FirstEnergy Corp. (NYSE:FE) was upgraded by equities research analysts at Barclays PLC to an “overweight” rating in a report released on Thursday.

A number of other research analysts have also weighed in on the company. Jefferies Group reaffirmed a “hold” rating and set a $36.00 price objective on shares of FirstEnergy Corp. in a report on Tuesday, August 16th. Bank of America Corp. upgraded FirstEnergy Corp. from a “neutral” rating to a “buy” rating and decreased their target price for the stock from $41.00 to $40.00 in a research report on Monday, August 8th. Morgan Stanley upgraded FirstEnergy Corp. from an “equal weight” rating to an “overweight” rating and boosted their target price for the stock from $38.00 to $41.00 in a research report on Monday, August 8th. They noted that the move was a valuation call. Goldman Sachs Group Inc. downgraded FirstEnergy Corp. from a “neutral” rating to a “sell” rating and decreased their target price for the stock from $36.00 to $31.00 in a research report on Tuesday, July 26th. Finally, Citigroup Inc. boosted their target price on FirstEnergy Corp. from $28.00 to $31.00 and gave the stock a “sell” rating in a research report on Wednesday, July 20th. Three investment analysts have rated the stock with a sell rating, six have assigned a hold rating and seven have assigned a buy rating to the company’s stock. The company has an average rating of “Hold” and an average target price of $35.82.

Analyst Recommendations for FirstEnergy Corp. (NYSE:FE)

Shares of FirstEnergy Corp. (NYSE:FE) opened at 31.36 on Thursday. The firm’s market capitalization is $13.33 billion. The company’s 50 day moving average price is $32.85 and its 200-day moving average price is $33.85. FirstEnergy Corp. has a 12 month low of $28.89 and a 12 month high of $36.60.

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

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

Large investors have recently made changes to their positions in the company. Nisa Investment Advisors LLC raised its stake in shares of FirstEnergy Corp. by 52.6% in the third quarter. Nisa Investment Advisors LLC now owns 61,516 shares of the company’s stock valued at $2,035,000 after buying an additional 21,200 shares in the last quarter. Capstone Asset Management Co. raised its stake in shares of FirstEnergy Corp. by 1.4% in the third quarter. Capstone Asset Management Co. now owns 50,327 shares of the company’s stock valued at $1,665,000 after buying an additional 706 shares in the last quarter. Oregon Public Employees Retirement Fund raised its stake in shares of FirstEnergy Corp. by 30.8% in the third quarter. Oregon Public Employees Retirement Fund now owns 153,935 shares of the company’s stock valued at $5,092,000 after buying an additional 36,289 shares in the last quarter. Pure Financial Advisors Inc. raised its stake in shares of FirstEnergy Corp. by 1.1% in the third quarter. Pure Financial Advisors Inc. now owns 13,442 shares of the company’s stock valued at $445,000 after buying an additional 146 shares in the last quarter. Finally, Chevy Chase Trust Holdings Inc. raised its stake in shares of FirstEnergy Corp. by 3.8% in the third quarter. Chevy Chase Trust Holdings Inc. now owns 491,537 shares of the company’s stock valued at $16,260,000 after buying an additional 18,115 shares in the last quarter. Institutional investors own 75.93% of the company’s stock.

About FirstEnergy Corp.

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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