Asset Management One Co. Ltd. Grows Stock Holdings in FirstEnergy Corp. (NYSE:FE)

Asset Management One Co. Ltd. increased its stake in shares of FirstEnergy Corp. (NYSE:FE) by 34.0% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 391,911 shares of the utilities provider’s stock after buying an additional 99,527 shares during the quarter. Asset Management One Co. Ltd. owned about 0.07% of FirstEnergy worth $15,547,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in the stock. Livelsberger Financial Advisory purchased a new stake in FirstEnergy in the 3rd quarter valued at approximately $26,000. True Wealth Design LLC boosted its holdings in FirstEnergy by 4,571.4% in the 3rd quarter. True Wealth Design LLC now owns 654 shares of the utilities provider’s stock valued at $29,000 after purchasing an additional 640 shares in the last quarter. Cedar Mountain Advisors LLC purchased a new stake in FirstEnergy in the 4th quarter valued at approximately $34,000. Quarry LP boosted its holdings in FirstEnergy by 59.1% in the 3rd quarter. Quarry LP now owns 861 shares of the utilities provider’s stock valued at $38,000 after purchasing an additional 320 shares in the last quarter. Finally, Luken Investment Analytics LLC purchased a new stake in FirstEnergy in the 4th quarter valued at approximately $40,000. Hedge funds and other institutional investors own 89.41% of the company’s stock.

FirstEnergy Trading Down 0.5 %

Shares of FE opened at $40.04 on Friday. The stock has a fifty day moving average of $39.83 and a two-hundred day moving average of $41.81. The company has a debt-to-equity ratio of 1.58, a quick ratio of 0.46 and a current ratio of 0.56. The company has a market capitalization 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 fifty-two week low of $36.01 and a fifty-two week high of $44.97.

FirstEnergy Announces Dividend

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

Wall Street Analysts Forecast Growth

FE has been the topic of a number of analyst reports. Scotiabank raised FirstEnergy from a “sector perform” rating to a “sector outperform” rating and lifted their price objective for the company from $45.00 to $50.00 in a report on Thursday, December 12th. KeyCorp reduced their price target on shares of FirstEnergy from $48.00 to $47.00 and set an “overweight” rating for the company in a research report on Wednesday, December 4th. Morgan Stanley reduced their price target on shares of FirstEnergy from $52.00 to $50.00 and set an “overweight” rating for the company in a research report on Friday, November 22nd. Wolfe Research downgraded shares of FirstEnergy from an “outperform” rating to a “peer perform” rating in a research report on Thursday, January 23rd. Finally, Seaport Res Ptn downgraded 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 issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $46.27.

FirstEnergy Company 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.