Charles Schwab Investment Management Inc. Buys 105,408 Shares of FirstEnergy Corp. (NYSE:FE)

Charles Schwab Investment Management Inc. increased its holdings in shares of FirstEnergy Corp. (NYSE:FE - Free Report) by 3.2% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 3,402,070 shares of the utilities provider's stock after purchasing an additional 105,408 shares during the quarter. Charles Schwab Investment Management Inc. owned approximately 0.59% of FirstEnergy worth $135,334,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Farther Finance Advisors LLC lifted its holdings in shares of FirstEnergy by 25.4% in the third quarter. Farther Finance Advisors LLC now owns 4,131 shares of the utilities provider's stock worth $183,000 after buying an additional 836 shares in the last quarter. Robeco Institutional Asset Management B.V. bought a new stake in FirstEnergy in the 3rd quarter valued at $754,000. QRG Capital Management Inc. increased its holdings in FirstEnergy by 11.8% in the 3rd quarter. QRG Capital Management Inc. now owns 12,728 shares of the utilities provider's stock valued at $564,000 after acquiring an additional 1,346 shares during the last quarter. Principal Financial Group Inc. lifted its stake in FirstEnergy by 5.2% in the 3rd quarter. Principal Financial Group Inc. now owns 617,768 shares of the utilities provider's stock worth $27,398,000 after purchasing an additional 30,769 shares in the last quarter. Finally, Tyler Stone Wealth Management boosted its holdings in shares of FirstEnergy by 94.4% during the 3rd quarter. Tyler Stone Wealth Management now owns 22,817 shares of the utilities provider's stock valued at $1,012,000 after purchasing an additional 11,081 shares during the last quarter. Institutional investors own 89.41% of the company's stock.

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Wall Street Analyst Weigh In

A number of equities research analysts recently commented on the company. KeyCorp decreased their target price on FirstEnergy from $48.00 to $47.00 and set an "overweight" rating on the stock in a research report on Wednesday, December 4th. Guggenheim decreased their price objective on FirstEnergy from $52.00 to $45.00 and set a "buy" rating on the stock in a report on Friday, February 28th. Wells Fargo & Company cut their target price on shares of FirstEnergy from $48.00 to $41.00 and set an "equal weight" rating for the company in a report on Friday, February 28th. Scotiabank decreased their price target on shares of FirstEnergy from $50.00 to $44.00 and set a "sector outperform" rating on the stock in a research note on Friday, February 28th. Finally, Wolfe Research lowered shares of FirstEnergy from an "outperform" rating to a "peer perform" rating in a research report on Thursday, January 23rd. One analyst has rated the stock with a sell rating, eight have assigned a hold rating and six have given a buy rating to the stock. According to data from MarketBeat, FirstEnergy presently has an average rating of "Hold" and an average target price of $45.33.

FirstEnergy Trading Down 0.6 %

Shares of NYSE:FE traded down $0.23 during trading hours on Tuesday, hitting $39.14. 6,693,614 shares of the company's stock traded hands, compared to its average volume of 3,045,811. The company has a debt-to-equity ratio of 1.58, a current ratio of 0.56 and a quick ratio of 0.46. The business has a fifty day moving average price of $39.97 and a 200-day moving average price of $41.57. FirstEnergy Corp. has a 1 year low of $36.81 and a 1 year high of $44.97. The firm has a market capitalization of $22.57 billion, a P/E ratio of 25.25, a price-to-earnings-growth ratio of 2.07 and a beta of 0.48.

FirstEnergy (NYSE:FE - Get Free Report) last announced its quarterly earnings data on Wednesday, February 26th. The utilities provider reported $0.67 EPS 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 business had revenue of $3.20 billion during the quarter, compared to the consensus estimate of $3.53 billion. Equities analysts expect that FirstEnergy Corp. will post 2.66 earnings per share for the current year.

FirstEnergy Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Saturday, March 1st. Shareholders of record on Friday, February 7th were given a $0.425 dividend. The ex-dividend date was Friday, February 7th. This represents a $1.70 annualized dividend and a yield of 4.34%. FirstEnergy's dividend payout ratio (DPR) is 100.00%.

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.