Analysts Set FirstEnergy Corp. (NYSE:FE) Target Price at $46.27

Shares of FirstEnergy Corp. (NYSE:FE - Get Free Report) have received an average rating of "Hold" from the thirteen analysts that are covering the stock, Marketbeat reports. One investment analyst has rated the stock with a sell recommendation, seven have given a hold recommendation and five have assigned a buy recommendation to the company. The average 1 year price objective among brokers that have covered the stock in the last year is $46.27.

A number of research analysts recently weighed in on the stock. Wolfe Research lowered shares of FirstEnergy from an "outperform" rating to a "peer perform" rating in a research note on Thursday, January 23rd. Jefferies Financial Group began coverage on FirstEnergy in a research report on Monday, October 14th. They issued a "hold" rating and a $46.00 price target for the company. KeyCorp dropped their price objective on FirstEnergy from $48.00 to $47.00 and set an "overweight" rating on the stock in a report on Wednesday, December 4th. Seaport Res Ptn lowered FirstEnergy from a "strong-buy" rating to a "hold" rating in a report on Thursday, October 31st. Finally, JPMorgan Chase & Co. increased their price target on shares of FirstEnergy from $45.00 to $46.00 and gave the stock a "neutral" rating in a report on Friday, October 18th.

Hedge Funds Weigh In On FirstEnergy

Several institutional investors have recently modified their holdings of the company. Livelsberger Financial Advisory purchased a new position in shares of FirstEnergy in the third quarter worth about $26,000. Kestra Investment Management LLC bought a new position in FirstEnergy during the 4th quarter worth approximately $26,000. True Wealth Design LLC increased its stake in FirstEnergy by 4,571.4% in the 3rd quarter. True Wealth Design LLC now owns 654 shares of the utilities provider's stock worth $29,000 after purchasing an additional 640 shares during the period. WASHINGTON TRUST Co lifted its position in FirstEnergy by 293.0% in the fourth quarter. WASHINGTON TRUST Co now owns 786 shares of the utilities provider's stock valued at $31,000 after purchasing an additional 586 shares during the last quarter. Finally, SBI Securities Co. Ltd. purchased a new stake in shares of FirstEnergy during the fourth quarter valued at approximately $33,000. 89.41% of the stock is currently owned by institutional investors.

FirstEnergy Stock Performance

NYSE:FE traded down $0.11 on Monday, reaching $40.12. 5,338,865 shares of the company's stock were exchanged, compared to its average volume of 3,674,686. The firm has a market cap of $23.12 billion, a price-to-earnings ratio of 25.88, a P/E/G ratio of 1.99 and a beta of 0.52. The company has a debt-to-equity ratio of 1.58, a current ratio of 0.56 and a quick ratio of 0.46. The stock has a fifty day simple moving average of $40.05 and a 200-day simple moving average of $41.84. FirstEnergy has a 52 week low of $35.41 and a 52 week high of $44.97.

FirstEnergy Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Saturday, March 1st. Stockholders of record on Friday, February 7th will be issued a dividend of $0.425 per share. This represents a $1.70 dividend on an annualized basis and a dividend yield of 4.24%. The ex-dividend date of this dividend is Friday, February 7th. FirstEnergy's dividend payout ratio is currently 109.68%.

FirstEnergy Company Profile

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.