Oregon Public Employees Retirement Fund lifted its holdings in shares of FirstEnergy Corporation (NYSE:FE) by 2.2% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 181,089 shares of the utilities provider’s stock after purchasing an additional 3,923 shares during the period. Oregon Public Employees Retirement Fund’s holdings in FirstEnergy Corporation were worth $5,583,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Vanguard Group Inc. raised its stake in shares of FirstEnergy Corporation by 23.4% during the 2nd quarter. Vanguard Group Inc. now owns 44,375,170 shares of the utilities provider’s stock worth $1,293,979,000 after purchasing an additional 8,409,439 shares during the period. BlackRock Inc. raised its stake in shares of FirstEnergy Corporation by 13.9% during the 2nd quarter. BlackRock Inc. now owns 44,045,492 shares of the utilities provider’s stock worth $1,284,363,000 after purchasing an additional 5,369,241 shares during the period. LSV Asset Management raised its stake in shares of FirstEnergy Corporation by 2.7% during the 2nd quarter. LSV Asset Management now owns 14,438,631 shares of the utilities provider’s stock worth $421,030,000 after purchasing an additional 385,978 shares during the period. Bank of New York Mellon Corp raised its stake in shares of FirstEnergy Corporation by 6.9% during the 2nd quarter. Bank of New York Mellon Corp now owns 11,546,862 shares of the utilities provider’s stock worth $336,706,000 after purchasing an additional 745,495 shares during the period. Finally, Thompson Siegel & Walmsley LLC raised its stake in shares of FirstEnergy Corporation by 23.3% during the 2nd quarter. Thompson Siegel & Walmsley LLC now owns 6,071,635 shares of the utilities provider’s stock worth $177,049,000 after purchasing an additional 1,148,955 shares during the period. Institutional investors own 80.21% of the company’s stock.

Shares of FirstEnergy Corporation (NYSE FE) opened at $33.60 on Friday. FirstEnergy Corporation has a 52-week low of $27.93 and a 52-week high of $33.99. The firm has a market capitalization of $15,005.06, a PE ratio of 12.35 and a beta of 0.24. The company has a current ratio of 0.69, a quick ratio of 0.56 and a debt-to-equity ratio of 3.29.

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

The business also recently declared a quarterly dividend, which will be paid on Friday, December 1st. Stockholders 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 dividend yield of 4.29%. The ex-dividend date of this dividend is Monday, November 6th. FirstEnergy Corporation’s dividend payout ratio is presently -12.31%.

A number of equities research analysts have recently commented on FE shares. Morgan Stanley lifted their target price on FirstEnergy Corporation from $39.00 to $40.00 and gave the stock an “overweight” rating in a research note on Friday, September 8th. Zacks Investment Research cut FirstEnergy Corporation from a “buy” rating to a “hold” rating in a research note on Tuesday, September 12th. ValuEngine cut FirstEnergy Corporation from a “buy” rating to a “hold” rating in a research note on Tuesday, September 12th. Deutsche Bank AG reiterated a “hold” rating and set a $34.00 target price (up from $31.00) on shares of FirstEnergy Corporation in a research note on Monday, July 31st. Finally, KeyCorp reiterated a “hold” rating on shares of FirstEnergy Corporation in a research note on Friday, October 20th. Thirteen investment analysts have rated the stock with a hold rating and six have given a buy rating to the company. FirstEnergy Corporation currently has a consensus rating of “Hold” and an average price target of $34.39.

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FirstEnergy Corporation Company 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.

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

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