Dreman Value Management L L C held its stake in FirstEnergy Corporation (NYSE:FE) during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 12,703 shares of the utilities provider’s stock at the end of the second quarter. Dreman Value Management L L C’s holdings in FirstEnergy Corporation were worth $404,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. Verition Fund Management LLC boosted its holdings in FirstEnergy Corporation by 188.4% in the second quarter. Verition Fund Management LLC now owns 92,295 shares of the utilities provider’s stock valued at $2,691,000 after purchasing an additional 60,292 shares in the last quarter. National Asset Management Inc. boosted its holdings in FirstEnergy Corporation by 4.8% in the second quarter. National Asset Management Inc. now owns 8,245 shares of the utilities provider’s stock valued at $242,000 after purchasing an additional 379 shares in the last quarter. Raymond James Financial Services Advisors Inc. boosted its holdings in FirstEnergy Corporation by 6.4% in the second quarter. Raymond James Financial Services Advisors Inc. now owns 56,992 shares of the utilities provider’s stock valued at $1,662,000 after purchasing an additional 3,425 shares in the last quarter. 361 Capital LLC boosted its holdings in FirstEnergy Corporation by 15.8% in the second quarter. 361 Capital LLC now owns 277,468 shares of the utilities provider’s stock valued at $8,091,000 after purchasing an additional 37,953 shares in the last quarter. Finally, Simmons Bank boosted its holdings in FirstEnergy Corporation by 2.8% in the second quarter. Simmons Bank now owns 16,475 shares of the utilities provider’s stock valued at $480,000 after purchasing an additional 450 shares in the last quarter. 80.02% of the stock is owned by hedge funds and other institutional investors.

A number of equities analysts recently issued reports on the company. Goldman Sachs Group, Inc. (The) downgraded FirstEnergy Corporation from a “positive” rating to a “neutral” rating in a report on Monday, June 26th. Evercore ISI raised FirstEnergy Corporation from an “in-line” rating to an “outperform” rating and upped their price target for the company from $30.00 to $35.00 in a report on Monday, August 14th. Tudor Pickering raised FirstEnergy Corporation from a “trim” rating to a “hold” rating in a report on Friday, July 14th. Jefferies Group LLC reaffirmed a “hold” rating and issued a $33.00 price target (up from $31.00) on shares of FirstEnergy Corporation in a report on Monday, July 31st. Finally, Zacks Investment Research downgraded FirstEnergy Corporation from a “buy” rating to a “hold” rating in a report on Monday, September 18th. Twelve research analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average price target of $34.16.

Shares of FirstEnergy Corporation (NYSE FE) traded down 0.03% during midday trading on Tuesday, reaching $32.05. The company’s stock had a trading volume of 490,958 shares. The firm’s market capitalization is $14.24 billion. FirstEnergy Corporation has a 1-year low of $27.93 and a 1-year high of $34.83. The company’s 50-day moving average price is $31.64 and its 200 day moving average price is $30.68.

FirstEnergy Corporation (NYSE:FE) last announced its earnings results on Thursday, July 27th. The utilities provider reported $0.61 earnings per share for the quarter, meeting the consensus estimate of $0.61. The firm had revenue of $3.30 billion for the quarter, compared to the consensus estimate of $3.38 billion. FirstEnergy Corporation had a positive return on equity of 15.41% and a negative net margin of 35.59%. The firm’s revenue for the quarter was down 3.0% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.56 EPS. On average, equities research analysts forecast that FirstEnergy Corporation will post $2.82 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 1st. Stockholders of record on Tuesday, November 7th will be paid a $0.36 dividend. This represents a $1.44 dividend on an annualized basis and a dividend yield of 4.49%. The ex-dividend date of this dividend is Monday, November 6th. FirstEnergy Corporation’s dividend payout ratio is presently -12.31%.

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About FirstEnergy Corporation

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.

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

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