Tdam USA Inc. cut its stake in shares of FirstEnergy Corp. (NYSE:FE) by 4.4% during the first quarter, according to its most recent disclosure with the SEC. The institutional investor owned 281,905 shares of the utilities provider’s stock after selling 12,846 shares during the period. Tdam USA Inc.’s holdings in FirstEnergy were worth $11,730,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently made changes to their positions in FE. Vanguard Group Inc grew its position in FirstEnergy by 4.4% during the third quarter. Vanguard Group Inc now owns 58,780,161 shares of the utilities provider’s stock valued at $2,184,859,000 after purchasing an additional 2,480,578 shares in the last quarter. Oregon Public Employees Retirement Fund grew its position in FirstEnergy by 3,931.3% during the fourth quarter. Oregon Public Employees Retirement Fund now owns 1,984,292 shares of the utilities provider’s stock valued at $53,000 after purchasing an additional 1,935,070 shares in the last quarter. FMR LLC grew its position in FirstEnergy by 15.9% during the fourth quarter. FMR LLC now owns 10,979,972 shares of the utilities provider’s stock valued at $412,298,000 after purchasing an additional 1,509,442 shares in the last quarter. Massachusetts Financial Services Co. MA grew its position in FirstEnergy by 95.4% during the fourth quarter. Massachusetts Financial Services Co. MA now owns 2,834,517 shares of the utilities provider’s stock valued at $106,436,000 after purchasing an additional 1,384,002 shares in the last quarter. Finally, Legal & General Group Plc grew its position in FirstEnergy by 41.1% during the fourth quarter. Legal & General Group Plc now owns 4,624,023 shares of the utilities provider’s stock valued at $173,595,000 after purchasing an additional 1,347,452 shares in the last quarter. 90.52% of the stock is currently owned by hedge funds and other institutional investors.

NYSE FE traded up $0.33 during trading on Monday, reaching $42.80. The company’s stock had a trading volume of 89,427 shares, compared to its average volume of 3,322,324. The company has a quick ratio of 0.47, a current ratio of 0.54 and a debt-to-equity ratio of 2.72. The stock has a market capitalization of $22.57 billion, a PE ratio of 16.54, a price-to-earnings-growth ratio of 2.74 and a beta of 0.30. FirstEnergy Corp. has a 1-year low of $32.92 and a 1-year high of $42.63.

FirstEnergy (NYSE:FE) last posted its earnings results on Tuesday, April 23rd. The utilities provider reported $0.67 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.68 by ($0.01). The business had revenue of $2.90 billion during the quarter, compared to analyst estimates of $2.88 billion. FirstEnergy had a net margin of 2.63% and a return on equity of 21.90%. FirstEnergy’s revenue was up .0% compared to the same quarter last year. During the same quarter last year, the firm earned $0.67 earnings per share. As a group, equities analysts anticipate that FirstEnergy Corp. will post 2.59 EPS for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Saturday, June 1st. Shareholders of record on Tuesday, May 7th will be paid a $0.38 dividend. This represents a $1.52 dividend on an annualized basis and a yield of 3.55%. The ex-dividend date of this dividend is Monday, May 6th. FirstEnergy’s dividend payout ratio (DPR) is presently 58.69%.

In other FirstEnergy news, EVP Leila L. Vespoli sold 24,400 shares of FirstEnergy stock in a transaction that occurred on Monday, March 11th. The shares were sold at an average price of $41.33, for a total value of $1,008,452.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.32% of the stock is owned by insiders.

FE has been the topic of a number of research analyst reports. Morgan Stanley set a $44.00 price objective on shares of FirstEnergy and gave the company a “buy” rating in a research report on Friday, April 5th. Bank of America lifted their target price on shares of FirstEnergy from $41.00 to $46.00 and gave the company a “buy” rating in a research note on Thursday, March 28th. Zacks Investment Research upgraded shares of FirstEnergy from a “hold” rating to a “buy” rating and set a $46.00 target price for the company in a research note on Wednesday, May 1st. Finally, Barclays upgraded shares of FirstEnergy from an “equal weight” rating to an “overweight” rating and lifted their target price for the company from $40.00 to $46.00 in a research note on Wednesday, March 20th. One analyst has rated the stock with a hold rating and seven have given a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and an average target price of $42.86.

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FirstEnergy Profile

FirstEnergy Corp., through its subsidiaries, generates, transmits, and distributes electricity in the United States. The company operates through Regulated Distribution and Regulated Transmission segments. It 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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