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

FE has been the topic of several analyst reports. Barclays PLC reiterated a “buy” rating on shares of FirstEnergy Corp. in a research note on Saturday, March 19th. Jefferies Group reiterated a “buy” rating and issued a $40.50 target price (up previously from $36.00) on shares of FirstEnergy Corp. in a research note on Monday, April 11th. Bank of America Corp. reiterated a “buy” rating and issued a $37.00 target price on shares of FirstEnergy Corp. in a research note on Tuesday, May 24th. Deutsche Bank AG lowered their price objective on shares of FirstEnergy Corp. from $39.00 to $37.00 and set a “hold” rating on the stock in a research report on Monday, April 25th. Finally, Morgan Stanley restated a “hold” rating on shares of FirstEnergy Corp. in a research report on Sunday, May 8th. Two equities research analysts have rated the stock with a sell rating, nine have assigned a hold rating and five have assigned a buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus price target of $34.75.

The stock has a market capitalization of $15.37 billion and a PE ratio of 22.45. The stock has a 50 day moving average price of $34.27 and a 200 day moving average price of $33.86.

FirstEnergy Corp. (NYSE:FE) last issued its quarterly earnings data on Tuesday, April 26th. The company reported $0.80 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.75 by $0.05. The firm earned $3.90 billion during the quarter, compared to analysts’ expectations of $3.86 billion. The firm’s quarterly revenue was up .0% on a year-over-year basis. During the same period in the previous year, the firm earned $0.62 EPS. Equities analysts anticipate that FirstEnergy Corp. will post $2.68 EPS for the current year.

A number of hedge funds recently added to or reduced their stakes in FE. Vanguard Group Inc. boosted its stake in FirstEnergy Corp. by 6.2% in the fourth quarter. Vanguard Group Inc. now owns 29,495,851 shares of the company’s stock worth $935,903,000 after buying an additional 1,730,869 shares during the period. Boston Partners boosted its stake in FirstEnergy Corp. by 67.2% in the fourth quarter. Boston Partners now owns 2,604,737 shares of the company’s stock worth $82,648,000 after buying an additional 1,046,991 shares during the period. Marshall Wace LLP bought a new stake in FirstEnergy Corp. during the fourth quarter worth approximately $16,404,000. BNP Paribas Arbitrage SA boosted its stake in FirstEnergy Corp. by 84.5% in the fourth quarter. BNP Paribas Arbitrage SA now owns 506,610 shares of the company’s stock worth $16,075,000 after buying an additional 231,963 shares during the period. Finally, Principal Financial Group Inc. boosted its stake in FirstEnergy Corp. by 4.9% in the fourth quarter. Principal Financial Group Inc. now owns 2,437,458 shares of the company’s stock worth $77,340,000 after buying an additional 113,772 shares during the period.

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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