FirstEnergy (NYSE:FE) PT Raised to $46.00 at KeyCorp

FirstEnergy (NYSE:FE) had its target price lifted by research analysts at KeyCorp from $45.00 to $46.00 in a report released on Monday, Benzinga reports. The firm presently has an “overweight” rating on the utilities provider’s stock. KeyCorp’s price target would indicate a potential upside of 5.29% from the company’s current price.

A number of other research analysts have also issued reports on FE. Wells Fargo & Company boosted their price target on FirstEnergy from $42.00 to $45.00 and gave the stock an “equal weight” rating in a research report on Thursday, August 1st. Barclays increased their target price on shares of FirstEnergy from $39.00 to $40.00 and gave the company an “equal weight” rating in a research report on Tuesday, July 9th. Scotiabank boosted their price target on shares of FirstEnergy from $40.00 to $45.00 and gave the stock a “sector perform” rating in a research report on Tuesday, August 20th. JPMorgan Chase & Co. upped their price target on shares of FirstEnergy from $43.00 to $45.00 and gave the stock a “neutral” rating in a research note on Wednesday, August 7th. Finally, Mizuho raised their price objective 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. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and three have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $43.60.

FirstEnergy Stock Down 1.5 %

Shares of NYSE:FE opened at $43.69 on Monday. The company’s fifty day moving average is $42.25 and its two-hundred day moving average is $39.88. The company has a debt-to-equity ratio of 1.52, a quick ratio of 0.43 and a current ratio of 0.51. FirstEnergy has a 1-year low of $32.18 and a 1-year high of $44.97. The stock has a market capitalization of $25.14 billion, a price-to-earnings ratio of 25.11, a price-to-earnings-growth ratio of 2.32 and a beta of 0.50.

FirstEnergy (NYSE:FE) last posted its earnings results on Tuesday, July 30th. The utilities provider reported $0.56 EPS for the quarter, meeting the consensus estimate of $0.56. The company had revenue of $3.28 billion during the quarter, compared to analyst estimates of $3.47 billion. FirstEnergy had a return on equity of 12.12% and a net margin of 6.61%. During the same period in the prior year, the company earned $0.47 earnings per share. Equities analysts anticipate that FirstEnergy will post 2.7 EPS for the current year.

Hedge Funds Weigh In On FirstEnergy

Several hedge funds have recently bought and sold shares of the business. Principal Securities Inc. bought a new stake in FirstEnergy during the fourth quarter worth approximately $101,000. Vanguard Personalized Indexing Management LLC lifted its stake in shares of FirstEnergy by 9.3% in the fourth quarter. Vanguard Personalized Indexing Management LLC now owns 27,567 shares of the utilities provider’s stock worth $1,011,000 after buying an additional 2,352 shares during the last quarter. Janney Montgomery Scott LLC boosted its holdings in shares of FirstEnergy by 3.4% during the 4th quarter. Janney Montgomery Scott LLC now owns 100,318 shares of the utilities provider’s stock worth $3,678,000 after buying an additional 3,323 shares during the period. Quadrant Capital Group LLC grew its stake in FirstEnergy by 74.6% in the 4th quarter. Quadrant Capital Group LLC now owns 2,973 shares of the utilities provider’s stock valued at $109,000 after buying an additional 1,270 shares during the last quarter. Finally, Beacon Pointe Advisors LLC raised its holdings in FirstEnergy by 1.0% in the 4th quarter. Beacon Pointe Advisors LLC now owns 37,050 shares of the utilities provider’s stock worth $1,358,000 after acquiring an additional 376 shares during the period. 89.41% of the stock is owned by institutional investors and hedge funds.

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.