1 day Ago By ABMN Staff
FirstEnergy ( NYSE:FE – Get Free Report ) had its price objective upped by equities research analysts at KeyCorp from $45.00 to $46.00 in a report released on Monday, Benzinga reports.
The brokerage currently has an “overweight” rating on the utilities provider’s stock. KeyCorp’s target price points to a potential upside of 5.29% from the company’s current price.
FE has been the subject of a number of other research reports. Mizuho raised their price target on shares of FirstEnergy from $38.00 to $41.
00 and gave the stock a “neutral” rating in a research note on Monday, June 3rd. Bank of America raised their target price on FirstEnergy from $42.00 to $43.
00 and gave the stock an “underperform” rating in a research report on Thursday, August 29th. Morgan Stanley upped their price target on FirstEnergy from $45.00 to $48.
00 and gave the company an “overweight” rating in a research report on Friday, August 23rd. JPMorgan Chase & Co. lifted their price objective on FirstEnergy from $43.
00 to $45.00 and gave the company a “neutral” rating in a report on Wednesday, August 7th. Finally, Wells Fargo & Company boosted their target price on shares of FirstEnergy from $42.
00 to $45.00 and gave the company an “equal weight” rating in a research note on Thursday, August 1st. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and three have issued a buy rating to the stock.
According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $43.60.
Get Our Latest Stock Report on FE FirstEnergy Stock Down 1.5 % FirstEnergy ( NYSE:FE – Get Free Report ) last posted its quarterly earnings results on Tuesday, July 30th. The utilities provider reported $0.
56 EPS for the quarter, meeting the consensus estimate of $0.56. The firm had revenue of $3.
28 billion during the quarter, compared to analysts’ expectations of $3.47 billion. FirstEnergy had a return on equity of 12.
12% and a net margin of 6.61%. During the same quarter in the prior year, the firm posted $0.
47 EPS. As a group, sell-side analysts anticipate that FirstEnergy will post 2.7 earnings per share for the current year.
Institutional Trading of FirstEnergy A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Sachetta LLC raised its holdings in FirstEnergy by 36.0% during the 2nd quarter.
Sachetta LLC now owns 929 shares of the utilities provider’s stock worth $39,000 after purchasing an additional 246 shares during the last quarter. Commonwealth Financial Services LLC raised its stake in shares of FirstEnergy by 4.4% during the second quarter.
Commonwealth Financial Services LLC now owns 5,869 shares of the utilities provider’s stock worth $226,000 after buying an additional 249 shares during the last quarter. Balanced Wealth Group LLC lifted its holdings in FirstEnergy by 1.0% in the second quarter.
Balanced Wealth Group LLC now owns 26,500 shares of the utilities provider’s stock valued at $1,015,000 after buying an additional 264 shares during the period. Richardson Financial Services Inc. boosted its stake in FirstEnergy by 6.
2% in the first quarter. Richardson Financial Services Inc. now owns 4,995 shares of the utilities provider’s stock valued at $193,000 after acquiring an additional 290 shares during the last quarter.
Finally, Marcum Wealth LLC grew its holdings in FirstEnergy by 3.8% during the 1st quarter. Marcum Wealth LLC now owns 7,973 shares of the utilities provider’s stock worth $308,000 after acquiring an additional 295 shares during the period.
Institutional investors and hedge funds own 89.41% of the company’s stock. About FirstEnergy ( Get Free Report ) FirstEnergy Corp.
, through its subsidiaries, generates, transmits, and distributes electricity in the United States. It operates through Regulated Distribution and Regulated Transmission segments. The company owns and operates coal-fired, nuclear, hydroelectric, wind, and solar power generating facilities.
Recommended Stories Receive News & Ratings for FirstEnergy Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for FirstEnergy and related companies with MarketBeat.com's FREE daily email newsletter ..
