Vanguard Personalized Indexing Management LLC Has $1.42 Million Position in FirstEnergy Corp. (NYSE:FE)

Vanguard Personalized Indexing Management LLC lifted its holdings in FirstEnergy Corp. (NYSE:FE) by 16.4% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 37,582 shares of the utilities provider’s stock after acquiring an additional 5,291 shares during the period. Vanguard Personalized Indexing Management LLC’s holdings in FirstEnergy were worth $1,418,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. PNC Financial Services Group Inc. boosted its stake in FirstEnergy by 20.2% during the fourth quarter. PNC Financial Services Group Inc. now owns 95,378 shares of the utilities provider’s stock worth $3,497,000 after acquiring an additional 16,018 shares in the last quarter. Corient Private Wealth LLC boosted its position in shares of FirstEnergy by 14.6% during the 4th quarter. Corient Private Wealth LLC now owns 46,898 shares of the utilities provider’s stock worth $1,719,000 after purchasing an additional 5,979 shares in the last quarter. US Bancorp DE boosted its position in shares of FirstEnergy by 3.0% during the 4th quarter. US Bancorp DE now owns 64,573 shares of the utilities provider’s stock worth $2,367,000 after purchasing an additional 1,866 shares in the last quarter. Commerce Bank grew its stake in shares of FirstEnergy by 0.8% in the 4th quarter. Commerce Bank now owns 63,819 shares of the utilities provider’s stock valued at $2,340,000 after buying an additional 516 shares during the period. Finally, SageView Advisory Group LLC increased its position in FirstEnergy by 12.5% in the 4th quarter. SageView Advisory Group LLC now owns 16,185 shares of the utilities provider’s stock valued at $595,000 after buying an additional 1,799 shares in the last quarter. 89.41% of the stock is owned by institutional investors and hedge funds.

FirstEnergy Stock Up 1.8 %

FirstEnergy stock opened at $44.00 on Monday. FirstEnergy Corp. has a fifty-two week low of $32.18 and a fifty-two week high of $44.97. The company has a debt-to-equity ratio of 1.52, a quick ratio of 0.43 and a current ratio of 0.51. The firm’s 50-day simple moving average is $42.50 and its 200 day simple moving average is $40.02. The stock has a market cap of $25.32 billion, a PE ratio of 25.29, a price-to-earnings-growth ratio of 2.32 and a beta of 0.50.

FirstEnergy (NYSE:FE) last announced its earnings results on Tuesday, July 30th. The utilities provider reported $0.56 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.56. The firm had revenue of $3.28 billion for the quarter, compared to the consensus estimate of $3.47 billion. FirstEnergy had a return on equity of 12.12% and a net margin of 6.61%. During the same quarter in the previous year, the business earned $0.47 EPS. Research analysts predict that FirstEnergy Corp. will post 2.7 EPS for the current fiscal year.

FirstEnergy Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Sunday, September 1st. Stockholders of record on Wednesday, August 7th were given a dividend of $0.425 per share. This represents a $1.70 annualized dividend and a dividend yield of 3.86%. The ex-dividend date of this dividend was Wednesday, August 7th. FirstEnergy’s dividend payout ratio is presently 97.70%.

Analysts Set New Price Targets

Several research analysts have issued reports on the company. Morgan Stanley increased their price target on FirstEnergy from $45.00 to $48.00 and gave the stock an “overweight” rating in a report on Friday, August 23rd. Bank of America increased their target price on FirstEnergy from $42.00 to $43.00 and gave the stock an “underperform” rating in a report on Thursday, August 29th. Barclays boosted their price target on shares of FirstEnergy from $39.00 to $40.00 and gave the company an “equal weight” rating in a research note on Tuesday, July 9th. Argus upgraded shares of FirstEnergy from a “hold” rating to a “buy” rating and set a $50.00 price objective on the stock in a report on Friday. Finally, Wells Fargo & Company lifted their price objective on shares of FirstEnergy from $42.00 to $45.00 and gave the company an “equal weight” rating in a report on Thursday, August 1st. One investment analyst has rated the stock with a sell rating, six have given a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $44.18.

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.