B. Riley Wealth Advisors Inc. Buys 1,405 Shares of FirstEnergy Corp. (NYSE:FE)

B. Riley Wealth Advisors Inc. raised its holdings in FirstEnergy Corp. (NYSE:FE) by 4.9% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 29,980 shares of the utilities provider’s stock after buying an additional 1,405 shares during the period. B. Riley Wealth Advisors Inc.’s holdings in FirstEnergy were worth $1,099,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Beacon Pointe Advisors LLC raised its stake in FirstEnergy by 1.0% in the fourth quarter. Beacon Pointe Advisors LLC now owns 37,050 shares of the utilities provider’s stock valued at $1,358,000 after buying an additional 376 shares during the period. Duality Advisers LP bought a new position in shares of FirstEnergy during the fourth quarter worth approximately $1,644,000. Citigroup Inc. increased its stake in shares of FirstEnergy by 27.3% during the third quarter. Citigroup Inc. now owns 1,018,422 shares of the utilities provider’s stock worth $34,810,000 after purchasing an additional 218,439 shares during the period. Lumbard & Kellner LLC bought a new position in shares of FirstEnergy during the fourth quarter worth approximately $2,418,000. Finally, First Pacific Advisors LP increased its stake in shares of FirstEnergy by 1.3% during the fourth quarter. First Pacific Advisors LP now owns 3,481,258 shares of the utilities provider’s stock worth $127,623,000 after purchasing an additional 45,350 shares during the period. Institutional investors own 89.41% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts have recently weighed in on FE shares. Scotiabank lowered their target price on FirstEnergy from $41.00 to $40.00 and set a “sector perform” rating on the stock in a research note on Monday, April 22nd. Morgan Stanley increased their target price on FirstEnergy from $42.00 to $46.00 and gave the stock an “overweight” rating in a research note on Tuesday, May 28th. Mizuho increased their target price on FirstEnergy from $38.00 to $41.00 and gave the stock a “neutral” rating in a research note on Monday, June 3rd. Bank of America increased their price target on FirstEnergy from $30.00 to $35.00 and gave the stock an “underperform” rating in a research report on Tuesday, April 23rd. Finally, StockNews.com raised FirstEnergy from a “sell” rating to a “hold” rating in a research report on Monday, April 29th. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and four have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, FirstEnergy presently has a consensus rating of “Hold” and an average target price of $40.27.

FirstEnergy Trading Up 0.2 %

NYSE FE opened at $38.23 on Friday. The company has a quick ratio of 0.56, a current ratio of 0.65 and a debt-to-equity ratio of 1.59. FirstEnergy Corp. has a twelve month low of $32.18 and a twelve month high of $40.65. The company has a market cap of $22.00 billion, a price-to-earnings ratio of 21.97, a price-to-earnings-growth ratio of 2.42 and a beta of 0.50. The business’s fifty day moving average is $38.93 and its 200 day moving average is $37.93.

FirstEnergy (NYSE:FE) last released its quarterly earnings data on Thursday, April 25th. The utilities provider reported $0.55 earnings per share for the quarter, beating the consensus estimate of $0.53 by $0.02. FirstEnergy had a return on equity of 12.45% and a net margin of 8.22%. The company had revenue of $3.29 billion for the quarter, compared to the consensus estimate of $3.36 billion. As a group, sell-side analysts expect that FirstEnergy Corp. will post 2.69 EPS for the current fiscal year.

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.