FirstEnergy Corp. (NYSE:FE) hit a new 52-week high during mid-day trading on Friday . The company traded as high as $39.41 and last traded at $39.18, with a volume of 2310602 shares traded. The stock had previously closed at $39.08.

A number of equities research analysts have issued reports on the stock. Zacks Investment Research raised shares of FirstEnergy from a “hold” rating to a “buy” rating and set a $43.00 price objective for the company in a research report on Wednesday, October 10th. Citigroup upped their price objective on shares of FirstEnergy from $34.00 to $37.00 and gave the stock a “neutral” rating in a research report on Wednesday, October 3rd. Barclays upped their price objective on shares of FirstEnergy from $39.00 to $40.00 and gave the stock a “hold” rating in a research report on Monday, November 19th. Bank of America upped their price objective on shares of FirstEnergy from $39.00 to $41.00 and gave the stock a “buy” rating in a research report on Monday, October 29th. Finally, Morgan Stanley increased their target price on shares of FirstEnergy from $39.00 to $41.00 and gave the company a “buy” rating in a research report on Tuesday, September 11th. Two analysts have rated the stock with a hold rating and ten have given a buy rating to the company’s stock. FirstEnergy currently has an average rating of “Buy” and an average price target of $40.00.

The stock has a market cap of $19.72 billion, a price-to-earnings ratio of 12.78, a P/E/G ratio of 2.52 and a beta of 0.30. The company has a debt-to-equity ratio of 2.44, a quick ratio of 0.41 and a current ratio of 0.45.

FirstEnergy (NYSE:FE) last released its earnings results on Thursday, October 25th. The utilities provider reported $0.80 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.71 by $0.09. FirstEnergy had a negative net margin of 11.86% and a positive return on equity of 24.42%. The firm had revenue of $3.06 billion during the quarter, compared to the consensus estimate of $2.82 billion. As a group, equities analysts anticipate that FirstEnergy Corp. will post 2.55 EPS for the current year.

The business also recently announced a quarterly dividend, which will be paid on Friday, March 1st. Stockholders of record on Thursday, February 7th will be given a dividend of $0.38 per share. This is an increase from FirstEnergy’s previous quarterly dividend of $0.36. This represents a $1.52 dividend on an annualized basis and a dividend yield of 3.87%. The ex-dividend date of this dividend is Wednesday, February 6th. FirstEnergy’s dividend payout ratio is currently 46.91%.

Institutional investors have recently added to or reduced their stakes in the company. Strategic Wealth Partners Ltd. lifted its stake in shares of FirstEnergy by 141.8% during the 3rd quarter. Strategic Wealth Partners Ltd. now owns 2,483 shares of the utilities provider’s stock valued at $92,000 after buying an additional 1,456 shares in the last quarter. Winslow Evans & Crocker Inc. purchased a new stake in shares of FirstEnergy during the 3rd quarter valued at approximately $114,000. Valeo Financial Advisors LLC lifted its stake in shares of FirstEnergy by 104.4% during the 3rd quarter. Valeo Financial Advisors LLC now owns 3,759 shares of the utilities provider’s stock valued at $140,000 after buying an additional 1,920 shares in the last quarter. Brown Brothers Harriman & Co. purchased a new stake in shares of FirstEnergy during the 3rd quarter valued at approximately $141,000. Finally, Ancora Advisors LLC purchased a new stake in shares of FirstEnergy during the 3rd quarter valued at approximately $168,000. 94.84% of the stock is owned by hedge funds and other institutional investors.

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About FirstEnergy (NYSE:FE)

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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