FirstEnergy (NYSE:FE) Price Target Raised to $47.00 at Evercore ISI

FirstEnergy (NYSE:FE - Get Free Report) had its price target increased by stock analysts at Evercore ISI from $41.00 to $47.00 in a research report issued on Monday,Benzinga reports. The brokerage currently has an "outperform" rating on the utilities provider's stock. Evercore ISI's target price suggests a potential upside of 11.63% from the stock's current price.

FE has been the topic of a number of other research reports. Wolfe Research lowered shares of FirstEnergy from an "outperform" rating to a "peer perform" rating in a report on Thursday, January 23rd. UBS Group raised their target price on FirstEnergy from $41.00 to $43.00 and gave the company a "neutral" rating in a report on Friday, March 21st. Wells Fargo & Company upped their price target on FirstEnergy from $41.00 to $44.00 and gave the stock an "equal weight" rating in a report on Friday. Scotiabank restated an "outperform" rating on shares of FirstEnergy in a research note on Friday. Finally, Guggenheim upped their target price on shares of FirstEnergy from $45.00 to $47.00 and gave the stock a "buy" rating in a research note on Monday, April 7th. Ten equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of "Hold" and a consensus target price of $45.85.

FirstEnergy Stock Down 0.6 %

NYSE FE traded down $0.24 on Monday, hitting $42.10. 277,043 shares of the company were exchanged, compared to its average volume of 5,394,688. The company has a current ratio of 0.56, a quick ratio of 0.46 and a debt-to-equity ratio of 1.58. The company has a market cap of $24.28 billion, a PE ratio of 27.16, a PEG ratio of 2.07 and a beta of 0.41. The stock has a fifty day moving average of $40.20 and a 200-day moving average of $40.67. FirstEnergy has a 12 month low of $37.58 and a 12 month high of $44.97.

FirstEnergy (NYSE:FE - Get Free Report) last released its quarterly earnings data on Wednesday, April 23rd. The utilities provider reported $0.67 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.60 by $0.07. FirstEnergy had a net margin of 6.64% and a return on equity of 11.38%. The company had revenue of $3.80 billion for the quarter, compared to analysts' expectations of $3.68 billion. As a group, analysts forecast that FirstEnergy will post 2.66 earnings per share for the current year.

Hedge Funds Weigh In On FirstEnergy

Several hedge funds have recently bought and sold shares of the company. Covestor Ltd boosted its position in shares of FirstEnergy by 69.3% during the 4th quarter. Covestor Ltd now owns 623 shares of the utilities provider's stock valued at $25,000 after acquiring an additional 255 shares during the last quarter. Kestra Investment Management LLC bought a new stake in shares of FirstEnergy during the 4th quarter worth $26,000. Lee Danner & Bass Inc. purchased a new position in FirstEnergy in the fourth quarter worth $26,000. WASHINGTON TRUST Co raised its position in FirstEnergy by 293.0% during 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 in the last quarter. Finally, Bernard Wealth Management Corp. bought a new stake in FirstEnergy during the fourth quarter worth about $31,000. Hedge funds and other institutional investors own 89.41% of the company's stock.

About FirstEnergy

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.

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