergy had a positive return on equity of 24.02% and a negative net margin of 12.30%. The company had revenue of $3.40 billion during the quarter, compared to analyst estimates of $3.54 billion. During the same period last year, the company posted $0.38 earnings per share. The firm’s quarterly revenue was up .0% compared to the same quarter last year. analysts predict that FirstEnergy will post 2.39 EPS for the current fiscal year.
The firm also recently announced a quarterly dividend, which was paid on Thursday, March 1st. Stockholders of record on Wednesday, February 7th were paid a $0.36 dividend. The ex-dividend date of this dividend was Tuesday, February 6th. This represents a $1.44 dividend on an annualized basis and a dividend yield of 4.25%. FirstEnergy’s dividend payout ratio (DPR) is presently -37.11%.
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FirstEnergy 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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