Canada Post Corp Registered Pension Plan Invests $3.61 Million in FirstEnergy Corp. (NYSE:FE)

Canada Post Corp Registered Pension Plan purchased a new stake in shares of FirstEnergy Corp. (NYSE:FE - Free Report) during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm purchased 90,862 shares of the utilities provider's stock, valued at approximately $3,614,000.

Other institutional investors have also recently bought and sold shares of the company. Covestor Ltd increased its stake in FirstEnergy by 69.3% in the fourth quarter. Covestor Ltd now owns 623 shares of the utilities provider's stock valued at $25,000 after acquiring an additional 255 shares during the period. Kestra Investment Management LLC acquired a new position in shares of FirstEnergy in the 4th quarter worth approximately $26,000. Lee Danner & Bass Inc. bought a new position in shares of FirstEnergy during the 4th quarter worth approximately $26,000. WASHINGTON TRUST Co grew its position in FirstEnergy by 293.0% in 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 position in FirstEnergy during the fourth quarter worth $31,000. Institutional investors own 89.41% of the company's stock.

Analyst Ratings Changes

FE has been the topic of several analyst reports. Wells Fargo & Company lowered their target price on shares of FirstEnergy from $48.00 to $41.00 and set an "equal weight" rating on the stock in a report on Friday, February 28th. Scotiabank dropped their price objective on shares of FirstEnergy from $50.00 to $44.00 and set a "sector outperform" rating for the company in a report on Friday, February 28th. Wolfe Research downgraded FirstEnergy from an "outperform" rating to a "peer perform" rating in a report on Thursday, January 23rd. UBS Group raised their price target on FirstEnergy from $41.00 to $43.00 and gave the company a "neutral" rating in a report on Friday, March 21st. Finally, Guggenheim boosted their price objective on FirstEnergy from $45.00 to $47.00 and gave the stock a "buy" rating in a research note on Monday, April 7th. One investment analyst has rated the stock with a sell rating, nine have assigned a hold rating and five have issued a buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of "Hold" and a consensus target price of $45.17.

FirstEnergy Trading Up 2.6 %

FE traded up $1.07 during midday trading on Friday, reaching $41.87. 8,445,299 shares of the company were exchanged, compared to its average volume of 3,477,352. The company has a debt-to-equity ratio of 1.58, a quick ratio of 0.46 and a current ratio of 0.56. The stock has a market capitalization of $24.14 billion, a P/E ratio of 27.01, a PEG ratio of 2.07 and a beta of 0.41. The stock's 50-day simple moving average is $39.99 and its 200 day simple moving average is $40.73. FirstEnergy Corp. has a one year low of $37.58 and a one year high of $44.97.

FirstEnergy (NYSE:FE - Get Free Report) last issued its quarterly earnings data on Wednesday, February 26th. The utilities provider reported $0.67 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.70 by ($0.03). The firm had revenue of $3.20 billion for the quarter, compared to analyst estimates of $3.53 billion. FirstEnergy had a net margin of 6.64% and a return on equity of 11.38%. As a group, analysts forecast that FirstEnergy Corp. will post 2.66 earnings per share for the current fiscal year.

FirstEnergy Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Sunday, June 1st. Shareholders of record on Wednesday, May 7th will be paid a $0.445 dividend. This is a boost from FirstEnergy's previous quarterly dividend of $0.43. The ex-dividend date of this dividend is Wednesday, May 7th. This represents a $1.78 annualized dividend and a yield of 4.25%. FirstEnergy's payout ratio is presently 104.71%.

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.