FirstEnergy Corp. (FE) Closed its Previous Trade at $31.1

Investment analysts at KeyCorp issued their Q2 2017 earnings per share (EPS) estimates for FirstEnergy Corporation in a report released on Monday. TX's holdings in FirstEnergy Corporation were worth $2,484,000 as of its most recent filing with the SEC. Thrivent Financial for Lutherans now owns 15,338 shares of the utilities provider's stock worth $475,000 after buying an additional 1,040 shares in the last quarter. UBS Asset Management Americas Inc. now owns 1,569,047 shares of the utilities provider's stock worth $48,593,000 after buying an additional 242,727 shares in the last quarter. Kentucky Retirement Systems purchased a new stake in FirstEnergy Corporation during the fourth quarter worth $957,000. Finally, Huntington National Bank increased its position in FirstEnergy Corporation by 22.0% in the second quarter. Huntington National Bank now owns 16,477 shares of the utilities provider's stock valued at $480,000 after buying an additional 2,975 shares during the period. Strs Ohio raised its stake in FirstEnergy Corporation by 11.3% in the second quarter. Two analysts have provided estimates for FirstEnergy Corporation's earnings, with the lowest EPS estimate coming in at $0.58 and the highest estimate coming in at $0.67.

Institutional investors have recently made changes to their positions in the stock.

Shares of FirstEnergy Corporation (NYSE:FE) opened at 31.10 on Thursday. FirstEnergy Corporation has a 52-week low of $27.93 and a 52-week high of $35.25. The stock's valuation is $13.88 B. The stock's 50 Day SMA is $29.78 and its 200 SMA is $30.24. The utilities provider reported $0.61 earnings per share for the quarter, topping the Thomson Reuters' consensus estimate of $0.60 by $0.01. FirstEnergy Corporation had a positive return on equity of 12.79% and a negative net margin of 44.23%. The business had revenue of $3.30 billion during the quarter, compared to the consensus estimate of $3.38 billion. The company's revenue for the quarter was down 3.0% on a year-over-year basis. Shareholders of record on Monday, August 7th will be paid a $0.36 dividend. The ex-dividend date of this dividend is Thurs, Aug 3rd. This represents a $1.44 annualized dividend and a dividend yield of 4.63%.

For the current quarter ending in October, FirstEnergy expects its per-share earnings to range from 75 cents to 90 cents. Finally, Chevy Chase Trust Holdings Inc. increased its position in shares of FirstEnergy Corporation by 6.5% in the first quarter.

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FE has been the subject of several analyst reports. Jefferies restated a "hold" recommendation and fixed a $32.00 price objective on the stock of FirstEnergy Corporation in a note on Fri, Mar 31st. Morgan Stanley lowered their price objective on shares of FirstEnergy Corporation from $40.00 to $39.00 and set an "overweight" rating for the company in a research note on Monday, May 8th. Citigroup Inc. reissued a neutral rating and issued a $34.00 target price (up from $32.00) on shares of FirstEnergy Corporation in a research report on Saturday, April 22nd. Barclays PLC reaffirmed an "equal weight" rating and set a $38.00 price target (up from $35.00) on shares of FirstEnergy Corporation in a report on Sunday, April 23rd. One equities research analyst has rated the stock with a sell rating, thirteen have assigned a hold rating and five have issued a buy rating to the company. The stock has a average recommendation of "Hold" and an average price target of $33.95. Tudor Pickering raised its rating on FirstEnergy Hold on 14/07/2017 in a reversal from its prior Trim rating. The Company is engaged in holding, directly or indirectly, all of the outstanding equity of its principal subsidiaries.

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