FirstEnergy Corporation (NYSE:FE) Shares Bought by LS Investment Advisors LLC

LS Investment Advisors LLC raised its position in shares of FirstEnergy Corporation (NYSE:FE) by 9.8% during the second quarter, according to its most recent disclosure with the SEC. The firm owned 23,190 shares of the utilities provider’s stock after buying an additional 2,076 shares during the period. LS Investment Advisors LLC’s holdings in FirstEnergy Corporation were worth $676,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Sheaff Brock Investment Advisors LLC boosted its position in FirstEnergy Corporation by 0.5% in the first quarter. Sheaff Brock Investment Advisors LLC now owns 10,895 shares of the utilities provider’s stock valued at $347,000 after buying an additional 50 shares in the last quarter. Stratos Wealth Partners LTD. boosted its position in FirstEnergy Corporation by 0.4% in the first quarter. Stratos Wealth Partners LTD. now owns 19,072 shares of the utilities provider’s stock valued at $607,000 after buying an additional 76 shares in the last quarter. Investment Centers of America Inc. boosted its position in FirstEnergy Corporation by 1.0% in the first quarter. Investment Centers of America Inc. now owns 9,202 shares of the utilities provider’s stock valued at $293,000 after buying an additional 94 shares in the last quarter. Sandy Spring Bank boosted its position in FirstEnergy Corporation by 1.9% in the first quarter. Sandy Spring Bank now owns 5,075 shares of the utilities provider’s stock valued at $161,000 after buying an additional 97 shares in the last quarter. Finally, Eqis Capital Management Inc. boosted its position in FirstEnergy Corporation by 1.4% in the first quarter. Eqis Capital Management Inc. now owns 10,481 shares of the utilities provider’s stock valued at $334,000 after buying an additional 145 shares in the last quarter. 78.11% of the stock is owned by institutional investors.

Shares of FirstEnergy Corporation (NYSE:FE) opened at 32.17 on Friday. The company’s 50-day moving average price is $30.62 and its 200-day moving average price is $30.36. FirstEnergy Corporation has a 12 month low of $27.93 and a 12 month high of $34.96. The firm’s market cap is $14.29 billion.

FirstEnergy Corporation (NYSE:FE) last posted its quarterly earnings results on Thursday, July 27th. The utilities provider reported $0.61 EPS for the quarter, hitting analysts’ consensus estimates of $0.61. The company had revenue of $3.30 billion for the quarter, compared to analysts’ expectations of $3.38 billion. FirstEnergy Corporation had a negative net margin of 35.59% and a positive return on equity of 15.41%. FirstEnergy Corporation’s revenue was down 3.0% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.56 EPS. On average, analysts predict that FirstEnergy Corporation will post $2.81 EPS for the current year.

The business also recently declared a quarterly dividend, which will be paid on Friday, September 1st. Investors of record on Monday, August 7th will be issued a $0.36 dividend. The ex-dividend date is Thursday, August 3rd. This represents a $1.44 dividend on an annualized basis and a dividend yield of 4.48%. FirstEnergy Corporation’s dividend payout ratio (DPR) is presently -12.31%.

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Several research firms have recently weighed in on FE. Jefferies Group LLC reduced their price objective on FirstEnergy Corporation from $32.00 to $31.00 and set a “hold” rating for the company in a research report on Monday, May 1st. Zacks Investment Research raised FirstEnergy Corporation from a “hold” rating to a “buy” rating and set a $33.00 price target for the company in a research report on Thursday, June 22nd. Citigroup Inc. reduced their price target on FirstEnergy Corporation from $32.00 to $31.00 and set a “neutral” rating for the company in a research report on Wednesday, July 19th. BidaskClub raised FirstEnergy Corporation from a “sell” rating to a “hold” rating in a research report on Monday, July 24th. Finally, Deutsche Bank AG reissued a “hold” rating and set a $34.00 price target (up from $31.00) on shares of FirstEnergy Corporation in a research report on Monday, July 31st. One investment analyst has rated the stock with a sell rating, twelve have assigned a hold rating and five have issued a buy rating to the stock. The stock presently has an average rating of “Hold” and an average price target of $33.71.

About FirstEnergy Corporation

FirstEnergy Corp. is a holding company. The Company is engaged in holding, directly or indirectly, all of the outstanding equity of its principal subsidiaries. Its segments include Regulated Distribution, Regulated Transmission, Competitive Energy Services (CES) and Corporate/Other. As of December 31, 2016, the Regulated Distribution segment distributed electricity through the Company’s 10 utility operating companies, serving approximately six million customers, and purchased power for its provider of last resort (POLR), standard offer service (SOS), standard offer service (SSO) and default service requirements in Ohio, Pennsylvania, New Jersey and Maryland.

Institutional Ownership by Quarter for FirstEnergy Corporation (NYSE:FE)

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