FirstEnergy Corp. (NYSE:FE) Shares Purchased by Kestra Private Wealth Services LLC

Kestra Private Wealth Services LLC lifted its position in FirstEnergy Corp. (NYSE:FE) by 12.0% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 20,562 shares of the utilities provider’s stock after purchasing an additional 2,195 shares during the quarter. Kestra Private Wealth Services LLC’s holdings in FirstEnergy were worth $818,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Wedge Capital Management L L P NC acquired a new stake in FirstEnergy during the 4th quarter valued at approximately $12,198,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its position in FirstEnergy by 7.9% during the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 2,346,263 shares of the utilities provider’s stock valued at $104,057,000 after purchasing an additional 171,955 shares during the period. DRW Securities LLC purchased a new stake in FirstEnergy in the third quarter valued at $1,154,000. Whalen Wealth Management Inc. acquired a new stake in FirstEnergy during the 4th quarter worth about $664,000. Finally, Mirae Asset Global Investments Co. Ltd. grew its position in FirstEnergy by 41.8% during the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 47,956 shares of the utilities provider’s stock worth $1,902,000 after purchasing an additional 14,129 shares during the period. Institutional investors and hedge funds own 89.41% of the company’s stock.

FirstEnergy Stock Down 0.5 %

FE opened at $40.04 on Friday. The company has a market cap of $23.08 billion, a PE ratio of 25.83, a price-to-earnings-growth ratio of 2.01 and a beta of 0.52. FirstEnergy Corp. has a twelve month low of $36.01 and a twelve month high of $44.97. The company has a 50-day moving average price of $39.85 and a 200 day moving average price of $41.82. The company has a quick ratio of 0.46, a current ratio of 0.56 and a debt-to-equity ratio of 1.58.

FirstEnergy Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Saturday, March 1st. Stockholders of record on Friday, February 7th will be given a $0.425 dividend. The ex-dividend date of this dividend is Friday, February 7th. This represents a $1.70 annualized dividend and a dividend yield of 4.25%. FirstEnergy’s dividend payout ratio (DPR) is presently 109.68%.

Analyst Ratings Changes

Several brokerages have recently issued reports on FE. Morgan Stanley decreased their price objective on FirstEnergy from $52.00 to $50.00 and set an “overweight” rating for the company in a report on Friday, November 22nd. JPMorgan Chase & Co. upped their price objective on FirstEnergy from $45.00 to $46.00 and gave the stock a “neutral” rating in a research report on Friday, October 18th. KeyCorp dropped their price objective on shares of FirstEnergy from $48.00 to $47.00 and set an “overweight” rating on the stock in a research note on Wednesday, December 4th. Scotiabank upgraded shares of FirstEnergy from a “sector perform” rating to a “sector outperform” rating and boosted their target price for the company from $45.00 to $50.00 in a research note on Thursday, December 12th. Finally, Seaport Res Ptn lowered shares of FirstEnergy from a “strong-buy” rating to a “hold” rating in a research report on Thursday, October 31st. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating and five have given a buy rating to the company’s stock. Based on data from MarketBeat, FirstEnergy has a consensus rating of “Hold” and a consensus target price of $46.27.

About FirstEnergy

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.