Roxbury Financial LLC Makes New $158,000 Investment in FirstEnergy Corp. (NYSE:FE)

Roxbury Financial LLC bought a new stake in FirstEnergy Corp. (NYSE:FE) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 3,710 shares of the utilities provider’s stock, valued at approximately $158,000.

A number of other institutional investors and hedge funds also recently modified their holdings of the business. Creative Planning increased its position in shares of FirstEnergy by 5.0% during the 3rd quarter. Creative Planning now owns 38,301 shares of the utilities provider’s stock valued at $1,699,000 after purchasing an additional 1,813 shares during the last quarter. Vontobel Holding Ltd. boosted its stake in FirstEnergy by 7.6% in the third quarter. Vontobel Holding Ltd. now owns 5,924 shares of the utilities provider’s stock valued at $263,000 after acquiring an additional 417 shares during the last quarter. nVerses Capital LLC purchased a new position in FirstEnergy in the third quarter valued at about $146,000. Good Life Advisors LLC grew its position in shares of FirstEnergy by 112.2% during the 3rd quarter. Good Life Advisors LLC now owns 11,238 shares of the utilities provider’s stock valued at $498,000 after acquiring an additional 5,942 shares during the period. Finally, Sumitomo Mitsui DS Asset Management Company Ltd increased its stake in shares of FirstEnergy by 2.1% during the 3rd quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 55,234 shares of the utilities provider’s stock worth $2,450,000 after purchasing an additional 1,133 shares during the last quarter. 89.41% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of analysts recently commented on the stock. Seaport Res Ptn cut shares of FirstEnergy from a “strong-buy” rating to a “hold” rating in a research note on Thursday, October 31st. Wolfe Research downgraded shares of FirstEnergy from an “outperform” rating to a “peer perform” rating in a report on Thursday, January 23rd. Scotiabank raised shares of FirstEnergy from a “sector perform” rating to a “sector outperform” rating and upped their price target for the stock from $45.00 to $50.00 in a report on Thursday, December 12th. JPMorgan Chase & Co. lifted their price objective on FirstEnergy from $45.00 to $46.00 and gave the company a “neutral” rating in a research note on Friday, October 18th. Finally, Morgan Stanley decreased their target price on FirstEnergy from $52.00 to $50.00 and set an “overweight” rating on the stock in a research note on Friday, November 22nd. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating and five have given a buy rating to the company’s stock. Based on data from MarketBeat, FirstEnergy presently has a consensus rating of “Hold” and an average target price of $46.27.

FirstEnergy Trading Down 0.5 %

NYSE FE opened at $40.04 on Friday. The stock has a 50-day moving average of $39.85 and a 200-day moving average of $41.82. The company has a current ratio of 0.56, a quick ratio of 0.46 and a debt-to-equity ratio of 1.58. FirstEnergy Corp. has a 1-year low of $36.01 and a 1-year high of $44.97. The firm 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 Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Saturday, March 1st. Investors of record on Friday, February 7th will be issued a dividend of $0.425 per share. The ex-dividend date is Friday, February 7th. This represents a $1.70 dividend on an annualized basis and a yield of 4.25%. FirstEnergy’s dividend payout ratio is currently 109.68%.

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.