FirstEnergy Corp. (NYSE:FE) Shares Sold by Good Life Advisors LLC

Good Life Advisors LLC reduced its stake in shares of FirstEnergy Corp. (NYSE:FE) by 48.9% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 5,747 shares of the utilities provider’s stock after selling 5,491 shares during the period. Good Life Advisors LLC’s holdings in FirstEnergy were worth $229,000 as of its most recent SEC filing.

Several other institutional investors have also recently modified their holdings of FE. Kestra Investment Management LLC acquired a new position in shares of FirstEnergy during the 4th quarter worth approximately $26,000. True Wealth Design LLC raised its holdings in FirstEnergy by 4,571.4% in the 3rd quarter. True Wealth Design LLC now owns 654 shares of the utilities provider’s stock valued at $29,000 after acquiring an additional 640 shares during the last quarter. WASHINGTON TRUST Co raised its holdings in FirstEnergy by 293.0% in the 4th quarter. WASHINGTON TRUST Co now owns 786 shares of the utilities provider’s stock valued at $31,000 after acquiring an additional 586 shares during the last quarter. Cedar Mountain Advisors LLC acquired a new position in FirstEnergy in the 4th quarter valued at $34,000. Finally, Quarry LP raised its holdings in FirstEnergy by 59.1% in the 3rd quarter. Quarry LP now owns 861 shares of the utilities provider’s stock valued at $38,000 after acquiring an additional 320 shares during the last quarter. 89.41% of the stock is currently owned by institutional investors and hedge funds.

FirstEnergy Stock Up 2.3 %

Shares of FirstEnergy stock opened at $42.34 on Friday. The company has a fifty day moving average price of $39.89 and a 200 day moving average price of $41.77. The company has a current ratio of 0.56, a quick ratio of 0.46 and a debt-to-equity ratio of 1.58. FirstEnergy Corp. has a twelve month low of $36.01 and a twelve month high of $44.97. The stock has a market cap of $24.40 billion, a price-to-earnings ratio of 27.32, a price-to-earnings-growth ratio of 2.03 and a beta of 0.52.

FirstEnergy Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Saturday, March 1st. Investors of record on Friday, February 7th will be given a dividend of $0.425 per share. The ex-dividend date of this dividend is Friday, February 7th. This represents a $1.70 dividend on an annualized basis and a yield of 4.01%. FirstEnergy’s dividend payout ratio (DPR) is 109.68%.

Wall Street Analysts Forecast Growth

FE has been the subject of several analyst reports. Wolfe Research downgraded FirstEnergy from an “outperform” rating to a “peer perform” rating in a report on Thursday, January 23rd. Morgan Stanley cut their price target on FirstEnergy from $52.00 to $50.00 and set an “overweight” rating for the company in a report on Friday, November 22nd. KeyCorp cut their price target on FirstEnergy from $48.00 to $47.00 and set an “overweight” rating for the company in a report on Wednesday, December 4th. Scotiabank raised shares of FirstEnergy from a “sector perform” rating to a “sector outperform” rating and boosted their price objective for the company from $45.00 to $50.00 in a research note on Thursday, December 12th. Finally, Seaport Res Ptn cut shares of FirstEnergy from a “strong-buy” rating to a “hold” rating in a research note on Thursday, October 31st. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat.com, FirstEnergy currently has a consensus rating of “Hold” and a consensus price target of $46.27.

FirstEnergy Company 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.