FirstEnergy Corp. (NYSE:FE) Shares Sold by LWM Advisory Services LLC

LWM Advisory Services LLC reduced its position in FirstEnergy Corp. (NYSE:FE) by 4.2% during the 4th quarter, according to its most recent filing with the SEC. The firm owned 10,174 shares of the utilities provider’s stock after selling 441 shares during the quarter. LWM Advisory Services LLC’s holdings in FirstEnergy were worth $405,000 as of its most recent filing with the SEC.

Other institutional investors also recently bought and sold shares of the company. Creative Planning boosted its position in shares of FirstEnergy by 5.0% during the 3rd quarter. Creative Planning now owns 38,301 shares of the utilities provider’s stock worth $1,699,000 after purchasing an additional 1,813 shares in the last quarter. Blue Trust Inc. boosted its position in shares of FirstEnergy by 303.6% during the 3rd quarter. Blue Trust Inc. now owns 4,141 shares of the utilities provider’s stock worth $184,000 after purchasing an additional 3,115 shares in the last quarter. International Assets Investment Management LLC boosted its position in shares of FirstEnergy by 4,445.0% during the 3rd quarter. International Assets Investment Management LLC now owns 219,434 shares of the utilities provider’s stock worth $9,732,000 after purchasing an additional 214,606 shares in the last quarter. Hennion & Walsh Asset Management Inc. boosted its position in shares of FirstEnergy by 21.6% during the 3rd quarter. Hennion & Walsh Asset Management Inc. now owns 51,596 shares of the utilities provider’s stock worth $2,288,000 after purchasing an additional 9,169 shares in the last quarter. Finally, Mirae Asset Global Investments Co. Ltd. boosted its position in shares of FirstEnergy by 34.6% during the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 33,827 shares of the utilities provider’s stock worth $1,490,000 after purchasing an additional 8,703 shares in the last quarter. 89.41% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities research analysts have commented on FE shares. 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. 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 lowered shares of FirstEnergy from an “outperform” rating to a “peer perform” rating in a research report on Thursday, January 23rd. Scotiabank upgraded shares of FirstEnergy from a “sector perform” rating to a “sector outperform” rating and boosted their price objective for the stock from $45.00 to $50.00 in a research report on Thursday, December 12th. Finally, Seaport Res Ptn lowered shares of FirstEnergy from a “strong-buy” rating to a “hold” rating in a research report on Thursday, October 31st. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating and five have issued a buy rating to the company. According to MarketBeat.com, FirstEnergy presently has a consensus rating of “Hold” and an average target price of $46.27.

FirstEnergy Price Performance

NYSE:FE opened at $42.34 on Friday. The firm has a market cap of $24.40 billion, a price-to-earnings ratio of 27.32, a price-to-earnings-growth ratio of 2.07 and a beta of 0.52. 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 company’s 50-day moving average is $39.89 and its two-hundred day moving average is $41.77. FirstEnergy Corp. has a 12-month low of $36.01 and a 12-month high of $44.97.

FirstEnergy Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Saturday, March 1st. Shareholders of record on Friday, February 7th will be issued a $0.425 dividend. The ex-dividend date is Friday, February 7th. This represents a $1.70 dividend on an annualized basis and a yield of 4.01%. FirstEnergy’s dividend payout ratio (DPR) is 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.