B.O.S.S. Retirement Advisors LLC Sells 4,113 Shares of FirstEnergy Corp. (NYSE:FE)

B.O.S.S. Retirement Advisors LLC lowered its holdings in shares of FirstEnergy Corp. (NYSE:FE) by 9.9% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 37,502 shares of the utilities provider’s stock after selling 4,113 shares during the quarter. B.O.S.S. Retirement Advisors LLC’s holdings in FirstEnergy were worth $1,458,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also bought and sold shares of FE. Dimensional Fund Advisors LP lifted its position in FirstEnergy by 5.5% during the first quarter. Dimensional Fund Advisors LP now owns 1,648,832 shares of the utilities provider’s stock valued at $75,615,000 after purchasing an additional 86,132 shares during the last quarter. Vontobel Holding Ltd. lifted its position in FirstEnergy by 10.1% during the first quarter. Vontobel Holding Ltd. now owns 10,066 shares of the utilities provider’s stock valued at $461,000 after purchasing an additional 923 shares during the last quarter. Blair William & Co. IL lifted its position in FirstEnergy by 26.5% during the first quarter. Blair William & Co. IL now owns 9,044 shares of the utilities provider’s stock valued at $415,000 after purchasing an additional 1,892 shares during the last quarter. Allianz Asset Management GmbH lifted its position in FirstEnergy by 51.0% during the first quarter. Allianz Asset Management GmbH now owns 618,302 shares of the utilities provider’s stock valued at $28,355,000 after purchasing an additional 208,803 shares during the last quarter. Finally, Prudential PLC bought a new stake in shares of FirstEnergy in the 1st quarter worth about $577,000. Institutional investors own 82.34% of the company’s stock.

FirstEnergy Trading Up 0.1 %

Shares of FE opened at $36.91 on Friday. FirstEnergy Corp. has a 1-year low of $34.69 and a 1-year high of $43.31. The company has a 50-day moving average of $37.31 and a 200 day moving average of $38.56. The firm has a market capitalization of $21.16 billion, a price-to-earnings ratio of 46.72, a PEG ratio of 2.27 and a beta of 0.45. The company has a debt-to-equity ratio of 2.07, a current ratio of 0.60 and a quick ratio of 0.49.

FirstEnergy (NYSE:FE) last posted its earnings results on Tuesday, August 1st. The utilities provider reported $0.47 EPS for the quarter, beating analysts’ consensus estimates of $0.46 by $0.01. The business had revenue of $3.01 billion for the quarter, compared to the consensus estimate of $2.89 billion. FirstEnergy had a net margin of 3.55% and a return on equity of 12.41%. On average, research analysts expect that FirstEnergy Corp. will post 2.52 EPS for the current year.

FirstEnergy Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, September 1st. Shareholders of record on Monday, August 7th were given a dividend of $0.39 per share. This represents a $1.56 dividend on an annualized basis and a yield of 4.23%. The ex-dividend date of this dividend was Friday, August 4th. FirstEnergy’s dividend payout ratio (DPR) is 197.47%.

Analysts Set New Price Targets

Several research firms have recently issued reports on FE. StockNews.com lowered shares of FirstEnergy from a “hold” rating to a “sell” rating in a report on Monday, August 28th. TheStreet lowered shares of FirstEnergy from a “b” rating to a “c+” rating in a report on Friday, August 4th. Morgan Stanley lowered their target price on shares of FirstEnergy from $46.00 to $43.00 and set an “overweight” rating for the company in a report on Wednesday, August 23rd. UBS Group lowered shares of FirstEnergy from a “buy” rating to a “neutral” rating and lowered their target price for the stock from $45.00 to $40.00 in a report on Monday, August 7th. Finally, Royal Bank of Canada lowered their target price on shares of FirstEnergy from $44.00 to $41.00 and set an “outperform” rating for the company in a report on Wednesday, September 6th. Two equities research analysts have rated the stock with a sell rating, five have issued a hold rating and four have given a buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $41.40.

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.