FirstEnergy Corporation (NYSE:FE) to Issue $0.45 Quarterly Dividend

FirstEnergy Corporation (NYSE:FE - Get Free Report) 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.Powering Profits: Utility Stocks That Shine in VolatilityFirstEnergy has raised its dividend payment by an average of 0.0%per year over the last three years and has increased its dividend annually for the last 3 consecutive years. FirstEnergy has a dividend payout ratio of 65.9% indicating that its dividend is sufficiently covered by earnings. 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 Trading Up 0.4%Shares of FirstEnergy stock traded up $0.17 on Thursday, reaching $44.67. 379,086 shares of the company's stock were exchanged, compared to its average volume of 4,733,637. 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 company has a market capitalization of $25.80 billion, a P/E ratio of 19.52, a price-to-earnings-growth ratio of 2.68 and a beta of 0.66. The firm's 50-day moving average is $46.15 and its two-hundred day moving average is $43.67. FirstEnergy has a 52 week low of $37.58 and a 52 week high of $48.20. Are defensive sectors ready to outshine growth in 2024?FirstEnergy (NYSE:FE - Get Free Report) last released its quarterly earnings data 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 net margin of 9.19% and a return on equity of 11.15%. The business's revenue was up 10.8% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.85 earnings per share. FirstEnergy has set its FY 2025 guidance at 2.500-2.560 EPS. Sell-side analysts predict that FirstEnergy will post 2.66 EPS for the current fiscal year. FirstEnergy Company Profile (Get Free Report)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.Further ReadingFive stocks we like better than FirstEnergyDividend Payout Ratio Calculator3 Cheap Dividend Stocks That Can Beat Inflation and Pay You to WaitTrading Halts Explained3 New Year’s Resolution Stocks That Could Turn Around in 2026Trading Stocks: RSI and Why it's UsefulCannabis Stocks Up for Reversal: Pipedreams or Opportunity?This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.Should You Invest $1,000 in FirstEnergy Right Now?Before you consider FirstEnergy, you'll want to hear this.MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and FirstEnergy wasn't on the list.While FirstEnergy currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.View The Five Stocks Here