Wall Street analysts expect FirstEnergy Corp. (NYSE:FE) to announce earnings per share (EPS) of $0.69 for the current fiscal quarter, Zacks Investment Research reports. Two analysts have issued estimates for FirstEnergy’s earnings. The lowest EPS estimate is $0.66 and the highest is $0.73. FirstEnergy posted earnings of $0.38 per share during the same quarter last year, which suggests a positive year-over-year growth rate of 81.6%. The firm is expected to issue its next quarterly earnings results 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 financial year, with EPS estimates ranging from $3.03 to $3.09. For the next financial year, analysts anticipate 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 earnings per share calculations are a mean average based on a survey of analysts that follow FirstEnergy.

A number of brokerages have weighed in on FE. UBS Group began coverage on shares of FirstEnergy in a report on Friday, February 2nd. They issued a “buy” rating and a $39.00 price objective on the stock. Mizuho reiterated a “hold” rating and set a $32.00 price target on shares of FirstEnergy in a report on Tuesday, January 30th. Citigroup cut their price target on shares of FirstEnergy from $34.00 to $32.00 and set a “neutral” rating on the stock in a report on Tuesday, January 30th. Morgan Stanley set a $35.00 price target on shares of FirstEnergy and gave the company a “buy” rating in a report on Tuesday. Finally, Zacks Investment Research upgraded shares of FirstEnergy from a “sell” rating to a “hold” rating in a report on Tuesday, January 23rd. Nine analysts have rated the stock with a hold rating and ten have issued a buy rating to the company’s stock. The company presently has an average rating of “Buy” and a consensus price target of $35.33.

A number of hedge funds have recently modified their holdings of the stock. MANA Advisors LLC purchased a new stake in FirstEnergy in the fourth quarter worth approximately $803,000. Renaissance Technologies LLC boosted its holdings in FirstEnergy by 46.3% in the fourth quarter. Renaissance Technologies LLC now owns 9,391,408 shares of the utilities provider’s stock worth $287,565,000 after purchasing an additional 2,972,400 shares during the last quarter. MML Investors Services LLC boosted its holdings in FirstEnergy by 18.7% in the fourth quarter. MML Investors Services LLC now owns 23,669 shares of the utilities provider’s stock worth $725,000 after purchasing an additional 3,734 shares during the last quarter. Amundi Pioneer Asset Management Inc. purchased a new stake in FirstEnergy in the fourth quarter worth approximately $11,881,000. Finally, Sun Life Financial INC boosted its holdings in FirstEnergy by 193.2% in the fourth quarter. Sun Life Financial INC now owns 57,541 shares of the utilities provider’s stock worth $1,762,000 after purchasing an additional 37,915 shares during the last quarter. Institutional investors own 83.24% of the company’s stock.

Shares of FirstEnergy (FE) traded down $0.21 on Friday, reaching $31.89. 802,507 shares of the company’s stock were exchanged, compared to its average volume of 9,118,418. The stock has a market capitalization of $14,013.03, a PE ratio of -2.74, a PEG ratio of 12.28 and a beta of 0.35. The company has a current ratio of 0.69, a quick ratio of 0.56 and a debt-to-equity ratio of 3.29. FirstEnergy has a twelve month low of $27.93 and a twelve month high of $35.22.

The business also recently announced a quarterly dividend, which will be paid on Thursday, March 1st. Investors of record on Wednesday, February 7th will be issued a $0.36 dividend. This represents a $1.44 annualized dividend and a yield of 4.52%. The ex-dividend date is Tuesday, February 6th. FirstEnergy’s dividend payout ratio is currently -12.31%.

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About FirstEnergy

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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