FirstEnergy Corporation (NYSE:FE) was upgraded by stock analysts at ValuEngine from a “hold” rating to a “buy” rating in a research note issued on Wednesday.

Other analysts have also issued reports about the company. Morgan Stanley set a $39.00 target price on FirstEnergy Corporation and gave the company a “buy” rating in a research note on Thursday, August 10th. Zacks Investment Research upgraded FirstEnergy Corporation from a “hold” rating to a “buy” rating and set a $36.00 target price for the company in a research note on Monday, September 11th. Deutsche Bank AG upgraded FirstEnergy Corporation from a “hold” rating to a “buy” rating in a research note on Tuesday, October 17th. Jefferies Group LLC restated a “hold” rating and issued a $33.00 target price (up from $31.00) on shares of FirstEnergy Corporation in a research note on Monday, July 31st. Finally, BidaskClub upgraded FirstEnergy Corporation from a “sell” rating to a “hold” rating in a research note on Monday, July 24th. Thirteen equities research analysts have rated the stock with a hold rating and six have given a buy rating to the company. The company currently has an average rating of “Hold” and an average price target of $34.39.

FirstEnergy Corporation (NYSE:FE) opened at $35.05 on Wednesday. The company has a debt-to-equity ratio of 3.29, a quick ratio of 0.56 and a current ratio of 0.69. FirstEnergy Corporation has a 12 month low of $27.93 and a 12 month high of $35.06. The stock has a market capitalization of $15,071.79, a price-to-earnings ratio of 12.41 and a beta of 0.24.

FirstEnergy Corporation (NYSE:FE) last announced its earnings results on Thursday, October 26th. The utilities provider reported $0.97 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.86 by $0.11. FirstEnergy Corporation had a positive return on equity of 19.29% and a negative net margin of 35.99%. The company had revenue of $3.70 billion during the quarter, compared to analyst estimates of $3.72 billion. During the same period last year, the company posted $0.90 earnings per share. equities analysts anticipate that FirstEnergy Corporation will post 3.02 EPS for the current fiscal year.

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A number of institutional investors and hedge funds have recently modified their holdings of the business. Vanguard Group Inc. boosted its holdings in FirstEnergy Corporation by 23.4% during the second quarter. Vanguard Group Inc. now owns 44,375,170 shares of the utilities provider’s stock worth $1,293,979,000 after buying an additional 8,409,439 shares during the last quarter. BlackRock Inc. boosted its holdings in FirstEnergy Corporation by 13.9% during the second quarter. BlackRock Inc. now owns 44,045,492 shares of the utilities provider’s stock worth $1,284,363,000 after buying an additional 5,369,241 shares during the last quarter. LSV Asset Management boosted its holdings in FirstEnergy Corporation by 2.7% during the second quarter. LSV Asset Management now owns 14,438,631 shares of the utilities provider’s stock worth $421,030,000 after buying an additional 385,978 shares during the last quarter. Bank of New York Mellon Corp boosted its holdings in FirstEnergy Corporation by 6.9% during the second quarter. Bank of New York Mellon Corp now owns 11,546,862 shares of the utilities provider’s stock worth $336,706,000 after buying an additional 745,495 shares during the last quarter. Finally, Thompson Siegel & Walmsley LLC boosted its holdings in FirstEnergy Corporation by 23.3% during the second quarter. Thompson Siegel & Walmsley LLC now owns 6,071,635 shares of the utilities provider’s stock worth $177,049,000 after buying an additional 1,148,955 shares during the last quarter. Hedge funds and other institutional investors own 79.23% of the company’s stock.

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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