FirstEnergy Corporation $FE Shares Purchased by Vise Technologies Inc.

Vise Technologies Inc. boosted its position in shares of FirstEnergy Corporation (NYSE:FE) by 73.4% during the 3rd quarter, HoldingsChannel.com reports. The fund owned 58,467 shares of the utilities provider’s stock after buying an additional 24,757 shares during the quarter. Vise Technologies Inc.’s holdings in FirstEnergy were worth $2,533,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also recently added to or reduced their stakes in the company. Simplicity Wealth LLC grew its position in shares of FirstEnergy by 3.4% in the 1st quarter. Simplicity Wealth LLC now owns 6,839 shares of the utilities provider’s stock valued at $346,000 after acquiring an additional 223 shares during the period. Elevation Point Wealth Partners LLC raised its holdings in shares of FirstEnergy by 1.0% in the 2nd quarter. Elevation Point Wealth Partners LLC now owns 25,572 shares of the utilities provider’s stock valued at $1,216,000 after purchasing an additional 245 shares during the period. CX Institutional raised its holdings in shares of FirstEnergy by 3.5% in the 2nd quarter. CX Institutional now owns 7,776 shares of the utilities provider’s stock valued at $370,000 after purchasing an additional 266 shares during the period. Versant Capital Management Inc raised its holdings in shares of FirstEnergy by 16.7% in the 3rd quarter. Versant Capital Management Inc now owns 1,939 shares of the utilities provider’s stock valued at $84,000 after purchasing an additional 278 shares during the period. Finally, JFS Wealth Advisors LLC raised its holdings in shares of FirstEnergy by 7.3% in the 2nd quarter. JFS Wealth Advisors LLC now owns 4,564 shares of the utilities provider’s stock valued at $217,000 after purchasing an additional 311 shares during the period. Institutional investors and hedge funds own 89.41% of the company’s stock.

FirstEnergy Trading Down 0.1%

FE stock opened at $47.16 on Thursday. FirstEnergy Corporation has a 52 week low of $42.67 and a 52 week high of $52.34. The company has a market capitalization of $27.30 billion, a PE ratio of 17.29, a price-to-earnings-growth ratio of 2.77 and a beta of 0.39. The company’s 50-day simple moving average is $45.47 and its 200 day simple moving average is $47.52. The company has a debt-to-equity ratio of 1.79, a quick ratio of 0.31 and a current ratio of 0.38.

FirstEnergy (NYSE:FE) last issued its quarterly earnings data on Tuesday, October 27th. The utilities provider reported $0.98 earnings per share for the quarter, topping the consensus estimate of $0.90 by $0.08. The business had revenue of $4.56 billion during the quarter, compared to analysts’ expectations of $4.24 billion. FirstEnergy had a net margin of 7.40% and a return on equity of 11.07%. The business’s revenue was up 12.2% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.83 EPS. As a group, sell-side analysts anticipate that FirstEnergy Corporation will post 2.74 earnings per share for the current year.

FirstEnergy Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, December 1st. Stockholders of record on Friday, November 6th will be given a $0.4650 dividend. This represents a $1.86 dividend on an annualized basis and a dividend yield of 3.9%. The ex-dividend date is Friday, November 6th. FirstEnergy’s payout ratio is presently 89.42%.

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on the stock. Weiss Ratings upgraded shares of FirstEnergy from a “buy (b-)” rating to a “buy (b)” rating in a research note on Monday. BMO Capital Markets assumed coverage on FirstEnergy in a research report on Monday, October 26th. They set an “outperform” rating and a $50.00 price target on the stock. New Street Research set a $47.00 price objective on FirstEnergy in a research report on Tuesday, October 13th. HSBC began coverage on FirstEnergy in a research note on Thursday, October 22nd. They set a “buy” rating and a $50.00 target price for the company. Finally, Wall Street Zen raised FirstEnergy from a “sell” rating to a “hold” rating in a report on Saturday, September 19th. Eight research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the stock. Based on data from MarketBeat, FirstEnergy has a consensus rating of “Moderate Buy” and an average target price of $50.77.

FirstEnergy Company Profile

FirstEnergy Corp. (NYSE: FE) is an electric utility company focused on the transmission and distribution of electricity. Through its regulated utility subsidiaries, the company delivers power to residential, commercial and industrial customers and maintains the poles, lines, substations and other infrastructure that support electric service.

FirstEnergy’s distribution operations serve customers across parts of Ohio, Pennsylvania, New Jersey, West Virginia and Maryland. Its utility companies include Ohio Edison, The Illuminating Company, Toledo Edison, Jersey Central Power & Light, Met-Ed, Penelec, Penn Power, West Penn Power, Mon Power and The Potomac Edison Company.