FirstEnergy Corp. (NYSE:FE) Stock Holdings Increased by Advisors Management Group Inc. ADV

Advisors Management Group Inc. ADV boosted its stake in shares of FirstEnergy Corp. (NYSE:FE) by 1.8% in the 4th quarter, HoldingsChannel reports. The institutional investor owned 244,360 shares of the utilities provider’s stock after acquiring an additional 4,349 shares during the quarter. FirstEnergy makes up 2.3% of Advisors Management Group Inc. ADV’s investment portfolio, making the stock its 9th biggest position. Advisors Management Group Inc. ADV’s holdings in FirstEnergy were worth $9,721,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in FE. Allspring Global Investments Holdings LLC lifted its holdings in shares of 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 during the last quarter. Franklin Resources Inc. raised its position in FirstEnergy by 1.0% in the third quarter. Franklin Resources Inc. now owns 3,546,001 shares of the utilities provider’s stock valued at $153,081,000 after purchasing an additional 34,151 shares during the period. 1832 Asset Management L.P. lifted its stake in 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 in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its position in shares of 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 worth $104,057,000 after buying an additional 171,955 shares during the period. Finally, Dimensional Fund Advisors LP grew its stake in shares of FirstEnergy by 5.8% in the second 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 in the last quarter. 89.41% of the stock is currently owned by institutional investors and hedge funds.

FirstEnergy Stock Up 0.1 %

FirstEnergy stock opened at $39.20 on Thursday. The stock has a market cap of $22.59 billion, a PE ratio of 25.29, a P/E/G ratio of 1.93 and a beta of 0.52. The company has a debt-to-equity ratio of 1.58, a current ratio of 0.56 and a quick ratio of 0.46. The stock’s fifty day moving average is $40.64 and its two-hundred day moving average is $41.75. FirstEnergy Corp. has a 1-year low of $35.41 and a 1-year high of $44.97.

FirstEnergy (NYSE:FE) last released its quarterly earnings data on Tuesday, October 29th. The utilities provider reported $0.85 EPS for the quarter, missing analysts’ consensus estimates of $0.90 by ($0.05). The business had revenue of $3.73 billion during the quarter, compared to analysts’ expectations of $3.96 billion. FirstEnergy had a net margin of 6.64% and a return on equity of 11.38%. The company’s revenue was up 6.9% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.88 EPS. On average, sell-side analysts expect that FirstEnergy Corp. will post 2.67 EPS for the current fiscal year.

FirstEnergy Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Saturday, March 1st. Stockholders of record on Friday, February 7th will be given a dividend of $0.425 per share. The ex-dividend date is Friday, February 7th. This represents a $1.70 annualized dividend and a dividend yield of 4.34%. FirstEnergy’s dividend payout ratio is presently 109.68%.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on FE shares. Jefferies Financial Group initiated coverage on FirstEnergy in a research note on Monday, October 14th. They set a “hold” rating and a $46.00 target price on the stock. Morgan Stanley reduced their price target 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. Barclays lifted their price objective on shares of FirstEnergy from $40.00 to $46.00 and gave the company an “equal weight” rating in a report on Monday, October 7th. KeyCorp reduced their target price on shares of FirstEnergy from $48.00 to $47.00 and set an “overweight” rating on the stock in a report on Wednesday, December 4th. Finally, Seaport Res Ptn downgraded shares of FirstEnergy from a “strong-buy” rating to a “hold” rating in a research note on Thursday, October 31st. One research analyst has rated the stock with a sell rating, seven have issued a hold rating and five have given a buy rating to the stock. According to MarketBeat, the company presently has an average rating of “Hold” and an average target price of $46.27.

FirstEnergy Company 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.