Dernières nouvelles pour FirstEnergy (NYSE:FE) Stock

FirstEnergy

FirstEnergy is an investor-owned holding company with 10 regulated distribution utilities across six mid-Atlantic and Midwestern states. FirstEnergy also owns and operates one of the nation's largest electric transmission systems.

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FirstEnergy Corporation&#39;s (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/fe#NYSE">FE</a>) continuous capital investments to maintain and increase resiliency are likely to strengthen its infrastructure, which will help enhance its performance. Given its growth opportunities, FE makes for a solid investment option in the Utility sector.
Currently, the company carries a Zacks Rank #2 (Buy). Let&#39;s look at the factors that are driving the stock.
<h2>FE&#39;s Growth Projections &amp; Surprise History</h2>
The Zacks Consensus Estimate for FE&#39;s 2024 earnings per share is pinned at $2.70, which indicates year-over-year growth of 5.5%.
The consensus estimate for 2024 sales is pinned at $13.78 billion, which indicates year-over-year growth of 7.1%.
The company&#39;s long-term (three to five years) earnings growth rate is 7%.
FE has a positive earnings surprise history. Its trailing four-quarter earnings surprise is 2.66%, on average.
<h2>FE&#39;s Dividend Yield</h2>
FirstEnergy has been rewarding its shareholders with dividend payments at regular intervals. The company&#39;s board of directors approved a new dividend policy in February 2023 that increased the target payout ratio to 60-70% from 55-65% previously. Its current dividend yield is 3.86%, better than the Zacks S&amp;P 500 composite&#39;s average yield of 1.24%.
<h2>FE&#39;s Return on Equity</h2>
FirstEnergy&#39;s current return on equity (ROE) is 12.12%, which is more than the industry average of 10.42%. ROE, a profitable measure, reflects how effectively a company is utilizing its shareholders&#39; funds in its operations to generate income.
<h2>FE&#39;s Solvency</h2>
The time-to-interest earned ratio at the end of the second quarter was 2.11. The ratio, being greater than one, reflects the company&#39;s ability to meet future interest obligations without difficulties.
<h2>Strategic Investments of FirstEnergy</h2>
FirstEnergy&#39;s strategic investment will help serve its 6 million customers more efficiently. The company&#39;s &quot;Energize365&quot; is a multi-year grid evolution platform that is focused on enhancing the customer experience while maintaining affordability.
With planned investments of $26 billion between 2024 and 2028, FE plans to install advanced equipment and technologies that will strengthen and modernize its transmission and distribution infrastructure. Strengthening the transmission and renewable generation assets will allow it to transmit electricity even during adverse weather conditions.
<h2>FE Stock&#39;s Price Performance</h2>
Shares of FirstEnergy have gained 23.4% in the year-to-date period compared with the industry&#39;s 22.7% growth.
<img alt="Zacks Investment Research" src="https://staticx-tuner.zacks.com/images/articles/charts/04/80233.jpg?v=627393970" />
Image Source: Zacks Investment Research
<h2>Other Stocks to Consider</h2>
Some other top-ranked stocks in the industry are NiSource Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/ni#NYSE">NI</a>), IDACORP, Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/ida#NYSE">IDA</a>) and Edison International (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/eix#NYSE">EIX</a>). Each of these stocks currently carries a Zacks Rank of 2.
NiSource delivered an average earnings surprise of 20.64% in the last four quarters. The Zacks Consensus Estimate for NI&#39;s 2025 sales indicates year-over-year growth of 12.1%.
IDACORP delivered an average earnings surprise of 10.35% in the last four quarters. The consensus estimate for IDA&#39;s 2024 sales indicates year-over-year growth of 3.8%.
Edison International delivered an average earnings surprise of 4.13% in the last four quarters. The Zacks Consensus Estimate for EIX&#39;s 2024 sales indicates year-over-year growth of 2.9%.
<a href="https://www.zacks.com/stock/news/2345623/here-s-why-you-should-add-firstenergy-stock-to-your-portfolio-now?cid=CS-BENZ-FT-analyst_blog|rank_focused-2345623">To read this article on Zacks.com click here.</a>

