FirstEnergy (NYSE:FE – Get Rating) had its price target decreased by JPMorgan Chase & Co. from $43.00 to $41.00 in a report published on Friday, Benzinga reports. JPMorgan Chase & Co. currently has a neutral rating on the utilities provider’s stock.
A number of other equities research analysts have also issued reports on FE. Morgan Stanley decreased their target price on shares of FirstEnergy from $48.00 to $47.00 and set an overweight rating for the company in a research note on Wednesday, February 22nd. Mizuho dropped their price objective on shares of FirstEnergy from $43.00 to $42.00 and set a neutral rating on the stock in a report on Monday, February 6th. Wells Fargo & Company boosted their price objective on shares of FirstEnergy to $45.00 in a report on Wednesday, December 14th. Guggenheim upgraded shares of FirstEnergy from a neutral rating to a buy rating and boosted their price objective for the stock from $34.00 to $46.00 in a report on Monday, January 23rd. Finally, Bank of America downgraded shares of FirstEnergy from a neutral rating to an underperform rating and dropped their price objective for the stock from $41.00 to $38.00 in a report on Monday, January 23rd. One research analyst has rated the stock with a sell rating, five have given a hold rating and four have issued a buy rating to the company’s stock. According to data from MarketBeat, FirstEnergy currently has a consensus rating of Hold and an average price target of $43.89.
FirstEnergy Price Performance
NYSE FE opened at $38.80 on Friday. FirstEnergy has a 12 month low of $35.32 and a 12 month high of $48.85. The company has a debt-to-equity ratio of 1.99, a current ratio of 0.61 and a quick ratio of 0.50. The firm has a market capitalization of $22.20 billion, a PE ratio of 54.65, a P/E/G ratio of 2.33 and a beta of 0.43. The company’s 50 day simple moving average is $40.76 and its 200 day simple moving average is $39.91.
Institutional Inflows and Outflows
Institutional investors and hedge funds have recently made changes to their positions in the stock. Householder Group Estate & Retirement Specialist LLC acquired a new position in shares of FirstEnergy in the third quarter valued at approximately $27,000. CI Investments Inc. boosted its holdings in FirstEnergy by 940.0% during the third quarter. CI Investments Inc. now owns 728 shares of the utilities provider’s stock worth $27,000 after purchasing an additional 658 shares during the last quarter. U.S. Capital Wealth Advisors LLC acquired a new position in FirstEnergy during the fourth quarter worth $27,000. GW&K Investment Management LLC boosted its holdings in FirstEnergy by 159.2% during the fourth quarter. GW&K Investment Management LLC now owns 635 shares of the utilities provider’s stock worth $27,000 after purchasing an additional 390 shares during the last quarter. Finally, Clear Street Markets LLC boosted its holdings in FirstEnergy by 549.0% during the fourth quarter. Clear Street Markets LLC now owns 649 shares of the utilities provider’s stock worth $27,000 after purchasing an additional 549 shares during the last quarter. Institutional investors and hedge funds own 81.80% of the company’s stock.
FirstEnergy Corp. engages in the generation, transmission, and distribution of electricity as well as energy management and other energy-related services through its subsidiaries. It operates through the following business segments: Regulated Distribution, Regulated Transmission, and Corporate or Other.
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