Stifel Financial Corp grew its holdings in FirstEnergy Corp. (NYSE:FE) by 2.9% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 316,414 shares of the utilities provider’s stock after acquiring an additional 8,781 shares during the period. Stifel Financial Corp owned about 0.06% of FirstEnergy worth $11,874,000 as of its most recent SEC filing.

Other hedge funds have also modified their holdings of the company. Vanguard Group Inc increased its stake in FirstEnergy by 4.4% during the 3rd quarter. Vanguard Group Inc now owns 58,780,161 shares of the utilities provider’s stock worth $2,184,859,000 after buying an additional 2,480,578 shares during the period. Vanguard Group Inc. increased its stake in FirstEnergy by 4.4% during the 3rd quarter. Vanguard Group Inc. now owns 58,780,161 shares of the utilities provider’s stock worth $2,184,859,000 after buying an additional 2,480,578 shares during the period. Oregon Public Employees Retirement Fund increased its stake in FirstEnergy by 3,931.3% during the 4th quarter. Oregon Public Employees Retirement Fund now owns 1,984,292 shares of the utilities provider’s stock worth $53,000 after buying an additional 1,935,070 shares during the period. Massachusetts Financial Services Co. MA increased its stake in FirstEnergy by 95.4% during the 4th quarter. Massachusetts Financial Services Co. MA now owns 2,834,517 shares of the utilities provider’s stock worth $106,436,000 after buying an additional 1,384,002 shares during the period. Finally, BlackRock Inc. increased its stake in FirstEnergy by 2.4% during the 3rd quarter. BlackRock Inc. now owns 58,738,683 shares of the utilities provider’s stock worth $2,183,318,000 after buying an additional 1,352,890 shares during the period. 94.49% of the stock is currently owned by institutional investors and hedge funds.

Several equities research analysts recently issued reports on the stock. Zacks Investment Research raised shares of FirstEnergy from a “hold” rating to a “buy” rating and set a $46.00 price target on the stock in a research note on Monday, March 4th. Morgan Stanley lifted their price target on shares of FirstEnergy from $41.00 to $43.00 and gave the stock an “overweight” rating in a research note on Tuesday, February 12th. Two analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. The stock has a consensus rating of “Buy” and a consensus target price of $41.14.

In other news, EVP James F. Pearson sold 40,000 shares of the business’s stock in a transaction dated Wednesday, January 9th. The shares were sold at an average price of $37.87, for a total value of $1,514,800.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Leila L. Vespoli sold 24,400 shares of the business’s stock in a transaction dated Monday, March 11th. The stock was sold at an average price of $41.33, for a total transaction of $1,008,452.00. The disclosure for this sale can be found here. 0.27% of the stock is currently owned by insiders.

FirstEnergy stock opened at $41.23 on Friday. FirstEnergy Corp. has a 12-month low of $32.92 and a 12-month high of $41.78. The firm has a market cap of $21.86 billion, a P/E ratio of 15.92 and a beta of 0.30. The company has a current ratio of 0.52, a quick ratio of 0.46 and a debt-to-equity ratio of 2.63.

FirstEnergy (NYSE:FE) last released its earnings results on Tuesday, February 19th. The utilities provider reported $0.50 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.47 by $0.03. The company had revenue of $2.71 billion during the quarter, compared to the consensus estimate of $2.67 billion. FirstEnergy had a net margin of 10.41% and a return on equity of 21.13%. During the same quarter in the previous year, the firm earned $0.71 EPS. On average, equities analysts expect that FirstEnergy Corp. will post 2.56 EPS for the current fiscal year.

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About FirstEnergy

FirstEnergy Corp., through its subsidiaries, generates, transmits, and distributes electricity in the United States. The company operates through Regulated Distribution and Regulated Transmission segments. It owns and operates coal-fired, nuclear, hydroelectric, natural gas, wind, and solar power generating facilities.

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Institutional Ownership by Quarter for FirstEnergy (NYSE:FE)

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