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Here's Why You Should Add FirstEnergy Stock to Your Portfolio Now

FirstEnergy's (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FE#NYSE">FE</a>) short percent of float has risen 7.87% since its last report. The company recently reported that it has 12.11 million shares sold short, which is 2.74% of all regular shares that are available for trading. Based on its trading volume, it would take traders 5.09 days to cover their short positions on average.
<h3>Why Short Interest Matters</h3>
Short interest is the number of shares that have been sold short but have not yet been covered or closed out. <a href="https://www.benzinga.com/money/how-to-short-a-stock/">Short selling</a> is when a trader sells shares of a company they do not own, with the hope that the price will fall. Traders make money from short selling if the price of the stock falls and they lose if it rises.
Short interest is important to track because it can act as an indicator of market sentiment towards a particular stock. An increase in short interest can signal that investors have become more bearish, while a decrease in short interest can signal they have become more bullish.
See Also: <a href="https://www.benzinga.com/short-interest">List of the most shorted stocks</a>
<h3>FirstEnergy Short Interest Graph (3 Months)</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1727729112_0.png" alt="short_fig" />
As you can see from the chart above the percentage of shares that are sold short for FirstEnergy has grown since its last report. This does not mean that the stock is going to fall in the near-term but traders should be aware that more shares are being shorted.
<h3>Comparing FirstEnergy's Short Interest Against Its Peers</h3>
Peer comparison is a popular technique amongst analysts and investors for gauging how well a company is performing. A company's peer is another company that has similar characteristics to it, such as industry, size, age, and financial structure. You can find a company's peer group by reading its 10-K, proxy filing, or by doing your own similarity analysis.
According to <a href="https://pro.benzinga.com/">Benzinga Pro</a>, FirstEnergy's peer group average for short interest as a percentage of float is 2.08%, which means the company has more short interest than most of its peers.
Did you know that increasing short interest can actually be bullish for a stock? <a href="https://www.benzinga.com/money/how-to-make-money-on-a-short-squeeze/">This post by Benzinga Money explains how you can profit from it.</a>
This article was generated by Benzinga's automated content engine and was reviewed by an editor.

Short Sellers

Short Ideas

(FE) - Analyzing FirstEnergy's Short Interest

Keybanc analyst Sophie Karp maintains FirstEnergy (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FE#NYSE">FE</a>) with a Overweight and raises the price target from $46 to $47.

Price Target

Keybanc Maintains Overweight on FirstEnergy, Raises Price Target to $47

Morgan Stanley analyst David Arcaro maintains FirstEnergy (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FE#NYSE">FE</a>) with a Overweight and raises the price target from $48 to $51.

Morgan Stanley Maintains Overweight on FirstEnergy, Raises Price Target to $51

Argus Research analyst Jacob Kilstein upgrades FirstEnergy (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FE#NYSE">FE</a>) from Hold to Buy and announces $50 price target.

Upgrades

Argus Research Upgrades FirstEnergy to Buy, Announces $50 Price Target

FirstEnergy Pennsylvania Electric Company Reaches $225M Settlement In Base Rate Review, Expanding Bill Assistance For Low-Income Customers And Supporting Electric Grid Investments; Settlement Pending Approval From Pennsylvania Public Utility Commission

Keybanc analyst Sophie Karp maintains FirstEnergy (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FE#NYSE">FE</a>) with a Overweight and raises the price target from $45 to $46.

Keybanc Maintains Overweight on FirstEnergy, Raises Price Target to $46

The company&#39;s previously disclosed&nbsp;second quarter&nbsp;earnings materials indicated that it had taken a reserve of&nbsp;$100 million&nbsp;in the&nbsp;second quarter&nbsp;of 2024 in anticipation of the agreement with the SEC.

