FirstEnergy Corp. (NYSE:FE) Shares Acquired by Moors & Cabot Inc.

Moors & Cabot Inc. boosted its position in FirstEnergy Corp. (NYSE:FE) by 4.9% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 9,113 shares of the utilities provider’s stock after buying an additional 425 shares during the quarter. Moors & Cabot Inc.’s holdings in FirstEnergy were worth $363,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Kestra Investment Management LLC purchased a new position in shares of FirstEnergy during the 4th quarter valued at approximately $26,000. True Wealth Design LLC raised its holdings in FirstEnergy by 4,571.4% in the third quarter. True Wealth Design LLC now owns 654 shares of the utilities provider’s stock valued at $29,000 after acquiring an additional 640 shares in the last quarter. WASHINGTON TRUST Co boosted its stake in FirstEnergy by 293.0% during the 4th quarter. WASHINGTON TRUST Co now owns 786 shares of the utilities provider’s stock valued at $31,000 after acquiring an additional 586 shares during the last quarter. SBI Securities Co. Ltd. acquired a new position in FirstEnergy during the 4th quarter worth $33,000. Finally, Cedar Mountain Advisors LLC bought a new stake in shares of FirstEnergy in the 4th quarter worth about $34,000. 89.41% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

FE has been the topic of several research analyst reports. Guggenheim reduced their price target on shares of FirstEnergy from $52.00 to $45.00 and set a “buy” rating on the stock in a research report on Friday, February 28th. Wolfe Research lowered FirstEnergy from an “outperform” rating to a “peer perform” rating in a research report on Thursday, January 23rd. Scotiabank dropped their price target on FirstEnergy from $50.00 to $44.00 and set a “sector outperform” rating on the stock in a research report on Friday, February 28th. Morgan Stanley reduced their price objective on FirstEnergy from $52.00 to $50.00 and set an “overweight” rating on the stock in a research note on Friday, November 22nd. Finally, Wells Fargo & Company lowered their target price on shares of FirstEnergy from $48.00 to $41.00 and set an “equal weight” rating for the company in a research note on Friday, February 28th. One analyst has rated the stock with a sell rating, eight have assigned a hold rating and six have assigned a buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $45.33.

FirstEnergy Stock Up 1.6 %

Shares of FirstEnergy stock opened at $39.79 on Friday. FirstEnergy Corp. has a 1-year low of $36.81 and a 1-year high of $44.97. The company has a market capitalization of $22.94 billion, a P/E ratio of 25.67, a PEG ratio of 2.07 and a beta of 0.48. The business’s fifty day moving average price is $39.91 and its two-hundred day moving average price is $41.47. The company has a debt-to-equity ratio of 1.58, a current ratio of 0.56 and a quick ratio of 0.46.

FirstEnergy (NYSE:FE) last posted its quarterly earnings data on Wednesday, February 26th. The utilities provider reported $0.67 earnings per share for the quarter, missing the consensus estimate of $0.70 by ($0.03). The company had revenue of $3.20 billion during the quarter, compared to analyst estimates of $3.53 billion. FirstEnergy had a return on equity of 11.38% and a net margin of 6.64%. As a group, research analysts forecast that FirstEnergy Corp. will post 2.66 EPS for the current year.

FirstEnergy Announces Dividend

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

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.