Bokf Na Purchases 855 Shares of FirstEnergy Corp. (NYSE:FE)

BOKF NA grew its holdings in FirstEnergy Corp. (NYSE:FE) by 11.8% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 8,080 shares of the utilities provider’s stock after acquiring an additional 855 shares during the period. BOKF NA’s holdings in FirstEnergy were worth $303,000 at the end of the most recent quarter.

Several other hedge funds have also added to or reduced their stakes in the company. Geode Capital Management LLC boosted its holdings in FirstEnergy by 6.4% during the fourth quarter. Geode Capital Management LLC now owns 6,393,048 shares of the utilities provider’s stock worth $239,645,000 after buying an additional 382,694 shares in the last quarter. Stifel Financial Corp lifted its holdings in FirstEnergy by 2.9% during the fourth quarter. Stifel Financial Corp now owns 316,414 shares of the utilities provider’s stock valued at $11,874,000 after purchasing an additional 8,781 shares in the last quarter. Natixis Advisors L.P. lifted its holdings in FirstEnergy by 32.9% during the fourth quarter. Natixis Advisors L.P. now owns 219,067 shares of the utilities provider’s stock valued at $8,225,000 after purchasing an additional 54,186 shares in the last quarter. Dimensional Fund Advisors LP lifted its holdings in FirstEnergy by 12.5% during the fourth quarter. Dimensional Fund Advisors LP now owns 1,332,403 shares of the utilities provider’s stock valued at $50,028,000 after purchasing an additional 148,050 shares in the last quarter. Finally, Duality Advisers LP purchased a new position in FirstEnergy during the fourth quarter valued at $361,000. 90.75% of the stock is currently owned by institutional investors and hedge funds.

In other FirstEnergy news, EVP Leila L. Vespoli sold 24,400 shares of FirstEnergy stock in a transaction dated Monday, March 11th. The shares were sold at an average price of $41.33, for a total transaction of $1,008,452.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. 0.27% of the stock is owned by company insiders.

Several research firms have issued reports on FE. Bank of America increased their price objective on shares of FirstEnergy from $41.00 to $46.00 and gave the company a “buy” rating in a report on Thursday, March 28th. Zacks Investment Research raised shares of FirstEnergy from a “hold” rating to a “buy” rating and set a $46.00 price objective on the stock in a report on Monday, March 4th. Morgan Stanley set a $44.00 price objective on shares of FirstEnergy and gave the company a “buy” rating in a report on Friday, April 5th. Finally, Barclays raised shares of FirstEnergy from an “equal weight” rating to an “overweight” rating and increased their price objective for the company from $40.00 to $46.00 in a report on Wednesday, March 20th. One analyst has rated the stock with a hold rating and eight have issued a buy rating to the company. The stock currently has a consensus rating of “Buy” and an average price target of $42.86.

Shares of NYSE FE traded down $0.09 during mid-day trading on Monday, reaching $41.28. The company’s stock had a trading volume of 2,854,300 shares, compared to its average volume of 5,030,428. The stock has a market capitalization of $21.99 billion, a price-to-earnings ratio of 15.94 and a beta of 0.30. The company has a quick ratio of 0.46, a current ratio of 0.52 and a debt-to-equity ratio of 2.63. FirstEnergy Corp. has a 1-year low of $32.92 and a 1-year high of $42.13.

FirstEnergy (NYSE:FE) last released its quarterly earnings data on Tuesday, February 19th. The utilities provider reported $0.50 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.47 by $0.03. FirstEnergy had a net margin of 10.41% and a return on equity of 21.13%. The firm had revenue of $2.71 billion during the quarter, compared to analysts’ expectations of $2.67 billion. During the same period last year, the business earned $0.71 earnings per share. As a group, equities research analysts expect that FirstEnergy Corp. will post 2.57 EPS for the current year.

The business 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 $0.38 per share. This represents a $1.52 dividend on an annualized basis and a dividend yield of 3.68%. The ex-dividend date is Monday, May 6th. FirstEnergy’s dividend payout ratio is presently 58.69%.

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FirstEnergy Profile

FirstEnergy Corp., through its subsidiaries, generates, transmits, and distributes electricity in the United States. The company operates through Regulated Distribution and Regulated Transmission segments. It owns and operates coal-fired, nuclear, hydroelectric, natural gas, wind, and solar power generating facilities.

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Institutional Ownership by Quarter for FirstEnergy (NYSE:FE)

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