Jefferies Group set a $36.00 price objective on FirstEnergy Corp. (NYSE:FE) in a research note published on Wednesday morning. The brokerage currently has a a hold rating on the stock.

FE has been the subject of a number of other reports. RBC Capital Markets reaffirmed a hold rating and issued a $36.00 price target on shares of FirstEnergy Corp. in a research note on Thursday. Royal Bank Of Canada reduced their price target on shares of FirstEnergy Corp. from $38.00 to $36.00 and set a sector perform rating for the company in a research note on Thursday. Barclays PLC raised shares of FirstEnergy Corp. from an equal weight rating to an overweight rating and set a $37.00 price target for the company in a research note on Thursday. Goldman Sachs Group Inc. lowered shares of FirstEnergy Corp. from a neutral rating to a sell rating and reduced their price target for the stock from $36.00 to $31.00 in a research note on Tuesday, July 26th. Finally, Bank of America Corp. raised shares of FirstEnergy Corp. from a neutral rating to a buy rating and reduced their price target for the stock from $41.00 to $40.00 in a research note on Monday, August 8th. Three investment analysts have rated the stock with a sell rating, seven have assigned a hold rating and seven have issued a buy rating to the stock. FirstEnergy Corp. presently has an average rating of Hold and an average target price of $36.10.

Analyst Recommendations for FirstEnergy Corp. (NYSE:FE)

Shares of FirstEnergy Corp. (NYSE:FE) traded up 0.92% on Wednesday, hitting $31.65. 2,966,444 shares of the stock were exchanged. The company’s market cap is $13.46 billion. The firm’s 50-day moving average is $32.85 and its 200-day moving average is $33.85. FirstEnergy Corp. has a one year low of $28.89 and a one year high of $36.60.

FirstEnergy Corp. (NYSE:FE) last posted its earnings results on Thursday, July 28th. The company reported $0.56 EPS for the quarter, topping the consensus estimate of $0.54 by $0.02. FirstEnergy Corp. had a negative net margin of 3.96% and a positive return on equity of 10.05%. During the same period in the previous year, the business posted $0.53 earnings per share. On average, equities analysts forecast that FirstEnergy Corp. will post $2.54 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, December 1st. Shareholders of record on Monday, November 7th will be given a $0.36 dividend. This represents a $1.44 annualized dividend and a yield of 4.59%. The ex-dividend date of this dividend is Thursday, November 3rd. FirstEnergy Corp.’s payout ratio is presently -103.60%.

A number of large investors have recently bought and sold shares of FE. Synovus Financial Corp boosted its stake in shares of FirstEnergy Corp. by 0.6% in the second quarter. Synovus Financial Corp now owns 7,914 shares of the company’s stock valued at $277,000 after buying an additional 50 shares in the last quarter. Moors & Cabot Inc. boosted its stake in shares of FirstEnergy Corp. by 0.5% in the second quarter. Moors & Cabot Inc. now owns 12,753 shares of the company’s stock valued at $442,000 after buying an additional 62 shares in the last quarter. Charter Trust Co. boosted its stake in shares of FirstEnergy Corp. by 0.6% in the second quarter. Charter Trust Co. now owns 17,689 shares of the company’s stock valued at $618,000 after buying an additional 100 shares in the last quarter. Pure Financial Advisors Inc. boosted its stake in shares of FirstEnergy Corp. by 1.1% in the second quarter. Pure Financial Advisors Inc. now owns 13,296 shares of the company’s stock valued at $464,000 after buying an additional 142 shares in the last quarter. Finally, Mn Services Vermogensbeheer B.V. boosted its stake in shares of FirstEnergy Corp. by 2.2% in the second quarter. Mn Services Vermogensbeheer B.V. now owns 10,703 shares of the company’s stock valued at $336,000 after buying an additional 235 shares in the last quarter. Hedge funds and other institutional investors own 75.93% of the company’s stock.

FirstEnergy Corp. Company Profile

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 approximately 10 utility operating companies. The Regulated Transmission segment transmits electricity through transmission facilities.

5 Day Chart for NYSE:FE

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