FirstEnergy Corp. (NYSE:FE) was down 1.5% on Thursday . The company traded as low as $35.87 and last traded at $35.91, with a volume of 1,490,235 shares trading hands. The stock had previously closed at $36.44.

Several brokerages recently commented on FE. JPMorgan Chase & Co. boosted their target price on FirstEnergy Corp. from $40.00 to $41.00 and gave the stock an “overweight” rating in a report on Wednesday, March 16th. Barclays PLC boosted their target price on FirstEnergy Corp. from $36.00 to $38.00 and gave the stock an “overweight” rating in a report on Friday, March 18th. BMO Capital Markets boosted their target price on FirstEnergy Corp. from $33.00 to $40.00 and gave the stock a “market perform” rating in a report on Monday, March 28th. Evercore ISI dropped their target price on FirstEnergy Corp. from $33.00 to $31.00 and set a “neutral” rating on the stock in a report on Monday, March 28th. Finally, Macquarie dropped their target price on FirstEnergy Corp. from $40.00 to $36.50 and set an “outperform” rating on the stock in a report on Monday, March 28th. Two research analysts have rated the stock with a sell rating, nine have issued a hold rating and five have given a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus target price of $34.75.

The company has a market cap of $15.23 billion and a price-to-earnings ratio of 22.24. The company’s 50-day moving average is $34.16 and its 200-day moving average is $33.84.

FirstEnergy Corp. (NYSE:FE) last announced its earnings results on Tuesday, April 26th. The company reported $0.80 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.75 by $0.05. The company had revenue of $3.90 billion for the quarter, compared to analyst estimates of $3.86 billion. FirstEnergy Corp.’s revenue for the quarter was up .0% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.62 earnings per share. On average, equities analysts predict that FirstEnergy Corp. will post $2.68 earnings per share for the current year.

Other institutional investors recently made changes to their positions in the company. Matarin Capital Management LLC bought a new position in shares of FirstEnergy Corp. during the fourth quarter worth about $1,201,000. Advantus Capital Management Inc raised its position in shares of FirstEnergy Corp. by 2.6% in the fourth quarter. Advantus Capital Management Inc now owns 40,449 shares of the company’s stock worth $1,283,000 after buying an additional 1,041 shares during the last quarter. SECOR Capital Advisors LP raised its position in shares of FirstEnergy Corp. by 80.8% in the fourth quarter. SECOR Capital Advisors LP now owns 45,368 shares of the company’s stock worth $1,440,000 after buying an additional 20,279 shares during the last quarter. GSA Capital Partners LLP raised its position in shares of FirstEnergy Corp. by 14.6% in the fourth quarter. GSA Capital Partners LLP now owns 49,851 shares of the company’s stock worth $1,582,000 after buying an additional 6,360 shares during the last quarter. Finally, Robeco Institutional Asset Management B.V. raised its position in shares of FirstEnergy Corp. by 375.3% in the fourth quarter. Robeco Institutional Asset Management B.V. now owns 59,785 shares of the company’s stock worth $1,896,000 after buying an additional 47,207 shares during the last quarter.

FirstEnergy Corp. is a holding company. The Company operates through three segments: Regulated Distribution, Regulated Transmission and Competitive Energy Services (CES). The Regulated Distribution segment distributes electricity through its approximately 10 utility operating companies. The Regulated Transmission segment transmits electricity through transmission facilities.

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