Choreo LLC Has $457,000 Stock Holdings in FirstEnergy Corp. (NYSE:FE)

Choreo LLC lowered its stake in shares of FirstEnergy Corp. (NYSE:FE) by 3.0% in the fourth quarter, according to its most recent 13F filing with the SEC. The fund owned 11,515 shares of the utilities provider’s stock after selling 352 shares during the period. Choreo LLC’s holdings in FirstEnergy were worth $457,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of the stock. Wedge Capital Management L L P NC bought a new stake in FirstEnergy in the fourth quarter worth about $12,198,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its stake in shares of FirstEnergy by 7.9% during the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 2,346,263 shares of the utilities provider’s stock valued at $104,057,000 after purchasing an additional 171,955 shares during the period. DRW Securities LLC bought a new stake in shares of FirstEnergy during the third quarter valued at about $1,154,000. Whalen Wealth Management Inc. bought a new position in FirstEnergy in the 4th quarter valued at $664,000. Finally, Nomura Asset Management Co. Ltd. raised its holdings in shares of FirstEnergy by 16.8% in the 3rd quarter. Nomura Asset Management Co. Ltd. now owns 186,406 shares of the utilities provider’s stock valued at $8,267,000 after acquiring an additional 26,874 shares in the last quarter. Institutional investors own 89.41% of the company’s stock.

Analyst Upgrades and Downgrades

FE has been the subject of several research reports. KeyCorp cut their target price on shares of FirstEnergy from $48.00 to $47.00 and set an “overweight” rating for the company in a research report on Wednesday, December 4th. Seaport Res Ptn downgraded shares of FirstEnergy from a “strong-buy” rating to a “hold” rating in a research note on Thursday, October 31st. JPMorgan Chase & Co. upped their price objective on shares of FirstEnergy from $45.00 to $46.00 and gave the company a “neutral” rating in a research note on Friday, October 18th. Wolfe Research downgraded shares of FirstEnergy from an “outperform” rating to a “peer perform” rating in a research note on Thursday, January 23rd. Finally, Morgan Stanley reduced their price target on shares of FirstEnergy from $52.00 to $50.00 and set an “overweight” rating on the stock in a research report on Friday, November 22nd. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating and five have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, FirstEnergy has a consensus rating of “Hold” and a consensus price target of $46.27.

FirstEnergy Stock Performance

Shares of NYSE:FE opened at $39.97 on Thursday. FirstEnergy Corp. has a 52 week low of $36.01 and a 52 week high of $44.97. The stock has a market capitalization of $23.04 billion, a P/E ratio of 25.79, a PEG ratio of 2.01 and a beta of 0.52. The firm has a fifty day simple moving average of $39.90 and a two-hundred day simple moving average of $41.85. The company has a quick ratio of 0.46, a current ratio of 0.56 and a debt-to-equity ratio of 1.58.

FirstEnergy Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Saturday, March 1st. Stockholders of record on Friday, February 7th will be issued a $0.425 dividend. The ex-dividend date of this dividend is Friday, February 7th. This represents a $1.70 annualized dividend and a dividend yield of 4.25%. FirstEnergy’s dividend payout ratio (DPR) is presently 109.68%.

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.