SG Americas Securities LLC Sells 24,771 Shares of FirstEnergy Corp. (NYSE:FE)

SG Americas Securities LLC cut its stake in FirstEnergy Corp. (NYSE:FE) by 88.1% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 3,345 shares of the utilities provider’s stock after selling 24,771 shares during the quarter. SG Americas Securities LLC’s holdings in FirstEnergy were worth $133,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also recently made changes to their positions in FE. Livelsberger Financial Advisory bought a new position in shares of FirstEnergy in the 3rd quarter worth approximately $26,000. True Wealth Design LLC increased its holdings in FirstEnergy by 4,571.4% during the third quarter. True Wealth Design LLC now owns 654 shares of the utilities provider’s stock valued at $29,000 after buying an additional 640 shares during the last quarter. Quarry LP raised its position in FirstEnergy by 59.1% in the third quarter. Quarry LP now owns 861 shares of the utilities provider’s stock worth $38,000 after acquiring an additional 320 shares during the period. UMB Bank n.a. boosted its stake in shares of FirstEnergy by 48.4% during the 3rd quarter. UMB Bank n.a. now owns 997 shares of the utilities provider’s stock worth $44,000 after acquiring an additional 325 shares during the last quarter. Finally, Glen Eagle Advisors LLC grew its position in shares of FirstEnergy by 325.7% during the 3rd quarter. Glen Eagle Advisors LLC now owns 1,307 shares of the utilities provider’s stock valued at $58,000 after acquiring an additional 1,000 shares during the period. 89.41% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several equities research analysts recently issued reports on the stock. Morgan Stanley decreased their target price on shares of FirstEnergy from $52.00 to $50.00 and set an “overweight” rating on the stock in a research note on Friday, November 22nd. JPMorgan Chase & Co. raised their price objective on shares of FirstEnergy from $45.00 to $46.00 and gave the company a “neutral” rating in a research report on Friday, October 18th. Wolfe Research downgraded shares of FirstEnergy from an “outperform” rating to a “peer perform” rating in a report on Thursday, January 23rd. KeyCorp cut their price target on FirstEnergy from $48.00 to $47.00 and set an “overweight” rating for the company in a research note on Wednesday, December 4th. Finally, Scotiabank upgraded FirstEnergy from a “sector perform” rating to a “sector outperform” rating and boosted their price objective for the company from $45.00 to $50.00 in a research report on Thursday, December 12th. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating and five have issued a buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $46.27.

FirstEnergy Trading Up 1.5 %

Shares of NYSE FE opened at $40.45 on Wednesday. The company has a debt-to-equity ratio of 1.58, a current ratio of 0.56 and a quick ratio of 0.46. The stock has a market capitalization of $23.31 billion, a P/E ratio of 26.09, a price-to-earnings-growth ratio of 2.01 and a beta of 0.52. FirstEnergy Corp. has a 1-year low of $36.01 and a 1-year high of $44.97. The business has a fifty day moving average price of $39.91 and a 200 day moving average price of $41.85.

FirstEnergy Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Saturday, March 1st. Investors of record on Friday, February 7th will be paid a dividend of $0.425 per share. This represents a $1.70 dividend on an annualized basis and a dividend yield of 4.20%. The ex-dividend date of this dividend is Friday, February 7th. FirstEnergy’s dividend payout ratio (DPR) is currently 109.68%.

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.