Analysts expect that FirstEnergy Corp. (NYSE:FE) will post earnings per share of $0.69 for the current quarter, Zacks reports. Two analysts have provided estimates for FirstEnergy’s earnings, with the lowest EPS estimate coming in at $0.66 and the highest estimate coming in at $0.73. FirstEnergy posted earnings of $0.38 per share during the same quarter last year, which would suggest a positive year over year growth rate of 81.6%. The firm is expected to issue its next earnings report after the market closes on Tuesday, February 20th.

According to Zacks, analysts expect that FirstEnergy will report full-year earnings of $3.06 per share for the current fiscal year, with EPS estimates ranging from $3.03 to $3.09. For the next financial year, analysts forecast that the firm will report earnings of $2.56 per share, with EPS estimates ranging from $2.14 to $3.05. Zacks Investment Research’s EPS calculations are a mean average based on a survey of research analysts that follow FirstEnergy.

A number of research analysts have weighed in on FE shares. Deutsche Bank raised shares of FirstEnergy from a “hold” rating to a “buy” rating in a research note on Tuesday, October 17th. Citigroup raised their price objective on shares of FirstEnergy from $31.00 to $34.00 and gave the company a “neutral” rating in a research note on Tuesday, October 17th. KeyCorp reaffirmed a “hold” rating on shares of FirstEnergy in a research note on Friday, October 20th. Bank of America started coverage on shares of FirstEnergy in a research note on Tuesday, October 24th. They issued a “neutral” rating and a $34.00 price objective on the stock. Finally, Mizuho reaffirmed a “hold” rating and issued a $30.50 price objective on shares of FirstEnergy in a research note on Tuesday, October 24th. Nine investment analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. The company presently has a consensus rating of “Buy” and a consensus target price of $35.67.

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Baker Ellis Asset Management LLC purchased a new stake in FirstEnergy during the fourth quarter worth about $122,000. Archford Capital Strategies LLC increased its holdings in FirstEnergy by 2,045.8% during the second quarter. Archford Capital Strategies LLC now owns 4,077 shares of the utilities provider’s stock worth $262,000 after buying an additional 3,887 shares during the last quarter. Tower Research Capital LLC TRC increased its holdings in FirstEnergy by 344.8% during the fourth quarter. Tower Research Capital LLC TRC now owns 4,791 shares of the utilities provider’s stock worth $147,000 after buying an additional 3,714 shares during the last quarter. Accurate Investment Solutions Inc. increased its holdings in FirstEnergy by 767.8% during the third quarter. Accurate Investment Solutions Inc. now owns 5,493 shares of the utilities provider’s stock worth $170,000 after buying an additional 4,860 shares during the last quarter. Finally, IBM Retirement Fund purchased a new stake in FirstEnergy during the third quarter worth about $204,000. Institutional investors and hedge funds own 83.29% of the company’s stock.

Shares of FirstEnergy (NYSE:FE) traded up $0.65 during midday trading on Friday, reaching $31.29. 8,251,609 shares of the company traded hands, compared to its average volume of 8,980,000. The company has a market capitalization of $13,920.00, a price-to-earnings ratio of -2.66, a PEG ratio of 12.20 and a beta of 0.35. FirstEnergy has a fifty-two week low of $27.93 and a fifty-two week high of $35.22. The company has a debt-to-equity ratio of 3.29, a quick ratio of 0.56 and a current ratio of 0.69.

The company also recently declared a quarterly dividend, which will be paid on Thursday, March 1st. Investors of record on Wednesday, February 7th will be given a dividend of $0.36 per share. This represents a $1.44 dividend on an annualized basis and a dividend yield of 4.60%. The ex-dividend date of this dividend is Tuesday, February 6th. FirstEnergy’s payout ratio is currently -12.23%.

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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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