FirstEnergy Corp. (NYSE:FE) Shares Bought by Yousif Capital Management LLC

Yousif Capital Management LLC lifted its holdings in shares of FirstEnergy Corp. (NYSE:FE) by 2.8% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm owned 94,060 shares of the utilities provider’s stock after buying an additional 2,567 shares during the period. Yousif Capital Management LLC’s holdings in FirstEnergy were worth $3,742,000 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. Wedge Capital Management L L P NC acquired a new stake in FirstEnergy during the 4th quarter worth approximately $12,198,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its holdings in shares of FirstEnergy by 7.9% during the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 2,346,263 shares of the utilities provider’s stock worth $104,057,000 after purchasing an additional 171,955 shares during the period. DRW Securities LLC purchased a new position in FirstEnergy in the 3rd quarter valued at $1,154,000. Whalen Wealth Management Inc. purchased a new position in FirstEnergy in the 4th quarter valued at $664,000. Finally, Nomura Asset Management Co. Ltd. increased its stake in FirstEnergy by 16.8% in the 3rd quarter. Nomura Asset Management Co. Ltd. now owns 186,406 shares of the utilities provider’s stock valued at $8,267,000 after buying an additional 26,874 shares during the period. Hedge funds and other institutional investors own 89.41% of the company’s stock.

FirstEnergy Stock Up 0.1 %

FE opened at $40.17 on Friday. FirstEnergy Corp. has a one year low of $35.41 and a one year high of $44.97. The company has a market cap of $23.15 billion, a price-to-earnings ratio of 25.92, a PEG ratio of 1.99 and a beta of 0.52. The business’s fifty day moving average is $40.00 and its two-hundred day moving average is $41.83. The company has a debt-to-equity ratio of 1.58, a quick ratio of 0.46 and a current ratio of 0.56.

FirstEnergy Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Saturday, March 1st. Investors of record on Friday, February 7th will be paid a $0.425 dividend. The ex-dividend date is Friday, February 7th. This represents a $1.70 dividend on an annualized basis and a yield of 4.23%. FirstEnergy’s payout ratio is 109.68%.

Analyst Ratings Changes

Several analysts have recently commented on FE shares. Scotiabank upgraded shares of FirstEnergy from a “sector perform” rating to a “sector outperform” rating and raised their target price for the stock from $45.00 to $50.00 in a research note on Thursday, December 12th. Seaport Res Ptn downgraded shares of FirstEnergy from a “strong-buy” rating to a “hold” rating in a research report on Thursday, October 31st. KeyCorp dropped their target price on FirstEnergy from $48.00 to $47.00 and set an “overweight” rating on the stock in a research report on Wednesday, December 4th. Morgan Stanley reduced their price target on FirstEnergy from $52.00 to $50.00 and set an “overweight” rating for the company in a report on Friday, November 22nd. Finally, JPMorgan Chase & Co. upped their price objective on FirstEnergy from $45.00 to $46.00 and gave the stock a “neutral” rating in a report on Friday, October 18th. 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. According to data from MarketBeat.com, FirstEnergy has a consensus rating of “Hold” and an average 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.