Y.D. More Investments Ltd Purchases New Shares in FirstEnergy Corp. (NYSE:FE)

Y.D. More Investments Ltd purchased a new stake in FirstEnergy Corp. (NYSE:FE) during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The firm purchased 2,726 shares of the utilities provider’s stock, valued at approximately $104,000.

Other institutional investors have also recently added to or reduced their stakes in the company. Sachetta LLC acquired a new stake in FirstEnergy in the 4th quarter valued at $25,000. FinTrust Capital Advisors LLC grew its stake in FirstEnergy by 1,150.9% in the 1st quarter. FinTrust Capital Advisors LLC now owns 663 shares of the utilities provider’s stock valued at $26,000 after acquiring an additional 610 shares during the period. ST Germain D J Co. Inc. grew its stake in FirstEnergy by 1,138.9% in the 2nd quarter. ST Germain D J Co. Inc. now owns 669 shares of the utilities provider’s stock valued at $26,000 after acquiring an additional 615 shares during the period. Scarborough Advisors LLC acquired a new stake in FirstEnergy in the 4th quarter valued at $31,000. Finally, Western Pacific Wealth Management LP acquired a new stake in FirstEnergy during the 1st quarter worth $36,000. Institutional investors and hedge funds own 89.41% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts have issued reports on the stock. Scotiabank lifted their target price on shares of FirstEnergy from $40.00 to $45.00 and gave the stock a “sector perform” rating in a research note on Tuesday, August 20th. KeyCorp lifted their target price on shares of FirstEnergy from $43.00 to $45.00 and gave the stock an “overweight” rating in a research note on Wednesday, August 14th. Bank of America lifted their target price on shares of FirstEnergy from $42.00 to $43.00 and gave the stock an “underperform” rating in a research note on Thursday, August 29th. Barclays lifted their target price on shares of FirstEnergy from $39.00 to $40.00 and gave the stock an “equal weight” rating in a research note on Tuesday, July 9th. Finally, Wells Fargo & Company lifted their target price on shares of FirstEnergy from $42.00 to $45.00 and gave the stock an “equal weight” rating in a research note on Thursday, August 1st. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and three have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $43.50.

FirstEnergy Trading Down 0.2 %

Shares of FE stock opened at $44.07 on Friday. The company’s 50-day moving average price is $41.91 and its 200-day moving average price is $39.68. The company has a current ratio of 0.51, a quick ratio of 0.43 and a debt-to-equity ratio of 1.52. The stock has a market cap of $25.36 billion, a price-to-earnings ratio of 25.33, a PEG ratio of 2.32 and a beta of 0.50. FirstEnergy Corp. has a twelve month low of $32.18 and a twelve month high of $44.97.

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

FirstEnergy Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Sunday, September 1st. Investors of record on Wednesday, August 7th were issued a $0.425 dividend. The ex-dividend date of this dividend was Wednesday, August 7th. This represents a $1.70 annualized dividend and a yield of 3.86%. FirstEnergy’s dividend payout ratio (DPR) is currently 97.70%.

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.