National Bank of Canada FI Has $14.50 Million Stock Position in FirstEnergy Corp. (NYSE:FE)

National Bank of Canada FI lifted its stake in shares of FirstEnergy Corp. (NYSE:FE - Free Report) by 58.7% during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 326,864 shares of the utilities provider's stock after buying an additional 120,921 shares during the quarter. National Bank of Canada FI owned 0.06% of FirstEnergy worth $14,496,000 as of its most recent filing with the SEC.

Several other large investors also recently bought and sold shares of FE. Brookfield Corp ON lifted its position in shares of FirstEnergy by 38.3% in the 3rd quarter. Brookfield Corp ON now owns 18,919 shares of the utilities provider's stock worth $839,000 after buying an additional 5,240 shares during the last quarter. Glen Eagle Advisors LLC boosted its stake in FirstEnergy by 325.7% during the 3rd quarter. Glen Eagle Advisors LLC now owns 1,307 shares of the utilities provider's stock valued at $58,000 after purchasing an additional 1,000 shares in the last quarter. EP Wealth Advisors LLC raised its position in FirstEnergy by 23.8% in the third quarter. EP Wealth Advisors LLC now owns 9,825 shares of the utilities provider's stock worth $436,000 after acquiring an additional 1,889 shares in the last quarter. Wexford Capital LP lifted its stake in FirstEnergy by 320.9% during the third quarter. Wexford Capital LP now owns 65,237 shares of the utilities provider's stock valued at $2,893,000 after purchasing an additional 49,737 shares during the last quarter. Finally, Stevens Capital Management LP acquired a new stake in shares of FirstEnergy during the 3rd quarter valued at $504,000. Institutional investors and hedge funds own 89.41% of the company's stock.

FirstEnergy Trading Down 0.9 %

NYSE:FE traded down $0.37 during mid-day trading on Wednesday, hitting $40.12. The company had a trading volume of 2,682,137 shares, compared to its average volume of 2,906,780. The firm has a market cap of $23.12 billion, a P/E ratio of 25.95, a P/E/G ratio of 2.21 and a beta of 0.51. FirstEnergy Corp. has a fifty-two week low of $35.41 and a fifty-two week high of $44.97. The business's fifty day moving average is $42.34 and its two-hundred day moving average is $41.60. 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 released its quarterly earnings data on Tuesday, October 29th. The utilities provider reported $0.85 earnings per share for the quarter, missing the consensus estimate of $0.90 by ($0.05). The firm had revenue of $3.73 billion for the quarter, compared to the consensus estimate of $3.96 billion. FirstEnergy had a return on equity of 11.38% and a net margin of 6.64%. The firm's revenue was up 6.9% compared to the same quarter last year. During the same period in the previous year, the business earned $0.88 EPS. As a group, research analysts expect that FirstEnergy Corp. will post 2.68 earnings per share for the current year.

FirstEnergy Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Sunday, December 1st. Stockholders of record on Thursday, November 7th were issued a dividend of $0.425 per share. This represents a $1.70 annualized dividend and a dividend yield of 4.24%. The ex-dividend date was Thursday, November 7th. FirstEnergy's dividend payout ratio (DPR) is presently 109.68%.

Analyst Upgrades and Downgrades

A number of equities analysts have recently weighed in on the company. Scotiabank upped their target price on FirstEnergy from $40.00 to $45.00 and gave the company a "sector perform" rating in a report on Tuesday, August 20th. Argus raised FirstEnergy from a "hold" rating to a "buy" rating and set a $50.00 price target on the stock in a research report on Friday, September 20th. Jefferies Financial Group started coverage on shares of FirstEnergy in a research note on Monday, October 14th. They set a "hold" rating and a $46.00 target price for the company. Bank of America boosted their price objective on FirstEnergy from $42.00 to $43.00 and gave the company an "underperform" rating in a research report on Thursday, August 29th. Finally, JPMorgan Chase & Co. lifted their price objective on FirstEnergy from $45.00 to $46.00 and gave the company a "neutral" rating in a report on Friday, October 18th. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating and four have given a buy rating to the company's stock. According to data from MarketBeat.com, FirstEnergy has a consensus rating of "Hold" and an average target price of $45.82.

About FirstEnergy

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.