2 weeks Ago By ABMN Staff
LPL Financial LLC raised its position in shares of FirstEnergy Corp. ( NYSE:FE – Free Report ) by 7.6% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC).
The institutional investor owned 285,578 shares of the utilities provider’s stock after purchasing an additional 20,071 shares during the period. LPL Financial LLC’s holdings in FirstEnergy were worth $11,360,000 as of its most recent SEC filing. Several other institutional investors have also made changes to their positions in the company.
Boston Partners raised its stake in shares of FirstEnergy by 73.5% in the 4th quarter. Boston Partners now owns 16,503,080 shares of the utilities provider’s stock valued at $656,309,000 after acquiring an additional 6,991,866 shares in the last quarter.
Amundi grew its holdings in FirstEnergy by 103.8% during the fourth quarter. Amundi now owns 1,843,964 shares of the utilities provider’s stock valued at $73,334,000 after purchasing an additional 939,240 shares during the last quarter.
Raymond James Financial Inc. bought a new position in shares of FirstEnergy in the fourth quarter valued at approximately $30,069,000. Wedge Capital Management L L P NC bought a new position in shares of FirstEnergy in the fourth quarter valued at approximately $12,198,000.
Finally, Allspring Global Investments Holdings LLC lifted its stake in shares of FirstEnergy by 2.4% in the fourth quarter. Allspring Global Investments Holdings LLC now owns 9,318,905 shares of the utilities provider’s stock worth $371,911,000 after buying an additional 220,433 shares during the last quarter.
89.41% of the stock is currently owned by institutional investors and hedge funds. Wall Street Analyst Weigh In A number of research analysts have recently commented on FE shares.
UBS Group upped their price objective on shares of FirstEnergy from $41.00 to $43.00 and gave the company a “neutral” rating in a research report on Friday, March 21st.
Scotiabank cut their price target on FirstEnergy from $50.00 to $44.00 and set a “sector outperform” rating for the company in a report on Friday, February 28th.
Wells Fargo & Company decreased their price objective on FirstEnergy from $48.00 to $41.00 and set an “equal weight” rating on the stock in a report on Friday, February 28th.
Guggenheim cut their target price on FirstEnergy from $52.00 to $45.00 and set a “buy” rating for the company in a research note on Friday, February 28th.
Finally, Wolfe Research downgraded shares of FirstEnergy from an “outperform” rating to a “peer perform” rating in a research note on Thursday, January 23rd. One equities research analyst has rated the stock with a sell rating, nine have given a hold rating and six have issued a buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $45.
00. FirstEnergy Stock Up 1.0 % Shares of NYSE FE opened at $40.
99 on Friday. The company has a current ratio of 0.56, a quick ratio of 0.
46 and a debt-to-equity ratio of 1.58. The firm has a market capitalization of $23.
64 billion, a PE ratio of 26.45, a price-to-earnings-growth ratio of 2.07 and a beta of 0.
48. The firm’s 50-day moving average is $39.97 and its 200-day moving average is $41.
05. FirstEnergy Corp. has a 1 year low of $36.
81 and a 1 year high of $44.97. FirstEnergy ( NYSE:FE – Get Free Report ) last posted its quarterly earnings results on Wednesday, February 26th.
The utilities provider reported $0.67 earnings per share (EPS) 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 during the quarter, compared to the consensus estimate of $3.
53 billion. Equities analysts expect that FirstEnergy Corp. will post 2.
66 EPS for the current year. FirstEnergy Increases Dividend The firm also recently announced a quarterly dividend, which will be paid on Sunday, June 1st. Shareholders of record on Wednesday, May 7th will be paid a $0.
445 dividend. This represents a $1.78 dividend on an annualized basis and a yield of 4.
34%. This is a boost from FirstEnergy’s previous quarterly dividend of $0.43.
The ex-dividend date of this dividend is Wednesday, May 7th. FirstEnergy’s payout ratio is presently 104.71%.
FirstEnergy Company Profile ( Free Report ) 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. Read More Receive News & Ratings for FirstEnergy Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for FirstEnergy and related companies with MarketBeat.com's FREE daily email newsletter .
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