Landscape Capital Management L.L.C. Raises Stake in FirstEnergy Corp. (NYSE:FE)

Landscape Capital Management L.L.C. lifted its holdings in FirstEnergy Corp. (NYSE:FE - Free Report) by 57.6% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 45,286 shares of the utilities provider's stock after acquiring an additional 16,547 shares during the quarter. Landscape Capital Management L.L.C.'s holdings in FirstEnergy were worth $1,801,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. Wedge Capital Management L L P NC purchased a new position in FirstEnergy in the fourth quarter valued at $12,198,000. Schroder Investment Management Group grew its position in shares of FirstEnergy by 56.0% during the 4th quarter. Schroder Investment Management Group now owns 48,759 shares of the utilities provider's stock valued at $1,933,000 after acquiring an additional 17,506 shares during the period. Mirae Asset Global Investments Co. Ltd. raised its holdings in FirstEnergy by 41.8% in the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 47,956 shares of the utilities provider's stock worth $1,902,000 after purchasing an additional 14,129 shares during the period. Whalen Wealth Management Inc. purchased a new position in FirstEnergy during the fourth quarter worth approximately $664,000. Finally, Nomura Asset Management Co. Ltd. boosted its position in FirstEnergy by 16.8% during the third quarter. Nomura Asset Management Co. Ltd. now owns 186,406 shares of the utilities provider's stock worth $8,267,000 after purchasing an additional 26,874 shares in the last quarter. Hedge funds and other institutional investors own 89.41% of the company's stock.

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Analyst Upgrades and Downgrades

Several research analysts have recently weighed in on FE shares. Guggenheim upped their target price on FirstEnergy from $45.00 to $47.00 and gave the stock a "buy" rating in a research note on Monday. Wolfe Research lowered FirstEnergy from an "outperform" rating to a "peer perform" rating in a research note on Thursday, January 23rd. Scotiabank lowered their price target on FirstEnergy from $50.00 to $44.00 and set a "sector outperform" rating on the stock in a research note on Friday, February 28th. Morgan Stanley reduced their price objective on FirstEnergy from $52.00 to $48.00 and set an "overweight" rating for the company in a research note on Thursday, March 20th. Finally, UBS Group upped their target price on shares of FirstEnergy from $41.00 to $43.00 and gave the stock a "neutral" rating in a report on Friday, March 21st. One investment analyst has rated the stock with a sell rating, nine have assigned a hold rating and six have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and an average price target of $45.15.

FirstEnergy Trading Up 0.7 %

Shares of FirstEnergy stock traded up $0.29 during trading hours on Thursday, hitting $39.67. The company's stock had a trading volume of 1,832,670 shares, compared to its average volume of 3,404,628. The stock has a market cap of $22.88 billion, a price-to-earnings ratio of 25.65, a P/E/G ratio of 2.07 and a beta of 0.41. 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 twelve month low of $36.81 and a twelve month high of $44.97. The firm has a fifty day moving average of $39.86 and a 200-day moving average of $40.85.

FirstEnergy (NYSE:FE - Get Free Report) last announced its 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). FirstEnergy had a return on equity of 11.38% and a net margin of 6.64%. The company had revenue of $3.20 billion for the quarter, compared to analysts' expectations of $3.53 billion. Research analysts forecast that FirstEnergy Corp. will post 2.66 EPS for the current year.

FirstEnergy Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Sunday, June 1st. Stockholders of record on Wednesday, May 7th will be given a dividend of $0.445 per share. This represents a $1.78 annualized dividend and a dividend yield of 4.49%. The ex-dividend date of this dividend is Wednesday, May 7th. This is a boost from FirstEnergy's previous quarterly dividend of $0.43. FirstEnergy's dividend payout ratio is currently 104.71%.

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.