FirstEnergy Corp. (NYSE:FE) was downgraded by equities research analysts at Vetr from a “strong-buy” rating to a “buy” rating in a research note issued on Monday. They currently have a $35.82 price objective on the stock. Vetr‘s target price points to a potential upside of 11.45% from the stock’s previous close.

A number of other brokerages have also recently commented on FE. Morgan Stanley raised FirstEnergy Corp. from an “equal weight” rating to an “overweight” rating and lifted their price objective for the stock from $38.00 to $41.00 in a research note on Monday, August 8th. They noted that the move was a valuation call. Bank of America Corp. raised FirstEnergy Corp. from a “neutral” rating to a “buy” rating and decreased their price objective for the stock from $41.00 to $40.00 in a research note on Monday, August 8th. Jefferies Group reaffirmed a “hold” rating and set a $36.00 price objective on shares of FirstEnergy Corp. in a research note on Tuesday, August 16th. Barclays PLC set a $36.00 price objective on FirstEnergy Corp. and gave the stock a “hold” rating in a research note on Saturday, September 17th. Finally, RBC Capital Markets reaffirmed a “hold” rating and set a $36.00 price objective (down from $38.00) on shares of FirstEnergy Corp. in a research note on Thursday, October 13th. Three research analysts have rated the stock with a sell rating, six have issued a hold rating and ten have issued a buy rating to the company. The company has a consensus rating of “Hold” and an average target price of $36.19.

Analyst Recommendations for FirstEnergy Corp. (NYSE:FE)

Shares of FirstEnergy Corp. (NYSE:FE) opened at 32.14 on Monday. The stock’s market capitalization is $13.68 billion. FirstEnergy Corp. has a 1-year low of $30.29 and a 1-year high of $36.60. The stock’s 50 day moving average price is $32.64 and its 200-day moving average price is $33.41.

FirstEnergy Corp. (NYSE:FE) last released its earnings results on Friday, November 4th. The company reported $0.90 earnings per share for the quarter, topping analysts’ consensus estimates 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 in the prior year, the company earned $0.98 earnings per share. Equities research analysts anticipate that FirstEnergy Corp. will post $2.64 EPS for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, December 1st. Shareholders of record on Monday, November 7th will be paid a $0.36 dividend. The ex-dividend date of this dividend is Thursday, November 3rd. This represents a $1.44 annualized dividend and a yield of 4.48%. FirstEnergy Corp.’s dividend payout ratio is -100.70%.

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A number of hedge funds have recently added to or reduced their stakes in FE. Premier Asset Managment LLC acquired a new stake in FirstEnergy Corp. during the second quarter valued at about $511,000. Americafirst Capital Management LLC acquired a new stake in FirstEnergy Corp. during the second quarter valued at about $421,000. Eqis Capital Management Inc. raised its stake in FirstEnergy Corp. by 8.1% in the second quarter. Eqis Capital Management Inc. now owns 9,163 shares of the company’s stock valued at $320,000 after buying an additional 686 shares in the last quarter. Pure Financial Advisors Inc. raised its stake in 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, City Holding Co. raised its stake in FirstEnergy Corp. by 19.2% in the second quarter. City Holding Co. now owns 4,861 shares of the company’s stock valued at $170,000 after buying an additional 782 shares in the last quarter. Hedge funds and other institutional investors own 74.53% 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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