Bokf Na Sells 43,076 Shares of FirstEnergy Corp. (NYSE:FE)

Bokf Na reduced its position in shares of FirstEnergy Corp. (NYSE:FE) by 12.5% in the fourth quarter, HoldingsChannel.com reports. The firm owned 302,227 shares of the utilities provider’s stock after selling 43,076 shares during the period. Bokf Na’s holdings in FirstEnergy were worth $11,702,000 at the end of the most recent quarter.

Several other large investors also recently modified their holdings of FE. Vanguard Group Inc. raised its holdings in FirstEnergy by 0.8% in the 4th quarter. Vanguard Group Inc. now owns 65,843,901 shares of the utilities provider’s stock worth $2,619,270,000 after purchasing an additional 508,570 shares in the last quarter. Boston Partners boosted its position in shares of FirstEnergy by 73.5% during the fourth quarter. Boston Partners now owns 16,503,080 shares of the utilities provider’s stock valued at $656,309,000 after purchasing an additional 6,991,866 shares in the last quarter. Geode Capital Management LLC lifted its position in FirstEnergy by 2.7% during the fourth quarter. Geode Capital Management LLC now owns 12,527,440 shares of the utilities provider’s stock valued at $497,009,000 after buying an additional 329,049 shares during the period. Allspring Global Investments Holdings LLC boosted its holdings in shares of FirstEnergy by 2.4% during the 4th quarter. Allspring Global Investments Holdings LLC now owns 9,318,905 shares of the utilities provider’s stock valued at $371,911,000 after buying an additional 220,433 shares in the last quarter. Finally, Northern Trust Corp grew its position in shares of FirstEnergy by 6.4% in the 4th quarter. Northern Trust Corp now owns 4,606,758 shares of the utilities provider’s stock worth $183,257,000 after buying an additional 276,241 shares during the period. 89.41% of the stock is owned by institutional investors.

FirstEnergy Trading Down 0.0 %

Shares of NYSE:FE opened at $43.09 on Tuesday. 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 stock has a market capitalization of $24.87 billion, a price-to-earnings ratio of 27.80, a PEG ratio of 2.07 and a beta of 0.42. The stock’s 50-day simple moving average is $40.28 and its two-hundred day simple moving average is $40.65. FirstEnergy Corp. has a 52-week low of $37.58 and a 52-week high of $44.97.

FirstEnergy (NYSE:FE) last posted its quarterly earnings data on Wednesday, April 23rd. The utilities provider reported $0.67 EPS for the quarter, topping the consensus estimate of $0.60 by $0.07. FirstEnergy had a return on equity of 11.38% and a net margin of 6.64%. The firm had revenue of $3.80 billion for the quarter, compared to the consensus estimate of $3.68 billion. During the same quarter last year, the company earned $0.55 earnings per share. The business’s revenue for the quarter was up 14.5% compared to the same quarter last year. Analysts expect that FirstEnergy Corp. will post 2.66 EPS for the current year.

FirstEnergy Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Sunday, June 1st. Investors of record on Wednesday, May 7th will be paid a dividend of $0.445 per share. This is a boost from FirstEnergy’s previous quarterly dividend of $0.43. The ex-dividend date of this dividend is Wednesday, May 7th. This represents a $1.78 dividend on an annualized basis and a dividend yield of 4.13%. FirstEnergy’s payout ratio is 94.68%.

Analysts Set New Price Targets

Several research firms recently commented on FE. Morgan Stanley reissued an “overweight” rating on shares of FirstEnergy in a research note on Wednesday, April 23rd. Guggenheim upped their price target on FirstEnergy from $45.00 to $47.00 and gave the stock a “buy” rating in a research note on Monday, April 7th. Evercore ISI lifted their price objective on FirstEnergy from $41.00 to $47.00 and gave the company an “outperform” rating in a research note on Monday, April 28th. UBS Group boosted their target price on FirstEnergy from $41.00 to $43.00 and gave the stock a “neutral” rating in a report on Friday, March 21st. Finally, Scotiabank restated an “outperform” rating on shares of FirstEnergy in a report on Friday, April 25th. Nine equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the company. According to data from MarketBeat, FirstEnergy presently has an average rating of “Hold” and a consensus price target of $46.00.

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.