FirstEnergy Corp. (NYSE:FE) Shares Acquired by Aquatic Capital Management LLC

Aquatic Capital Management LLC lifted its position in shares of FirstEnergy Corp. (NYSE:FE - Free Report) by 149.7% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 136,355 shares of the utilities provider's stock after purchasing an additional 81,755 shares during the period. Aquatic Capital Management LLC's holdings in FirstEnergy were worth $5,424,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. Covestor Ltd boosted its position in shares of FirstEnergy by 69.3% during the 4th quarter. Covestor Ltd now owns 623 shares of the utilities provider's stock worth $25,000 after acquiring an additional 255 shares in the last quarter. Kestra Investment Management LLC purchased a new stake in FirstEnergy during the fourth quarter worth approximately $26,000. Lee Danner & Bass Inc. acquired a new position in FirstEnergy in the fourth quarter valued at approximately $26,000. WASHINGTON TRUST Co increased its stake 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 purchasing an additional 586 shares during the last quarter. Finally, Bernard Wealth Management Corp. purchased a new position in FirstEnergy in the fourth quarter valued at approximately $31,000. Institutional investors and hedge funds own 89.41% of the company's stock.

FirstEnergy Price Performance

Shares of FE opened at $42.36 on Friday. The company has a current ratio of 0.56, a quick ratio of 0.46 and a debt-to-equity ratio of 1.58. The stock's 50 day moving average is $40.20 and its two-hundred day moving average is $40.68. FirstEnergy Corp. has a twelve month low of $37.58 and a twelve month high of $44.97. The firm has a market capitalization of $24.43 billion, a PE ratio of 27.33, a P/E/G ratio of 2.07 and a beta of 0.41.

FirstEnergy (NYSE:FE - Get Free Report) last posted its quarterly earnings results on Wednesday, April 23rd. The utilities provider reported $0.67 earnings per share for the quarter, beating analysts' consensus estimates of $0.60 by $0.07. The firm had revenue of $3.80 billion for the quarter, compared to the consensus estimate of $3.68 billion. FirstEnergy had a return on equity of 11.38% and a net margin of 6.64%. Research analysts anticipate that FirstEnergy Corp. will post 2.66 earnings per share for the current year.

FirstEnergy Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Sunday, June 1st. Investors 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 is Wednesday, May 7th. This represents a $1.78 annualized dividend and a dividend yield of 4.20%. FirstEnergy's dividend payout ratio (DPR) is 94.68%.

Wall Street Analyst Weigh In

FE has been the subject of a number of research analyst reports. Morgan Stanley reissued an "overweight" rating on shares of FirstEnergy in a research report on Wednesday. Bank of America raised FirstEnergy from an "underperform" rating to a "neutral" rating and increased their price objective for the company from $42.00 to $45.00 in a report on Wednesday. Scotiabank reaffirmed an "outperform" rating on shares of FirstEnergy in a report on Friday. Wells Fargo & Company upped their price target on shares of FirstEnergy from $41.00 to $44.00 and gave the company an "equal weight" rating in a research report on Friday. Finally, UBS Group raised their price objective on shares of FirstEnergy from $41.00 to $43.00 and gave the stock a "neutral" rating in a research report on Friday, March 21st. Ten analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus target price of $45.75.

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.

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