FirstEnergy Corp. (NYSE:FE) Receives Average Rating of “Hold” from Analysts

FirstEnergy Corp. (NYSE:FE) has received an average rating of “Hold” from the ten ratings firms that are presently covering the firm, MarketBeat.com reports. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and four have issued a buy rating on the company. The average 12 month price objective among brokers that have covered the stock in the last year is $40.27.

A number of research firms recently weighed in on FE. Mizuho lifted their target price on shares of FirstEnergy from $38.00 to $41.00 and gave the company a “neutral” rating in a research note on Monday, June 3rd. The Goldman Sachs Group began coverage on shares of FirstEnergy in a research note on Wednesday, April 10th. They set a “buy” rating and a $45.00 target price on the stock. Scotiabank lowered their target price on shares of FirstEnergy from $41.00 to $40.00 and set a “sector perform” rating on the stock in a research note on Monday, April 22nd. Morgan Stanley lifted their target price on shares of FirstEnergy from $42.00 to $46.00 and gave the company an “overweight” rating in a research note on Tuesday, May 28th. Finally, StockNews.com upgraded shares of FirstEnergy from a “sell” rating to a “hold” rating in a research note on Monday, April 29th.

Hedge Funds Weigh In On FirstEnergy

Several hedge funds have recently added to or reduced their stakes in FE. FinTrust Capital Advisors LLC grew its stake in FirstEnergy by 1,150.9% in the 1st quarter. FinTrust Capital Advisors LLC now owns 663 shares of the utilities provider’s stock worth $26,000 after acquiring an additional 610 shares in the last quarter. Sachetta LLC bought a new position in FirstEnergy in the 4th quarter worth about $25,000. Sugarloaf Wealth Management LLC bought a new position in shares of FirstEnergy during the fourth quarter valued at approximately $29,000. Scarborough Advisors LLC bought a new position in shares of FirstEnergy during the fourth quarter valued at approximately $31,000. Finally, Western Pacific Wealth Management LP bought a new position in shares of FirstEnergy during the first quarter valued at approximately $36,000. 89.41% of the stock is currently owned by institutional investors.

FirstEnergy Trading Up 0.1 %

NYSE:FE opened at $38.27 on Friday. The company has a current ratio of 0.65, a quick ratio of 0.56 and a debt-to-equity ratio of 1.59. FirstEnergy has a 12 month low of $32.18 and a 12 month high of $40.65. The company has a market cap of $22.03 billion, a PE ratio of 21.99, a price-to-earnings-growth ratio of 2.42 and a beta of 0.50. The company has a 50 day simple moving average of $38.95 and a two-hundred day simple moving average of $37.94.

FirstEnergy (NYSE:FE) last issued its quarterly earnings data on Thursday, April 25th. The utilities provider reported $0.55 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.53 by $0.02. FirstEnergy had a net margin of 8.22% and a return on equity of 12.45%. The firm had revenue of $3.29 billion during the quarter, compared to the consensus estimate of $3.36 billion. Research analysts forecast that FirstEnergy will post 2.69 earnings per share for the current year.

FirstEnergy Company Profile

FirstEnergy Corp., through its subsidiaries, generates, transmits, and distributes electricity in the United States. It operates through Regulated Distribution and Regulated Transmission segments. The company owns and operates coal-fired, nuclear, hydroelectric, wind, and solar power generating facilities.