B. Riley Wealth Advisors Inc. Buys 339 Shares of FirstEnergy Corp. (NYSE:FE)

B. Riley Wealth Advisors Inc. boosted its stake in shares of FirstEnergy Corp. (NYSE:FEFree Report) by 1.2% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 28,575 shares of the utilities provider’s stock after acquiring an additional 339 shares during the quarter. B. Riley Wealth Advisors Inc.’s holdings in FirstEnergy were worth $977,000 as of its most recent SEC filing.

A number of other large investors also recently added to or reduced their stakes in FE. Capital World Investors lifted its position in FirstEnergy by 45.0% during the 2nd quarter. Capital World Investors now owns 43,450,863 shares of the utilities provider’s stock valued at $1,689,370,000 after purchasing an additional 13,484,251 shares during the period. Vanguard Group Inc. raised its position in shares of FirstEnergy by 7.0% in the 1st quarter. Vanguard Group Inc. now owns 68,214,574 shares of the utilities provider’s stock valued at $3,128,322,000 after acquiring an additional 4,443,050 shares during the period. FMR LLC raised its position in shares of FirstEnergy by 31.1% in the 3rd quarter. FMR LLC now owns 15,827,860 shares of the utilities provider’s stock valued at $540,996,000 after acquiring an additional 3,756,228 shares during the period. Deutsche Bank AG raised its position in shares of FirstEnergy by 122.5% in the 1st quarter. Deutsche Bank AG now owns 1,989,571 shares of the utilities provider’s stock valued at $79,702,000 after acquiring an additional 1,095,445 shares during the period. Finally, ClearBridge Investments Ltd raised its position in shares of FirstEnergy by 58.1% in the 1st quarter. ClearBridge Investments Ltd now owns 2,543,588 shares of the utilities provider’s stock valued at $116,649,000 after acquiring an additional 934,346 shares during the period. 82.34% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of analysts recently weighed in on FE shares. StockNews.com downgraded shares of FirstEnergy from a “hold” rating to a “sell” rating in a research report on Monday, February 12th. KeyCorp increased their price target on shares of FirstEnergy from $41.00 to $43.00 and gave the company an “overweight” rating in a research report on Thursday, January 4th. Two research analysts have rated the stock with a sell rating, four have issued a hold rating and three have assigned a buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $39.67.

Check Out Our Latest Stock Analysis on FE

FirstEnergy Price Performance

Shares of FE opened at $37.95 on Monday. The stock has a market capitalization of $21.80 billion, a P/E ratio of 20.97 and a beta of 0.48. FirstEnergy Corp. has a twelve month low of $32.18 and a twelve month high of $41.99. The company has a 50 day moving average of $37.24 and a 200-day moving average of $36.56. The company has a quick ratio of 0.38, a current ratio of 0.48 and a debt-to-equity ratio of 2.10.

FirstEnergy (NYSE:FEGet Free Report) last issued its quarterly earnings results on Friday, February 9th. The utilities provider reported $0.62 earnings per share for the quarter, topping the consensus estimate of $0.60 by $0.02. The company had revenue of $3.20 billion during the quarter, compared to analysts’ expectations of $3.10 billion. FirstEnergy had a net margin of 8.56% and a return on equity of 13.52%. The business’s quarterly revenue was up .0% on a year-over-year basis. During the same period last year, the business earned $0.50 EPS. As a group, equities research analysts forecast that FirstEnergy Corp. will post 2.67 EPS for the current fiscal year.

FirstEnergy Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, March 1st. Stockholders of record on Wednesday, February 7th were paid a dividend of $0.41 per share. The ex-dividend date was Tuesday, February 6th. This represents a $1.64 annualized dividend and a dividend yield of 4.32%. FirstEnergy’s dividend payout ratio is currently 90.61%.

FirstEnergy Company Profile

(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.

See Also

Institutional Ownership by Quarter for FirstEnergy (NYSE:FE)

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