FirstEnergy Reaches Settlement Agreement With SEC To Resolve Its Previously Disclosed Investigation; To Pay Civil Penalty Of $100M

FirstEnergy's (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FE#NYSE">FE</a>) short percent of float has fallen 4.18% since its last report. The company recently reported that it has 11.14 million shares sold short, which is 2.52% of all regular shares that are available for trading. Based on its trading volume, it would take traders 3.43 days to cover their short positions on average.
<h3>Why Short Interest Matters</h3>
Short interest is the number of shares that have been sold short but have not yet been covered or closed out. <a href="https://www.benzinga.com/money/how-to-short-a-stock/">Short selling</a> is when a trader sells shares of a company they do not own, with the hope that the price will fall. Traders make money from short selling if the price of the stock falls and they lose if it rises.
Short interest is important to track because it can act as an indicator of market sentiment towards a particular stock. An increase in short interest can signal that investors have become more bearish, while a decrease in short interest can signal they have become more bullish.
See Also: <a href="https://www.benzinga.com/short-interest">List of the most shorted stocks</a>
<h3>FirstEnergy Short Interest Graph (3 Months)</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1725904812_0.png" alt="short_fig" />
As you can see from the chart above the percentage of shares that are sold short for FirstEnergy has declined since its last report. This does not mean that the stock is going to rise in the near-term but traders should be aware that less shares are being shorted.
<h3>Comparing FirstEnergy's Short Interest Against Its Peers</h3>
Peer comparison is a popular technique amongst analysts and investors for gauging how well a company is performing. A company's peer is another company that has similar characteristics to it, such as industry, size, age, and financial structure. You can find a company's peer group by reading its 10-K, proxy filing, or by doing your own similarity analysis.
According to <a href="https://pro.benzinga.com/">Benzinga Pro</a>, FirstEnergy's peer group average for short interest as a percentage of float is 1.30%, which means the company has more short interest than most of its peers.
Did you know that increasing short interest can actually be bullish for a stock? <a href="https://www.benzinga.com/money/how-to-make-money-on-a-short-squeeze/">This post by Benzinga Money explains how you can profit from it.</a>
This article was generated by Benzinga's automated content engine and was reviewed by an editor.

Peering Into FirstEnergy's Recent Short Interest

B of A Securities analyst Julien Dumoulin-Smith maintains FirstEnergy (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FE#NYSE">FE</a>) with a Underperform and raises the price target from $42 to $43.

B of A Securities Maintains Underperform on FirstEnergy, Raises Price Target to $43

Morgan Stanley analyst Stephen Byrd maintains FirstEnergy (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FE#NYSE">FE</a>) with a Overweight and raises the price target from $45 to $48.

Morgan Stanley Maintains Overweight on FirstEnergy, Raises Price Target to $48

As of Aug 21, 2024, two stocks in the utilities sector could be flashing a real warning to investors who value momentum as a key criteria in their trading decisions.
The RSI is a momentum indicator, which compares a stock&#8217;s strength on days when prices go up to its strength on days when prices go down. When compared to a stock&#8217;s price action, it can give traders a better sense of how a stock may perform in the short term. An asset is typically considered overbought when the <a href="https://www.benzinga.com/topic/rsi">RSI is above 70</a>, according to <a href="https://pro.benzinga.com/">Benzinga Pro</a>. 
Here's the latest list of major overbought players in this sector.
<h3 class="wp-block-heading">Sunnova Energy International Inc (NYSE: &nbsp;NOVA)</h3>
<ul>
<li>On Aug. 21, Morgan Stanley analyst Andrew Percoco maintained Sunnova Energy Intl with an Equal-Weight and raised the price target from $11 to $13. The company's stock gained around 21% over the past five days and has a <a href="https://www.benzinga.com/quote/NOVA">52-week high of $16.36</a>.</li>
<li>RSI Value: 70.07&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</li>
<li>NOVA Price Action: Shares of Sunnova Energy gained 0.4% to close at $9.67 on Tuesday.</li>
</ul>
<h3 class="wp-block-heading">FirstEnergy Corp (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FE#NYSE">FE</a>)</h3>
<ul>
<li>On Aug. 20, Scotiabank analyst Andrew Weisel maintained FirstEnergy with a Sector Perform and raised the price target from $40 to $45. The company's stock gained around 9% over the past month and <a href="https://www.benzinga.com/quote/FE">has a 52-week high</a> of $43.65.</li>
<li>RSI Value: 74.15</li>
<li>FE Price Action: Shares of FirstEnergy gained 0.8% to close at $43.19 on Tuesday.</li>
</ul>
Read More: 
<ul>
<li><a href="https://www.benzinga.com/markets/24/08/40480372/wall-streets-most-accurate-analysts-weigh-in-on-3-real-estate-stocks-with-over-5-dividend-yields">Wall Street&#8217;s Most Accurate Analysts Weigh In On 3 Real Estate Stocks With Over 5% Dividend Yields</a></li>
</ul>

