FirstEnergy (FE) – Research Analysts’ Recent Ratings Updates

Several analysts have recently updated their ratings and price targets for FirstEnergy (NYSE: FE):

  • 2/2/2018 – FirstEnergy is now covered by analysts at UBS Group AG. They set a “buy” rating and a $39.00 price target on the stock.
  • 1/30/2018 – FirstEnergy had its price target lowered by analysts at Citigroup Inc from $34.00 to $32.00. They now have a “neutral” rating on the stock.
  • 1/30/2018 – FirstEnergy had its “hold” rating reaffirmed by analysts at Mizuho. They now have a $32.00 price target on the stock.
  • 1/29/2018 – FirstEnergy was upgraded by analysts at Wolfe Research from a “peer perform” rating to an “outperform” rating.
  • 1/26/2018 – FirstEnergy was upgraded by analysts at Bank of America Corp from a “neutral” rating to a “buy” rating. They now have a $36.00 price target on the stock, up previously from $32.09.
  • 1/23/2018 – FirstEnergy was upgraded by analysts at Zacks Investment Research from a “sell” rating to a “hold” rating. According to Zacks, “FirstEnergy’s modernization drive and its ambitious Energizing the Future plan is processing well and is aimed at upgrading its transmission capabilities. Recently, the company completed inspection of its assets and went ahead with necessary maintenance work of its equipment before the upcoming winter. The company is working to transform itself into a regulated company by mid of 2018. FirstEnergy's transformational investment will help to strengthen its balance sheet by lowering existing debts. However, FirstEnergy faces strong competition in the wholesale market, risk of unplanned outages and stringent regulatory norms are some of the headwinds.  Shares of FirstEnergy's have lost its value compared with the industry’s gain in the last one year.”
  • 1/15/2018 – FirstEnergy was downgraded by analysts at Zacks Investment Research from a “hold” rating to a “sell” rating. According to Zacks, “Shares of FirstEnergy's have lost its value compared with the industry’s gain in the last one year. FirstEnergy faces strong competition in the wholesale market, risk of unplanned outages and stringent regulatory norms are some of the headwinds.  However, FirstEnergy’s modernization drive and its ambitious Energizing the Future plan is processing well and is aimed at upgrading its transmission capabilities. Recently, the company completed inspection of its assets and went ahead with necessary maintenance work of its equipment before the upcoming winter. The company is working to transform itself into a regulated company by mid of 2018.”
  • 1/9/2018 – FirstEnergy was downgraded by analysts at Zacks Investment Research from a “buy” rating to a “hold” rating. According to Zacks, “Shares of FirstEnergy's have gained higher than the industry in the last six months. FirstEnergy’s modernization drive and its ambitious Energizing the Future plan is processing well and is aimed at upgrading its transmission capabilities. Recently, the company completed inspection of its assets and went ahead with necessary maintenance work of its equipments before the upcoming winter. The company is working to transform itself into a regulated company by mid of 2018. If the cold wave continue it will result in higher demand for heating purposes. However, high competition in the wholesale and retail electric markets can affect its top line. In addition, stringent regulatory norms, and intensifying competition are some of the headwinds.”
  • 1/3/2018 – FirstEnergy had its “buy” rating reaffirmed by analysts at Guggenheim. They now have a $47.00 price target on the stock.
  • 1/2/2018 – FirstEnergy was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “buy” rating. They now have a $34.00 price target on the stock. According to Zacks, “Shares of FirstEnergy's have gained higher than the industry in the last six months. FirstEnergy’s modernization drive and its ambitious Energizing the Future plan is processing well and is aimed at upgrading its transmission capabilities. Recently, the company completed inspection of its assets and went ahead with necessary maintenance work of its equipments before the upcoming winter. The company is working to transform itself into a regulated company by mid of 2018. However, high competition in the wholesale and retail electric markets can affect its top line. In addition, stringent regulatory norms, mild weather and intensifying competition are some of the headwinds.”

FirstEnergy Corp. (FE) traded up $0.16 during mid-day trading on Monday, reaching $31.45. 1,058,533 shares of the company’s stock traded hands, compared to its average volume of 9,147,541. The company has a current ratio of 0.69, a quick ratio of 0.56 and a debt-to-equity ratio of 3.29. FirstEnergy Corp. has a 52-week low of $27.93 and a 52-week high of $35.22. The company has a market cap of $13,919.61, a price-to-earnings ratio of -2.69, a P/E/G ratio of 12.20 and a beta of 0.35.

The company also recently announced a quarterly dividend, which will be paid on Thursday, March 1st. Shareholders of record on Wednesday, February 7th will be issued a $0.36 dividend. This represents a $1.44 annualized dividend and a yield of 4.58%. The ex-dividend date of this dividend is Tuesday, February 6th. FirstEnergy’s dividend payout ratio is currently -12.31%.

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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