Everpar Advisors LLC Has $270,000 Stock Position in FirstEnergy Corp. (NYSE:FE)

Everpar Advisors LLC lowered its position in shares of FirstEnergy Corp. (NYSE:FE) by 8.1% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 6,795 shares of the utilities provider’s stock after selling 601 shares during the quarter. Everpar Advisors LLC’s holdings in FirstEnergy were worth $270,000 as of its most recent SEC filing.

Other hedge funds have also made changes to their positions in the company. Allspring Global Investments Holdings LLC lifted its stake in FirstEnergy by 5.3% in the 3rd quarter. Allspring Global Investments Holdings LLC now owns 9,098,472 shares of the utilities provider’s stock worth $403,517,000 after acquiring an additional 457,231 shares in the last quarter. Franklin Resources Inc. lifted its position in shares of FirstEnergy by 1.0% in the third quarter. Franklin Resources Inc. now owns 3,546,001 shares of the utilities provider’s stock worth $153,081,000 after purchasing an additional 34,151 shares in the last quarter. 1832 Asset Management L.P. boosted its holdings in shares of FirstEnergy by 7.6% during the second quarter. 1832 Asset Management L.P. now owns 2,725,050 shares of the utilities provider’s stock worth $104,288,000 after purchasing an additional 193,540 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its position in FirstEnergy by 7.9% during the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 2,346,263 shares of the utilities provider’s stock valued at $104,057,000 after purchasing an additional 171,955 shares in the last quarter. Finally, Dimensional Fund Advisors LP increased its stake in FirstEnergy by 5.8% in the 2nd quarter. Dimensional Fund Advisors LP now owns 1,896,140 shares of the utilities provider’s stock valued at $72,570,000 after buying an additional 104,253 shares during the period. Hedge funds and other institutional investors own 89.41% of the company’s stock.

Analyst Ratings Changes

FE has been the topic of several research analyst reports. Argus upgraded shares of FirstEnergy from a “hold” rating to a “buy” rating and set a $50.00 price target on the stock in a report on Friday, September 20th. Jefferies Financial Group initiated coverage on FirstEnergy in a research report on Monday, October 14th. They issued a “hold” rating and a $46.00 target price on the stock. Seaport Res Ptn downgraded FirstEnergy from a “strong-buy” rating to a “hold” rating in a research note on Thursday, October 31st. Morgan Stanley lowered their price target 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, Barclays raised their price objective on shares of FirstEnergy from $40.00 to $46.00 and gave the company an “equal weight” rating in a research report on Monday, October 7th. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating and five have issued a buy rating to the stock. Based on data from MarketBeat, FirstEnergy currently has a consensus rating of “Hold” and a consensus target price of $46.27.

FirstEnergy Stock Down 0.4 %

Shares of FirstEnergy stock opened at $39.92 on Friday. FirstEnergy Corp. has a 12-month low of $35.41 and a 12-month high of $44.97. The stock has a market capitalization of $23.01 billion, a P/E ratio of 25.76, a PEG ratio of 1.93 and a beta of 0.52. The company has a quick ratio of 0.46, a current ratio of 0.56 and a debt-to-equity ratio of 1.58. The stock has a 50 day moving average price of $40.57 and a two-hundred day moving average price of $41.72.

FirstEnergy (NYSE:FE) last posted its quarterly earnings data on Tuesday, October 29th. The utilities provider reported $0.85 earnings per share (EPS) 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%. FirstEnergy’s quarterly revenue was up 6.9% on a year-over-year basis. During the same period in the prior year, the company posted $0.88 earnings per share. Equities analysts expect that FirstEnergy Corp. will post 2.67 earnings per share for the current year.

FirstEnergy Announces Dividend

The firm 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 $0.425 dividend. The ex-dividend date is Friday, February 7th. This represents a $1.70 dividend on an annualized basis and a dividend yield of 4.26%. FirstEnergy’s payout ratio is presently 109.68%.

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.