17,940 Shares in FirstEnergy Corp. (NYSE:FE) Purchased by Lloyd Advisory Services LLC.

Lloyd Advisory Services LLC. acquired a new stake in shares of FirstEnergy Corp. (NYSE:FE) during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 17,940 shares of the utilities provider’s stock, valued at approximately $693,000.

Several other large investors have also recently modified their holdings of the business. Kestra Advisory Services LLC increased its holdings in shares of FirstEnergy by 3.8% in the third quarter. Kestra Advisory Services LLC now owns 28,345 shares of the utilities provider’s stock worth $969,000 after purchasing an additional 1,049 shares during the period. Envestnet Asset Management Inc. increased its stake in shares of FirstEnergy by 15.7% in the third quarter. Envestnet Asset Management Inc. now owns 287,482 shares of the utilities provider’s stock worth $9,826,000 after buying an additional 39,043 shares during the period. Nordea Investment Management AB boosted its holdings in shares of FirstEnergy by 2.4% during the third quarter. Nordea Investment Management AB now owns 26,086 shares of the utilities provider’s stock worth $899,000 after purchasing an additional 607 shares during the period. V Square Quantitative Management LLC purchased a new stake in FirstEnergy in the 3rd quarter worth approximately $187,000. Finally, LPL Financial LLC boosted its holdings in FirstEnergy by 5.3% in the third quarter. LPL Financial LLC now owns 227,630 shares of the utilities provider’s stock valued at $7,780,000 after acquiring an additional 11,391 shares in the last quarter. Hedge funds and other institutional investors own 89.41% of the company’s stock.

Wall Street Analysts Forecast Growth

FE has been the topic of several recent research reports. The Goldman Sachs Group initiated coverage on FirstEnergy in a research note on Wednesday, April 10th. They issued a “buy” rating and a $45.00 price target on the stock. Bank of America lifted their price objective on FirstEnergy from $30.00 to $35.00 and gave the company an “underperform” rating in a research note on Tuesday, April 23rd. 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. StockNews.com raised FirstEnergy from a “sell” rating to a “hold” rating in a research report on Monday, April 29th. Finally, Morgan Stanley reduced their target price on FirstEnergy from $46.00 to $44.00 and set an “overweight” rating for the company in a report on Monday. One analyst has rated the stock with a sell rating, six have assigned a hold rating and four have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $40.09.

FirstEnergy Trading Up 0.6 %

Shares of FE stock opened at $38.50 on Tuesday. The company has a debt-to-equity ratio of 1.59, a current ratio of 0.65 and a quick ratio of 0.56. The company has a market cap of $22.16 billion, a price-to-earnings ratio of 22.13, a PEG ratio of 2.43 and a beta of 0.50. FirstEnergy Corp. has a 1 year low of $32.18 and a 1 year high of $40.65. The firm has a fifty day moving average price of $38.97 and a 200-day moving average price of $37.95.

FirstEnergy (NYSE:FE) last released its quarterly earnings results on Thursday, April 25th. The utilities provider reported $0.55 earnings per share (EPS) 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 business had revenue of $3.29 billion during the quarter, compared to analyst estimates of $3.36 billion. As a group, equities analysts predict that FirstEnergy Corp. will post 2.69 earnings per share for the current year.

FirstEnergy 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.