Stevens Capital Management LP lowered its position in FirstEnergy Corporation (NYSE:FE) by 2.2% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 474,024 shares of the utilities provider’s stock after selling 10,591 shares during the period. Stevens Capital Management LP owned about 0.11% of FirstEnergy Corporation worth $14,614,000 at the end of the most recent reporting period.

Other hedge funds have also recently made changes to their positions in the company. Patriot Financial Group Insurance Agency LLC increased its holdings in FirstEnergy Corporation by 22.1% during the second quarter. Patriot Financial Group Insurance Agency LLC now owns 3,633 shares of the utilities provider’s stock worth $106,000 after buying an additional 658 shares during the last quarter. Archford Capital Strategies LLC increased its holdings in FirstEnergy Corporation by 2,045.8% during the second quarter. Archford Capital Strategies LLC now owns 4,077 shares of the utilities provider’s stock worth $262,000 after buying an additional 3,887 shares during the last quarter. Oppenheimer Asset Management Inc. purchased a new stake in FirstEnergy Corporation during the first quarter worth about $139,000. Sandy Spring Bank increased its holdings in FirstEnergy Corporation by 1.3% during the second quarter. Sandy Spring Bank now owns 5,141 shares of the utilities provider’s stock worth $150,000 after buying an additional 66 shares during the last quarter. Finally, City Holding Co. increased its holdings in FirstEnergy Corporation by 8.2% during 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 during the last quarter. Institutional investors own 80.21% of the company’s stock.

A number of equities analysts have weighed in on FE shares. Morgan Stanley increased their target price on shares of FirstEnergy Corporation from $39.00 to $40.00 and gave the stock an “overweight” rating in a research report on Friday, September 8th. Zacks Investment Research lowered shares of FirstEnergy Corporation from a “buy” rating to a “hold” rating in a research report on Tuesday, September 12th. ValuEngine lowered shares of FirstEnergy Corporation from a “buy” rating to a “hold” rating in a research report on Tuesday, September 12th. Deutsche Bank AG restated a “hold” rating and issued a $34.00 price objective (up from $31.00) on shares of FirstEnergy Corporation in a research report on Monday, July 31st. Finally, Tudor Pickering upgraded shares of FirstEnergy Corporation from a “trim” rating to a “hold” rating in a research report on Friday, July 14th. Thirteen research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. FirstEnergy Corporation currently has a consensus rating of “Hold” and an average target price of $34.39.

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FirstEnergy Corporation (FE) traded up $0.21 during trading hours on Monday, reaching $32.96. 782,338 shares of the company traded hands, compared to its average volume of 3,806,363. The company has a market capitalization of $14,569.10, a PE ratio of 12.00 and a beta of 0.24. FirstEnergy Corporation has a twelve month low of $27.93 and a twelve month high of $34.83. 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 released its quarterly earnings results on Thursday, October 26th. The utilities provider reported $0.97 earnings per share for the quarter, beating the consensus estimate of $0.86 by $0.11. The business had revenue of $3.70 billion for the quarter, compared to analysts’ expectations of $3.72 billion. FirstEnergy Corporation had a negative net margin of 35.99% and a positive return on equity of 19.29%. During the same quarter in the previous year, the business posted $0.90 earnings per share. analysts predict that FirstEnergy Corporation will post 3.02 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Friday, December 1st. Stockholders of record on Tuesday, November 7th will be issued a dividend of $0.36 per share. This represents a $1.44 dividend on an annualized basis and a dividend yield of 4.37%. The ex-dividend date of this dividend is Monday, November 6th. FirstEnergy Corporation’s dividend payout ratio (DPR) is presently -12.31%.

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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