Blue Trust Inc. Has $84,000 Stock Holdings in FirstEnergy Corp. (NYSE:FE)

Blue Trust Inc. lessened its holdings in FirstEnergy Corp. (NYSE:FE) by 49.1% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 2,108 shares of the utilities provider’s stock after selling 2,033 shares during the quarter. Blue Trust Inc.’s holdings in FirstEnergy were worth $84,000 as of its most recent SEC filing.

A number of other large investors have also recently modified their holdings of the business. Balanced Wealth Group LLC increased its stake in shares of FirstEnergy by 0.9% in the third quarter. Balanced Wealth Group LLC now owns 26,741 shares of the utilities provider’s stock valued at $1,186,000 after buying an additional 241 shares during the period. Metis Global Partners LLC increased its position in FirstEnergy by 1.7% during the 3rd quarter. Metis Global Partners LLC now owns 16,916 shares of the utilities provider’s stock valued at $750,000 after purchasing an additional 288 shares during the period. Quarry LP raised its holdings in FirstEnergy by 59.1% during the 3rd quarter. Quarry LP now owns 861 shares of the utilities provider’s stock worth $38,000 after purchasing an additional 320 shares during the last quarter. Brooklyn Investment Group raised its holdings in FirstEnergy by 6.7% during the 4th quarter. Brooklyn Investment Group now owns 5,146 shares of the utilities provider’s stock worth $205,000 after purchasing an additional 324 shares during the last quarter. Finally, Essex Financial Services Inc. lifted its position in shares of FirstEnergy by 6.2% in the 4th quarter. Essex Financial Services Inc. now owns 5,819 shares of the utilities provider’s stock worth $231,000 after purchasing an additional 340 shares during the period. Institutional investors and hedge funds own 89.41% of the company’s stock.

FirstEnergy Stock Performance

Shares of FirstEnergy stock opened at $42.34 on Monday. The company has a market cap of $24.40 billion, a PE ratio of 27.32, a price-to-earnings-growth ratio of 2.07 and a beta of 0.52. FirstEnergy Corp. has a 52 week low of $36.01 and a 52 week high of $44.97. The business has a 50 day moving average price of $39.89 and a 200-day moving average price of $41.77. 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 Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Saturday, March 1st. Investors of record on Friday, February 7th will be given a dividend of $0.425 per share. This represents a $1.70 dividend on an annualized basis and a dividend yield of 4.01%. The ex-dividend date is Friday, February 7th. FirstEnergy’s payout ratio is 109.68%.

Analyst Ratings Changes

Several equities research analysts have recently weighed in on the stock. KeyCorp decreased their price objective 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. Scotiabank upgraded FirstEnergy from a “sector perform” rating to a “sector outperform” rating and increased their price target for the stock from $45.00 to $50.00 in a report on Thursday, December 12th. Morgan Stanley cut their target price on FirstEnergy from $52.00 to $50.00 and set an “overweight” rating on the stock in a research report on Friday, November 22nd. Wolfe Research downgraded FirstEnergy from an “outperform” rating to a “peer perform” rating in a report on Thursday, January 23rd. Finally, Seaport Res Ptn cut FirstEnergy from a “strong-buy” rating to a “hold” rating in a report on Thursday, October 31st. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating and five have given a buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $46.27.

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.