FirstEnergy Corp. (NYSE:FE) Shares Sold by Gamco Investors INC. ET AL

Gamco Investors INC. ET AL trimmed its stake in FirstEnergy Corp. (NYSE:FEFree Report) by 1.7% in the third quarter, according to the company in its most recent disclosure with the SEC. The firm owned 49,660 shares of the utilities provider’s stock after selling 865 shares during the quarter. Gamco Investors INC. ET AL’s holdings in FirstEnergy were worth $1,697,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. State of Michigan Retirement System raised its holdings in shares of FirstEnergy by 0.3% in the 2nd quarter. State of Michigan Retirement System now owns 149,644 shares of the utilities provider’s stock worth $5,818,000 after purchasing an additional 500 shares during the period. Virtu Financial LLC acquired a new position in FirstEnergy during the second quarter valued at approximately $357,000. Tokio Marine Asset Management Co. Ltd. grew its stake in FirstEnergy by 7.6% during the third quarter. Tokio Marine Asset Management Co. Ltd. now owns 12,231 shares of the utilities provider’s stock worth $418,000 after buying an additional 866 shares during the period. Zions Bancorporation N.A. grew its stake in FirstEnergy by 9.5% during the second quarter. Zions Bancorporation N.A. now owns 9,896 shares of the utilities provider’s stock worth $385,000 after buying an additional 861 shares during the period. Finally, Meridian Wealth Management LLC increased its position in shares of FirstEnergy by 122.1% in the third quarter. Meridian Wealth Management LLC now owns 168,032 shares of the utilities provider’s stock worth $5,743,000 after acquiring an additional 92,375 shares in the last quarter. Institutional investors and hedge funds own 82.34% of the company’s stock.

FirstEnergy Stock Performance

Shares of FE opened at $37.31 on Friday. The firm has a 50-day moving average price of $37.07 and a 200 day moving average price of $36.52. The firm has a market capitalization of $21.41 billion, a PE ratio of 20.61 and a beta of 0.49. The company has a quick ratio of 0.43, a current ratio of 0.53 and a debt-to-equity ratio of 2.09. FirstEnergy Corp. has a 52-week low of $32.18 and a 52-week high of $41.99.

FirstEnergy (NYSE:FEGet Free Report) last posted its quarterly earnings data on Friday, February 9th. The utilities provider reported $0.62 earnings per share for the quarter, beating the consensus estimate of $0.60 by $0.02. FirstEnergy had a net margin of 8.56% and a return on equity of 13.53%. The company had revenue of $3.20 billion during the quarter, compared to analyst estimates of $3.10 billion. During the same quarter last year, the firm posted $0.50 EPS. The business’s revenue for the quarter was up .0% on a year-over-year basis. On average, sell-side analysts anticipate that FirstEnergy Corp. will post 2.68 earnings per share for the current fiscal year.

FirstEnergy Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, March 1st. Shareholders of record on Wednesday, February 7th will be paid a dividend of $0.41 per share. This represents a $1.64 dividend on an annualized basis and a yield of 4.40%. The ex-dividend date is Tuesday, February 6th. FirstEnergy’s dividend payout ratio is presently 90.61%.

Analyst Ratings Changes

A number of research firms have recently issued reports on FE. StockNews.com upgraded shares of FirstEnergy from a “sell” rating to a “hold” rating in a research note on Monday, October 30th. Morgan Stanley decreased their target price on shares of FirstEnergy from $44.00 to $42.00 and set an “overweight” rating for the company in a research note on Wednesday, October 25th. Finally, KeyCorp upped their target price on shares of FirstEnergy from $41.00 to $43.00 and gave the company an “overweight” rating in a research note on Thursday, January 4th. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $39.67.

Check Out Our Latest Report on FirstEnergy

Insider Buying and Selling at FirstEnergy

In other FirstEnergy news, SVP Christine Walker sold 12,500 shares of the company’s stock in a transaction dated Monday, November 27th. The shares were sold at an average price of $37.58, for a total transaction of $469,750.00. Following the completion of the sale, the senior vice president now directly owns 36,959 shares of the company’s stock, valued at $1,388,919.22. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Insiders own 0.08% of the company’s stock.

About FirstEnergy

(Free Report)

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.

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Institutional Ownership by Quarter for FirstEnergy (NYSE:FE)

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