FirstEnergy Corp. (NYSE:FE) Shares Acquired by Heartland Advisors Inc.

Heartland Advisors Inc. increased its holdings in FirstEnergy Corp. (NYSE:FEFree Report) by 27.0% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 483,806 shares of the utilities provider’s stock after acquiring an additional 102,792 shares during the quarter. FirstEnergy makes up about 0.9% of Heartland Advisors Inc.’s holdings, making the stock its 26th biggest position. Heartland Advisors Inc. owned 0.08% of FirstEnergy worth $17,736,000 as of its most recent SEC filing.

A number of other institutional investors have also modified their holdings of the business. Sugarloaf Wealth Management LLC acquired a new position in shares of FirstEnergy during the 4th quarter worth $29,000. Blue Trust Inc. grew its stake in shares of FirstEnergy by 327.3% during the 4th quarter. Blue Trust Inc. now owns 1,034 shares of the utilities provider’s stock worth $35,000 after purchasing an additional 792 shares during the period. Wetzel Investment Advisors Inc. acquired a new position in shares of FirstEnergy during the 4th quarter worth $40,000. NBC Securities Inc. acquired a new position in shares of FirstEnergy during the 3rd quarter worth $45,000. Finally, Authentikos Wealth Advisory LLC acquired a new position in shares of FirstEnergy during the 3rd quarter worth $45,000. 89.41% of the stock is owned by institutional investors and hedge funds.

FirstEnergy Trading Up 0.4 %

NYSE:FE traded up $0.15 on Tuesday, reaching $39.84. The stock had a trading volume of 1,820,124 shares, compared to its average volume of 3,264,731. The company has a market cap of $22.93 billion, a price-to-earnings ratio of 22.90 and a beta of 0.48. The company has a debt-to-equity ratio of 1.59, a current ratio of 0.65 and a quick ratio of 0.56. The firm’s fifty day moving average is $38.30 and its two-hundred day moving average is $37.42. FirstEnergy Corp. has a 12-month low of $32.18 and a 12-month high of $40.42.

FirstEnergy Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Saturday, June 1st. Stockholders of record on Tuesday, May 7th will be paid a dividend of $0.425 per share. The ex-dividend date is Monday, May 6th. This represents a $1.70 dividend on an annualized basis and a dividend yield of 4.27%. This is an increase from FirstEnergy’s previous quarterly dividend of $0.41. FirstEnergy’s dividend payout ratio is currently 97.70%.

Wall Street Analysts Forecast Growth

FE has been the topic of several recent research reports. The Goldman Sachs Group initiated coverage on shares of FirstEnergy in a research report on Wednesday, April 10th. They issued a “buy” rating and a $45.00 price objective on the stock. StockNews.com upgraded shares of FirstEnergy from a “sell” rating to a “hold” rating in a research report on Monday, April 29th. Scotiabank decreased their price objective on shares of FirstEnergy from $41.00 to $40.00 and set a “sector perform” rating on the stock in a research report on Monday, April 22nd. Finally, Bank of America boosted their price objective on shares of FirstEnergy from $30.00 to $35.00 and gave the stock an “underperform” rating in a research report on Tuesday, April 23rd. One investment analyst has rated the stock with a sell rating, five have given a hold rating and four have issued a buy rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $39.80.

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FirstEnergy 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.

Further Reading

Institutional Ownership by Quarter for FirstEnergy (NYSE:FE)

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