Deutsche Bank Maintains FirstEnergy Corp. to Hold with Price Target $38.00

Brokerage firm Deutsche Bank Maintains its rating on FirstEnergy Corp.(NYSE:FE). In a research note issued to the investors, the brokerage major Lowers the price-target to $38.00 per share. The shares have been rated Hold. The rating by Deutsche Bank was issued on Aug 1, 2016.

In a different note, On Jul 26, 2016, Goldman Sachs said it Downgrades its rating on FirstEnergy Corp.. In the research note, the firm Lowers the price-target to $36.00 per share. The shares have been rated ‘Sell’ by the firm. On Jul 20, 2016, Citigroup said it Maintains its rating on FirstEnergy Corp.. In the research note, the firm Raises the price-target to $28.00 per share. The shares have been rated ‘Sell’ by the firm. On Jul 7, 2016, Jefferies said it Maintains its rating on FirstEnergy Corp.. In the research note, the firm Raises the price-target to $35.00 per share. The shares have been rated ‘Hold’ by the firm. On May 9, 2016, Barclays said it Maintains its rating on FirstEnergy Corp.. In the research note, the firm Raises the price-target to $33.00 per share. The shares have been rated ‘Equal-weight’ by the firm.

FirstEnergy Corp. (FE) made into the market gainers list on Mondays trading session with the shares advancing 1.36% or 0.44 points. Due to strong positive momentum, the stock ended at $32.87, which is also near the day’s high of $33.22. The stock began the session at $33 and the volume stood at 47,39,863 shares. The 52-week high of the shares is $36.6 and the 52 week low is $28.89. The company has a current market capitalization of $13,976 M and it has 42,51,98,230 shares in outstanding.

FirstEnergy Corp.(FE) last announced its earnings results on Jul 28, 2016 for Fiscal Year 2016 and Q2.Company reported revenue of $3.40B. Analysts had an estimated revenue of $3.57B. Earnings per share were $0.56. Analysts had estimated an EPS of $0.54.

Several Insider Transactions has been reported to the SEC. On Mar 16, 2016, Steven E Strah (Sr VP & President FE Utilities) purchased 560 shares at $35.59 per share price.Also, On May 8, 2015, Donald R Schneider (President, FE Solutions) sold 10,775 shares at $34.63 per share price.On May 4, 2015, Anthony J Alexander (Executive Chairman) sold 54,436 shares at $36.85 per share price, according to the Form-4 filing with the securities and exchange commission.

FirstEnergy Corp. is a holding company. The Company operates through three segments: Regulated Distribution Regulated Transmission and Competitive Energy Services (CES). The Regulated Distribution segment distributes electricity through its 10 utility operating companies serving customers within 65000 square miles of Ohio Pennsylvania West Virginia Maryland New Jersey and New York. The Regulated Transmission segment transmits electricity through transmission facilities. The CES segment supplies electricity to end-use customers through retail and wholesale arrangements including retail sales to customers in Ohio Pennsylvania Illinois Michigan New Jersey and Maryland. The Company’s principal subsidiaries include Ohio Edison Company The Cleveland Electric Illuminating Company The Toledo Edison Company Metropolitan Edison Company Pennsylvania Electric Company FirstEnergy Service Company FirstEnergy Solutions Corp. Allegheny Energy Supply Company LLC among others.

Comments (0)

Leave a Reply

Your email address will not be published. Required fields are marked *