FirstEnergy Corp. (NYSE:FE) Shares Sold by Nisa Investment Advisors LLC

Nisa Investment Advisors LLC lessened its stake in shares of FirstEnergy Corp. (NYSE:FE) by 18.9% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 25,356 shares of the utilities provider’s stock after selling 5,907 shares during the period. Nisa Investment Advisors LLC’s holdings in FirstEnergy were worth $1,009,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also recently modified their holdings of FE. Wedge Capital Management L L P NC purchased a new position in FirstEnergy during the fourth quarter worth about $12,198,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its holdings 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 worth $104,057,000 after buying an additional 171,955 shares during the last quarter. DRW Securities LLC acquired a new position in FirstEnergy in the third quarter valued at approximately $1,154,000. Nomura Asset Management Co. Ltd. lifted its holdings in FirstEnergy by 16.8% in the third 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 during the last quarter. Finally, AdvisorNet Financial Inc grew its position in FirstEnergy by 6,689.2% in the fourth quarter. AdvisorNet Financial Inc now owns 10,727 shares of the utilities provider’s stock worth $427,000 after acquiring an additional 10,569 shares during the period. Institutional investors and hedge funds own 89.41% of the company’s stock.

Analyst Ratings Changes

Several equities analysts have recently commented on FE shares. Seaport Res Ptn lowered FirstEnergy from a “strong-buy” rating to a “hold” rating in a research note on Thursday, October 31st. Wolfe Research lowered shares of FirstEnergy from an “outperform” rating to a “peer perform” rating in a research note on Thursday, January 23rd. 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 note on Friday, November 22nd. Barclays increased their price objective on shares of FirstEnergy from $40.00 to $46.00 and gave the stock an “equal weight” rating in a research report on Monday, October 7th. Finally, Jefferies Financial Group assumed coverage on FirstEnergy in a research report on Monday, October 14th. They issued a “hold” rating and a $46.00 target price on the stock. One analyst has rated the stock with a sell rating, eight have issued a hold rating and five have issued a buy rating to the stock. Based on data from MarketBeat, FirstEnergy presently has a consensus rating of “Hold” and a consensus price target of $46.27.

FirstEnergy Price Performance

FE stock opened at $40.85 on Tuesday. FirstEnergy Corp. has a 1 year low of $35.41 and a 1 year high of $44.97. The firm has a market capitalization of $23.54 billion, a P/E ratio of 26.35, a P/E/G ratio of 1.97 and a beta of 0.52. 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 business’s 50-day moving average is $40.35 and its two-hundred day moving average is $41.82.

FirstEnergy (NYSE:FE) last issued its quarterly earnings results on Tuesday, October 29th. The utilities provider reported $0.85 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.90 by ($0.05). FirstEnergy had a return on equity of 11.38% and a net margin of 6.64%. The firm had revenue of $3.73 billion during the quarter, compared to analysts’ expectations of $3.96 billion. During the same quarter in the prior year, the firm earned $0.88 EPS. The firm’s revenue was up 6.9% compared to the same quarter last year. Analysts anticipate that FirstEnergy Corp. will post 2.67 earnings per share for the current fiscal year.

FirstEnergy Dividend Announcement

The company also recently announced 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. The ex-dividend date of this dividend is Friday, February 7th. This represents a $1.70 dividend on an annualized basis and a dividend yield of 4.16%. FirstEnergy’s payout ratio is currently 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.