FirstEnergy Corp. (NYSE:FE) shares traded down 1.8% on Tuesday . The company traded as low as $35.95 and last traded at $35.95, with a volume of 3,685,944 shares changing hands. The stock had previously closed at $36.60.

A number of research analysts have weighed in on the company. Barclays PLC downgraded FirstEnergy Corp. from an “overweight” rating to an “equal weight” rating and lowered their target price for the company from $39.00 to $33.00 in a report on Saturday, April 23rd. Royal Bank Of Canada cut FirstEnergy Corp. from an “outperform” rating to a “sector perform” rating and set a $33.00 price target for the company. in a research report on Thursday, April 28th. Morgan Stanley restated a “hold” rating on shares of FirstEnergy Corp. in a research report on Sunday, May 8th. Goldman Sachs Group Inc. cut FirstEnergy Corp. from a “neutral” rating to a “sell” rating and reduced their price target for the stock from $36.00 to $31.00 in a research report on Tuesday. Finally, Deutsche Bank AG reduced their price target on FirstEnergy Corp. from $39.00 to $37.00 and set a “hold” rating for the company in a research report on Monday, April 25th. Three research analysts have rated the stock with a sell rating, eight have given a hold rating and five have issued a buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus price target of $35.18.

The company has a market capitalization of $15.24 billion and a price-to-earnings ratio of 22.26. The stock’s 50 day moving average is $34.84 and its 200-day moving average is $34.11.

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, September 1st. Shareholders of record on Friday, August 5th will be issued a dividend of $0.36 per share. This represents a $1.44 annualized dividend and a dividend yield of 4.01%. The ex-dividend date is Wednesday, August 3rd.

Several institutional investors have recently modified their holdings of FE. Vanguard Group Inc. raised its position in shares of FirstEnergy Corp. by 6.2% in the fourth quarter. Vanguard Group Inc. now owns 29,495,851 shares of the company’s stock valued at $935,903,000 after buying an additional 1,730,869 shares during the last quarter. Jennison Associates LLC raised its position in shares of FirstEnergy Corp. by 0.9% in the fourth quarter. Jennison Associates LLC now owns 8,870,872 shares of the company’s stock valued at $281,473,000 after buying an additional 82,089 shares during the last quarter. Principal Financial Group Inc. raised its position in shares of FirstEnergy Corp. by 4.9% in the fourth quarter. Principal Financial Group Inc. now owns 2,437,458 shares of the company’s stock valued at $77,340,000 after buying an additional 113,772 shares during the last quarter. BlackRock Advisors LLC raised its position in shares of FirstEnergy Corp. by 187.2% in the fourth quarter. BlackRock Advisors LLC now owns 1,441,632 shares of the company’s stock valued at $45,743,000 after buying an additional 939,732 shares during the last quarter. Finally, Mizuho Trust & Banking Co. Ltd. raised its position in shares of FirstEnergy Corp. by 0.7% in the fourth quarter. Mizuho Trust & Banking Co. Ltd. now owns 641,592 shares of the company’s stock valued at $20,717,000 after buying an additional 4,681 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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