FirstEnergy Corp. (FE) Stake Lifted by Atria Investments LLC
Atria Investments LLC grew its holdings in FirstEnergy Corp. (NYSE:FE) by 12.6% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 104,194 shares of the utilities provider’s stock after purchasing an additional 11,662 shares during the quarter. Atria Investments LLC’s holdings in FirstEnergy were worth $3,190,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Several other large investors have also made changes to their positions in FE. Hexavest Inc. raised its stake in FirstEnergy by 2.2% during the 4th quarter. Hexavest Inc. now owns 999,014 shares of the utilities provider’s stock worth $30,590,000 after buying an additional 21,603 shares during the period. Nisa Investment Advisors LLC raised its stake in FirstEnergy by 26.2% during the 4th quarter. Nisa Investment Advisors LLC now owns 33,836 shares of the utilities provider’s stock worth $1,036,000 after buying an additional 7,020 shares during the period. QUANTRES ASSET MANAGEMENT Ltd raised its stake in FirstEnergy by 37.3% during the 4th quarter. QUANTRES ASSET MANAGEMENT Ltd now owns 17,300 shares of the utilities provider’s stock worth $530,000 after buying an additional 4,700 shares during the period. Parametric Portfolio Associates LLC raised its stake in FirstEnergy by 8.0% during the 3rd quarter. Parametric Portfolio Associates LLC now owns 2,141,098 shares of the utilities provider’s stock worth $66,010,000 after buying an additional 157,963 shares during the period. Finally, AXA raised its stake in FirstEnergy by 7,554.9% during the 3rd quarter. AXA now owns 1,030,430 shares of the utilities provider’s stock worth $31,768,000 after buying an additional 1,016,969 shares during the period. 82.41% of the stock is currently owned by institutional investors.
A number of research analysts recently weighed in on the company. ValuEngine raised FirstEnergy from a “hold” rating to a “buy” rating in a research note on Wednesday, November 15th. KeyCorp reaffirmed a “hold” rating on shares of FirstEnergy in a research note on Friday, October 20th. Bank of America assumed coverage on FirstEnergy in a research note on Tuesday, October 24th. They set a “neutral” rating and a $34.00 price target on the stock. Citigroup upped their price target on FirstEnergy from $31.00 to $34.00 and gave the stock a “neutral” rating in a research note on Tuesday, October 17th. Finally, Deutsche Bank raised FirstEnergy from a “hold” rating to a “buy” rating in a research note on Tuesday, October 17th. One equities research analyst has rated the stock with a sell rating, ten have given a hold rating and seven have assigned a buy rating to the stock. FirstEnergy has an average rating of “Hold” and a consensus target price of $35.32.
Shares of FirstEnergy Corp. (NYSE:FE) opened at $29.92 on Thursday. The company has a market capitalization of $13,310.00, a P/E ratio of -2.54 and a beta of 0.25. FirstEnergy Corp. has a 52 week low of $27.93 and a 52 week high of $35.22. The company has a quick ratio of 0.56, a current ratio of 0.69 and a debt-to-equity ratio of 3.29.
FirstEnergy (NYSE:FE) last issued its quarterly earnings data on Thursday, October 26th. The utilities provider reported $0.97 EPS for the quarter, topping the consensus estimate of $0.86 by $0.11. The firm had revenue of $3.70 billion during the quarter, compared to the consensus estimate of $3.72 billion. FirstEnergy had a positive return on equity of 19.29% and a negative net margin of 35.99%. During the same period in the prior year, the business posted $0.90 earnings per share. equities research analysts predict that FirstEnergy Corp. will post 3.04 EPS for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, March 1st. Stockholders of record on Wednesday, February 7th will be paid a $0.36 dividend. This represents a $1.44 annualized dividend and a dividend yield of 4.81%. The ex-dividend date is Tuesday, February 6th. FirstEnergy’s dividend payout ratio (DPR) is presently -12.23%.
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FirstEnergy Corp. is a holding company. The Company is engaged in holding, directly or indirectly, all of the outstanding equity of its principal subsidiaries. Its segments include Regulated Distribution, Regulated Transmission, Competitive Energy Services (CES) and Corporate/Other. As of December 31, 2016, the Regulated Distribution segment distributed electricity through the Company’s 10 utility operating companies, serving approximately six million customers, and purchased power for its provider of last resort (POLR), standard offer service (SOS), standard offer service (SSO) and default service requirements in Ohio, Pennsylvania, New Jersey and Maryland.
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