FirstEnergy Corp. (NYSE:FE) Shares Sold by Andra AP fonden

Andra AP fonden lessened its holdings in FirstEnergy Corp. (NYSE:FE - Free Report) by 67.8% during the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 23,700 shares of the utilities provider's stock after selling 49,900 shares during the quarter. Andra AP fonden's holdings in FirstEnergy were worth $943,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Wedge Capital Management L L P NC acquired a new stake in shares of FirstEnergy during the fourth quarter worth about $12,198,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its holdings in FirstEnergy by 7.9% in the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 2,346,263 shares of the utilities provider's stock worth $104,057,000 after purchasing an additional 171,955 shares during the period. DRW Securities LLC purchased a new position in shares of FirstEnergy during the 3rd quarter valued at approximately $1,154,000. Mirae Asset Global Investments Co. Ltd. lifted its holdings in FirstEnergy by 41.8% during the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 47,956 shares of the utilities provider's stock valued at $1,902,000 after purchasing an additional 14,129 shares in the last quarter. Finally, Whalen Wealth Management Inc. acquired a new stake in FirstEnergy in the 4th quarter worth about $664,000. Hedge funds and other institutional investors own 89.41% of the company's stock.

FirstEnergy Stock Performance

Shares of NYSE FE traded down $0.05 during midday trading on Tuesday, reaching $39.32. 3,016,128 shares of the company were exchanged, compared to its average volume of 3,031,739. The stock has a market cap of $22.68 billion, a P/E ratio of 25.34, a PEG ratio of 2.07 and a beta of 0.48. FirstEnergy Corp. has a 1 year low of $36.81 and a 1 year high of $44.97. The stock has a fifty day simple moving average of $39.97 and a 200 day simple moving average of $41.57. The company has a current ratio of 0.56, a quick ratio of 0.46 and a debt-to-equity ratio of 1.58.

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FirstEnergy (NYSE:FE - Get Free Report) last announced its earnings results on Wednesday, February 26th. The utilities provider reported $0.67 earnings per share for the quarter, missing the consensus estimate of $0.70 by ($0.03). FirstEnergy had a net margin of 6.64% and a return on equity of 11.38%. The company had revenue of $3.20 billion during the quarter, compared to analysts' expectations of $3.53 billion. On average, research analysts forecast that FirstEnergy Corp. will post 2.66 earnings per share for the current fiscal year.

FirstEnergy Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Saturday, March 1st. Stockholders of record on Friday, February 7th were issued a $0.425 dividend. This represents a $1.70 annualized dividend and a dividend yield of 4.32%. The ex-dividend date was Friday, February 7th. FirstEnergy's payout ratio is 100.00%.

Analysts Set New Price Targets

FE has been the subject of several recent research reports. Morgan Stanley reduced their price objective on FirstEnergy from $52.00 to $50.00 and set an "overweight" rating for the company in a research note on Friday, November 22nd. Guggenheim decreased their target price on FirstEnergy from $52.00 to $45.00 and set a "buy" rating on the stock in a research note on Friday, February 28th. KeyCorp dropped their price objective on shares of FirstEnergy from $48.00 to $47.00 and set an "overweight" rating for the company in a report on Wednesday, December 4th. Scotiabank reduced their price objective on shares of FirstEnergy from $50.00 to $44.00 and set a "sector outperform" rating on the stock in a report on Friday, February 28th. Finally, Wells Fargo & Company dropped their price target on shares of FirstEnergy from $48.00 to $41.00 and set an "equal weight" rating on the stock in a research note on Friday, February 28th. One analyst has rated the stock with a sell rating, eight have given a hold rating and six have given a buy rating to the company's stock. According to MarketBeat.com, the stock presently has a consensus rating of "Hold" and an average price target of $45.33.

FirstEnergy Company 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.