FirstEnergy Corp. (NYSE:FE) was downgraded by stock analysts at Vetr from a “strong-buy” rating to a “buy” rating in a report issued on Tuesday. They currently have a $35.82 target price on the stock. Vetr‘s target price indicates a potential upside of 12.39% from the company’s previous close.

FE has been the topic of several other research reports. Evercore ISI upgraded FirstEnergy Corp. from a “hold” rating to a “buy” rating in a report on Tuesday, October 18th. Jefferies Group set a $36.00 price objective on FirstEnergy Corp. and gave the company a “hold” rating in a report on Wednesday, October 12th. Deutsche Bank AG upgraded FirstEnergy Corp. from a “hold” rating to a “buy” rating and cut their price objective for the company from $38.00 to $37.00 in a report on Tuesday, October 25th. Tudor Pickering cut FirstEnergy Corp. from a “hold” rating to a “sell” rating in a report on Wednesday, October 19th. Finally, Citigroup Inc. lifted their price objective on FirstEnergy Corp. from $28.00 to $31.00 and gave the company a “sell” rating in a report on Wednesday, July 20th. Three research analysts have rated the stock with a sell rating, six have given a hold rating and ten have issued a buy rating to the stock. FirstEnergy Corp. has a consensus rating of “Hold” and an average target price of $36.19.

Analyst Recommendations for FirstEnergy Corp. (NYSE:FE)

FirstEnergy Corp. (NYSE:FE) opened at 31.87 on Tuesday. FirstEnergy Corp. has a 12-month low of $30.29 and a 12-month high of $36.60. The company has a 50-day moving average price of $32.73 and a 200-day moving average price of $33.48. The firm’s market cap is $13.57 billion.

FirstEnergy Corp. (NYSE:FE) last posted its earnings results on Friday, November 4th. The company reported $0.90 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.76 by $0.14. FirstEnergy Corp. had a positive return on equity of 10.06% and a negative net margin of 4.12%. During the same quarter last year, the company posted $0.98 earnings per share. On average, analysts predict that FirstEnergy Corp. will post $2.64 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Thursday, December 1st. Investors of record on Monday, November 7th will be issued a dividend of $0.36 per share. This represents a $1.44 dividend on an annualized basis and a dividend yield of 4.52%. The ex-dividend date of this dividend is Thursday, November 3rd. FirstEnergy Corp.’s payout ratio is presently -100.70%.

Hedge funds and other institutional investors have recently bought and sold shares of the company. Chevy Chase Trust Holdings Inc. raised its position in shares of FirstEnergy Corp. by 4.0% in the second quarter. Chevy Chase Trust Holdings Inc. now owns 473,422 shares of the company’s stock worth $16,528,000 after buying an additional 18,333 shares in the last quarter. Exxonmobil Investment Management Inc. TX raised its position in shares of FirstEnergy Corp. by 6.6% in the second quarter. Exxonmobil Investment Management Inc. TX now owns 109,937 shares of the company’s stock worth $3,838,000 after buying an additional 6,788 shares in the last quarter. Boothbay Fund Management LLC raised its position in shares of FirstEnergy Corp. by 16.7% in the first quarter. Boothbay Fund Management LLC now owns 7,765 shares of the company’s stock worth $279,000 after buying an additional 1,112 shares in the last quarter. BlueMountain Capital Management LLC raised its position in shares of FirstEnergy Corp. by 246.4% in the first quarter. BlueMountain Capital Management LLC now owns 42,157 shares of the company’s stock worth $1,516,000 after buying an additional 29,986 shares in the last quarter. Finally, First Republic Investment Management Inc. raised its position in shares of FirstEnergy Corp. by 8.5% in the first quarter. First Republic Investment Management Inc. now owns 17,635 shares of the company’s stock worth $634,000 after buying an additional 1,381 shares in the last quarter. 74.29% of the stock is currently owned by institutional investors and hedge funds.

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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