NOVA

Top 2 Utilities Stocks That May Implode In Q3

Scotiabank analyst Andrew Weisel maintains FirstEnergy (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FE#NYSE">FE</a>) with a Sector Perform and raises the price target from $40 to $45.

Scotiabank Maintains Sector Perform on FirstEnergy, Raises Price Target to $45

Keybanc analyst Sophie Karp maintains FirstEnergy (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FE#NYSE">FE</a>) with a Overweight and raises the price target from $43 to $45.

Keybanc Maintains Overweight on FirstEnergy, Raises Price Target to $45

JP Morgan analyst Jeremy Tonet maintains FirstEnergy (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FE#NYSE">FE</a>) with a Neutral and raises the price target from $43 to $45.

JP Morgan Maintains Neutral on FirstEnergy, Raises Price Target to $45

Wells Fargo analyst Neil Kalton maintains FirstEnergy (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FE#NYSE">FE</a>) with a Equal-Weight and raises the price target from $42 to $45.

Wells Fargo Maintains Equal-Weight on FirstEnergy, Raises Price Target to $45

FirstEnergy provided a third quarter earnings guidance range of $490 million to&nbsp;$547 million, or $0.85 to $0.95 per share. The company also affirmed its 2024 operating (non-GAAP) earnings guidance range of $2.61 to $2.81 per share, and its long-term, 6% to 8% targeted annual operating earnings growth rate, which is based off the previous year's operating earnings guidance midpoint and supported by the company's refreshed and extended $26 billion, five-year capital investment plan, Energize365.

Guidance

FirstEnergy Sees Q3 EPS $0.85-$0.95 Vs $0.89 Est.; FY24 EPS $2.61-$2.81 Vs $2.69 Est.

FirstEnergy (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/fe#NYSE">FE</a>) reported quarterly earnings of $0.56 per share which met the analyst consensus estimate. This is a 19.15 percent increase over earnings of $0.47 per share from the same period last year. The company reported quarterly sales of $3.28 billion which missed the analyst consensus estimate of $3.38 billion by 2.96 percent. This is a 9.12 percent increase over sales of $3.01 billion the same period last year.

FirstEnergy Q2 Adj $0.56, Inline, Sales $3.28B Miss $3.38B Estimate

Deploys final $1.2 billion in proceeds to further strengthen balance sheet,&nbsp;supporting sustainable, long-term growth through industry-leading&nbsp;Energize365 grid investment program &nbsp;
AKRON, Ohio, July 17, 2024 /PRNewswire/ -- FirstEnergy Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FE#NYSE">FE</a>) announced today that it received the remaining $1.2 billion in proceeds from the $3.5 billion sale of a 30% ownership interest in its FirstEnergy Transmission, LLC (FET) subsidiary to Brookfield Super-Core Infrastructure Partners (Brookfield). FirstEnergy received the initial proceeds of $2.3 billion from Brookfield when the transaction closed in March. The remaining $1.2 billion in interest-bearing notes were extinguished with Brookfield's final payment on July 17.
FirstEnergy is deploying these proceeds in a credit-accretive manner, consistent with the company's plan to further transform its balance sheet and support its five-year, $26 billion Energize365 grid investment program.
Since late 2021, FirstEnergy has completed approximately $7 billion in strategic equity financings at an equivalent share price of $87 per share, or 36x trailing price-to-earnings valuation. Following the closing of this transaction in March, FirstEnergy's corporate credit rating was upgraded by Moody's and S&amp;P, restoring it to investment grade at all three ratings agencies. The credit ratings at the company's subsidiaries were also upgraded.&nbsp;

