FirstEnergy Corp. (NYSE:FE) Stock Holdings Boosted by Lindbrook Capital LLC

Lindbrook Capital LLC raised its position in shares of FirstEnergy Corp. (NYSE:FE) by 28.4% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 7,065 shares of the utilities provider’s stock after purchasing an additional 1,564 shares during the quarter. Lindbrook Capital LLC’s holdings in FirstEnergy were worth $259,000 as of its most recent SEC filing.

Several other large investors have also modified their holdings of the stock. Sugarloaf Wealth Management LLC purchased a new stake in shares of FirstEnergy in the fourth quarter valued at $29,000. Blue Trust Inc. raised its holdings in shares of FirstEnergy by 327.3% during the fourth quarter. Blue Trust Inc. now owns 1,034 shares of the utilities provider’s stock worth $35,000 after acquiring an additional 792 shares in the last quarter. Wetzel Investment Advisors Inc. purchased a new stake in shares of FirstEnergy during the fourth quarter worth $40,000. NBC Securities Inc. purchased a new stake in shares of FirstEnergy during the third quarter worth $45,000. Finally, Authentikos Wealth Advisory LLC purchased a new stake in shares of FirstEnergy during the third quarter worth $45,000. 89.41% of the stock is owned by institutional investors.

FirstEnergy Stock Performance

NYSE:FE opened at $38.21 on Tuesday. The company has a current ratio of 0.48, a quick ratio of 0.38 and a debt-to-equity ratio of 2.10. The firm has a 50 day moving average of $37.74 and a 200-day moving average of $37.05. FirstEnergy Corp. has a 1 year low of $32.18 and a 1 year high of $41.17. The stock has a market capitalization of $21.99 billion, a P/E ratio of 21.11 and a beta of 0.48.

FirstEnergy (NYSE:FE) last posted its quarterly earnings data on Friday, February 9th. The utilities provider reported $0.62 earnings per share for the quarter, topping the consensus estimate of $0.60 by $0.02. FirstEnergy had a net margin of 8.56% and a return on equity of 13.52%. The firm had revenue of $3.20 billion during the quarter, compared to analysts’ expectations of $3.10 billion. During the same quarter in the previous year, the company posted $0.50 EPS. FirstEnergy’s revenue was up .0% on a year-over-year basis. As a group, sell-side analysts anticipate that FirstEnergy Corp. will post 2.67 EPS for the current fiscal year.

FirstEnergy Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Saturday, June 1st. Shareholders of record on Tuesday, May 7th will be issued a dividend of $0.425 per share. This represents a $1.70 dividend on an annualized basis and a yield of 4.45%. The ex-dividend date of this dividend is Monday, May 6th. This is a positive change from FirstEnergy’s previous quarterly dividend of $0.41. FirstEnergy’s payout ratio is currently 90.61%.

Analysts Set New Price Targets

FE has been the subject of several recent research reports. StockNews.com lowered FirstEnergy from a “hold” rating to a “sell” rating in a report on Monday, February 12th. Scotiabank cut their target price on FirstEnergy from $41.00 to $40.00 and set a “sector perform” rating on the stock in a report on Monday. KeyCorp raised their target price on FirstEnergy from $41.00 to $43.00 and gave the company an “overweight” rating in a report on Thursday, January 4th. Finally, The Goldman Sachs Group began coverage on FirstEnergy in a report on Wednesday, April 10th. They set a “buy” rating and a $45.00 target price on the stock. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and four have given a buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $40.33.

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.