A number of research firms have changed their ratings and price targets for FirstEnergy Corporation (NYSE: FE):

  • 8/10/2017 – FirstEnergy Corporation was given a new $39.00 price target on by analysts at Morgan Stanley. They now have a “buy” rating on the stock.
  • 8/8/2017 – FirstEnergy Corporation was downgraded by analysts at Zacks Investment Research from a “hold” rating to a “sell” rating. According to Zacks, “Shares of FirstEnergy's have declined compared with the industry’s gain in the last twelve months. FirstEnergy’s higher debt/capital ratio compared with peers may further drive up its cost of capital in the rising interest rate environment. In addition, stringent regulatory norms, mild weather and intensifying competition are some of the headwinds. The company’s modernization drive and new generation asset additions will further strengthen its service reliability and lead to customer retention. This has led to its ambitious “Energizing the Future” plan aimed at upgrading and expanding its transmission capabilities. The company is working to transform itself into a regulated company by mid of 2018.”
  • 8/7/2017 – FirstEnergy Corporation was upgraded by analysts at ValuEngine from a “hold” rating to a “buy” rating.
  • 7/31/2017 – FirstEnergy Corporation had its “hold” rating reaffirmed by analysts at Deutsche Bank AG. They now have a $34.00 price target on the stock, up previously from $31.00.
  • 7/31/2017 – FirstEnergy Corporation had its “hold” rating reaffirmed by analysts at Jefferies Group LLC. They now have a $33.00 price target on the stock, up previously from $31.00.
  • 7/24/2017 – FirstEnergy Corporation was upgraded by analysts at BidaskClub from a “sell” rating to a “hold” rating.
  • 7/19/2017 – FirstEnergy Corporation had its price target lowered by analysts at Citigroup Inc. from $32.00 to $31.00. They now have a “neutral” rating on the stock.
  • 7/14/2017 – FirstEnergy Corporation was upgraded by analysts at Tudor Pickering from a “trim” rating to a “hold” rating.
  • 7/11/2017 – FirstEnergy Corporation had its “overweight” rating reaffirmed by analysts at Morgan Stanley.
  • 7/4/2017 – FirstEnergy Corporation was downgraded by analysts at Zacks Investment Research from a “hold” rating to a “sell” rating. According to Zacks, “Year to date shares of FirstEnergy have lagged the return from the broader industry. A higher debt/capital ratio compared with peers may further drive up its cost of capital in the rising interest rate environment. In addition, stringent regulatory norms and intensifying competition are some of the headwinds. The company’s modernization drive and new generation asset additions will further strengthen its service reliability and lead to customer retention. This has led to its ambitious “Energizing the Future” plan aimed at upgrading and expanding its transmission capabilities. The company is working to transform itself into a regulated company by mid of 2018.”
  • 7/4/2017 – FirstEnergy Corporation was given a new $38.00 price target on by analysts at Morgan Stanley. They now have a “buy” rating on the stock.
  • 6/26/2017 – FirstEnergy Corporation was upgraded by analysts at Wolfe Research from an “underperform” rating to a “market perform” rating. They now have a $32.00 price target on the stock, up previously from $30.00.
  • 6/26/2017 – FirstEnergy Corporation was downgraded by analysts at Goldman Sachs Group, Inc. (The) from a “positive” rating to a “neutral” rating.
  • 6/22/2017 – FirstEnergy Corporation was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “buy” rating. They now have a $33.00 price target on the stock. According to Zacks, “Shares of FirstEnergy have outperformed the broader industry in the last twelve months. The company’s modernization drive and new generation asset additions will further strengthen its service reliability and lead to customer retention. This has led to its ambitious “Energizing the Future” plan aimed at upgrading and expanding its transmission capabilities. The company is working to transform itself into a regulated company by mid of 2018. Stringent regulatory norms and intensifying competition are some of the headwinds. A higher debt/capital ratio compared with peers and a drop in rating from the rating agency may further drive up its cost of capital in the rising interest rate environment.”
  • 6/19/2017 – FirstEnergy Corporation had its “overweight” rating reaffirmed by analysts at Barclays PLC. They now have a $37.00 price target on the stock, up previously from $36.00.
  • 6/17/2017 – FirstEnergy Corporation was upgraded by analysts at BidaskClub from a “strong sell” rating to a “sell” rating.

FirstEnergy Corporation (FE) opened at 32.04 on Friday. The company’s market capitalization is $14.24 billion. The firm has a 50-day moving average of $30.53 and a 200 day moving average of $30.34. FirstEnergy Corporation has a 12-month low of $27.93 and a 12-month high of $34.96.

FirstEnergy Corporation (NYSE:FE) last announced its quarterly earnings results on Thursday, July 27th. The utilities provider reported $0.61 earnings per share for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.61. FirstEnergy Corporation had a positive return on equity of 15.41% and a negative net margin of 35.59%. The firm had revenue of $3.30 billion for the quarter, compared to analysts’ expectations of $3.38 billion. During the same period in the prior year, the business posted $0.56 earnings per share. The company’s revenue was down 3.0% on a year-over-year basis. Analysts expect that FirstEnergy Corporation will post $2.81 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Friday, September 1st. Stockholders of record on Monday, August 7th will be given a dividend of $0.36 per share. This represents a $1.44 annualized dividend and a dividend yield of 4.49%. The ex-dividend date of this dividend is Thursday, August 3rd. FirstEnergy Corporation’s dividend payout ratio is presently -12.31%.

FirstEnergy Corp. is a holding company. The Company is engaged in holding, directly or indirectly, all of the outstanding equity of its principal subsidiaries. Its segments include Regulated Distribution, Regulated Transmission, Competitive Energy Services (CES) and Corporate/Other. As of December 31, 2016, the Regulated Distribution segment distributed electricity through the Company’s 10 utility operating companies, serving approximately six million customers, and purchased power for its provider of last resort (POLR), standard offer service (SOS), standard offer service (SSO) and default service requirements in Ohio, Pennsylvania, New Jersey and Maryland.

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