FirstEnergy Corporation (NYSE:FE)‘s stock had its “hold” rating reiterated by equities research analysts at Mizuho in a research note issued to investors on Tuesday. They currently have a $30.50 price target on the utilities provider’s stock. Mizuho’s target price would suggest a potential downside of 4.72% from the stock’s current price.

A number of other research firms have also weighed in on FE. Zacks Investment Research lowered shares of FirstEnergy Corporation from a “hold” rating to a “sell” rating in a research report on Tuesday, August 8th. Deutsche Bank AG reissued a “hold” rating and set a $34.00 target price (up previously from $31.00) on shares of FirstEnergy Corporation in a research report on Monday, July 31st. J P Morgan Chase & Co set a $34.00 target price on shares of FirstEnergy Corporation and gave the stock a “hold” rating in a research report on Thursday, October 12th. ValuEngine lowered shares of FirstEnergy Corporation from a “buy” rating to a “hold” rating in a research report on Tuesday, September 12th. Finally, KeyCorp reissued a “hold” rating on shares of FirstEnergy Corporation in a research report on Friday. Thirteen analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average price target of $34.39.

FirstEnergy Corporation (FE) traded down 0.37% during trading on Tuesday, hitting $32.01. The stock had a trading volume of 2,671,326 shares. The stock’s 50 day moving average price is $31.59 and its 200 day moving average price is $30.70. FirstEnergy Corporation has a 12-month low of $27.93 and a 12-month high of $34.83. The firm’s market cap is $14.22 billion.

FirstEnergy Corporation (NYSE:FE) last released its earnings results on Thursday, July 27th. The utilities provider reported $0.61 earnings per share for the quarter, hitting the Zacks’ consensus estimate of $0.61. The firm 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 business’s revenue was down 3.0% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.56 EPS. On average, analysts anticipate that FirstEnergy Corporation will post $2.82 EPS for the current fiscal year.

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A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. Washington Trust Bank increased its stake in FirstEnergy Corporation by 0.3% in the second quarter. Washington Trust Bank now owns 13,570 shares of the utilities provider’s stock valued at $396,000 after acquiring an additional 36 shares during the period. Sandy Spring Bank increased its stake in FirstEnergy Corporation by 1.3% in the second quarter. Sandy Spring Bank now owns 5,141 shares of the utilities provider’s stock valued at $150,000 after acquiring an additional 66 shares during the period. Commonwealth of Pennsylvania Public School Empls Retrmt SYS increased its stake in FirstEnergy Corporation by 0.4% in the second quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 32,967 shares of the utilities provider’s stock valued at $961,000 after acquiring an additional 145 shares during the period. Sentry Investment Management LLC increased its stake in FirstEnergy Corporation by 0.5% in the second quarter. Sentry Investment Management LLC now owns 35,060 shares of the utilities provider’s stock valued at $1,022,000 after acquiring an additional 185 shares during the period. Finally, Norinchukin Bank The increased its stake in FirstEnergy Corporation by 0.7% in the second quarter. Norinchukin Bank The now owns 36,293 shares of the utilities provider’s stock valued at $1,058,000 after acquiring an additional 240 shares during the period. 80.02% of the stock is currently owned by institutional investors and hedge funds.

FirstEnergy Corporation Company Profile

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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