DRW Securities LLC Makes New $1.15 Million Investment in FirstEnergy Corp. (NYSE:FE)

DRW Securities LLC purchased a new position in FirstEnergy Corp. (NYSE:FE - Free Report) during the 3rd quarter, according to its most recent 13F filing with the SEC. The firm purchased 26,012 shares of the utilities provider's stock, valued at approximately $1,154,000.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the stock. ST Germain D J Co. Inc. boosted its stake in FirstEnergy by 1,138.9% during the 2nd quarter. ST Germain D J Co. Inc. now owns 669 shares of the utilities provider's stock worth $26,000 after acquiring an additional 615 shares during the last quarter. Livelsberger Financial Advisory bought a new stake in shares of FirstEnergy in the third quarter worth about $26,000. Strategic Investment Solutions Inc. IL bought a new position in shares of FirstEnergy during the 2nd quarter valued at about $32,000. Western Pacific Wealth Management LP acquired a new position in shares of FirstEnergy in the 1st quarter valued at approximately $36,000. Finally, West Oak Capital LLC bought a new stake in FirstEnergy during the 2nd quarter worth approximately $38,000. Institutional investors own 89.41% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently issued reports on FE shares. JPMorgan Chase & Co. increased their price objective on shares of FirstEnergy from $45.00 to $46.00 and gave the stock a "neutral" rating in a research report on Friday, October 18th. Morgan Stanley dropped their price target on FirstEnergy from $52.00 to $50.00 and set an "overweight" rating on the stock in a research note on Friday. Barclays increased their price objective on FirstEnergy from $40.00 to $46.00 and gave the stock an "equal weight" rating in a report on Monday, October 7th. KeyCorp boosted their target price on FirstEnergy from $47.00 to $48.00 and gave the company an "overweight" rating in a research note on Tuesday, October 22nd. Finally, Seaport Res Ptn cut shares of FirstEnergy from a "strong-buy" rating to a "hold" rating in a research note on Thursday, October 31st. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Hold" and an average price target of $45.91.

FirstEnergy Stock Performance

Shares of FirstEnergy stock traded up $0.23 during trading on Tuesday, reaching $42.28. The company's stock had a trading volume of 1,801,099 shares, compared to its average volume of 2,937,502. 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's 50-day moving average price is $42.80 and its 200-day moving average price is $41.48. FirstEnergy Corp. has a 52 week low of $35.41 and a 52 week high of $44.97. The firm has a market cap of $24.37 billion, a PE ratio of 27.28, a P/E/G ratio of 2.25 and a beta of 0.51.

FirstEnergy (NYSE:FE - Get Free Report) last posted its quarterly earnings data on Tuesday, October 29th. The utilities provider reported $0.85 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.90 by ($0.05). FirstEnergy had a net margin of 6.64% and a return on equity of 11.38%. The business had revenue of $3.73 billion during the quarter, compared to the consensus estimate of $3.96 billion. During the same period in the prior year, the firm earned $0.88 EPS. The business's revenue for the quarter was up 6.9% on a year-over-year basis. Equities analysts forecast that FirstEnergy Corp. will post 2.68 earnings per share for the current year.

FirstEnergy Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Sunday, December 1st. Investors of record on Thursday, November 7th will be paid a $0.425 dividend. This represents a $1.70 dividend on an annualized basis and a yield of 4.02%. The ex-dividend date of this dividend is Thursday, November 7th. FirstEnergy's dividend payout ratio (DPR) is presently 109.68%.

About FirstEnergy

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.