FirstEnergy Corp. (FE) Traders Should Start Listening to Analysts

E&G Advisors LP's holdings in FirstEnergy Corporation were worth $204,000 at the end of the most recent quarter. The company had a trading volume of 5,909,171 shares. Campbell & CO Investment Adviser LLC raised its stake in FirstEnergy Corporation by 58.4% in the second quarter. Public Employees Retirement Association of Colorado now owns 85,731 shares of the utilities provider's stock worth $2,500,000 after buying an additional 476 shares during the last quarter. BP PLC acquired a new position in FirstEnergy Corporation during the first quarter worth approximately $1,591,000. Finally, Kentucky Retirement Systems Insurance Trust Fund purchased a new stake in FirstEnergy Corporation during the fourth quarter worth $427,000. Gulf International Bank UK Ltd now owns 136,769 shares of the utilities provider's stock worth $4,351,000 after buying an additional 1,700 shares in the last quarter. Teachers Advisors LLC raised its stake in FirstEnergy Corporation by 3.3% in the fourth quarter.

Currently, EPS of FirstEnergy Corp.

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

FirstEnergy Corporation (NYSE:FE) opened at 31.10 on Wednesday.

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CrestPoint Capital Management bought a new stake in stocks of FirstEnergy Corporation (NYSE:FE) through out the Fiscal Q2, based on the latest 13F document with the Security and Exchange Commission. According to these analysts, the Low Revenue Estimate for FirstEnergy Corp.is 3.17 Billion and the High Revenue Estimate is 3.6 Billion.

The difference of 52 week low value as well as 52 week high value and the current price of the stock suggests the next move of the shares.

FirstEnergy Corporation (NYSE:FE) last issued its quarterly earnings data on Thursday, April 27th. The utilities provider reported $0.78 earnings per share (EPS) for the quarter, beating the Thomson Reuters' consensus estimate of $0.71 by $0.07. The firm had revenue of $3.30 billion for the quarter, compared to the consensus estimate of $3.38 billion. Company has far performed well this year, with the share price up 0.42% since January. Equities analysts forecast that FirstEnergy Corporation will post $2.80 earnings per share for the current year.

As of late the company also disclosed a divided for the quarter, expected to be paid on early Fri, Sep 1st. Shareholders of record on Monday, August 7th will be paid a dividend of $0.36 per share. The ex-dividend date of this dividend is Thurs, Aug 3rd. FirstEnergy Corporation's yield ratio (DPR) is presently -9.83%. FirstEnergy Corporation's dividend payout ratio is now -9.83%. "TX" was originally published by BNB Daily and is the property of of BNB Daily. If you are reading this piece of content on another site, it was copied illegally and republished in violation of United States & global trademark & copyright law. The legal version of this report can be read at https://www.chaffeybreeze.com/2017/07/27/eg-advisors-lp-has-204000-position-in-firstenergy-corporation-fe.html. Wolfe Research raised shares of FirstEnergy Corporation from an "underperform" rating to a "market perform" rating and raised their price target for the stock from $30.00 to $32.00 in a research note on Monday, June 26th. Citigroup Inc. reaffirmed a "neutral" rating and issued a $34.00 target price (up from $32.00) on shares of FirstEnergy Corporation in a research note on Saturday, April 22nd. Finally, J P Morgan Chase & Co lowered shares of FirstEnergy Corporation from an "overweight" rating to a "neutral" rating and reduced their price objective for the company from $36.00 to $32.00 in a research note on Monday, May 1st. One analyst has rated the stock with a sell rating, thirteen have issued a hold rating and five have issued a buy rating to the stock. The average volume of a stock suggests the liquidity of a particular company. For the next 5 years, FirstEnergy Corp.is expecting Growth of -4.19% per annum, whereas in the past 5 years the growth was -4.08% per annum. The Company is engaged in holding, directly or indirectly, all of the outstanding equity of its principal subsidiaries.

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