FirstEnergy Corp. (NYSE:FE) Position Trimmed by Everpar Advisors LLC

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

A number of other large investors also recently modified their holdings of the business. Envestnet Asset Management Inc. boosted its position in FirstEnergy by 3.4% during the 2nd quarter. Envestnet Asset Management Inc. now owns 339,439 shares of the utilities provider’s stock valued at $12,990,000 after purchasing an additional 11,274 shares during the period. Dimensional Fund Advisors LP lifted its stake in 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 during the last quarter. Meiji Yasuda Asset Management Co Ltd. boosted its holdings in shares of FirstEnergy by 28.2% during the second quarter. Meiji Yasuda Asset Management Co Ltd. now owns 9,879 shares of the utilities provider’s stock valued at $378,000 after acquiring an additional 2,176 shares during the period. Vanguard Personalized Indexing Management LLC grew its position in shares of FirstEnergy by 16.4% during the second quarter. Vanguard Personalized Indexing Management LLC now owns 37,582 shares of the utilities provider’s stock worth $1,418,000 after acquiring an additional 5,291 shares during the last quarter. Finally, Seven Eight Capital LP acquired a new stake in shares of FirstEnergy in the 2nd quarter worth about $252,000. 89.41% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of research firms have issued reports on FE. Morgan Stanley reduced their target price on shares of FirstEnergy from $52.00 to $50.00 and set an “overweight” rating for the company in a research note on Friday, November 22nd. JPMorgan Chase & Co. boosted their price objective on FirstEnergy from $45.00 to $46.00 and gave the stock a “neutral” rating in a research report on Friday, October 18th. Barclays increased their price objective on FirstEnergy from $40.00 to $46.00 and gave the stock an “equal weight” rating in a report on Monday, October 7th. Argus raised FirstEnergy from a “hold” rating to a “buy” rating and set a $50.00 target price on the stock in a research note on Friday, September 20th. Finally, Seaport Res Ptn cut FirstEnergy from a “strong-buy” rating to a “hold” rating in a research note on Thursday, October 31st. One investment analyst has rated the stock with a sell rating, seven have given a hold rating and five have given a buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $46.27.

FirstEnergy Trading Down 0.4 %

Shares of FirstEnergy stock opened at $39.92 on Friday. The business has a fifty day simple moving average of $40.57 and a 200-day simple moving average of $41.72. The firm has a market cap of $23.01 billion, a price-to-earnings ratio of 25.76, a price-to-earnings-growth ratio of 1.93 and a beta of 0.52. FirstEnergy Corp. has a fifty-two week low of $35.41 and a fifty-two week high of $44.97. The company has a quick ratio of 0.46, a current ratio of 0.56 and a debt-to-equity ratio of 1.58.

FirstEnergy (NYSE:FE) last issued its quarterly earnings results on Tuesday, October 29th. The utilities provider reported $0.85 earnings per share 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 analyst estimates of $3.96 billion. FirstEnergy had a net margin of 6.64% and a return on equity of 11.38%. FirstEnergy’s revenue was up 6.9% compared to the same quarter last year. During the same period in the previous year, the company posted $0.88 earnings per share. On average, equities analysts forecast that FirstEnergy Corp. will post 2.67 EPS for the current fiscal year.

FirstEnergy Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Saturday, March 1st. Shareholders of record on Friday, February 7th will be given a $0.425 dividend. The ex-dividend date is Friday, February 7th. This represents a $1.70 annualized dividend and a yield of 4.26%. FirstEnergy’s dividend payout ratio (DPR) is 109.68%.

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.