Bokf Na Has $10.16 Million Stock Position in FirstEnergy Corp. (NYSE:FE)

Bokf Na lowered its position in shares of FirstEnergy Corp. (NYSE:FE) by 6.8% in the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 265,547 shares of the utilities provider’s stock after selling 19,304 shares during the quarter. Bokf Na’s holdings in FirstEnergy were worth $10,162,000 at the end of the most recent quarter.

A number of other hedge funds have also made changes to their positions in FE. Sachetta LLC increased its position in FirstEnergy by 36.0% in the 2nd quarter. Sachetta LLC now owns 929 shares of the utilities provider’s stock valued at $39,000 after acquiring an additional 246 shares in the last quarter. Richardson Financial Services Inc. raised its stake in FirstEnergy by 6.2% during the first quarter. Richardson Financial Services Inc. now owns 4,995 shares of the utilities provider’s stock worth $193,000 after acquiring an additional 290 shares in the last quarter. Marcum Wealth LLC raised its stake in FirstEnergy by 3.8% during the first quarter. Marcum Wealth LLC now owns 7,973 shares of the utilities provider’s stock worth $308,000 after acquiring an additional 295 shares in the last quarter. Greenleaf Trust increased its stake in shares of FirstEnergy by 3.1% in the first quarter. Greenleaf Trust now owns 9,736 shares of the utilities provider’s stock valued at $376,000 after buying an additional 295 shares during the period. Finally, Oregon Public Employees Retirement Fund increased its position in FirstEnergy by 0.7% during the 2nd quarter. Oregon Public Employees Retirement Fund now owns 44,441 shares of the utilities provider’s stock valued at $1,701,000 after purchasing an additional 310 shares during the period. Institutional investors and hedge funds own 89.41% of the company’s stock.

FirstEnergy Stock Down 0.3 %

FirstEnergy stock opened at $44.15 on Thursday. The company has a debt-to-equity ratio of 1.52, a quick ratio of 0.43 and a current ratio of 0.51. The business’s 50-day simple moving average is $41.80 and its two-hundred day simple moving average is $39.65. The company has a market cap of $25.41 billion, a PE ratio of 25.37, a PEG ratio of 2.32 and a beta of 0.50. FirstEnergy Corp. has a fifty-two week low of $32.18 and a fifty-two week high of $44.97.

FirstEnergy (NYSE:FE) last issued its earnings results on Tuesday, July 30th. The utilities provider reported $0.56 EPS for the quarter, hitting analysts’ consensus estimates of $0.56. The firm had revenue of $3.28 billion for the quarter, compared to the consensus estimate of $3.47 billion. FirstEnergy had a return on equity of 12.12% and a net margin of 6.61%. During the same quarter in the prior year, the business earned $0.47 earnings per share. Equities analysts anticipate that FirstEnergy Corp. will post 2.7 EPS for the current year.

FirstEnergy Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Sunday, September 1st. Shareholders of record on Wednesday, August 7th were issued a dividend of $0.425 per share. The ex-dividend date of this dividend was Wednesday, August 7th. This represents a $1.70 dividend on an annualized basis and a dividend yield of 3.85%. FirstEnergy’s payout ratio is currently 97.70%.

Analyst Upgrades and Downgrades

FE has been the topic of a number of recent research reports. Bank of America increased their target price on FirstEnergy from $42.00 to $43.00 and gave the stock an “underperform” rating in a report on Thursday, August 29th. Morgan Stanley increased their price target on FirstEnergy from $45.00 to $48.00 and gave the company an “overweight” rating in a research report on Friday, August 23rd. KeyCorp raised their target price on FirstEnergy from $43.00 to $45.00 and gave the company an “overweight” rating in a research report on Wednesday, August 14th. JPMorgan Chase & Co. lifted their price objective on FirstEnergy from $43.00 to $45.00 and gave the stock a “neutral” rating in a report on Wednesday, August 7th. Finally, Wells Fargo & Company raised their target price on FirstEnergy from $42.00 to $45.00 and gave the stock an “equal weight” rating in a research note on Thursday, August 1st. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and three have given a buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and an average price target of $43.50.

FirstEnergy Profile

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.