FirstEnergy Corp.(FE) Declares Dividend of $0.3600.

FirstEnergy Corp. (FE) had declared a cash dividend of $0.3600 on Jan 17, 2017. The shares will quote ex-dividend on Feb 3, 2017 and the record date has been fixed for Feb 7, 2017. Based on Feb 3, 2017 share price, the yield comes out to be 4.7%. The dividend payable date has been fixed on Mar 1, 2017.

In a different note, On Jan 17, 2017, Goldman Sachs said it Upgrades its rating on FirstEnergy Corp.. According to the research note, Goldman Sachs Raises the price target to $34 per share from a prior target of $29. The shares have been rated ‘Neutral’ by the firm. On Dec 20, 2016, Deutsche Bank said it Downgrades its rating on FirstEnergy Corp.. The shares have been rated ‘Hold’ by the firm.

FirstEnergy Corp. (FE) made into the market gainers list on Tuesdays trading session with the shares advancing 0.37% or 0.11 points. Due to strong positive momentum, the stock ended at $29.99, which is also near the day’s high of $30.04. The stock began the session at $29.92 and the volume stood at 27,73,886 shares. The 52-week high of the shares is $36.6 and the 52 week low is $29.33. The company has a current market capitalization of $12,782 M and it has 42,62,01,040 shares in outstanding.

FirstEnergy Corp.(FE) last announced its earnings results on Nov 4, 2016 for Fiscal Year 2016 and Q3.Company reported revenue of $3.90B. Analysts had an estimated revenue of $4.01B. Earnings per share were $0.90. The reported EPS was above estimates by $0.11 or 13.92%. Analysts had estimated an EPS of $0.79.

Several Insider Transactions has been reported to the SEC. On Dec 21, 2016, Donald R Schneider (President, FE Solutions) sold 6,525 shares at $31.36 per share price.Also, On Dec 21, 2016, Charles D Lasky (SVP, Human Resources) sold 5,149 shares at $31.36 per share price.On Mar 16, 2016, Steven E Strah (Sr VP & President FE Utilities) purchased 560 shares at $35.59 per share price, according to the Form-4 filing with the securities and exchange commission.

FirstEnergy Corp. is a holding company. The Company operates through three segments: Regulated Distribution Regulated Transmission and Competitive Energy Services (CES). The Regulated Distribution segment distributes electricity through its 10 utility operating companies serving customers within 65000 square miles of Ohio Pennsylvania West Virginia Maryland New Jersey and New York. The Regulated Transmission segment transmits electricity through transmission facilities. The CES segment supplies electricity to end-use customers through retail and wholesale arrangements including retail sales to customers in Ohio Pennsylvania Illinois Michigan New Jersey and Maryland. The Company’s principal subsidiaries include Ohio Edison Company The Cleveland Electric Illuminating Company The Toledo Edison Company Metropolitan Edison Company Pennsylvania Electric Company FirstEnergy Service Company FirstEnergy Solutions Corp. Allegheny Energy Supply Company LLC among others.

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