FirstEnergy Corp. (NYSE:FE) has earned a consensus rating of “Hold” from the fifteen analysts that are covering the stock. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating and six have issued a buy rating on the company. The average 12 month price target among analysts that have covered the stock in the last year is $34.57.

FE has been the topic of a number of research analyst reports. Goldman Sachs Group Inc raised shares of FirstEnergy Corp. from a “neutral” rating to a “buy” rating and set a $34.00 price objective on the stock in a research report on Thursday, March 23rd. They noted that the move was a valuation call. Vetr downgraded shares of FirstEnergy Corp. from a “strong-buy” rating to a “buy” rating and set a $36.00 price objective on the stock. in a research report on Monday, February 27th. Barclays PLC reaffirmed an “equal weight” rating and set a $38.00 price objective (up from $35.00) on shares of FirstEnergy Corp. in a research report on Sunday, April 23rd. Jefferies Group LLC reaffirmed a “hold” rating and set a $32.00 price objective on shares of FirstEnergy Corp. in a research report on Friday, March 31st. Finally, Citigroup Inc reaffirmed a “neutral” rating and set a $34.00 price objective (up from $32.00) on shares of FirstEnergy Corp. in a research report on Saturday, April 22nd.

Hedge funds have recently modified their holdings of the company. State Street Corp boosted its stake in shares of FirstEnergy Corp. by 31.3% in the fourth quarter. State Street Corp now owns 42,984,682 shares of the utilities provider’s stock worth $1,331,233,000 after buying an additional 10,248,362 shares during the last quarter. BlackRock Inc. boosted its stake in shares of FirstEnergy Corp. by 4,036.6% in the first quarter. BlackRock Inc. now owns 38,676,251 shares of the utilities provider’s stock worth $1,230,678,000 after buying an additional 37,741,283 shares during the last quarter. Vanguard Group Inc. boosted its stake in shares of FirstEnergy Corp. by 7.1% in the first quarter. Vanguard Group Inc. now owns 35,965,731 shares of the utilities provider’s stock worth $1,144,430,000 after buying an additional 2,378,538 shares during the last quarter. LSV Asset Management boosted its stake in shares of FirstEnergy Corp. by 8.2% in the first quarter. LSV Asset Management now owns 14,052,653 shares of the utilities provider’s stock worth $447,155,000 after buying an additional 1,065,573 shares during the last quarter. Finally, Bank of New York Mellon Corp boosted its stake in shares of FirstEnergy Corp. by 90.8% in the first quarter. Bank of New York Mellon Corp now owns 10,801,367 shares of the utilities provider’s stock worth $343,698,000 after buying an additional 5,141,450 shares during the last quarter. Institutional investors and hedge funds own 74.16% of the company’s stock.

Shares of FirstEnergy Corp. (NYSE:FE) opened at 28.92 on Monday. The stock’s 50 day moving average is $29.77 and its 200 day moving average is $30.79. FirstEnergy Corp. has a 52-week low of $27.93 and a 52-week high of $36.60. The stock’s market cap is $12.83 billion.

FirstEnergy Corp. (NYSE:FE) last announced its quarterly earnings data on Thursday, April 27th. The utilities provider reported $0.78 EPS for the quarter, beating the Zacks’ consensus estimate of $0.71 by $0.07. FirstEnergy Corp. had a negative net margin of 4.12% and a positive return on equity of 10.06%. The firm had revenue of $3.60 billion for the quarter, compared to the consensus estimate of $3.64 billion. During the same period in the previous year, the firm posted $0.80 earnings per share. The firm’s revenue was down 7.7% on a year-over-year basis. On average, equities analysts expect that FirstEnergy Corp. will post $2.80 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, June 1st. Stockholders of record on Friday, May 5th will be paid a $0.36 dividend. This represents a $1.44 dividend on an annualized basis and a dividend yield of 4.98%. The ex-dividend date is Wednesday, May 3rd. FirstEnergy Corp.’s payout ratio is -100.70%.

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About FirstEnergy Corp.

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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