Rothschild Asset Management Inc. boosted its stake in FirstEnergy Corporation (NYSE:FE) by 9.3% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 18,936 shares of the utilities provider’s stock after buying an additional 1,615 shares during the period. Rothschild Asset Management Inc.’s holdings in FirstEnergy Corporation were worth $552,000 as of its most recent SEC filing.

Other hedge funds have also recently bought and sold shares of the company. Oppenheimer Asset Management Inc. purchased a new stake in FirstEnergy Corporation during the first quarter valued at $139,000. City Holding Co. raised its stake in shares of FirstEnergy Corporation by 8.2% in the second quarter. City Holding Co. now owns 5,261 shares of the utilities provider’s stock worth $153,000 after buying an additional 400 shares in the last quarter. Sandy Spring Bank raised its stake in shares of FirstEnergy Corporation by 1.9% in the first quarter. Sandy Spring Bank now owns 5,075 shares of the utilities provider’s stock worth $161,000 after buying an additional 97 shares in the last quarter. Ledyard National Bank bought a new stake in shares of FirstEnergy Corporation during the first quarter worth $174,000. Finally, Campbell & CO Investment Adviser LLC bought a new stake in shares of FirstEnergy Corporation during the first quarter worth $215,000. 78.11% of the stock is owned by institutional investors.

Shares of FirstEnergy Corporation (FE) opened at 32.17 on Friday. The company’s market capitalization is $14.29 billion. FirstEnergy Corporation has a 52-week low of $27.93 and a 52-week high of $34.96. The company has a 50-day moving average of $30.62 and a 200 day moving average of $30.36.

FirstEnergy Corporation (NYSE:FE) last issued its earnings results on Thursday, July 27th. The utilities provider reported $0.61 earnings per share (EPS) for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.61. The business had revenue of $3.30 billion for the quarter, compared to analyst estimates of $3.38 billion. FirstEnergy Corporation had a negative net margin of 35.59% and a positive return on equity of 15.41%. FirstEnergy Corporation’s revenue was down 3.0% on a year-over-year basis. During the same period in the prior year, the firm earned $0.56 earnings per share. Analysts predict that FirstEnergy Corporation will post $2.81 earnings per share for the current year.

The business also recently announced a quarterly dividend, which will be paid on Friday, September 1st. Investors of record on Monday, August 7th will be paid a dividend of $0.36 per share. This represents a $1.44 annualized dividend and a yield of 4.48%. The ex-dividend date is Thursday, August 3rd. FirstEnergy Corporation’s dividend payout ratio is presently -12.31%.

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A number of analysts recently weighed in on FE shares. J P Morgan Chase & Co lowered shares of FirstEnergy Corporation from an “overweight” rating to a “neutral” rating and lowered their price target for the company from $36.00 to $32.00 in a report on Monday, May 1st. Mizuho reissued a “neutral” rating and issued a $31.25 price target on shares of FirstEnergy Corporation in a report on Wednesday, April 19th. Goldman Sachs Group, Inc. (The) lowered shares of FirstEnergy Corporation from a “positive” rating to a “neutral” rating in a report on Monday, June 26th. Barclays PLC raised shares of FirstEnergy Corporation from an “equal weight” rating to an “overweight” rating and lowered their price target for the company from $38.00 to $36.00 in a report on Monday, May 1st. Finally, Morgan Stanley reissued an “overweight” rating on shares of FirstEnergy Corporation in a report on Tuesday, July 11th. One analyst has rated the stock with a sell rating, twelve have issued a hold rating and five have assigned a buy rating to the stock. FirstEnergy Corporation has a consensus rating of “Hold” and a consensus target price of $33.71.

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.

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

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