FirstEnergy Corp. (NYSE:FE) Shares Acquired by Larson Financial Group LLC

Larson Financial Group LLC raised its stake in shares of FirstEnergy Corp. (NYSE:FE - Free Report) by 20.9% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 47,111 shares of the utilities provider's stock after buying an additional 8,144 shares during the quarter. Larson Financial Group LLC's holdings in FirstEnergy were worth $1,874,000 at the end of the most recent reporting period.

A number of other institutional investors also recently made changes to their positions in FE. Wedge Capital Management L L P NC purchased a new stake in FirstEnergy during the 4th quarter worth about $12,198,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its stake in shares of FirstEnergy by 7.9% during the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 2,346,263 shares of the utilities provider's stock worth $104,057,000 after purchasing an additional 171,955 shares during the last quarter. DRW Securities LLC purchased a new stake in shares of FirstEnergy during the third quarter worth about $1,154,000. Mirae Asset Global Investments Co. Ltd. raised its position in shares of FirstEnergy by 41.8% in the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 47,956 shares of the utilities provider's stock valued at $1,902,000 after buying an additional 14,129 shares during the last quarter. Finally, Whalen Wealth Management Inc. acquired a new position in shares of FirstEnergy in the fourth quarter valued at approximately $664,000. 89.41% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

FE has been the subject of several recent analyst reports. Wells Fargo & Company lowered their target price on shares of FirstEnergy from $48.00 to $41.00 and set an "equal weight" rating for the company in a research note on Friday, February 28th. Scotiabank lowered their price objective on FirstEnergy from $50.00 to $44.00 and set a "sector outperform" rating for the company in a research report on Friday, February 28th. Morgan Stanley dropped their target price on FirstEnergy from $52.00 to $50.00 and set an "overweight" rating for the company in a research note on Friday, November 22nd. Wolfe Research lowered FirstEnergy from an "outperform" rating to a "peer perform" rating in a research note on Thursday, January 23rd. Finally, Guggenheim dropped their price objective on shares of FirstEnergy from $52.00 to $45.00 and set a "buy" rating for the company in a research note on Friday, February 28th. 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. Based on data from MarketBeat, FirstEnergy has an average rating of "Hold" and a consensus target price of $45.33.

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FirstEnergy Trading Down 0.6 %

NYSE FE traded down $0.23 during mid-day trading on Tuesday, hitting $39.14. The company's stock had a trading volume of 6,693,614 shares, compared to its average volume of 3,047,180. The company has a debt-to-equity ratio of 1.58, a current ratio of 0.56 and a quick ratio of 0.46. FirstEnergy Corp. has a 52-week low of $36.81 and a 52-week high of $44.97. The stock's fifty day simple moving average is $39.96 and its two-hundred day simple moving average is $41.54. The firm has a market capitalization of $22.57 billion, a P/E ratio of 25.25, a price-to-earnings-growth ratio of 2.07 and a beta of 0.48.

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

FirstEnergy Announces Dividend

The business also recently announced 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 dividend on an annualized basis and a dividend yield of 4.34%. FirstEnergy's dividend payout ratio (DPR) is currently 100.00%.

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.