FirstEnergy (NYSE:FE) had its price target cut by KeyCorp from $56.00 to $54.00 in a research note released on Friday, BenzingaRatingsTable reports. They currently have an overweight rating on the utilities provider’s stock.

FE has been the topic of several other research reports. ValuEngine cut shares of FirstEnergy from a buy rating to a hold rating in a research report on Wednesday, October 2nd. UBS Group reaffirmed a buy rating and set a $53.00 price objective (up from $52.00) on shares of FirstEnergy in a research note on Monday, November 25th. Bank of America lowered shares of FirstEnergy from a buy rating to a neutral rating in a research note on Thursday, October 24th. They noted that the move was a valuation call. Mizuho raised shares of FirstEnergy from a neutral rating to a buy rating and lifted their price objective for the stock from $47.00 to $53.00 in a research note on Monday, November 25th. Finally, Zacks Investment Research lowered shares of FirstEnergy from a hold rating to a sell rating and set a $51.00 price objective for the company. in a research note on Wednesday. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and four have given a buy rating to the company. FirstEnergy has a consensus rating of Hold and an average price target of $50.50.

FE traded up $0.28 during trading hours on Friday, hitting $49.06. The company’s stock had a trading volume of 3,251,179 shares, compared to its average volume of 3,034,632. The business’s 50-day moving average price is $48.13 and its 200-day moving average price is $46.63. FirstEnergy has a 12 month low of $38.11 and a 12 month high of $49.14. The stock has a market cap of $26.51 billion, a price-to-earnings ratio of 18.94, a P/E/G ratio of 3.23 and a beta of 0.19. The company has a current ratio of 0.62, a quick ratio of 0.56 and a debt-to-equity ratio of 2.67.

FirstEnergy (NYSE:FE) last announced its quarterly earnings results on Monday, November 4th. The utilities provider reported $0.76 earnings per share for the quarter, topping the consensus estimate of $0.73 by $0.03. FirstEnergy had a net margin of 10.49% and a return on equity of 19.21%. The company had revenue of $3 billion for the quarter, compared to analysts’ expectations of $2.91 billion. During the same quarter in the previous year, the business posted $0.80 earnings per share. FirstEnergy’s quarterly revenue was up 3.4% on a year-over-year basis. On average, analysts forecast that FirstEnergy will post 2.52 earnings per share for the current year.

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Canandaigua National Bank & Trust Co. boosted its stake in FirstEnergy by 3.8% during the fourth quarter. Canandaigua National Bank & Trust Co. now owns 18,878 shares of the utilities provider’s stock worth $917,000 after buying an additional 690 shares during the period. Huntington National Bank boosted its stake in FirstEnergy by 59.9% during the fourth quarter. Huntington National Bank now owns 14,588 shares of the utilities provider’s stock worth $709,000 after buying an additional 5,464 shares during the period. IFP Advisors Inc boosted its stake in FirstEnergy by 12.9% during the fourth quarter. IFP Advisors Inc now owns 6,158 shares of the utilities provider’s stock worth $296,000 after buying an additional 702 shares during the period. Cerebellum GP LLC purchased a new position in FirstEnergy during the fourth quarter worth $576,000. Finally, Gradient Investments LLC boosted its stake in FirstEnergy by 279.4% during the fourth quarter. Gradient Investments LLC now owns 5,695 shares of the utilities provider’s stock worth $277,000 after buying an additional 4,194 shares during the period. 88.86% of the stock is owned by institutional investors.

About FirstEnergy

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

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Analyst Recommendations for FirstEnergy (NYSE:FE)

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