Lindbrook Capital LLC Buys 1,564 Shares of FirstEnergy Corp. (NYSE:FE)

Lindbrook Capital LLC increased its stake in shares of FirstEnergy Corp. (NYSE:FE) by 28.4% during the 4th quarter, HoldingsChannel.com reports. The firm 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 at the end of the most recent quarter.

Other large investors have also recently modified their holdings of the company. Sugarloaf Wealth Management LLC bought a new position in shares of FirstEnergy during the 4th quarter valued at approximately $29,000. Blue Trust Inc. increased its position in shares of FirstEnergy by 327.3% during the 4th quarter. Blue Trust Inc. now owns 1,034 shares of the utilities provider’s stock valued at $35,000 after purchasing an additional 792 shares during the last quarter. Wetzel Investment Advisors Inc. bought a new position in shares of FirstEnergy during the fourth quarter valued at approximately $40,000. Authentikos Wealth Advisory LLC purchased a new stake in shares of FirstEnergy in the third quarter worth approximately $45,000. Finally, NBC Securities Inc. purchased a new stake in shares of FirstEnergy in the third quarter worth approximately $45,000. Institutional investors own 89.41% of the company’s stock.

FirstEnergy Stock Performance

FE stock opened at $38.21 on Tuesday. FirstEnergy Corp. has a one year low of $32.18 and a one year high of $41.17. The firm has a market cap of $21.99 billion, a price-to-earnings ratio of 21.11 and a beta of 0.48. The company has a debt-to-equity ratio of 2.10, a quick ratio of 0.38 and a current ratio of 0.48. The firm has a 50-day simple moving average of $37.74 and a two-hundred day simple moving average of $37.05.

FirstEnergy (NYSE:FE) last announced its earnings results 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. The firm had revenue of $3.20 billion for the quarter, compared to the consensus estimate of $3.10 billion. FirstEnergy had a return on equity of 13.52% and a net margin of 8.56%. The firm’s revenue for the quarter was up .0% on a year-over-year basis. During the same period in the previous year, the business earned $0.50 EPS. On average, equities analysts forecast that FirstEnergy Corp. will post 2.67 EPS for the current fiscal year.

FirstEnergy Increases Dividend

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

Analysts Set New Price Targets

Several equities analysts have commented on the company. Scotiabank cut their price objective on FirstEnergy from $41.00 to $40.00 and set a “sector perform” rating on the stock in a research report on Monday. KeyCorp raised their price target on shares of FirstEnergy from $41.00 to $43.00 and gave the stock an “overweight” rating in a research note on Thursday, January 4th. StockNews.com cut shares of FirstEnergy from a “hold” rating to a “sell” rating in a research report on Monday, February 12th. Finally, The Goldman Sachs Group started coverage on shares of FirstEnergy in a research report on Wednesday, April 10th. They set a “buy” rating and a $45.00 target price on the stock. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and four have given a buy rating to the company’s stock. Based on data from MarketBeat, FirstEnergy presently has an average rating of “Hold” and an average target price of $40.33.

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.