Tredje AP fonden Sells 42,449 Shares of FirstEnergy Corp. (NYSE:FE)

Tredje AP fonden reduced its position in shares of FirstEnergy Corp. (NYSE:FE) by 50.0% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 42,450 shares of the utilities provider’s stock after selling 42,449 shares during the quarter. Tredje AP fonden’s holdings in FirstEnergy were worth $1,689,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in FE. Kestra Investment Management LLC acquired a new position in shares of FirstEnergy during the 4th quarter worth about $26,000. True Wealth Design LLC grew its position in shares of FirstEnergy by 4,571.4% during the 3rd quarter. True Wealth Design LLC now owns 654 shares of the utilities provider’s stock worth $29,000 after buying an additional 640 shares during the period. WASHINGTON TRUST Co grew its position in shares of FirstEnergy by 293.0% during the 4th quarter. WASHINGTON TRUST Co now owns 786 shares of the utilities provider’s stock worth $31,000 after buying an additional 586 shares during the period. SBI Securities Co. Ltd. acquired a new position in shares of FirstEnergy during the 4th quarter worth about $33,000. Finally, Cedar Mountain Advisors LLC acquired a new position in shares of FirstEnergy during the 4th quarter worth about $34,000. 89.41% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several equities analysts have recently issued reports on the company. Guggenheim decreased their target price on FirstEnergy from $52.00 to $45.00 and set a “buy” rating for the company in a research report on Friday, February 28th. KeyCorp decreased their target price on FirstEnergy from $48.00 to $47.00 and set an “overweight” rating for the company in a research report on Wednesday, December 4th. Wolfe Research lowered FirstEnergy from an “outperform” rating to a “peer perform” rating in a research report on Thursday, January 23rd. Wells Fargo & Company decreased their price objective on FirstEnergy from $48.00 to $41.00 and set an “equal weight” rating for the company in a research report on Friday, February 28th. Finally, Morgan Stanley decreased their price objective on FirstEnergy from $52.00 to $50.00 and set an “overweight” rating for the company in a research report on Friday, November 22nd. One analyst has rated the stock with a sell rating, eight have given a hold rating and six have given a buy rating to the company. According to MarketBeat, the company presently has an average rating of “Hold” and an average price target of $45.33.

FirstEnergy Trading Up 1.6 %

NYSE FE opened at $39.79 on Friday. The stock has a market capitalization of $22.94 billion, a price-to-earnings ratio of 25.67, a PEG ratio of 2.07 and a beta of 0.48. The stock’s 50 day moving average price is $39.91 and its two-hundred day moving average price is $41.48. 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 Corp. has a 52 week low of $36.81 and a 52 week high of $44.97.

FirstEnergy (NYSE:FE) last released its earnings results on Wednesday, February 26th. The utilities provider reported $0.67 EPS 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 firm had revenue of $3.20 billion during the quarter, compared to the consensus estimate of $3.53 billion. As a group, analysts anticipate that FirstEnergy Corp. will post 2.66 earnings per share for the current fiscal year.

FirstEnergy Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Saturday, March 1st. Stockholders of record on Friday, February 7th were paid a dividend of $0.425 per share. This represents a $1.70 dividend on an annualized basis and a dividend yield of 4.27%. The ex-dividend date of this dividend was Friday, February 7th. FirstEnergy’s dividend payout ratio is currently 100.00%.

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.