An issue of FirstEnergy Corp. (NYSE:FE) bonds rose 1% as a percentage of their face value during trading on Wednesday. The high-yield issue of debt has a 6.05% coupon and is set to mature on August 15, 2021. The debt is now trading at $37.00 and was trading at $37.00 one week ago. Price moves in a company’s bonds in credit markets often anticipate parallel moves in its share price.

A number of analysts have recently issued reports on FE shares. Evercore ISI upgraded FirstEnergy Corp. from a “hold” rating to a “buy” rating in a report on Tuesday, October 18th. 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 report on Monday, August 8th. Deutsche Bank AG upgraded FirstEnergy Corp. from a “hold” rating to a “buy” rating and decreased their target price for the stock from $38.00 to $37.00 in a report on Tuesday, October 25th. Vetr cut FirstEnergy Corp. from a “strong-buy” rating to a “buy” rating and set a $35.82 target price for the company. in a report on Tuesday, November 15th. Finally, Jefferies Group set a $36.00 target price on FirstEnergy Corp. and gave the stock a “hold” rating in a report on Wednesday, October 12th. Three equities research analysts have rated the stock with a sell rating, six have assigned a hold rating and ten have assigned a buy rating to the stock. The stock has a consensus rating of “Hold” and an average target price of $36.19.

Shares of FirstEnergy Corp. (NYSE:FE) opened at 31.49 on Friday. FirstEnergy Corp. has a 52-week low of $30.29 and a 52-week high of $36.60. The firm’s market capitalization is $13.41 billion. The company’s 50 day moving average price is $32.59 and its 200 day moving average price is $33.42.

FirstEnergy Corp. (NYSE:FE) last issued its quarterly earnings data on Friday, November 4th. The company reported $0.90 earnings per share for the quarter, beating the Zacks’ 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 period in the prior year, the business posted $0.98 EPS. Analysts forecast that FirstEnergy Corp. will post $2.64 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, December 1st. Investors of record on Monday, November 7th will be paid a $0.36 dividend. This represents a $1.44 dividend on an annualized basis and a dividend yield of 4.57%. The ex-dividend date is Thursday, November 3rd. FirstEnergy Corp.’s payout ratio is -100.70%.

Several hedge funds and other institutional investors have recently modified their holdings of the stock. Security National Trust Co. increased its position in shares of FirstEnergy Corp. by 914.0% in the third quarter. Security National Trust Co. now owns 3,042 shares of the company’s stock worth $101,000 after buying an additional 2,742 shares during the last quarter. Signature Estate & Investment Advisors LLC bought a new position in shares of FirstEnergy Corp. during the second quarter worth $126,000. FUKOKU MUTUAL LIFE INSURANCE Co increased its position in shares of FirstEnergy Corp. by 19.4% in the second quarter. FUKOKU MUTUAL LIFE INSURANCE Co now owns 3,700 shares of the company’s stock worth $129,000 after buying an additional 600 shares during the last quarter. Assetmark Inc. increased its position in shares of FirstEnergy Corp. by 1,112.0% in the second quarter. Assetmark Inc. now owns 4,048 shares of the company’s stock worth $141,000 after buying an additional 3,714 shares during the last quarter. Finally, Checchi Capital Advisers LLC increased its position in shares of FirstEnergy Corp. by 6.6% in the second quarter. Checchi Capital Advisers LLC now owns 4,569 shares of the company’s stock worth $160,000 after buying an additional 281 shares during the last quarter. 74.53% of the stock is currently owned by institutional investors and hedge funds.

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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.

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