Pacer Advisors Inc. Has $3.91 Million Holdings in FirstEnergy Corp. (NYSE:FE)

Pacer Advisors Inc. reduced its position in FirstEnergy Corp. (NYSE:FE - Free Report) by 22.4% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 98,258 shares of the utilities provider's stock after selling 28,357 shares during the period. Pacer Advisors Inc.'s holdings in FirstEnergy were worth $3,909,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also modified their holdings of the company. Livelsberger Financial Advisory acquired a new position in FirstEnergy during the 3rd quarter worth approximately $26,000. True Wealth Design LLC raised its position 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. Strategic Investment Solutions Inc. IL acquired a new position in shares of FirstEnergy in the 2nd quarter valued at approximately $32,000. Cedar Mountain Advisors LLC acquired a new position in shares of FirstEnergy in the 4th quarter valued at approximately $34,000. Finally, Quarry LP raised its position in shares of FirstEnergy by 59.1% in the 3rd quarter. Quarry LP now owns 861 shares of the utilities provider's stock valued at $38,000 after purchasing an additional 320 shares in the last quarter. 89.41% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on FE shares. Wolfe Research lowered FirstEnergy from an "outperform" rating to a "peer perform" rating in a research report on Thursday, January 23rd. Scotiabank upgraded FirstEnergy from a "sector perform" rating to a "sector outperform" rating and boosted their price target for the company from $45.00 to $50.00 in a report on Thursday, December 12th. Barclays boosted their price target on FirstEnergy from $40.00 to $46.00 and gave the company an "equal weight" rating in a report on Monday, October 7th. Morgan Stanley lowered their price objective on FirstEnergy from $52.00 to $50.00 and set an "overweight" rating for the company in a research note on Friday, November 22nd. Finally, Seaport Res Ptn downgraded FirstEnergy from a "strong-buy" rating to a "hold" rating in a research note on Thursday, October 31st. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating and five have assigned a buy rating to the company's stock. According to data from MarketBeat, the stock currently has an average rating of "Hold" and an average target price of $46.27.

FirstEnergy Price Performance

Shares of FirstEnergy stock traded up $0.21 during trading on Monday, hitting $40.01. The stock had a trading volume of 4,063,224 shares, compared to its average volume of 3,458,946. The company has a debt-to-equity ratio of 1.58, a current ratio of 0.56 and a quick ratio of 0.46. The firm has a market cap of $23.06 billion, a P/E ratio of 25.81, a PEG ratio of 1.99 and a beta of 0.52. The business has a fifty day moving average of $40.18 and a two-hundred day moving average of $41.84. FirstEnergy Corp. has a fifty-two week low of $35.41 and a fifty-two week high of $44.97.

FirstEnergy Dividend Announcement

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

FirstEnergy Company 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.