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 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.
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