Kestra Private Wealth Services LLC Has $495,000 Holdings in FirstEnergy Corp. (NYSE:FE)

Kestra Private Wealth Services LLC reduced its position in FirstEnergy Corp. (NYSE:FEGet Rating) by 6.4% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 10,802 shares of the utilities provider’s stock after selling 742 shares during the period. Kestra Private Wealth Services LLC’s holdings in FirstEnergy were worth $495,000 at the end of the most recent quarter.

Other large investors also recently made changes to their positions in the company. Equitable Holdings Inc. boosted its stake in FirstEnergy by 17.1% during the 4th quarter. Equitable Holdings Inc. now owns 7,077 shares of the utilities provider’s stock valued at $294,000 after purchasing an additional 1,034 shares during the period. Allianz Asset Management GmbH boosted its stake in FirstEnergy by 100.9% during the 4th quarter. Allianz Asset Management GmbH now owns 409,499 shares of the utilities provider’s stock valued at $17,031,000 after purchasing an additional 205,636 shares during the period. Charles Schwab Investment Management Inc. boosted its stake in FirstEnergy by 3.0% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 2,885,158 shares of the utilities provider’s stock valued at $119,994,000 after purchasing an additional 83,142 shares during the period. Geode Capital Management LLC boosted its stake in FirstEnergy by 3.0% during the 4th quarter. Geode Capital Management LLC now owns 9,790,945 shares of the utilities provider’s stock valued at $406,102,000 after purchasing an additional 287,488 shares during the period. Finally, Gotham Asset Management LLC boosted its stake in FirstEnergy by 51.6% during the 4th quarter. Gotham Asset Management LLC now owns 13,966 shares of the utilities provider’s stock valued at $581,000 after purchasing an additional 4,754 shares during the period. Institutional investors own 87.20% of the company’s stock.

FirstEnergy Stock Performance

Shares of NYSE:FE opened at $41.86 on Tuesday. The company has a market capitalization of $23.92 billion, a price-to-earnings ratio of 17.02, a P/E/G ratio of 2.69 and a beta of 0.44. The firm’s 50 day simple moving average is $39.71 and its 200 day simple moving average is $41.66. The company has a debt-to-equity ratio of 1.84, a current ratio of 0.75 and a quick ratio of 0.66. FirstEnergy Corp. has a fifty-two week low of $35.32 and a fifty-two week high of $48.85.

FirstEnergy (NYSE:FEGet Rating) last issued its quarterly earnings results on Tuesday, July 26th. The utilities provider reported $0.53 earnings per share for the quarter, topping the consensus estimate of $0.52 by $0.01. FirstEnergy had a net margin of 11.78% and a return on equity of 15.13%. During the same quarter in the previous year, the company posted $0.59 earnings per share. As a group, sell-side analysts forecast that FirstEnergy Corp. will post 2.41 earnings per share for the current year.

FirstEnergy Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, December 1st. Investors of record on Monday, November 7th will be given a dividend of $0.39 per share. This represents a $1.56 annualized dividend and a dividend yield of 3.73%. FirstEnergy’s dividend payout ratio is 63.41%.

Analyst Ratings Changes

A number of analysts have commented on FE shares. Mizuho reduced their price objective on FirstEnergy from $41.00 to $40.00 and set a “neutral” rating for the company in a research report on Tuesday, June 7th. Morgan Stanley raised their price objective on FirstEnergy from $49.00 to $53.00 and gave the stock an “overweight” rating in a research report on Tuesday, August 23rd. Barclays reduced their price objective on FirstEnergy from $49.00 to $41.00 and set an “equal weight” rating for the company in a research report on Monday, July 18th. StockNews.com downgraded FirstEnergy from a “buy” rating to a “hold” rating in a research report on Thursday, August 4th. Finally, KeyCorp dropped their target price on FirstEnergy from $51.00 to $47.00 and set an “overweight” rating for the company in a report on Tuesday, July 19th. Five equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $45.75.

FirstEnergy Profile

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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, natural gas, wind, and solar power generating facilities.

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Institutional Ownership by Quarter for FirstEnergy (NYSE:FE)

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