Equities research analysts at Bank of America Corporation assumed coverage on shares of FirstEnergy Corporation (NYSE:FE) in a research report issued on Tuesday. The brokerage set a “neutral” rating and a $34.00 price target on the utilities provider’s stock. Bank of America Corporation’s price target points to a potential upside of 5.82% from the stock’s previous close.

A number of other analysts have also issued reports on FE. Citigroup Inc. increased their price target on shares of FirstEnergy Corporation from $31.00 to $34.00 and gave the stock a “neutral” rating in a research report on Tuesday, October 17th. KeyCorp reissued a “hold” rating on shares of FirstEnergy Corporation in a research report on Friday. Zacks Investment Research lowered shares of FirstEnergy Corporation from a “hold” rating to a “sell” rating in a research report on Tuesday, August 8th. ValuEngine raised shares of FirstEnergy Corporation from a “hold” rating to a “buy” rating in a research report on Monday, August 7th. Finally, Evercore ISI raised shares of FirstEnergy Corporation from an “in-line” rating to an “outperform” rating and increased their price target for the stock from $30.00 to $35.00 in a research report on Monday, August 14th. Thirteen investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus price target of $34.45.

Shares of FirstEnergy Corporation (NYSE FE) traded down 0.576% during trading on Tuesday, reaching $31.945. 1,181,061 shares of the company traded hands. FirstEnergy Corporation has a 12 month low of $27.93 and a 12 month high of $34.83. The firm’s market capitalization is $14.19 billion. The firm has a 50-day moving average price of $31.58 and a 200-day moving average price of $30.70.

FirstEnergy Corporation (NYSE:FE) last posted its quarterly earnings results on Thursday, July 27th. The utilities provider reported $0.61 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.61. The business had revenue of $3.30 billion during the quarter, compared to analyst estimates of $3.38 billion. FirstEnergy Corporation had a negative net margin of 35.59% and a positive return on equity of 15.41%. The firm’s revenue was down 3.0% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.56 earnings per share. Equities research analysts anticipate that FirstEnergy Corporation will post $2.82 EPS for the current year.

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Several large investors have recently added to or reduced their stakes in FE. Wellington Management Group LLP raised its position in shares of FirstEnergy Corporation by 222.6% in the first quarter. Wellington Management Group LLP now owns 691,033 shares of the utilities provider’s stock valued at $21,989,000 after purchasing an additional 476,813 shares during the period. Thrivent Financial For Lutherans raised its position in shares of FirstEnergy Corporation by 9.0% in the first quarter. Thrivent Financial For Lutherans now owns 16,718 shares of the utilities provider’s stock valued at $531,000 after purchasing an additional 1,380 shares during the period. Dimensional Fund Advisors LP raised its position in shares of FirstEnergy Corporation by 3.3% in the first quarter. Dimensional Fund Advisors LP now owns 920,225 shares of the utilities provider’s stock valued at $29,278,000 after purchasing an additional 28,974 shares during the period. Oppenheimer Asset Management Inc. bought a new position in shares of FirstEnergy Corporation in the first quarter valued at approximately $139,000. Finally, Credit Suisse AG raised its position in shares of FirstEnergy Corporation by 7.7% in the first quarter. Credit Suisse AG now owns 667,364 shares of the utilities provider’s stock valued at $21,236,000 after purchasing an additional 47,644 shares during the period. 80.02% of the stock is currently owned by institutional investors.

About FirstEnergy Corporation

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.

Analyst Recommendations for FirstEnergy Corporation (NYSE:FE)

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