FirstEnergy (NYSE:FE – Get Free Report) announced its quarterly earnings data on Tuesday. The utilities provider reported $0.56 earnings per share for the quarter, hitting the consensus estimate of $0.56, Briefing.com reports. The company had revenue of $3.28 billion for the quarter, compared to analyst estimates of $3.47 billion. FirstEnergy had a return on equity of 12.61% and a net margin of 6.61%. During the same quarter last year, the firm earned $0.47 EPS.
FirstEnergy Trading Up 1.9 %
FirstEnergy stock traded up $0.82 during mid-day trading on Thursday, hitting $42.73. The stock had a trading volume of 3,161,531 shares, compared to its average volume of 2,975,500. The stock has a 50-day simple moving average of $39.18 and a two-hundred day simple moving average of $38.35. The company has a current ratio of 0.65, a quick ratio of 0.56 and a debt-to-equity ratio of 1.59. The stock has a market capitalization of $24.59 billion, a PE ratio of 24.08, a P/E/G ratio of 2.64 and a beta of 0.49. FirstEnergy has a 12 month low of $32.18 and a 12 month high of $42.80.
FirstEnergy Announces Dividend
The company also recently announced a quarterly dividend, which will be paid on Sunday, September 1st. Stockholders of record on Wednesday, August 7th will be given a dividend of $0.425 per share. The ex-dividend date is Wednesday, August 7th. This represents a $1.70 dividend on an annualized basis and a dividend yield of 3.98%. FirstEnergy’s payout ratio is currently 97.70%.
Analyst Ratings Changes
Get Our Latest Stock Analysis on FirstEnergy
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.
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