Centennial Wealth Advisory LLC Has $340,000 Stock Holdings in FirstEnergy Corp. (NYSE:FE)

Centennial Wealth Advisory LLC boosted its stake in shares of FirstEnergy Corp. (NYSE:FE) by 13.6% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 8,535 shares of the utilities provider’s stock after purchasing an additional 1,022 shares during the period. Centennial Wealth Advisory LLC’s holdings in FirstEnergy were worth $340,000 as of its most recent filing with the SEC.

Other hedge funds also recently made changes to their positions in the company. AQR Capital Management LLC increased its stake in shares of FirstEnergy by 37.4% in the 2nd quarter. AQR Capital Management LLC now owns 48,493 shares of the utilities provider’s stock valued at $1,856,000 after purchasing an additional 13,195 shares during the last quarter. Creative Planning boosted its holdings in FirstEnergy by 1.0% in the second quarter. Creative Planning now owns 36,488 shares of the utilities provider’s stock worth $1,396,000 after acquiring an additional 372 shares in the last quarter. Sanctuary Advisors LLC bought a new position in FirstEnergy in the second quarter worth approximately $832,000. Czech National Bank raised its stake in shares of FirstEnergy by 5.8% in the third quarter. Czech National Bank now owns 104,416 shares of the utilities provider’s stock worth $4,631,000 after purchasing an additional 5,713 shares during the last quarter. Finally, GAMMA Investing LLC increased its position in shares of FirstEnergy by 13.3% during the third quarter. GAMMA Investing LLC now owns 10,263 shares of the utilities provider’s stock valued at $455,000 after acquiring an additional 1,201 shares during the last quarter. 89.41% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities analysts have weighed in on FE shares. Morgan Stanley reduced their price objective on FirstEnergy from $52.00 to $50.00 and set an “overweight” rating for the company in a report on Friday, November 22nd. JPMorgan Chase & Co. raised their price target on FirstEnergy from $45.00 to $46.00 and gave the company a “neutral” rating in a research report on Friday, October 18th. Wolfe Research downgraded FirstEnergy from an “outperform” rating to a “peer perform” rating in a research report on Thursday, January 23rd. Scotiabank upgraded FirstEnergy from a “sector perform” rating to a “sector outperform” rating and lifted their price objective for the stock from $45.00 to $50.00 in a report on Thursday, December 12th. Finally, Seaport Res Ptn downgraded FirstEnergy from a “strong-buy” rating to a “hold” rating in a report on Thursday, October 31st. One research analyst has rated the stock with a sell rating, eight have given a hold rating and five have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $46.27.

FirstEnergy Trading Up 0.7 %

Shares of FirstEnergy stock opened at $40.23 on Thursday. The company has a market capitalization of $23.18 billion, a P/E ratio of 25.95, a P/E/G ratio of 1.99 and a beta of 0.52. The company has a debt-to-equity ratio of 1.58, a quick ratio of 0.46 and a current ratio of 0.56. The company has a fifty day moving average of $40.10 and a 200 day moving average of $41.85. FirstEnergy Corp. has a fifty-two week low of $35.41 and a fifty-two week high of $44.97.

FirstEnergy Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Saturday, March 1st. Investors of record on Friday, February 7th will be issued a $0.425 dividend. This represents a $1.70 annualized dividend and a yield of 4.23%. The ex-dividend date of this dividend is Friday, February 7th. FirstEnergy’s dividend payout ratio is currently 109.68%.

FirstEnergy Profile

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