Research Analysts’ Weekly Ratings Updates for FirstEnergy (FE)

Several analysts have recently updated their ratings and price targets for FirstEnergy (NYSE: FE):

  • 1/15/2018 – FirstEnergy was downgraded by analysts at Zacks Investment Research from a “hold” rating to a “sell” rating. 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.”
  • 1/9/2018 – FirstEnergy was downgraded by analysts at Zacks Investment Research from a “buy” rating to a “hold” rating. According to Zacks, “Shares of FirstEnergy's have gained higher than the industry in the last six months. 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 equipments before the upcoming winter. The company is working to transform itself into a regulated company by mid of 2018. If the cold wave continue it will result in higher demand for heating purposes. However, high competition in the wholesale and retail electric markets can affect its top line. In addition, stringent regulatory norms, and intensifying competition are some of the headwinds.”
  • 1/3/2018 – FirstEnergy had its “buy” rating reaffirmed by analysts at Guggenheim. They now have a $47.00 price target on the stock.
  • 1/2/2018 – FirstEnergy was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “buy” rating. They now have a $34.00 price target on the stock. According to Zacks, “Shares of FirstEnergy's have gained higher than the industry in the last six months. 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 equipments before the upcoming winter. The company is working to transform itself into a regulated company by mid of 2018. However, high competition in the wholesale and retail electric markets can affect its top line. In addition, stringent regulatory norms, mild weather and intensifying competition are some of the headwinds.”

Shares of FirstEnergy Corp. (FE) opened at $29.92 on Wednesday. The firm has a market cap of $13,310.00, a P/E ratio of -2.54 and a beta of 0.25. FirstEnergy Corp. has a one year low of $27.93 and a one year high of $35.22. The company has a debt-to-equity ratio of 3.29, a current ratio of 0.69 and a quick ratio of 0.56.

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

The firm also recently declared a quarterly dividend, which will be paid on Thursday, March 1st. Shareholders of record on Wednesday, February 7th will be paid a dividend of $0.36 per share. This represents a $1.44 annualized dividend and a dividend yield of 4.81%. FirstEnergy’s dividend payout ratio (DPR) is presently -12.23%.

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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