Forsta AP Fonden Purchases 12,900 Shares of FirstEnergy Corp. (NYSE:FE)

Forsta AP Fonden grew its position in shares of FirstEnergy Corp. (NYSE:FE - Free Report) by 9.9% during the fourth quarter, according to its most recent filing with the SEC. The firm owned 143,500 shares of the utilities provider's stock after acquiring an additional 12,900 shares during the period. Forsta AP Fonden's holdings in FirstEnergy were worth $5,708,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in the company. Livelsberger Financial Advisory bought a new stake in FirstEnergy during the third quarter worth about $26,000. True Wealth Design LLC lifted its holdings in shares of FirstEnergy by 4,571.4% during the third quarter. True Wealth Design LLC now owns 654 shares of the utilities provider's stock valued at $29,000 after purchasing an additional 640 shares during the last quarter. Strategic Investment Solutions Inc. IL bought a new stake in shares of FirstEnergy in the 2nd quarter worth approximately $32,000. Cedar Mountain Advisors LLC purchased a new stake in shares of FirstEnergy in the 4th quarter worth approximately $34,000. Finally, Quarry LP increased its position in FirstEnergy by 59.1% during the 3rd quarter. Quarry LP now owns 861 shares of the utilities provider's stock valued at $38,000 after buying an additional 320 shares in the last quarter. Institutional investors own 89.41% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have commented on the company. Scotiabank raised FirstEnergy from a "sector perform" rating to a "sector outperform" rating and boosted their target price for the stock from $45.00 to $50.00 in a report on Thursday, December 12th. Jefferies Financial Group started coverage on shares of FirstEnergy in a research report on Monday, October 14th. They set a "hold" rating and a $46.00 price objective on the stock. Barclays lifted their target price on shares of FirstEnergy from $40.00 to $46.00 and gave the stock an "equal weight" rating in a report on Monday, October 7th. Seaport Res Ptn cut shares of FirstEnergy from a "strong-buy" rating to a "hold" rating in a report on Thursday, October 31st. Finally, KeyCorp reduced their price target on shares of FirstEnergy from $48.00 to $47.00 and set an "overweight" rating for the company in a research report on Wednesday, December 4th. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating and five have issued a buy rating to the company. According to MarketBeat, the company has an average rating of "Hold" and an average price target of $46.27.

FirstEnergy Stock Performance

Shares of NYSE FE traded up $0.01 during midday trading on Tuesday, hitting $40.01. 4,403,947 shares of the stock traded hands, compared to its average volume of 3,502,070. The company has a debt-to-equity ratio of 1.58, a quick ratio of 0.46 and a current ratio of 0.56. FirstEnergy Corp. has a one year low of $35.41 and a one year high of $44.97. The firm has a market capitalization of $23.06 billion, a P/E ratio of 25.81, a PEG ratio of 1.99 and a beta of 0.52. The firm has a 50-day moving average of $40.14 and a two-hundred day moving average of $41.85.

FirstEnergy Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Saturday, March 1st. Shareholders of record on Friday, February 7th will be given a $0.425 dividend. The ex-dividend date of this dividend is Friday, February 7th. This represents a $1.70 annualized dividend and a yield of 4.25%. FirstEnergy's payout ratio is 109.68%.

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.