FirstEnergy Corp. (NYSE:FE) Shares Bought by Centennial Wealth Advisory LLC

Centennial Wealth Advisory LLC boosted its position in shares of FirstEnergy Corp. (NYSE:FE) by 5.0% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 7,513 shares of the utilities provider’s stock after buying an additional 358 shares during the quarter. Centennial Wealth Advisory LLC’s holdings in FirstEnergy were worth $333,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in FE. Livelsberger Financial Advisory acquired a new stake in shares of FirstEnergy in the third quarter valued at about $26,000. ST Germain D J Co. Inc. raised its stake in FirstEnergy by 1,138.9% during the second quarter. ST Germain D J Co. Inc. now owns 669 shares of the utilities provider’s stock worth $26,000 after purchasing an additional 615 shares during the period. Strategic Investment Solutions Inc. IL purchased a new position in FirstEnergy during the second quarter worth about $32,000. Sachetta LLC raised its stake in FirstEnergy by 36.0% during the second quarter. Sachetta LLC now owns 929 shares of the utilities provider’s stock worth $39,000 after purchasing an additional 246 shares during the period. Finally, Western Pacific Wealth Management LP purchased a new position in FirstEnergy during the first quarter worth about $36,000. Institutional investors and hedge funds own 89.41% of the company’s stock.

Analyst Upgrades and Downgrades

FE has been the topic of a number of analyst reports. Bank of America lifted their target price on shares of FirstEnergy from $42.00 to $43.00 and gave the stock an “underperform” rating in a research note on Thursday, August 29th. Jefferies Financial Group assumed coverage on shares of FirstEnergy in a report on Monday, October 14th. They set a “hold” rating and a $46.00 price target for the company. Scotiabank boosted their price target on shares of FirstEnergy from $40.00 to $45.00 and gave the stock a “sector perform” rating in a report on Tuesday, August 20th. JPMorgan Chase & Co. boosted their price target on shares of FirstEnergy from $45.00 to $46.00 and gave the stock a “neutral” rating in a report on Friday, October 18th. Finally, Wells Fargo & Company upped their target price on shares of FirstEnergy from $42.00 to $45.00 and gave the company an “equal weight” rating in a report on Thursday, August 1st. One analyst has rated the stock with a sell rating, eight have issued a hold rating and four have given a buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $46.00.

FirstEnergy Trading Down 0.0 %

NYSE FE traded down $0.01 during mid-day trading on Wednesday, hitting $41.89. The company’s stock had a trading volume of 107,223 shares, compared to its average volume of 2,936,945. FirstEnergy Corp. has a 52-week low of $34.92 and a 52-week high of $44.97. The stock’s fifty day simple moving average is $43.55 and its two-hundred day simple moving average is $41.19. The company has a debt-to-equity ratio of 1.58, a current ratio of 0.56 and a quick ratio of 0.46. The firm has a market capitalization of $24.14 billion, a P/E ratio of 26.79, a price-to-earnings-growth ratio of 2.24 and a beta of 0.51.

FirstEnergy (NYSE:FE) last released its quarterly earnings results on Tuesday, October 29th. The utilities provider reported $0.85 earnings per share for the quarter, missing analysts’ consensus estimates of $0.90 by ($0.05). FirstEnergy had a return on equity of 11.38% and a net margin of 6.64%. The company had revenue of $3.73 billion for the quarter, compared to analyst estimates of $3.96 billion. During the same period in the previous year, the business posted $0.88 EPS. The firm’s quarterly revenue was up 6.9% compared to the same quarter last year. Research analysts expect that FirstEnergy Corp. will post 2.69 EPS for the current year.

FirstEnergy Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Sunday, December 1st. Stockholders of record on Thursday, November 7th will be given a dividend of $0.425 per share. This represents a $1.70 dividend on an annualized basis and a dividend yield of 4.06%. The ex-dividend date of this dividend is Thursday, November 7th. FirstEnergy’s payout ratio is currently 109.68%.

FirstEnergy Profile

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