FirstEnergy (NYSE:FE) had its price objective upped by Morgan Stanley from $39.00 to $41.00 in a report published on Tuesday morning, MarketBeat Ratings reports. They currently have a buy rating on the utilities provider’s stock.

FE has been the subject of a number of other reports. ValuEngine lowered shares of FirstEnergy from a buy rating to a hold rating in a report on Thursday, May 17th. Zacks Investment Research upgraded shares of FirstEnergy from a hold rating to a buy rating and set a $38.00 price objective for the company in a report on Tuesday, June 5th. Barclays started coverage on shares of FirstEnergy in a report on Tuesday, July 10th. They issued an equal weight rating and a $39.00 price objective for the company. Howard Weil started coverage on shares of FirstEnergy in a report on Tuesday, July 24th. They issued a sector outperform rating and a $39.00 price objective for the company. Finally, Bank of America boosted their price objective on shares of FirstEnergy from $38.00 to $39.00 and gave the stock a buy rating in a report on Wednesday, August 1st. Five analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. FirstEnergy has a consensus rating of Buy and a consensus target price of $37.75.

FE stock opened at $37.79 on Tuesday. The company has a debt-to-equity ratio of 2.18, a current ratio of 0.47 and a quick ratio of 0.41. FirstEnergy has a one year low of $29.33 and a one year high of $38.37. The company has a market capitalization of $18.35 billion, a price-to-earnings ratio of 12.31, a P/E/G ratio of 2.56 and a beta of 0.27.

FirstEnergy (NYSE:FE) last released its quarterly earnings results on Tuesday, July 31st. The utilities provider reported $0.62 EPS for the quarter, topping the Zacks’ consensus estimate of $0.53 by $0.09. FirstEnergy had a negative net margin of 4.60% and a positive return on equity of 24.39%. The business had revenue of $2.70 billion during the quarter, compared to analysts’ expectations of $2.56 billion. During the same quarter in the previous year, the company earned $0.61 EPS. equities research analysts forecast that FirstEnergy will post 2.46 earnings per share for the current fiscal year.

The company also recently declared a quarterly dividend, which was paid on Saturday, September 1st. Investors of record on Tuesday, August 7th were issued a dividend of $0.36 per share. The ex-dividend date was Monday, August 6th. This represents a $1.44 dividend on an annualized basis and a yield of 3.81%. FirstEnergy’s dividend payout ratio is currently 46.91%.

A number of large investors have recently bought and sold shares of the stock. Exane Asset Management bought a new stake in FirstEnergy during the 2nd quarter valued at $1,111,000. Schroder Investment Management Group increased its position in FirstEnergy by 11.8% during the 2nd quarter. Schroder Investment Management Group now owns 132,378 shares of the utilities provider’s stock valued at $4,791,000 after purchasing an additional 13,969 shares during the period. Public Employees Retirement System of Ohio increased its position in FirstEnergy by 2.3% during the 2nd quarter. Public Employees Retirement System of Ohio now owns 196,036 shares of the utilities provider’s stock valued at $7,040,000 after purchasing an additional 4,380 shares during the period. Mount Yale Investment Advisors LLC increased its position in FirstEnergy by 4.9% during the 2nd quarter. Mount Yale Investment Advisors LLC now owns 203,333 shares of the utilities provider’s stock valued at $7,302,000 after purchasing an additional 9,466 shares during the period. Finally, Andra AP fonden increased its position in FirstEnergy by 10.5% during the 2nd quarter. Andra AP fonden now owns 225,600 shares of the utilities provider’s stock valued at $8,101,000 after purchasing an additional 21,500 shares during the period. Institutional investors own 94.41% of the company’s stock.

FirstEnergy Company Profile

FirstEnergy Corp., through its subsidiaries, generates, transmits, and distributes electricity in the United States. The company operates through Regulated Distribution, Regulated Transmission, and Competitive Energy Services segments. It owns and operates coal-fired, nuclear, hydroelectric, oil and natural gas, wind, and solar power generating facilities.

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Analyst Recommendations for FirstEnergy (NYSE:FE)

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