Signaturefd LLC Reduces Stock Position in FirstEnergy Corp. (NYSE:FE)

Signaturefd LLC lowered its holdings in shares of FirstEnergy Corp. (NYSE:FEGet Rating) by 30.4% in the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 924 shares of the utilities provider’s stock after selling 404 shares during the quarter. Signaturefd LLC’s holdings in FirstEnergy were worth $42,000 as of its most recent SEC filing.

A number of other large investors also recently bought and sold shares of the business. Capital Advisory Group Advisory Services LLC purchased a new position in FirstEnergy during the 1st quarter valued at $55,000. Latitude Advisors LLC purchased a new position in FirstEnergy during the 1st quarter valued at $291,000. Park Avenue Securities LLC purchased a new position in FirstEnergy during the 1st quarter valued at $269,000. John G Ullman & Associates Inc. purchased a new position in FirstEnergy during the 1st quarter valued at $220,000. Finally, Toews Corp ADV purchased a new position in FirstEnergy during the 1st quarter valued at $408,000. Hedge funds and other institutional investors own 87.78% of the company’s stock.

Analysts Set New Price Targets

A number of research firms recently issued reports on FE. Credit Suisse Group started coverage on FirstEnergy in a report on Monday, April 25th. They set an “outperform” rating and a $51.00 price objective for the company. StockNews.com upgraded FirstEnergy from a “hold” rating to a “buy” rating in a report on Wednesday. Barclays lowered their target price on FirstEnergy from $49.00 to $41.00 and set an “equal weight” rating for the company in a report on Monday, July 18th. Mizuho decreased their price objective on FirstEnergy from $41.00 to $40.00 and set a “neutral” rating for the company in a research note on Tuesday, June 7th. Finally, Bank of America lowered FirstEnergy from a “buy” rating to a “neutral” rating and reduced their target price for the company from $52.00 to $44.00 in a research report on Monday, May 16th. Four equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $45.25.

FirstEnergy Stock Up 2.4 %

Shares of FE stock opened at $41.10 on Friday. The stock’s 50-day simple moving average is $39.19 and its 200-day simple moving average is $41.91. The company has a debt-to-equity ratio of 2.48, a quick ratio of 0.45 and a current ratio of 0.52. The firm has a market capitalization of $23.47 billion, a PE ratio of 16.71, a P/E/G ratio of 2.56 and a beta of 0.43. FirstEnergy Corp. has a fifty-two week low of $35.32 and a fifty-two week high of $48.85.

FirstEnergy (NYSE:FEGet Rating) last announced its quarterly earnings data on Tuesday, July 26th. The utilities provider reported $0.53 earnings per share for the quarter, beating analysts’ consensus estimates of $0.52 by $0.01. FirstEnergy had a return on equity of 16.50% and a net margin of 11.78%. During the same period last year, the firm earned $0.59 EPS. Equities analysts expect that FirstEnergy Corp. will post 2.4 earnings per share for the current year.

FirstEnergy Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, September 1st. Investors of record on Friday, August 5th will be issued a dividend of $0.39 per share. This represents a $1.56 annualized dividend and a yield of 3.80%. The ex-dividend date of this dividend is Thursday, August 4th. FirstEnergy’s dividend payout ratio (DPR) is 63.41%.

FirstEnergy Company Profile

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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, natural gas, wind, and solar power generating facilities.

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Institutional Ownership by Quarter for FirstEnergy (NYSE:FE)

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