Brighton Jones LLC Acquires New Stake in FirstEnergy Corp. (NYSE:FE)

Brighton Jones LLC acquired a new position in shares of FirstEnergy Corp. (NYSE:FE - Free Report) during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 6,441 shares of the utilities provider's stock, valued at approximately $256,000.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Livelsberger Financial Advisory purchased a new position in FirstEnergy in the 3rd quarter valued at about $26,000. True Wealth Design LLC increased its holdings in FirstEnergy by 4,571.4% during the 3rd quarter. True Wealth Design LLC now owns 654 shares of the utilities provider's stock worth $29,000 after purchasing an additional 640 shares during the last quarter. Strategic Investment Solutions Inc. IL acquired a new position in shares of FirstEnergy in the 2nd quarter valued at approximately $32,000. Quarry LP raised its position in shares of FirstEnergy by 59.1% in the 3rd quarter. Quarry LP now owns 861 shares of the utilities provider's stock valued at $38,000 after purchasing an additional 320 shares in the last quarter. Finally, UMB Bank n.a. boosted its stake in shares of FirstEnergy by 48.4% during the 3rd quarter. UMB Bank n.a. now owns 997 shares of the utilities provider's stock valued at $44,000 after buying an additional 325 shares during the last quarter. Hedge funds and other institutional investors own 89.41% of the company's stock.

Analyst Ratings Changes

FE has been the topic of several research analyst reports. Wolfe Research cut shares of FirstEnergy from an "outperform" rating to a "peer perform" rating in a research report on Thursday, January 23rd. Jefferies Financial Group began coverage on FirstEnergy in a report on Monday, October 14th. They set a "hold" rating and a $46.00 target price on the stock. JPMorgan Chase & Co. boosted their price target on FirstEnergy from $45.00 to $46.00 and gave the company a "neutral" rating in a report on Friday, October 18th. Seaport Res Ptn cut FirstEnergy from a "strong-buy" rating to a "hold" rating in a research note on Thursday, October 31st. Finally, Barclays boosted their target price on shares of FirstEnergy from $40.00 to $46.00 and gave the company an "equal weight" rating in a research note on Monday, October 7th. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating and five have given a buy rating to the company's stock. According to MarketBeat, the stock has a consensus rating of "Hold" and a consensus target price of $46.27.

FirstEnergy Trading Down 1.7 %

NYSE FE traded down $0.69 during trading on Tuesday, reaching $40.20. 4,678,363 shares of the stock traded hands, compared to its average volume of 3,203,363. The stock's 50-day moving average price is $40.34 and its 200 day moving average price is $41.83. 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 firm has a market cap of $23.17 billion, a price-to-earnings ratio of 25.93, a price-to-earnings-growth ratio of 1.97 and a beta of 0.52. FirstEnergy Corp. has a fifty-two week low of $35.41 and a fifty-two week high of $44.97.

FirstEnergy (NYSE:FE - Get Free Report) last released its quarterly earnings results on Tuesday, October 29th. The utilities provider reported $0.85 earnings per share for the quarter, missing the consensus estimate of $0.90 by ($0.05). The company had revenue of $3.73 billion during the quarter, compared to analyst estimates of $3.96 billion. FirstEnergy had a net margin of 6.64% and a return on equity of 11.38%. The firm's quarterly revenue was up 6.9% compared to the same quarter last year. During the same quarter last year, the company earned $0.88 EPS. Analysts predict that FirstEnergy Corp. will post 2.67 EPS for the current year.

FirstEnergy Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Saturday, March 1st. Shareholders of record on Friday, February 7th will be paid a $0.425 dividend. The ex-dividend date is Friday, February 7th. This represents a $1.70 annualized dividend and a yield of 4.23%. FirstEnergy's payout ratio is currently 109.68%.

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.