FirstEnergy (NYSE:FE) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a research note issued on Monday.

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.”

FE has been the subject of a number of other reports. Deutsche Bank raised FirstEnergy from a “hold” rating to a “buy” rating in a research note on Tuesday, October 17th. ValuEngine raised FirstEnergy from a “hold” rating to a “buy” rating in a research note on Wednesday, November 15th. JPMorgan Chase & Co. set a $34.00 target price on FirstEnergy and gave the stock a “hold” rating in a research note on Thursday, October 12th. Mizuho reaffirmed a “hold” rating and issued a $30.50 target price on shares of FirstEnergy in a research note on Tuesday, October 24th. Finally, KeyCorp reaffirmed a “hold” rating on shares of FirstEnergy in a research note on Friday, October 20th. One investment analyst has rated the stock with a sell rating, ten have given a hold rating and seven have issued a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average target price of $35.32.

Shares of FirstEnergy (NYSE FE) traded down $0.17 during mid-day trading on Monday, reaching $30.07. The company’s stock had a trading volume of 3,989,000 shares, compared to its average volume of 4,554,156. The company has a quick ratio of 0.56, a current ratio of 0.69 and a debt-to-equity ratio of 3.29. The stock has a market cap of $13,380.00, a price-to-earnings ratio of -2.55 and a beta of 0.25. FirstEnergy has a 12 month low of $27.93 and a 12 month high of $35.22.

FirstEnergy (NYSE:FE) last announced its quarterly earnings data on Thursday, October 26th. The utilities provider reported $0.97 earnings per share for the quarter, beating analysts’ consensus estimates of $0.86 by $0.11. The company had revenue of $3.70 billion for the quarter, compared to analyst estimates of $3.72 billion. FirstEnergy had a positive return on equity of 19.29% and a negative net margin of 35.99%. During the same quarter last year, the firm posted $0.90 EPS. equities research analysts predict that FirstEnergy will post 3.04 earnings per share for the current year.

Several large investors have recently modified their holdings of the stock. Sandy Spring Bank increased its position in shares of FirstEnergy by 1.3% during the 2nd quarter. Sandy Spring Bank now owns 5,141 shares of the utilities provider’s stock worth $150,000 after purchasing an additional 66 shares during the last quarter. Sentry Investment Management LLC increased its position in shares of FirstEnergy by 0.5% during the 2nd quarter. Sentry Investment Management LLC now owns 35,060 shares of the utilities provider’s stock worth $1,022,000 after purchasing an additional 185 shares during the last quarter. Norinchukin Bank The increased its position in shares of FirstEnergy by 0.7% during the 2nd quarter. Norinchukin Bank The now owns 36,293 shares of the utilities provider’s stock worth $1,058,000 after purchasing an additional 240 shares during the last quarter. National Asset Management Inc. increased its position in shares of FirstEnergy by 4.8% during the 2nd quarter. National Asset Management Inc. now owns 8,245 shares of the utilities provider’s stock worth $242,000 after purchasing an additional 379 shares during the last quarter. Finally, Simmons Bank increased its position in shares of FirstEnergy by 2.8% during the 2nd quarter. Simmons Bank now owns 16,475 shares of the utilities provider’s stock worth $480,000 after purchasing an additional 450 shares during the last quarter. 82.41% of the stock is owned by hedge funds and other institutional investors.

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About FirstEnergy

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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