FirstEnergy Corp. (NYSE:FE) Shares Sold by Sanctuary Advisors LLC

Sanctuary Advisors LLC cut its holdings in FirstEnergy Corp. (NYSE:FEFree Report) by 5.8% in the 4th quarter, according to its most recent 13F filing with the SEC. The fund owned 24,983 shares of the utilities provider’s stock after selling 1,525 shares during the period. Sanctuary Advisors LLC’s holdings in FirstEnergy were worth $992,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. Creative Planning increased its holdings in shares of FirstEnergy by 5.0% during the 3rd quarter. Creative Planning now owns 38,301 shares of the utilities provider’s stock worth $1,699,000 after buying an additional 1,813 shares during the last quarter. International Assets Investment Management LLC increased its holdings in shares of FirstEnergy by 4,445.0% during the 3rd quarter. International Assets Investment Management LLC now owns 219,434 shares of the utilities provider’s stock worth $9,732,000 after buying an additional 214,606 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. increased its holdings in shares of FirstEnergy by 34.6% during the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 33,827 shares of the utilities provider’s stock worth $1,490,000 after buying an additional 8,703 shares during the last quarter. Nisa Investment Advisors LLC increased its holdings in shares of FirstEnergy by 3.7% during the 3rd quarter. Nisa Investment Advisors LLC now owns 31,263 shares of the utilities provider’s stock worth $1,387,000 after buying an additional 1,107 shares during the last quarter. Finally, abrdn plc increased its holdings in shares of FirstEnergy by 8.0% during the 3rd quarter. abrdn plc now owns 852,059 shares of the utilities provider’s stock worth $37,691,000 after buying an additional 63,120 shares during the last quarter. 89.41% of the stock is currently owned by institutional investors and hedge funds.

FirstEnergy Price Performance

Shares of NYSE FE opened at $42.99 on Thursday. The company has a quick ratio of 0.46, a current ratio of 0.56 and a debt-to-equity ratio of 1.58. FirstEnergy Corp. has a fifty-two week low of $36.01 and a fifty-two week high of $44.97. The business has a 50 day moving average price of $40.10 and a two-hundred day moving average price of $41.79. The firm has a market cap of $24.78 billion, a PE ratio of 27.74, a price-to-earnings-growth ratio of 2.07 and a beta of 0.52.

FirstEnergy (NYSE:FEGet Free Report) last posted its quarterly earnings data on Wednesday, February 26th. The utilities provider reported $0.67 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.70 by ($0.03). FirstEnergy had a return on equity of 11.38% and a net margin of 6.64%. The business had revenue of $3.20 billion for the quarter, compared to analysts’ expectations of $3.53 billion. Sell-side analysts expect that FirstEnergy Corp. will post 2.66 earnings per share for the current fiscal year.

FirstEnergy Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Saturday, March 1st. Shareholders of record on Friday, February 7th will be issued a dividend of $0.425 per share. The ex-dividend date is Friday, February 7th. This represents a $1.70 annualized dividend and a yield of 3.95%. FirstEnergy’s dividend payout ratio is presently 109.68%.

Analyst Ratings Changes

FE has been the subject of a number of research analyst reports. Scotiabank upgraded FirstEnergy from a “sector perform” rating to a “sector outperform” rating and upped their price objective for the stock from $45.00 to $50.00 in a report on Thursday, December 12th. KeyCorp decreased their price target on shares of FirstEnergy from $48.00 to $47.00 and set an “overweight” rating for the company in a research report on Wednesday, December 4th. Seaport Res Ptn cut shares of FirstEnergy from a “strong-buy” rating to a “hold” rating in a research report on Thursday, October 31st. Morgan Stanley decreased their price target on shares of FirstEnergy from $52.00 to $50.00 and set an “overweight” rating for the company in a research report on Friday, November 22nd. Finally, Wolfe Research cut shares of FirstEnergy from an “outperform” rating to a “peer perform” rating in a research report on Thursday, January 23rd. One analyst has rated the stock with a sell rating, eight have issued a hold rating and five have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $46.27.

View Our Latest Stock Analysis on FirstEnergy

FirstEnergy Company Profile

(Free Report)

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.

See Also

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Institutional Ownership by Quarter for FirstEnergy (NYSE:FE)

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