FirstEnergy Corp. Receives Consensus Recommendation of “Hold” from Analysts (NYSE:FE)
FirstEnergy Corp. (NYSE:FE) has been given an average recommendation of “Hold” by the twelve ratings firms that are currently covering the company, AnalystRatingsNetwork reports. One analyst has rated the stock with a sell recommendation, five have given a hold recommendation and two have issued a buy recommendation on the company. The average 12-month price target among brokers that have updated their coverage on the stock in the last year is $33.17.
In other FirstEnergy Corp. news, SVP Bennett L. Gaines sold 5,400 shares of the company’s stock in a transaction dated Wednesday, August 13th. The stock was sold at an average price of $32.25, for a total transaction of $174,150.00. The transaction was disclosed in a document filed with the SEC, which is available at this link.
A number of research firms have recently commented on FE. Analysts at Zacks reiterated a “neutral” rating on shares of FirstEnergy Corp. in a research note on Thursday, August 7th. They now have a $33.00 price target on the stock. Separately, analysts at Deutsche Bank reiterated a “hold” rating on shares of FirstEnergy Corp. in a research note on Wednesday, August 6th. They now have a $33.00 price target on the stock, down previously from $34.00. Finally, analysts at Jefferies Group cut their price target on shares of FirstEnergy Corp. from $37.00 to $36.50 in a research note on Wednesday, August 6th.
FirstEnergy Corp. (NYSE:FE) opened at 33.46 on Monday. FirstEnergy Corp. has a 52 week low of $29.98 and a 52 week high of $38.92. The stock has a 50-day moving average of $32.26 and a 200-day moving average of $32.71. The company has a market cap of $14.065 billion and a P/E ratio of 22.08.
FirstEnergy Corp. (NYSE:FE) last released its earnings data on Tuesday, August 5th. The company reported $0.49 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.44 by $0.05. The company had revenue of $3.50 billion for the quarter, compared to the consensus estimate of $3.32 billion. During the same quarter in the prior year, the company posted $0.59 earnings per share. Analysts expect that FirstEnergy Corp. will post $2.49 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Monday, September 1st. Shareholders of record on Thursday, August 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 4.30%. The ex-dividend date of this dividend is Tuesday, August 5th.
FirstEnergy Corp. is a holding company. The Company is a diversified energy company operating in three segments: regulated distribution, regulated transmission and competitive energy services segment.
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