FirstEnergy Corporation (NYSE:FE – Get Free Report) announced a quarterly dividend on Tuesday, September 29th. Shareholders of record on Friday, November 6th will be paid a dividend of $0.4650 per share by the utilities provider on Tuesday, December 1st. This represents a $1.86 dividend on an annualized basis and a yield of 3.9%. The ex-dividend date of this dividend is Friday, November 6th.
FirstEnergy has a payout ratio of 68.9% indicating that its dividend is sufficiently covered by earnings. Analysts expect FirstEnergy to earn $2.95 per share next year, which means the company should continue to be able to cover its $1.86 annual dividend with an expected future payout ratio of 63.1%.
FirstEnergy Price Performance
FE stock opened at $47.12 on Wednesday. FirstEnergy has a one year low of $42.67 and a one year high of $52.34. The company’s fifty day moving average price is $45.46 and its 200-day moving average price is $47.52. The company has a debt-to-equity ratio of 1.79, a quick ratio of 0.31 and a current ratio of 0.38. The company has a market capitalization of $27.28 billion, a PE ratio of 22.66, a price-to-earnings-growth ratio of 2.80 and a beta of 0.39.
FirstEnergy (NYSE:FE – Get Free Report) last posted its earnings results on Tuesday, October 27th. The utilities provider reported $0.98 earnings per share for the quarter, beating the consensus estimate of $0.90 by $0.08. The company had revenue of $4.56 billion during the quarter, compared to analysts’ expectations of $4.24 billion. FirstEnergy had a net margin of 7.40% and a return on equity of 11.07%. FirstEnergy’s quarterly revenue was up 12.2% on a year-over-year basis. During the same period last year, the company posted $0.83 earnings per share. On average, equities analysts anticipate that FirstEnergy will post 2.74 EPS for the current fiscal year.
About FirstEnergy
FirstEnergy Corp. (NYSE: FE) is an electric utility company focused on the transmission and distribution of electricity. Through its regulated utility subsidiaries, the company delivers power to residential, commercial and industrial customers and maintains the poles, lines, substations and other infrastructure that support electric service.
FirstEnergy’s distribution operations serve customers across parts of Ohio, Pennsylvania, New Jersey, West Virginia and Maryland. Its utility companies include Ohio Edison, The Illuminating Company, Toledo Edison, Jersey Central Power & Light, Met-Ed, Penelec, Penn Power, West Penn Power, Mon Power and The Potomac Edison Company.
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