Economy

Where FirstEnergy Corp. (FE) Stands in Analysts Ranking

Where FirstEnergy Corp. (FE) Stands in Analysts Ranking”

FirstEnergy Corporation (NYSE:FE) last issued its quarterly earnings results on Thursday, July 27th. The firm now has a $36.00 target price on the utilities provider's stock. FirstEnergy Corporation comprises 0.2% of Bridgewater Associates LP's holdings, making the stock its 26th largest holding. Brookfield Asset Management Inc. now owns 1,829,980 shares of the utilities provider's stock worth $53,362,000 after purchasing an additional 1,776,860 shares in the last quarter. The value of the investment in FirstEnergy Corporation decreased from $20,897,000 to $19,092,000 decreasing 8.6% quarter to quarter. The shares were purchased at an average price of $32.53. Finally, Deutsche Bank AG reissued a hold rating and issued a $34.00 price objective (up previously from $31.00) on shares of FirstEnergy Corporation in a research note on Monday, July 31st. Sumitomo Mitsui Trust Holdings Inc. now owns 1,211,746 shares of the utilities provider's stock valued at $38,558,000 after purchasing an additional 8,487 shares during the period. Washington Trust Bank raised its stake in shares of FirstEnergy Corporation by 0.3% during the second quarter. Finally, Eqis Capital Management Inc. raised its stake in shares of FirstEnergy Corporation by 1.4% during the first quarter.

The company had seen its current volume reaching at 3.34 million shares in the last trade. If you are viewing this story on another site, it was stolen and republished in violation of global copyright and trademark law. (NYSE:FE) traded 0.93% higher on the day. These ratios are important while doing valuation of the company or the shares of the company. The total amount of shares outstanding is 444.00 million, giving the company a market capitalization of about 14.10 billion.

FirstEnergy Corp. (FE) closed 5.84% above its 200-day moving average and is 3.3% above another chart threshold, its 50-day moving average. The stock touched 52-week High of $34.96 on 09/22/16 and 52-week Low of $27.93 on 05/19/17. The utilities provider reported $0.61 EPS for the quarter, hitting the Thomson Reuters' consensus estimate of $0.61. FirstEnergy Corporation had a negative net margin of 35.59% and a positive return on equity of 15.41%. The firm's quarterly revenue was down 3.0% on a year-over-year basis. Analysts expect next quarter's EPS to be $0.53 and the next full year EPS is projected to be $2.54.

Additionally FirstEnergy Corporation recently declared a dividend that was paid on Friday September 1st, 2017. Shareholders of record on Monday, August 7th were issued a $0.36 dividend. This dividend represents a yeild of $4.47 which is the dividend as a percentage of the current share price. The ex-dividend date was set for Thursday the 3rd of August 2017. FirstEnergy Corporation's payout ratio is now -12.31%.

A number of other analysts also recently weighed in on the stock. FirstEnergy Corp.is given 1 buy-equivalent recommendations, 0 sells and 12 holds. Barclays PLC reiterated an "overweight" rating and issued a $37.00 target price (up from $36.00) on shares of FirstEnergy Corporation in a report on Monday, June 19th. (The) downgraded FirstEnergy Corporation from a "positive" rating to a "neutral" rating in a research note on Monday, June 26th. ValuEngine downgraded FirstEnergy Corporation from a "buy" rating to a "hold" rating in a report on Tuesday. Of those analysts, 4 rate stock as a Strong Buy, 9 rate it as Hold, and just no analyst rates it as a Moderate Sell. The company has a consensus rating of "Hold" and a consensus price target of $34.09. (FES) and its principal subsidiaries (FirstEnergy Generation, LLC (FG) and FirstEnergy Nuclear Generation, LLC (NG)), Allegheny Energy Supply Company, LLC (AE Supply), Monongahela Power Company (MP), The Potomac Edison Company (PE), West Penn Power Company (WP), FirstEnergy Transmission, LLC (FET) and its principal subsidiaries (American Transmission Systems, Incorporated (ATSI) and Trans-Allegheny Interstate Line Company (TrAIL)), and Allegheny Energy Service Corporation (AESC). The Company is engaged in holding, directly or indirectly, all of the outstanding equity of its principal subsidiaries. The Business's segments include Regulated Distribution, Regulated Transmission, Competitive Energy Services (CES) and Corporate/Other.



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