FirstEnergy (NYSE:FE) PT Lowered to $41.00 at JPMorgan Chase & Co.

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.

FirstEnergy (NYSE:FE – Get Rating) last posted its quarterly earnings results on Monday, February 13th. The utilities provider reported $0.50 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.53 by ($0.03). FirstEnergy had a return on equity of 13.16% and a net margin of 3.26%. The business had revenue of $3.20 billion during the quarter, compared to analyst estimates of $2.45 billion. During the same quarter last year, the firm posted $0.51 EPS. The company’s quarterly revenue was up 18.5% compared to the same quarter last year. As a group, equities research analysts forecast that FirstEnergy will post 2.53 EPS for the current fiscal year.

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.

About FirstEnergy

(Get Rating)

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.