FirstEnergy Corp. (NYSE:FE) Shares Sold by SG Americas Securities LLC

SG Americas Securities LLC reduced its holdings in shares of FirstEnergy Corp. (NYSE:FE - Free Report) by 88.1% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 3,345 shares of the utilities provider's stock after selling 24,771 shares during the quarter. SG Americas Securities LLC's holdings in FirstEnergy were worth $133,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also recently added to or reduced their stakes in the company. Brookstone Capital Management boosted its stake in shares of FirstEnergy by 6.8% during the 3rd quarter. Brookstone Capital Management now owns 7,710 shares of the utilities provider's stock worth $342,000 after purchasing an additional 488 shares during the last quarter. CWM LLC boosted its position in shares of FirstEnergy by 2.8% in the third quarter. CWM LLC now owns 30,544 shares of the utilities provider's stock worth $1,355,000 after acquiring an additional 843 shares during the last quarter. UMB Bank n.a. boosted its position in shares of FirstEnergy by 48.4% in the third quarter. UMB Bank n.a. now owns 997 shares of the utilities provider's stock worth $44,000 after acquiring an additional 325 shares during the last quarter. Exchange Traded Concepts LLC boosted its position in shares of FirstEnergy by 3,815.2% in the third quarter. Exchange Traded Concepts LLC now owns 23,648 shares of the utilities provider's stock worth $1,049,000 after acquiring an additional 23,044 shares during the last quarter. Finally, Creative Planning boosted its position in shares of FirstEnergy by 5.0% in the third quarter. Creative Planning now owns 38,301 shares of the utilities provider's stock worth $1,699,000 after acquiring an additional 1,813 shares during the last quarter. 89.41% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

FE has been the topic of several research analyst 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 report on Friday, November 22nd. Wolfe Research cut shares of FirstEnergy from an "outperform" rating to a "peer perform" rating in a research report on Thursday, January 23rd. Seaport Res Ptn cut shares of FirstEnergy from a "strong-buy" rating to a "hold" rating in a research report on Thursday, October 31st. KeyCorp decreased their target price on shares of FirstEnergy from $48.00 to $47.00 and set an "overweight" rating on the stock in a research report on Wednesday, December 4th. Finally, Scotiabank raised shares of FirstEnergy from a "sector perform" rating to a "sector outperform" rating and lifted their price target for the company from $45.00 to $50.00 in a research report on Thursday, December 12th. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating and five have assigned a buy rating to the company. According to MarketBeat.com, the company has a consensus rating of "Hold" and a consensus target price of $46.27.

FirstEnergy Stock Down 0.5 %

Shares of FE traded down $0.22 during mid-day trading on Friday, reaching $40.04. 3,046,318 shares of the stock traded hands, compared to its average volume of 3,835,380. The firm has a market cap of $23.08 billion, a price-to-earnings ratio of 25.83, a P/E/G ratio of 2.01 and a beta of 0.52. The stock has a fifty day simple moving average of $39.83 and a 200 day simple moving average of $41.81. FirstEnergy Corp. has a 12-month low of $36.01 and a 12-month high of $44.97. The company has a quick ratio of 0.46, a current ratio of 0.56 and a debt-to-equity ratio of 1.58.

FirstEnergy Announces Dividend

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

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.