25,500 Shares in FirstEnergy Corp. (NYSE:FE) Purchased by Railway Pension Investments Ltd

Railway Pension Investments Ltd acquired a brand new stake in shares of FirstEnergy Corp. (NYSE:FE – Get Ranking) through the third quarter, in keeping with the corporate in its most up-to-date submitting with the Securities and Change Fee (SEC). The fund acquired 25,500 shares of the utilities supplier’s inventory, valued at roughly $944,000.

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Different hedge funds and different institutional buyers have additionally made adjustments to their positions within the firm. Vanguard Group Inc. grew its holdings in FirstEnergy by 7.0% through the 1st quarter. Vanguard Group Inc. now owns 68,214,574 shares of the utilities supplier’s inventory valued at $3,128,322,000 after buying an extra 4,443,050 shares over the last quarter. State Avenue Corp grew its stake in shares of FirstEnergy by 2.9% through the second quarter. State Avenue Corp now owns 45,132,285 shares of the utilities supplier’s inventory valued at $1,732,628,000 after shopping for an extra 1,292,960 shares over the last quarter. Value T Rowe Associates Inc. MD raised its holdings in shares of FirstEnergy by 20.0% within the third quarter. Value T Rowe Associates Inc. MD now owns 13,877,738 shares of the utilities supplier’s inventory value $513,478,000 after shopping for an extra 2,315,790 shares through the interval. Boston Companions purchased a brand new stake in shares of FirstEnergy through the third quarter value roughly $325,878,000. Lastly, Mitsubishi UFJ Belief & Banking Corp boosted its holdings in FirstEnergy by 3.0% through the 2nd quarter. Mitsubishi UFJ Belief & Banking Corp now owns 6,981,175 shares of the utilities supplier’s inventory valued at $268,008,000 after buying an extra 200,359 shares through the interval. Hedge funds and different institutional buyers personal 81.80% of the corporate’s inventory.

Wall Avenue Analyst Weigh In

Quite a lot of analysis corporations have weighed in on FE. Mizuho lowered their goal worth on FirstEnergy from $43.00 to $42.00 and set a “impartial” ranking on the inventory in a analysis word on Monday, February sixth. Morgan Stanley decreased their worth goal on shares of FirstEnergy from $48.00 to $47.00 and set an “chubby” ranking for the corporate in a report on Wednesday, February twenty second. Wells Fargo & Firm upped their goal worth on shares of FirstEnergy to $45.00 in a analysis word on Wednesday, December 14th. Financial institution of America downgraded shares of FirstEnergy from a “impartial” ranking to an “underperform” ranking and decreased their worth goal for the corporate from $41.00 to $38.00 in a analysis word on Monday, January twenty third. Lastly, Guggenheim raised shares of FirstEnergy from a “impartial” ranking to a “purchase” ranking and lifted their worth goal for the corporate from $34.00 to $46.00 in a analysis word on Monday, January twenty third. One equities analysis analyst has rated the inventory with a promote ranking, 4 have given a maintain ranking and 4 have assigned a purchase ranking to the corporate. Based on MarketBeat.com, FirstEnergy has a consensus ranking of “Maintain” and a consensus worth goal of $44.25.

FirstEnergy Inventory Efficiency

FirstEnergy inventory opened at $39.15 on Friday. The corporate has a 50 day transferring common worth of $40.90 and a 200-day transferring common worth of $39.95. The corporate has a debt-to-equity ratio of 1.99, a fast ratio of 0.50 and a present ratio of 0.61. FirstEnergy Corp. has a fifty-two week low of $35.32 and a fifty-two week excessive of $48.85. The corporate has a market capitalization of $22.40 billion, a PE ratio of 55.14, a P/E/G ratio of two.43 and a beta of 0.43.

FirstEnergy (NYSE:FE – Get Ranking) final issued its quarterly earnings information on Monday, February thirteenth. The utilities supplier reported $0.50 EPS for the quarter, lacking analysts’ consensus estimates of $0.53 by ($0.03). The enterprise had income of $3.20 billion through the quarter, in comparison with the consensus estimate of $2.45 billion. FirstEnergy had a return on fairness of 13.16% and a web margin of three.26%. The enterprise’s quarterly income was up 18.5% on a year-over-year foundation. Throughout the identical interval final 12 months, the agency earned $0.51 EPS. As a bunch, equities analysts forecast that FirstEnergy Corp. will publish 2.53 earnings per share for the present 12 months.

FirstEnergy Broadcasts Dividend

The agency additionally lately disclosed a quarterly dividend, which was paid on Wednesday, March 1st. Buyers of file on Tuesday, February seventh have been paid a $0.39 dividend. This represents a $1.56 dividend on an annualized foundation and a yield of three.98%. The ex-dividend date of this dividend was Monday, February sixth. FirstEnergy’s dividend payout ratio (DPR) is 219.72%.

FirstEnergy Profile

(Get Ranking)

FirstEnergy Corp. engages within the technology, transmission, and distribution of electrical energy in addition to vitality administration and different energy-related providers by way of its subsidiaries. It operates by way of the next enterprise segments: Regulated Distribution, Regulated Transmission, and Company or Different.

Additional Studying

Wish to see what different hedge funds are holding FE? Go to HoldingsChannel.com to get the newest 13F filings and insider trades for FirstEnergy Corp. (NYSE:FE – Get Ranking).

This on the spot information alert was generated by narrative science expertise and monetary information from MarketBeat with the intention to present readers with the quickest and most correct reporting. This story was reviewed by MarketBeat’s editorial staff previous to publication. Please ship any questions or feedback about this story to contact@marketbeat.com.

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