FirstEnergy Corp. (NYSE:FE) Receives Average Rating of “Buy” from Brokerages

Shares of FirstEnergy Corp. (NYSE:FEGet Rating) have received a consensus recommendation of “Buy” from the ten ratings firms that are covering the stock, Marketbeat.com reports. Five equities research analysts have rated the stock with a hold recommendation and five have given a buy recommendation to the company. The average 1-year price target among brokers that have issued a report on the stock in the last year is $46.78.

A number of equities analysts have commented on FE shares. Wells Fargo & Company lifted their price objective on shares of FirstEnergy from $43.00 to $49.00 and gave the stock an “equal weight” rating in a research note on Monday, April 25th. Morgan Stanley lifted their price objective on shares of FirstEnergy from $50.00 to $53.00 and gave the stock an “overweight” rating in a research note on Wednesday, April 20th. StockNews.com began coverage on shares of FirstEnergy in a report on Thursday, March 31st. They issued a “hold” rating for the company. Bank of America raised their target price on shares of FirstEnergy from $42.00 to $45.00 and gave the stock a “buy” rating in a report on Tuesday, January 18th. Finally, Evercore ISI upgraded shares of FirstEnergy from an “in-line” rating to an “outperform” rating and raised their target price for the stock from $40.00 to $46.00 in a report on Friday, January 7th.

Institutional investors and hedge funds have recently made changes to their positions in the stock. Dixon Hughes Goodman Wealth Advisors LLC lifted its holdings in FirstEnergy by 419.8% during the 1st quarter. Dixon Hughes Goodman Wealth Advisors LLC now owns 551 shares of the utilities provider’s stock valued at $25,000 after buying an additional 445 shares in the last quarter. Pinnacle Bancorp Inc. lifted its holdings in FirstEnergy by 126.3% during the 1st quarter. Pinnacle Bancorp Inc. now owns 611 shares of the utilities provider’s stock valued at $28,000 after buying an additional 341 shares in the last quarter. Comprehensive Financial Consultants Institutional Inc. bought a new stake in FirstEnergy during the 4th quarter valued at about $27,000. Riverview Trust Co bought a new stake in FirstEnergy during the 1st quarter valued at about $32,000. Finally, Jacobi Capital Management LLC lifted its holdings in FirstEnergy by 192.5% during the 3rd quarter. Jacobi Capital Management LLC now owns 816 shares of the utilities provider’s stock valued at $29,000 after buying an additional 537 shares in the last quarter. Institutional investors own 87.78% of the company’s stock.

Shares of NYSE:FE opened at $42.94 on Tuesday. FirstEnergy has a 52 week low of $35.42 and a 52 week high of $48.85. The stock has a market capitalization of $24.52 billion, a P/E ratio of 19.17, a PEG ratio of 2.82 and a beta of 0.37. The firm has a fifty day simple moving average of $44.76 and a two-hundred day simple moving average of $41.69. The company has a quick ratio of 0.45, a current ratio of 0.52 and a debt-to-equity ratio of 2.48.

FirstEnergy (NYSE:FEGet Rating) last issued its quarterly earnings data on Thursday, April 21st. The utilities provider reported $0.60 EPS for the quarter, missing analysts’ consensus estimates of $0.62 by ($0.02). FirstEnergy had a return on equity of 17.17% and a net margin of 10.85%. The business had revenue of $3 billion during the quarter, compared to analysts’ expectations of $2.85 billion. During the same period in the previous year, the business earned $0.69 earnings per share. The business’s quarterly revenue was up 10.1% on a year-over-year basis. On average, analysts expect that FirstEnergy will post 2.42 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 1st. Investors of record on Friday, May 6th will be issued a dividend of $0.39 per share. The ex-dividend date of this dividend is Thursday, May 5th. This represents a $1.56 dividend on an annualized basis and a yield of 3.63%. FirstEnergy’s payout ratio is 69.64%.

FirstEnergy Company Profile (Get Rating)

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, natural gas, wind, and solar power generating facilities.

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