Private Advisor Group LLC boosted its position in shares of FirstEnergy Corp. (NYSE:FE) by 45.5% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 19,592 shares of the utilities provider’s stock after buying an additional 6,125 shares during the period. Private Advisor Group LLC’s holdings in FirstEnergy were worth $728,000 at the end of the most recent quarter.

Other large investors have also recently bought and sold shares of the company. Renaissance Technologies LLC grew its position in shares of FirstEnergy by 23.1% in the second quarter. Renaissance Technologies LLC now owns 12,007,408 shares of the utilities provider’s stock valued at $431,186,000 after purchasing an additional 2,251,708 shares in the last quarter. Bank of Montreal Can grew its position in shares of FirstEnergy by 9.8% in the third quarter. Bank of Montreal Can now owns 705,256 shares of the utilities provider’s stock valued at $26,215,000 after purchasing an additional 63,208 shares in the last quarter. DT Investment Partners LLC grew its position in shares of FirstEnergy by 9.1% in the third quarter. DT Investment Partners LLC now owns 92,481 shares of the utilities provider’s stock valued at $3,438,000 after purchasing an additional 7,734 shares in the last quarter. Mount Yale Investment Advisors LLC grew its position in shares of FirstEnergy by 4.9% in the second quarter. Mount Yale Investment Advisors LLC now owns 203,333 shares of the utilities provider’s stock valued at $7,302,000 after purchasing an additional 9,466 shares in the last quarter. Finally, Chevy Chase Trust Holdings Inc. grew its position in shares of FirstEnergy by 5.6% in the third quarter. Chevy Chase Trust Holdings Inc. now owns 505,039 shares of the utilities provider’s stock valued at $18,772,000 after purchasing an additional 26,752 shares in the last quarter. Institutional investors own 90.57% of the company’s stock.

NYSE:FE opened at $37.95 on Wednesday. The company has a debt-to-equity ratio of 2.44, a quick ratio of 0.41 and a current ratio of 0.45. FirstEnergy Corp. has a 52 week low of $29.33 and a 52 week high of $39.38. The firm has a market cap of $19.71 billion, a price-to-earnings ratio of 12.36, a PEG ratio of 2.53 and a beta of 0.24.

FirstEnergy (NYSE:FE) last released its quarterly earnings results on Thursday, October 25th. The utilities provider reported $0.80 EPS for the quarter, topping analysts’ consensus estimates of $0.71 by $0.09. FirstEnergy had a positive return on equity of 24.42% and a negative net margin of 11.86%. The company had revenue of $3.06 billion for the quarter, compared to analysts’ expectations of $2.82 billion. As a group, analysts anticipate that FirstEnergy Corp. will post 2.54 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Friday, March 1st. Shareholders of record on Thursday, February 7th will be paid a dividend of $0.38 per share. This represents a $1.52 dividend on an annualized basis and a yield of 4.01%. This is a boost from FirstEnergy’s previous quarterly dividend of $0.36. The ex-dividend date of this dividend is Wednesday, February 6th. FirstEnergy’s dividend payout ratio is 46.91%.

Several research analysts recently weighed in on FE shares. Zacks Investment Research upgraded FirstEnergy from a “hold” rating to a “buy” rating and set a $43.00 price objective for the company in a research report on Wednesday, October 10th. Wells Fargo & Co reiterated a “buy” rating and issued a $42.00 price objective (up from $41.00) on shares of FirstEnergy in a research report on Monday, September 17th. Bank of America increased their price objective on FirstEnergy from $38.00 to $39.00 and gave the stock a “buy” rating in a research report on Wednesday, August 1st. Citigroup increased their price objective on FirstEnergy from $34.00 to $37.00 and gave the stock a “neutral” rating in a research report on Wednesday, October 3rd. Finally, ValuEngine upgraded FirstEnergy from a “hold” rating to a “buy” rating in a research report on Tuesday, October 9th. Two equities research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. FirstEnergy presently has an average rating of “Buy” and an average price target of $40.00.

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About FirstEnergy

FirstEnergy Corp., through its subsidiaries, generates, transmits, and distributes electricity in the United States. The company operates through Regulated Distribution, Regulated Transmission, and Competitive Energy Services segments. It owns and operates coal-fired, nuclear, hydroelectric, oil and natural gas, wind, and solar power generating facilities.

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Institutional Ownership by Quarter for FirstEnergy (NYSE:FE)

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