FirstEnergy Corp. Price Target Raised to $35.00 at Barclays (FE)
Equities researchers at Barclays boosted their target price on shares of FirstEnergy Corp. (NYSE:FE) from $34.00 to $35.00 in a research report issued on Wednesday, AnalystRatingsNetwork reports. Barclays’ target price indicates a potential upside of 13.64% from the stock’s previous close.
Shares of FirstEnergy Corp. (NYSE:FE) traded up 0.81% during mid-day trading on Wednesday, hitting $31.05. 3,125,370 shares of the company’s stock traded hands. FirstEnergy Corp. has a 52-week low of $30.10 and a 52-week high of $46.77. The stock has a 50-day moving average of $31.40 and a 200-day moving average of $34.71. The company has a market cap of $12.986 billion and a P/E ratio of 126.23.
FirstEnergy Corp. (NYSE:FE) last issued its quarterly earnings data on Tuesday, February 25th. The company reported $0.75 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.69 by $0.06. On average, analysts predict that FirstEnergy Corp. will post $2.98 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Saturday, March 1st. Investors of record on Friday, February 7th will be given a dividend of $0.36 per share. This represents a $1.44 dividend on an annualized basis and a yield of 4.68%. The ex-dividend date of this dividend is Wednesday, February 5th.
Other equities research analysts have also recently issued reports about the stock. Analysts at Jefferies Group cut their price target on shares of FirstEnergy Corp. from $32.50 to $31.00 in a research note on Wednesday. Finally, analysts at Zacks downgraded shares of FirstEnergy Corp. from a “neutral” rating to an “underperform” rating in a research note on Friday, January 24th. They now have a $28.00 price target on the stock. Two investment analysts have rated the stock with a sell rating, eight have given a hold rating and two have given a buy rating to the company. The stock has an average rating of “Hold” and an average target price of $33.92.
FirstEnergy Corp. (NYSE:FE) is engaged in the holding, directly or indirectly, of its subsidiaries: Ohio Edison Company (OE), The Cleveland Electric Illuminating Company (CEI), The Toledo Edison Company (TE), Pennsylvania Power Company (Penn) (a wholly owned subsidiary of OE), American Transmission Systems, Incorporated (ATSI), Jersey Central Power & Light Company (JCP&L), Metropolitan Edison Company (Met-Ed), Pennsylvania Electric Company (Penelec).
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