FirstEnergy (FE) Receives Daily Media Sentiment Rating of 0.12
Press coverage about FirstEnergy (NYSE:FE) has been trending somewhat positive this week, Accern Sentiment reports. The research firm identifies positive and negative press coverage by monitoring more than twenty million blog and news sources in real time. Accern ranks coverage of companies on a scale of -1 to 1, with scores nearest to one being the most favorable. FirstEnergy earned a news sentiment score of 0.12 on Accern’s scale. Accern also assigned press coverage about the utilities provider an impact score of 46.1703243918924 out of 100, meaning that recent press coverage is somewhat unlikely to have an effect on the stock’s share price in the near future.
Here are some of the media headlines that may have effected Accern Sentiment Analysis’s analysis:
- Mon Power, YWCA team up to prepare women in the workforce (timeswv.com)
- NFL roundup: Allen outduels Mayfield, stakes claim to Bills quarterback job (investing.com)
- FirstEnergy Solutions Takes Next Step towards Deactivation of its Three Nuclear Plants (bizjournals.com)
- Pepsi out as soft drink vendor for Browns at FirstEnergy Stadium (dawgsbynature.com)
- FirstEnergy Solutions takes next step toward shutting down Davis-Besse nuke plant (toledoblade.com)
FE has been the subject of a number of research analyst reports. TheStreet upgraded shares of FirstEnergy from a “c+” rating to a “b” rating in a report on Tuesday, July 31st. Morgan Stanley lifted their target price on shares of FirstEnergy from $37.00 to $38.00 and gave the stock a “buy” rating in a research note on Tuesday, April 24th. Zacks Investment Research upgraded shares of FirstEnergy from a “hold” rating to a “buy” rating and set a $39.00 target price for the company in a research note on Tuesday, July 24th. Mizuho upgraded shares of FirstEnergy from a “neutral” rating to a “buy” rating in a research note on Monday, May 7th. Finally, ValuEngine upgraded shares of FirstEnergy from a “hold” rating to a “buy” rating in a research note on Friday, June 1st. Five equities research analysts have rated the stock with a hold rating and ten have given a buy rating to the company’s stock. FirstEnergy has a consensus rating of “Buy” and an average target price of $37.57.
FirstEnergy (NYSE:FE) last posted its earnings results on Tuesday, July 31st. The utilities provider reported $0.62 earnings per share for the quarter, topping the consensus estimate of $0.53 by $0.09. The firm had revenue of $2.70 billion during the quarter, compared to the consensus estimate of $2.56 billion. FirstEnergy had a negative net margin of 4.60% and a positive return on equity of 24.39%. During the same quarter last year, the company earned $0.61 earnings per share. equities research analysts anticipate that FirstEnergy will post 2.46 EPS for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Saturday, September 1st. Stockholders of record on Tuesday, August 7th will be paid a $0.36 dividend. The ex-dividend date is Monday, August 6th. This represents a $1.44 annualized dividend and a dividend yield of 3.86%. FirstEnergy’s payout ratio is 46.91%.
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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