Contracts

Asset Sales

FirstEnergy Received The Remaining $1.2B In Proceeds From The $3.5B Sale Of A 30% Ownership Interest In Its FirstEnergy Transmission, LLC

PG&amp;E Corporation (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/pcg#NYSE">PCG</a>) is poised to benefit from positive developments like steady infrastructural investments, the addition of clean energy projects and initiatives to build California&#39;s electric vehicle charging infrastructure.
Let&#39;s focus on the factors that make this Zacks Rank #2 (Buy) stock a good investment option at the moment.
<h3>Rising Estimates</h3>
The Zacks Consensus Estimate for PCG&#39;s 2024 and 2025 earnings per share implies growth of 9.8% and 8.4%, respectively, from the year-ago levels.
The Zacks Consensus Estimate for PCG&#39;s 2024 and 2025 sales indicates a rise of 4.9% and 4.1%, respectively, from the prior-year figures.
<h3>Better-Than-Industry Returns&nbsp;</h3>
PCG&#39;s return on invested capital has outperformed the industry&#39;s average in the trailing 12 months. ROIC of PCG was 5.05% compared with the industry average of 3.41%. The company has been investing effectively in profitable projects, which is evident from its ROIC.
PCG&#39;s trailing 12-month return on equity is 11.32%, ahead of the industry&#39;s average of 9.72%. Return on equity, a profitability measure, reflects how effectively a company utilizes its shareholders&#39; funds to generate income.
<h3>Capital Expenditure</h3>
PG&amp;E continues to make considerable investments in gas-related projects and electric system safety and reliability to further strengthen its grid and thereby boost customer satisfaction. To this end, the company invested $9.8 billion in 2023. Looking ahead, management aims to make investments worth $10.4 billion in 2024. For 2024-2028, the company expects to invest $62 billion.
<h3>Solvency Ratio</h3>
The times interest earned ratio at the end of first-quarter 2024 is 1.42, which indicates financial strength of the company and its ability to meet short-term obligations or dues within the next 12 months.
<h3>Price Movement</h3>
In the past three months, PCG&#39;s shares have risen 6.3% compared with the&nbsp;industry&#39;s growth of 3.6%.
<img alt="Zacks Investment Research" src="https://staticx-tuner.zacks.com/images/articles/charts/b7/71087.jpg?v=919184366" />
Image Source: Zacks Investment Research
<h3>Other Key Picks</h3>
Some other top-ranked stocks from the same industry are CenterPoint Energy (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/cnp#NYSE">CNP</a>), FirstEnergy (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/fe#NYSE">FE</a>) and Consolidated Edison (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/ed#NYSE">ED</a>), each carrying a Zacks Rank #2 at present.
The Zacks Consensus Estimate for CenterPoint Energy, FirstEnergy and Consolidated Edison&#39;s 2024 earnings reflects year-over-year growth of 8%, 5.1% and 3.1%, respectively.
The long-term (three-to-five years) earnings growth rate of CenterPoint Energy, FirstEnergy, and Consolidated Edison is 7%, 5.9% and 7.4%, respectively.
<a href="https://www.zacks.com/stock/news/2300081/reasons-to-add-pg-e-pcg-stock-to-your-portfolio-now?cid=CS-BENZ-FT-analyst_blog|rank_focused-2300081">To read this article on Zacks.com click here.</a>

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In a report released today, David Arcaro from Morgan Stanley maintained a Buy rating on FirstEnergy (FE – Research Report), with a price target of ...

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