FDx Advisors Inc. increased its holdings in shares of FirstEnergy Corporation (NYSE:FE) by 9.8% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 60,391 shares of the utilities provider’s stock after buying an additional 5,415 shares during the period. FDx Advisors Inc.’s holdings in FirstEnergy Corporation were worth $1,862,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also bought and sold shares of the stock. Global X MANAGEMENT CO LLC increased its stake in FirstEnergy Corporation by 3.2% in the third quarter. Global X MANAGEMENT CO LLC now owns 282,179 shares of the utilities provider’s stock valued at $8,700,000 after purchasing an additional 8,658 shares in the last quarter. Swiss National Bank increased its stake in FirstEnergy Corporation by 1.3% in the third quarter. Swiss National Bank now owns 1,633,781 shares of the utilities provider’s stock valued at $50,369,000 after purchasing an additional 21,600 shares in the last quarter. Oregon Public Employees Retirement Fund increased its stake in FirstEnergy Corporation by 2.2% in the third quarter. Oregon Public Employees Retirement Fund now owns 181,089 shares of the utilities provider’s stock valued at $5,583,000 after purchasing an additional 3,923 shares in the last quarter. Keybank National Association OH increased its stake in FirstEnergy Corporation by 283.2% in the third quarter. Keybank National Association OH now owns 72,516 shares of the utilities provider’s stock valued at $2,236,000 after purchasing an additional 53,591 shares in the last quarter. Finally, United Asset Strategies Inc. increased its stake in FirstEnergy Corporation by 5.3% in the third quarter. United Asset Strategies Inc. now owns 83,367 shares of the utilities provider’s stock valued at $2,570,000 after purchasing an additional 4,232 shares in the last quarter. 79.23% of the stock is owned by institutional investors and hedge funds.

Shares of FirstEnergy Corporation (NYSE FE) traded up $0.28 on Monday, reaching $33.88. 3,961,700 shares of the company traded hands, compared to its average volume of 4,256,072. FirstEnergy Corporation has a fifty-two week low of $27.93 and a fifty-two week high of $33.99. The firm has a market capitalization of $15,071.79, a PE ratio of 12.41 and a beta of 0.24. The company has a debt-to-equity ratio of 3.29, a current ratio of 0.69 and a quick ratio of 0.56.

FirstEnergy Corporation (NYSE:FE) last announced its earnings results on Thursday, October 26th. The utilities provider reported $0.97 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.86 by $0.11. FirstEnergy Corporation had a negative net margin of 35.99% and a positive return on equity of 19.29%. The business had revenue of $3.70 billion during the quarter, compared to analysts’ expectations of $3.72 billion. During the same quarter in the prior year, the company posted $0.90 earnings per share. equities research analysts predict that FirstEnergy Corporation will post 3.02 EPS for the current year.

The company also recently declared a quarterly dividend, which will be paid on Friday, December 1st. Shareholders of record on Tuesday, November 7th will be given a dividend of $0.36 per share. This represents a $1.44 annualized dividend and a yield of 4.25%. The ex-dividend date is Monday, November 6th. FirstEnergy Corporation’s dividend payout ratio (DPR) is currently -12.31%.

Several brokerages have commented on FE. Mizuho reaffirmed a “hold” rating and issued a $30.50 target price on shares of FirstEnergy Corporation in a research note on Tuesday, October 24th. Bank of America Corporation began coverage on shares of FirstEnergy Corporation in a research note on Tuesday, October 24th. They issued a “neutral” rating and a $34.00 target price for the company. KeyCorp reaffirmed a “hold” rating on shares of FirstEnergy Corporation in a research note on Friday, October 20th. Citigroup Inc. upped their target price on shares of FirstEnergy Corporation from $31.00 to $34.00 and gave the company a “neutral” rating in a research note on Tuesday, October 17th. Finally, Deutsche Bank AG upgraded shares of FirstEnergy Corporation from a “hold” rating to a “buy” rating in a report on Tuesday, October 17th. Thirteen research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus price target of $34.39.

ILLEGAL ACTIVITY WARNING: “FDx Advisors Inc. Acquires 5,415 Shares of FirstEnergy Corporation (FE)” was posted by Watch List News and is the property of of Watch List News. If you are reading this story on another site, it was illegally stolen and republished in violation of United States and international trademark and copyright legislation. The original version of this story can be viewed at https://www.watchlistnews.com/fdx-advisors-inc-acquires-5415-shares-of-firstenergy-corporation-fe/1700082.html.

FirstEnergy Corporation Profile

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.

Want to see what other hedge funds are holding FE? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for FirstEnergy Corporation (NYSE:FE).

Institutional Ownership by Quarter for FirstEnergy Corporation (NYSE:FE)

Receive News & Ratings for FirstEnergy Corporation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for FirstEnergy Corporation and related companies with Analyst Ratings Network's FREE daily email newsletter.