Daymark Wealth Partners LLC Acquires 341 Shares of FirstEnergy Corp. (NYSE:FE)

Daymark Wealth Partners LLC lifted its holdings in shares of FirstEnergy Corp. (NYSE:FEFree Report) by 0.5% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 72,037 shares of the utilities provider’s stock after acquiring an additional 341 shares during the period. Daymark Wealth Partners LLC’s holdings in FirstEnergy were worth $2,641,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently made changes to their positions in the business. Meeder Asset Management Inc. grew its position in FirstEnergy by 3.2% in the 4th quarter. Meeder Asset Management Inc. now owns 8,167 shares of the utilities provider’s stock worth $343,000 after purchasing an additional 257 shares in the last quarter. MGO One Seven LLC boosted its stake in FirstEnergy by 4.7% in the third quarter. MGO One Seven LLC now owns 6,425 shares of the utilities provider’s stock valued at $220,000 after acquiring an additional 287 shares during the last quarter. Snowden Capital Advisors LLC boosted its stake in FirstEnergy by 2.2% in the first quarter. Snowden Capital Advisors LLC now owns 13,241 shares of the utilities provider’s stock valued at $530,000 after acquiring an additional 287 shares during the last quarter. United Capital Financial Advisers LLC lifted its stake in shares of FirstEnergy by 2.3% during the 2nd quarter. United Capital Financial Advisers LLC now owns 13,241 shares of the utilities provider’s stock valued at $515,000 after buying an additional 292 shares in the last quarter. Finally, Cornell Pochily Investment Advisors Inc. lifted its stake in shares of FirstEnergy by 1.7% during the 3rd quarter. Cornell Pochily Investment Advisors Inc. now owns 17,826 shares of the utilities provider’s stock valued at $609,000 after buying an additional 306 shares in the last quarter. 82.34% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of brokerages recently commented on FE. KeyCorp upped their price target 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. StockNews.com cut shares of FirstEnergy from a “hold” rating to a “sell” rating in a research note on Monday, February 12th. Two research analysts have rated the stock with a sell rating, four have assigned a hold rating and three have issued a buy rating to the company. According to MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $39.67.

Check Out Our Latest Report on FE

FirstEnergy Price Performance

FE stock opened at $37.95 on Monday. The company has a debt-to-equity ratio of 2.10, a quick ratio of 0.38 and a current ratio of 0.48. FirstEnergy Corp. has a 52 week low of $32.18 and a 52 week high of $41.99. The firm’s fifty day moving average is $37.24 and its 200 day moving average is $36.56. The firm has a market cap of $21.80 billion, a P/E ratio of 20.97 and a beta of 0.48.

FirstEnergy (NYSE:FEGet Free Report) last released its earnings results on Friday, February 9th. The utilities provider reported $0.62 EPS 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 13.52%. The company had revenue of $3.20 billion for the quarter, compared to analyst estimates of $3.10 billion. During the same quarter last year, the firm earned $0.50 EPS. The firm’s quarterly revenue was up .0% compared to the same quarter last year. Research analysts predict that FirstEnergy Corp. will post 2.67 earnings per share for the current year.

FirstEnergy Dividend Announcement

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

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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