Jupiter Asset Management Ltd. raised its holdings in FirstEnergy Corp. (NYSE:FE - Free Report) by 18.0% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 389,285 shares of the utilities provider's stock after purchasing an additional 59,504 shares during the quarter. Jupiter Asset Management Ltd. owned about 0.07% of FirstEnergy worth $15,486,000 as of its most recent filing with the SEC.
A number of other institutional investors also recently bought and sold shares of FE. EverSource Wealth Advisors LLC increased its stake in shares of FirstEnergy by 23.9% during the fourth quarter. EverSource Wealth Advisors LLC now owns 2,107 shares of the utilities provider's stock worth $84,000 after acquiring an additional 406 shares during the period. Sequoia Financial Advisors LLC boosted its holdings in FirstEnergy by 6.5% in the 4th quarter. Sequoia Financial Advisors LLC now owns 33,944 shares of the utilities provider's stock valued at $1,350,000 after purchasing an additional 2,081 shares in the last quarter. HighTower Advisors LLC increased its position in FirstEnergy by 5.4% during the 4th quarter. HighTower Advisors LLC now owns 154,920 shares of the utilities provider's stock worth $6,163,000 after purchasing an additional 7,938 shares during the period. Moors & Cabot Inc. raised its stake in shares of FirstEnergy by 4.9% during the 4th quarter. Moors & Cabot Inc. now owns 9,113 shares of the utilities provider's stock worth $363,000 after buying an additional 425 shares in the last quarter. Finally, Morton Community Bank lifted its holdings in shares of FirstEnergy by 1.9% in the 4th quarter. Morton Community Bank now owns 90,386 shares of the utilities provider's stock valued at $3,596,000 after buying an additional 1,660 shares during the period. 89.41% of the stock is currently owned by institutional investors and hedge funds.
FirstEnergy Stock Performance
Shares of FE stock opened at $38.26 on Thursday. 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 fifty day moving average price of $39.93 and a 200 day moving average price of $41.52. The stock has a market cap of $22.06 billion, a PE ratio of 24.68, a P/E/G ratio of 2.07 and a beta of 0.48. FirstEnergy Corp. has a 1 year low of $36.81 and a 1 year high of $44.97.
FirstEnergy (NYSE:FE - Get Free Report) last released its quarterly earnings results on Wednesday, February 26th. The utilities provider reported $0.67 earnings per share for the quarter, missing the consensus estimate of $0.70 by ($0.03). The company had revenue of $3.20 billion for the quarter, compared to analysts' expectations of $3.53 billion. FirstEnergy had a return on equity of 11.38% and a net margin of 6.64%. Sell-side analysts forecast that FirstEnergy Corp. will post 2.66 earnings per share for the current fiscal year.
FirstEnergy Announces Dividend
The business also recently declared a quarterly dividend, which was paid on Saturday, March 1st. Shareholders of record on Friday, February 7th were given a dividend of $0.425 per share. This represents a $1.70 annualized dividend and a yield of 4.44%. The ex-dividend date of this dividend was Friday, February 7th. FirstEnergy's payout ratio is 100.00%.
Analyst Upgrades and Downgrades
Several analysts have recently commented on FE shares. Guggenheim reduced their price target on FirstEnergy from $52.00 to $45.00 and set a "buy" rating for the company in a report on Friday, February 28th. Scotiabank reduced their price target on 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 cut FirstEnergy from an "outperform" rating to a "peer perform" rating in a report on Thursday, January 23rd. Morgan Stanley reduced their price target on FirstEnergy from $52.00 to $50.00 and set an "overweight" rating for the company in a report on Friday, November 22nd. Finally, KeyCorp reduced their price target on FirstEnergy from $48.00 to $47.00 and set an "overweight" rating for the company in a report on Wednesday, December 4th. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating and six have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus price target of $45.33.
Check Out Our Latest Research Report on FirstEnergy
FirstEnergy Profile
(
Free Report)
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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