Inceptionr LLC grew its position in FirstEnergy Corp. (NYSE:FE - Free Report) by 145.9% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 50,424 shares of the utilities provider's stock after buying an additional 29,921 shares during the quarter. FirstEnergy accounts for about 0.4% of Inceptionr LLC's portfolio, making the stock its 22nd largest holding. Inceptionr LLC's holdings in FirstEnergy were worth $2,006,000 at the end of the most recent reporting period.
A number of other institutional investors and hedge funds also recently made changes to their positions in FE. Kestra Investment Management LLC acquired a new stake in FirstEnergy in the fourth quarter valued at about $26,000. True Wealth Design LLC boosted its stake in shares of FirstEnergy by 4,571.4% in the 3rd 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 in the last quarter. WASHINGTON TRUST Co grew its holdings in shares of FirstEnergy by 293.0% during the 4th 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. SBI Securities Co. Ltd. bought a new stake in shares of FirstEnergy during the 4th quarter valued at approximately $33,000. Finally, Cedar Mountain Advisors LLC acquired a new position in FirstEnergy during the 4th quarter worth approximately $34,000. Institutional investors own 89.41% of the company's stock.
FirstEnergy Trading Up 2.0 %
Shares of NYSE:FE traded up $0.76 during trading on Monday, reaching $39.32. The stock had a trading volume of 7,369,908 shares, compared to its average volume of 3,031,774. FirstEnergy Corp. has a 52 week low of $36.81 and a 52 week high of $44.97. The firm's fifty day moving average is $39.98 and its 200 day moving average is $41.60. The stock has a market cap of $22.67 billion, a price-to-earnings ratio of 25.36, a P/E/G ratio of 2.07 and a beta of 0.48. 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 (NYSE:FE - Get Free Report) last issued its quarterly earnings results on Wednesday, February 26th. The utilities provider reported $0.67 earnings per share for the quarter, missing analysts' consensus estimates of $0.70 by ($0.03). The business had revenue of $3.20 billion for the quarter, compared to analyst estimates of $3.53 billion. FirstEnergy had a return on equity of 11.38% and a net margin of 6.64%. As a group, equities analysts forecast that FirstEnergy Corp. will post 2.66 EPS for the current fiscal year.
FirstEnergy Dividend Announcement
The business also recently disclosed a quarterly dividend, which was paid on Saturday, March 1st. Stockholders of record on Friday, February 7th were paid a $0.425 dividend. The ex-dividend date of this dividend was Friday, February 7th. This represents a $1.70 annualized dividend and a dividend yield of 4.32%. FirstEnergy's dividend payout ratio is currently 100.00%.
Wall Street Analyst Weigh In
FE has been the topic of a number of research reports. Morgan Stanley decreased their target price on shares of FirstEnergy from $52.00 to $50.00 and set an "overweight" rating on the stock in a research note on Friday, November 22nd. Guggenheim reduced their price objective on FirstEnergy from $52.00 to $45.00 and set a "buy" rating on the stock in a research report on Friday, February 28th. Wells Fargo & Company dropped their target price on FirstEnergy from $48.00 to $41.00 and set an "equal weight" rating for the company in a research report on Friday, February 28th. Wolfe Research lowered FirstEnergy from an "outperform" rating to a "peer perform" rating in a research note on Thursday, January 23rd. Finally, KeyCorp lowered their price objective on FirstEnergy from $48.00 to $47.00 and set an "overweight" rating for the company in a research note on Wednesday, December 4th. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating and six have assigned a buy rating to the company's stock. According to MarketBeat, the stock has an average rating of "Hold" and a consensus target price of $45.33.
View Our Latest Stock Report on FE
About FirstEnergy
(
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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