SG Americas Securities LLC lowered its stake in FirstEnergy Corporation (NYSE:FE) by 3.1% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 46,138 shares of the utilities provider’s stock after selling 1,477 shares during the period. SG Americas Securities LLC’s holdings in FirstEnergy Corporation were worth $1,345,000 as of its most recent SEC filing.

Other institutional investors have also bought and sold shares of the company. BlackRock Inc. increased its position in FirstEnergy Corporation by 4,036.6% in the first quarter. BlackRock Inc. now owns 38,676,251 shares of the utilities provider’s stock valued at $1,230,678,000 after buying an additional 37,741,283 shares during the last quarter. Bank of New York Mellon Corp increased its position in FirstEnergy Corporation by 90.8% in the first quarter. Bank of New York Mellon Corp now owns 10,801,367 shares of the utilities provider’s stock valued at $343,698,000 after buying an additional 5,141,450 shares during the last quarter. Vanguard Group Inc. increased its position in FirstEnergy Corporation by 7.1% in the first quarter. Vanguard Group Inc. now owns 35,965,731 shares of the utilities provider’s stock valued at $1,144,430,000 after buying an additional 2,378,538 shares during the last quarter. Prudential Financial Inc. increased its position in FirstEnergy Corporation by 73.2% in the first quarter. Prudential Financial Inc. now owns 5,096,548 shares of the utilities provider’s stock valued at $162,172,000 after buying an additional 2,154,657 shares during the last quarter. Finally, Bank of America Corp DE increased its position in FirstEnergy Corporation by 54.8% in the first quarter. Bank of America Corp DE now owns 4,423,238 shares of the utilities provider’s stock valued at $140,747,000 after buying an additional 1,566,627 shares during the last quarter. 79.85% of the stock is currently owned by hedge funds and other institutional investors.

Shares of FirstEnergy Corporation (NYSE FE) opened at 32.60 on Thursday. The company has a 50 day moving average of $31.55 and a 200 day moving average of $30.57. The company’s market cap is $14.48 billion. FirstEnergy Corporation has a 1-year low of $27.93 and a 1-year high of $34.96.

FirstEnergy Corporation (NYSE:FE) last posted its earnings results on Thursday, July 27th. The utilities provider reported $0.61 earnings per share for the quarter, hitting the consensus estimate of $0.61. The firm had revenue of $3.30 billion during the quarter, compared to the consensus estimate of $3.38 billion. FirstEnergy Corporation had a negative net margin of 35.59% and a positive return on equity of 15.41%. The company’s revenue was down 3.0% on a year-over-year basis. During the same quarter last year, the company earned $0.56 earnings per share. Equities analysts expect that FirstEnergy Corporation will post $2.82 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Friday, September 1st. Stockholders of record on Monday, August 7th will be paid a $0.36 dividend. The ex-dividend date of this dividend is Thursday, August 3rd. This represents a $1.44 annualized dividend and a dividend yield of 4.42%. FirstEnergy Corporation’s payout ratio is -12.31%.

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FE has been the topic of several analyst reports. Goldman Sachs Group, Inc. (The) downgraded shares of FirstEnergy Corporation from a “positive” rating to a “neutral” rating in a research report on Monday, June 26th. Morgan Stanley reissued an “overweight” rating on shares of FirstEnergy Corporation in a research report on Tuesday, July 11th. Zacks Investment Research downgraded shares of FirstEnergy Corporation from a “hold” rating to a “sell” rating in a research report on Tuesday, July 4th. Wolfe Research raised shares of FirstEnergy Corporation from an “underperform” rating to a “market perform” rating and increased their target price for the stock from $30.00 to $32.00 in a research report on Monday, June 26th. Finally, ValuEngine cut shares of FirstEnergy Corporation from a “buy” rating to a “hold” rating in a report on Friday, June 2nd. One analyst has rated the stock with a sell rating, twelve have assigned a hold rating and five have given a buy rating to the company’s stock. FirstEnergy Corporation presently has a consensus rating of “Hold” and an average target price of $33.80.

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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