FirstEnergy Corporation (NYSE:FE) Announces $0.45 Quarterly Dividend

FirstEnergy Corporation (NYSE:FE) declared a quarterly dividend on Wednesday, December 17th. Shareholders of record on Friday, February 6th will be given a dividend of 0.445 per share by the utilities provider on Sunday, March 1st. This represents a c) annualized dividend and a yield of 4.0%. The ex-dividend date is Friday, February 6th.

FirstEnergy has increased its dividend by an average of 0.0%per year over the last three years and has raised its dividend every year for the last 3 years. FirstEnergy has a dividend payout ratio of 65.9% meaning its dividend is sufficiently covered by earnings. Equities research analysts expect FirstEnergy to earn $2.89 per share next year, which means the company should continue to be able to cover its $1.78 annual dividend with an expected future payout ratio of 61.6%.

FirstEnergy Price Performance

FE stock traded up $0.07 during trading on Thursday, hitting $44.57. The stock had a trading volume of 485,071 shares, compared to its average volume of 4,733,800. FirstEnergy has a 1-year low of $37.58 and a 1-year high of $48.20. The company’s 50 day moving average price is $46.15 and its two-hundred day moving average price is $43.67. The company has a debt-to-equity ratio of 1.80, a quick ratio of 0.64 and a current ratio of 0.75. The stock has a market cap of $25.75 billion, a price-to-earnings ratio of 19.46, a price-to-earnings-growth ratio of 2.68 and a beta of 0.66.

FirstEnergy (NYSE:FE) last released its earnings results on Wednesday, October 22nd. The utilities provider reported $0.83 earnings per share for the quarter, topping the consensus estimate of $0.76 by $0.07. The firm had revenue of $4.15 billion for the quarter, compared to the consensus estimate of $3.94 billion. FirstEnergy had a return on equity of 11.15% and a net margin of 9.19%.The firm’s revenue for the quarter was up 10.8% compared to the same quarter last year. During the same period in the prior year, the business posted $0.85 earnings per share. FirstEnergy has set its FY 2025 guidance at 2.500-2.560 EPS. On average, sell-side analysts forecast that FirstEnergy will post 2.66 EPS for the current fiscal year.

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.