Susquehanna Fundamental Investments LLC Purchases New Position in FirstEnergy Corp. (NYSE:FE)

Susquehanna Fundamental Investments LLC bought a new position in FirstEnergy Corp. (NYSE:FE - Free Report) in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm bought 466,815 shares of the utilities provider's stock, valued at approximately $18,570,000. Susquehanna Fundamental Investments LLC owned 0.08% of FirstEnergy at the end of the most recent reporting period.

A number of other institutional investors have also recently bought and sold shares of the business. Covestor Ltd raised its holdings in shares of FirstEnergy by 69.3% in the 4th quarter. Covestor Ltd now owns 623 shares of the utilities provider's stock worth $25,000 after buying an additional 255 shares in the last quarter. Kestra Investment Management LLC bought a new stake in FirstEnergy in the fourth quarter valued at $26,000. Lee Danner & Bass Inc. acquired a new position in FirstEnergy during the fourth quarter worth $26,000. WASHINGTON TRUST Co lifted its holdings in shares of FirstEnergy by 293.0% during the fourth quarter. WASHINGTON TRUST Co now owns 786 shares of the utilities provider's stock valued at $31,000 after acquiring an additional 586 shares during the period. Finally, Bernard Wealth Management Corp. acquired a new stake in shares of FirstEnergy in the 4th quarter valued at $31,000. Institutional investors and hedge funds own 89.41% of the company's stock.

FirstEnergy Trading Up 1.0 %

FE stock traded up $0.41 during midday trading on Tuesday, reaching $43.13. The stock had a trading volume of 4,527,777 shares, compared to its average volume of 3,560,688. The firm has a market cap of $24.87 billion, a price-to-earnings ratio of 27.83, a PEG ratio of 2.07 and a beta of 0.41. FirstEnergy Corp. has a twelve month low of $37.58 and a twelve month high of $44.97. The company has a quick ratio of 0.46, a current ratio of 0.56 and a debt-to-equity ratio of 1.58. The business has a fifty day simple moving average of $40.24 and a two-hundred day simple moving average of $40.67.

FirstEnergy (NYSE:FE - Get Free Report) last issued its quarterly earnings results on Wednesday, April 23rd. The utilities provider reported $0.67 EPS for the quarter, topping the consensus estimate of $0.60 by $0.07. FirstEnergy had a net margin of 6.64% and a return on equity of 11.38%. The company had revenue of $3.80 billion during the quarter, compared to analysts' expectations of $3.68 billion. During the same quarter in the previous year, the company earned $0.55 EPS. FirstEnergy's revenue was up 14.5% on a year-over-year basis. As a group, research analysts expect that FirstEnergy Corp. will post 2.66 EPS for the current fiscal year.

FirstEnergy Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Sunday, June 1st. Stockholders of record on Wednesday, May 7th will be paid a $0.445 dividend. The ex-dividend date is Wednesday, May 7th. This represents a $1.78 dividend on an annualized basis and a dividend yield of 4.13%. This is an increase from FirstEnergy's previous quarterly dividend of $0.43. FirstEnergy's dividend payout ratio is 94.68%.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently issued reports on FE shares. Mizuho set a $43.00 target price on shares of FirstEnergy in a research report on Monday. UBS Group raised their price objective on shares of FirstEnergy from $41.00 to $43.00 and gave the stock a "neutral" rating in a report on Friday, March 21st. Wells Fargo & Company boosted their target price on FirstEnergy from $41.00 to $44.00 and gave the stock an "equal weight" rating in a report on Friday. Wolfe Research cut FirstEnergy from an "outperform" rating to a "peer perform" rating in a report on Thursday, January 23rd. Finally, Scotiabank reiterated an "outperform" rating on shares of FirstEnergy in a research report on Friday. Ten equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. According to MarketBeat, FirstEnergy currently has a consensus rating of "Hold" and a consensus price target of $46.00.

FirstEnergy Profile

FirstEnergy Corp., through its subsidiaries, generates, transmits, and distributes electricity in the United States. It operates through Regulated Distribution and Regulated Transmission segments. The company owns and operates coal-fired, nuclear, hydroelectric, wind, and solar power generating facilities.