Dubuque Bank & Trust Co. Purchases Shares of 19,949 FirstEnergy Corp. (NYSE:FE)

Dubuque Bank & Trust Co. purchased a new stake in FirstEnergy Corp. (NYSE:FE) during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 19,949 shares of the utilities provider’s stock, valued at approximately $962,000.

Several other hedge funds and other institutional investors also recently bought and sold shares of FE. Pearl River Capital LLC acquired a new stake in FirstEnergy during the 2nd quarter valued at $25,000. Clean Yield Group raised its stake in FirstEnergy by 1,184.0% during the 2nd quarter. Clean Yield Group now owns 642 shares of the utilities provider’s stock valued at $27,000 after purchasing an additional 592 shares during the period. Horan Securities Inc. acquired a new stake in FirstEnergy during the 2nd quarter valued at $28,000. Meeder Asset Management Inc. raised its stake in FirstEnergy by 805.3% during the 2nd quarter. Meeder Asset Management Inc. now owns 679 shares of the utilities provider’s stock valued at $29,000 after purchasing an additional 604 shares during the period. Finally, Doyle Wealth Management acquired a new stake in FirstEnergy during the 2nd quarter valued at $34,000. 94.12% of the stock is currently owned by institutional investors.

Shares of NYSE:FE opened at $47.88 on Friday. The company’s fifty day moving average is $47.11 and its two-hundred day moving average is $43.77. The company has a quick ratio of 0.53, a current ratio of 0.60 and a debt-to-equity ratio of 2.63. FirstEnergy Corp. has a 12-month low of $35.33 and a 12-month high of $49.07. The company has a market cap of $25.71 billion, a P/E ratio of 18.49, a price-to-earnings-growth ratio of 3.17 and a beta of 0.21.

FirstEnergy (NYSE:FE) last posted its quarterly earnings results on Tuesday, July 23rd. The utilities provider reported $0.61 EPS for the quarter, beating the consensus estimate of $0.60 by $0.01. FirstEnergy had a net margin of 2.79% and a return on equity of 20.29%. The business had revenue of $2.60 billion for the quarter, compared to analysts’ expectations of $2.66 billion. During the same period in the previous year, the company posted $0.62 EPS. FirstEnergy’s revenue was down 3.8% on a year-over-year basis. Equities research analysts anticipate that FirstEnergy Corp. will post 2.5 earnings per share for the current year.

The business also recently declared a quarterly dividend, which will be paid on Sunday, December 1st. Stockholders of record on Thursday, November 7th will be issued a dividend of $0.38 per share. This represents a $1.52 annualized dividend and a dividend yield of 3.17%. The ex-dividend date is Wednesday, November 6th. FirstEnergy’s dividend payout ratio is currently 58.69%.

Several brokerages have issued reports on FE. Zacks Investment Research downgraded shares of FirstEnergy from a “hold” rating to a “sell” rating and set a $45.00 target price on the stock. in a research note on Tuesday, July 2nd. TheStreet downgraded shares of FirstEnergy from a “b” rating to a “f” rating in a research note on Thursday, July 18th. ValuEngine downgraded shares of FirstEnergy from a “buy” rating to a “hold” rating in a research note on Wednesday, October 2nd. Finally, Mizuho downgraded shares of FirstEnergy from a “buy” rating to a “neutral” rating and boosted their target price for the company from $48.00 to $48.50 in a research note on Friday, September 20th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and four have assigned a buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus price target of $45.92.

About FirstEnergy

FirstEnergy Corp., through its subsidiaries, generates, transmits, and distributes electricity in the United States. The company operates through Regulated Distribution and Regulated Transmission segments. It owns and operates coal-fired, nuclear, hydroelectric, natural gas, wind, and solar power generating facilities.

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Institutional Ownership by Quarter for FirstEnergy (NYSE:FE)

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