FirstEnergy Corp. (NYSE:FE) Shares Bought by Schechter Investment Advisors LLC

Schechter Investment Advisors LLC raised its holdings in FirstEnergy Corp. (NYSE:FE) by 30.1% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 17,847 shares of the utilities provider’s stock after acquiring an additional 4,130 shares during the quarter. Schechter Investment Advisors LLC’s holdings in FirstEnergy were worth $710,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds also recently bought and sold shares of FE. Wedge Capital Management L L P NC acquired a new stake in FirstEnergy in the 4th quarter valued at about $12,198,000. Allspring Global Investments Holdings LLC lifted its stake in FirstEnergy by 2.4% during the fourth quarter. Allspring Global Investments Holdings LLC now owns 9,318,905 shares of the utilities provider’s stock valued at $371,911,000 after buying an additional 220,433 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its stake in FirstEnergy by 7.9% during the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 2,346,263 shares of the utilities provider’s stock valued at $104,057,000 after buying an additional 171,955 shares in the last quarter. Van ECK Associates Corp lifted its stake in FirstEnergy by 95.3% during the fourth quarter. Van ECK Associates Corp now owns 323,079 shares of the utilities provider’s stock valued at $12,852,000 after buying an additional 157,666 shares in the last quarter. Finally, CIBC Asset Management Inc lifted its stake in FirstEnergy by 177.6% during the fourth quarter. CIBC Asset Management Inc now owns 212,358 shares of the utilities provider’s stock valued at $8,448,000 after buying an additional 135,870 shares in the last quarter. 89.41% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of analysts have commented on FE shares. Wolfe Research lowered shares of FirstEnergy from an “outperform” rating to a “peer perform” rating in a research note on Thursday, January 23rd. Guggenheim reduced their price objective on shares of FirstEnergy from $52.00 to $45.00 and set a “buy” rating for the company in a research note on Friday, February 28th. Morgan Stanley reduced their price objective on shares of FirstEnergy from $52.00 to $50.00 and set an “overweight” rating for the company in a research note on Friday, November 22nd. Scotiabank reduced their price objective on shares of FirstEnergy from $50.00 to $44.00 and set a “sector outperform” rating for the company in a research note on Friday, February 28th. Finally, Wells Fargo & Company reduced their price objective on shares of FirstEnergy from $48.00 to $41.00 and set an “equal weight” rating for the company in a research note on Friday, February 28th. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating and six have given a buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $45.33.

FirstEnergy Trading Down 0.7 %

NYSE:FE opened at $39.32 on Wednesday. The stock’s 50 day moving average price is $40.06 and its 200 day moving average price is $41.70. FirstEnergy Corp. has a 52 week low of $36.81 and a 52 week high of $44.97. The company has a market capitalization of $22.66 billion, a P/E ratio of 25.36, a P/E/G ratio of 2.07 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.

FirstEnergy (NYSE:FE) last released its quarterly earnings data on Wednesday, February 26th. The utilities provider reported $0.67 EPS for the quarter, missing analysts’ consensus estimates of $0.70 by ($0.03). FirstEnergy had a return on equity of 11.38% and a net margin of 6.64%. The firm had revenue of $3.20 billion during the quarter, compared to analyst estimates of $3.53 billion. On average, research analysts forecast that FirstEnergy Corp. will post 2.66 EPS for the current fiscal year.

FirstEnergy Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Saturday, March 1st. Investors of record on Friday, February 7th were issued a $0.425 dividend. The ex-dividend date was Friday, February 7th. This represents a $1.70 dividend on an annualized basis and a yield of 4.32%. FirstEnergy’s dividend payout ratio is currently 100.00%.

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.