GSA Capital Partners LLP lowered its stake in shares of FirstEnergy Corp. (NYSE:FE) by 16.4% in the fourth quarter, according to its most recent disclosure with the SEC. The fund owned 13,662 shares of the utilities provider’s stock after selling 2,675 shares during the period. GSA Capital Partners LLP’s holdings in FirstEnergy were worth $513,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently made changes to their positions in FE. Private Advisor Group LLC boosted its position in FirstEnergy by 45.5% during the third quarter. Private Advisor Group LLC now owns 19,592 shares of the utilities provider’s stock valued at $728,000 after purchasing an additional 6,125 shares in the last quarter. WINTON GROUP Ltd boosted its position in FirstEnergy by 27.8% during the third quarter. WINTON GROUP Ltd now owns 8,539 shares of the utilities provider’s stock valued at $317,000 after purchasing an additional 1,857 shares in the last quarter. ING Groep NV bought a new stake in FirstEnergy during the third quarter valued at about $452,000. SG Americas Securities LLC boosted its position in FirstEnergy by 171.9% during the third quarter. SG Americas Securities LLC now owns 47,335 shares of the utilities provider’s stock valued at $1,759,000 after purchasing an additional 29,928 shares in the last quarter. Finally, Sumitomo Mitsui Trust Holdings Inc. boosted its position in FirstEnergy by 1.3% during the third quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 1,491,309 shares of the utilities provider’s stock valued at $55,432,000 after purchasing an additional 19,419 shares in the last quarter. 94.49% of the stock is owned by institutional investors and hedge funds.

FE opened at $41.21 on Friday. The stock has a market capitalization of $22.06 billion, a PE ratio of 15.91 and a beta of 0.30. The company has a current ratio of 0.52, a quick ratio of 0.46 and a debt-to-equity ratio of 2.63. FirstEnergy Corp. has a one year low of $32.92 and a one year high of $41.78.

FirstEnergy (NYSE:FE) last issued its earnings results on Tuesday, February 19th. The utilities provider reported $0.50 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.47 by $0.03. The business had revenue of $2.71 billion during the quarter, compared to the consensus estimate of $2.67 billion. FirstEnergy had a return on equity of 21.13% and a net margin of 10.41%. During the same period in the prior year, the business posted $0.71 EPS. On average, research analysts expect that FirstEnergy Corp. will post 2.56 earnings per share for the current year.

In other news, EVP Leila L. Vespoli sold 24,400 shares of the business’s stock in a transaction that occurred on Monday, March 11th. The stock was sold at an average price of $41.33, for a total transaction of $1,008,452.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, EVP James F. Pearson sold 40,000 shares of the company’s stock in a transaction that occurred on Wednesday, January 9th. The stock was sold at an average price of $37.87, for a total value of $1,514,800.00. The disclosure for this sale can be found here. 0.27% of the stock is currently owned by insiders.

FE has been the topic of a number of recent research reports. Zacks Investment Research raised FirstEnergy from a “hold” rating to a “buy” rating and set a $46.00 price objective on the stock in a research report on Monday, March 4th. Morgan Stanley set a $38.00 price objective on FirstEnergy and gave the company a “buy” rating in a research report on Thursday, December 20th. Finally, Barclays raised their price objective on FirstEnergy from $39.00 to $40.00 and gave the company a “hold” rating in a research report on Monday, November 19th. Two research analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. The company currently has an average rating of “Buy” and a consensus price target of $41.14.

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FirstEnergy Company 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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