Firstenergy Corp (NYSE:FE) Quarterly Sentiment Change Report

Marco Green
October 12, 2017

FirstEnergy Corporation (NYSE:FE) last announced its quarterly earnings data on Thursday, July 27th. FE's profit would be $382.13M giving it 9.17 P/E if the $0.86 EPS is correct.

FirstEnergy Corporation (FE) traded up 0.69% during midday trading on Thursday, reaching $32.05. FirstEnergy Corp. (NYSE:FE) has declined 12.70% since October 11, 2016 and is downtrending. It has underperformed by 29.40% the S&P500. The Firm is focused on the development and commercialization of a portfolio of product candidates to treat patients suffering from central nervous system diseases. The company has market cap of $327.32 million. The Firm operates through two divisions: animal nutrition and human nutrition.

Firstenergy Corp (NYSE:FE) institutional sentiment decreased to 1.21 in Q2 2017.

FirstEnergy Corp. has a consensus hold rating from 18 Wall Street analysts, and the number of shares now sold short amount to at least 2.6% of shares outstanding. 60 funds opened positions while 172 raised stakes. The hedge funds in our partner's database reported: 349.76 million shares, up from 341.28 million shares in 2017Q1.

Let's have a look at some of the important valuation ratios of the FirstEnergy Corporation (FE).

The counter witnessed a trading volume of 0.71 million shares versus an average volume of 1.03 million shares during last trading session. Macquarie Group Incorporated invested in 0.01% or 153,143 shares. Bb&T Securities Lc reported 94,459 shares. Grantham Mayo Van Otterloo And Co Limited Co accumulated 444,200 shares. 8,100 were reported by Intact Inv. Boston Advsr Ltd Com has invested 0.01% in FirstEnergy Corp. (NYSE:FE). Retirement Of Alabama has invested 0.03% in FirstEnergy Corp. (NYSE:FE). Sumitomo Mitsui Holdings Inc has 1.26M shares for 0.05% of their portfolio. Deutsche National Bank & Trust Ag holds 0.04% or 1.92 million shares. Lesa Sroufe has invested 3.5% in FirstEnergy Corp. Out of 16 Wall Street analysts rating FirstEnergy, 5 give it "Buy", 1 "Sell" rating, while 10 recommend "Hold".

Ratings analysis reveals 31% of FirstEnergy's analysts are positive.

FirstEnergy Corporation (FE) reported sales (ttm) of 14.15 Billion, whereas, 4 number of analysts estimated the mean sale of 3229.3 million. As per Friday, July 28, the company rating was maintained by BMO Capital Markets. Jefferies downgraded the shares of FE in report on Thursday, April 28 to "Hold" rating. The stock has "Sell" rating by Citigroup on Wednesday, July 20. The firm has "Hold" rating by Jefferies given on Friday, July 21. On Tuesday, October 18 the stock rating was upgraded by Citigroup to "Neutral". Barclays Capital downgraded FirstEnergy Corp. (NYSE:FE) has "Buy" rating given on Wednesday, September 2 by TheStreet. Barclays Capital has "Equal Weight" rating and $34 target. Finally, Evercore ISI upgraded shares of FirstEnergy Corporation from an "in-line" rating to an "outperform" rating and lifted their price target for the stock from $30.00 to $35.00 in a research note on Monday, August 14th. The firm earned "Neutral" rating on Monday, October 19 by Goldman Sachs. Analysts have placed a $34.47 price target on FirstEnergy Corp., suggesting a 9.12% gain from recent close. The market capitalization of the company is at $13.96 Billion. The Firm is engaged in holding, directly or indirectly, all of the outstanding equity of its principal subsidiaries. On average, equities analysts predict that FirstEnergy Corp. will post $2.80 earnings per share for the current fiscal year. Its segments include Regulated Distribution, Regulated Transmission, Competitive Energy Services (CES) and Corporate/Other. 2,475,868 shares of the company traded hands. Martingale Asset Mngmt Limited Partnership holds 1.06 million shares or 0.44% of its portfolio. Euclidean Technologies Management Llc owns 65,153 shares or 1.12% of their United States portfolio. The New York-based New Amsterdam Partners Llc Ny has invested 0.6% in the stock. Valley Natl Advisers, Pennsylvania-based fund reported 378 shares.

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