FirstEnergy Corp. (NYSE:FE) Given Consensus Rating of “Hold” by Brokerages

FirstEnergy Corp. (NYSE:FE) has been assigned an average rating of “Hold” from the ten analysts that are covering the stock, Marketbeat Ratings reports. One analyst has rated the stock with a sell rating, five have issued a hold rating and four have assigned a buy rating to the company. The average 12-month price target among brokerages that have issued ratings on the stock in the last year is $44.55.

A number of research analysts have commented on the company. Morgan Stanley increased their target price on FirstEnergy from $48.00 to $51.00 and gave the stock an “overweight” rating in a report on Wednesday, September 25th. JPMorgan Chase & Co. increased their target price on FirstEnergy from $43.00 to $45.00 and gave the stock a “neutral” rating in a report on Wednesday, August 7th. KeyCorp raised their price target on FirstEnergy from $46.00 to $47.00 and gave the stock an “overweight” rating in a report on Monday, September 30th. Bank of America raised their price target on FirstEnergy from $42.00 to $43.00 and gave the stock an “underperform” rating in a report on Thursday, August 29th. Finally, Wells Fargo & Company raised their price target on FirstEnergy from $42.00 to $45.00 and gave the stock an “equal weight” rating in a report on Thursday, August 1st.

Hedge Funds Weigh In On FirstEnergy

A number of institutional investors and hedge funds have recently bought and sold shares of FE. FinTrust Capital Advisors LLC boosted its stake in FirstEnergy by 1,150.9% during the 1st quarter. FinTrust Capital Advisors LLC now owns 663 shares of the utilities provider’s stock valued at $26,000 after purchasing an additional 610 shares in the last quarter. ST Germain D J Co. Inc. boosted its stake in FirstEnergy by 1,138.9% during the second quarter. ST Germain D J Co. Inc. now owns 669 shares of the utilities provider’s stock valued at $26,000 after buying an additional 615 shares in the last quarter. Strategic Investment Solutions Inc. IL acquired a new position in FirstEnergy during the second quarter worth about $32,000. Scarborough Advisors LLC bought a new stake in FirstEnergy in the fourth quarter worth about $31,000. Finally, Sachetta LLC lifted its holdings in FirstEnergy by 36.0% in the 2nd quarter. Sachetta LLC now owns 929 shares of the utilities provider’s stock valued at $39,000 after acquiring an additional 246 shares during the last quarter. Institutional investors own 89.41% of the company’s stock.

FirstEnergy Trading Up 0.1 %

NYSE:FE opened at $43.46 on Tuesday. The company has a quick ratio of 0.43, a current ratio of 0.51 and a debt-to-equity ratio of 1.52. The business’s 50 day moving average is $43.32 and its two-hundred day moving average is $40.41. FirstEnergy has a 52 week low of $32.97 and a 52 week high of $44.97. The company has a market cap of $25.01 billion, a PE ratio of 24.98, a P/E/G ratio of 2.32 and a beta of 0.50.

FirstEnergy (NYSE:FE) last released its earnings results on Tuesday, July 30th. The utilities provider reported $0.56 EPS for the quarter, hitting analysts’ consensus estimates of $0.56. FirstEnergy had a return on equity of 12.12% and a net margin of 6.61%. The company had revenue of $3.28 billion for the quarter, compared to the consensus estimate of $3.47 billion. During the same quarter last year, the business posted $0.47 EPS. On average, analysts predict that FirstEnergy will post 2.7 EPS for the current year.

FirstEnergy Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Sunday, December 1st. Stockholders of record on Thursday, November 7th will be paid a $0.425 dividend. The ex-dividend date is Thursday, November 7th. This represents a $1.70 annualized dividend and a dividend yield of 3.91%. FirstEnergy’s payout ratio is 97.70%.

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.