FirstEnergy Corp. (NYSE:FE) Holdings Reduced by Global Retirement Partners LLC

Global Retirement Partners LLC trimmed its stake in FirstEnergy Corp. (NYSE:FE) by 7.2% during the fourth quarter, according to its most recent disclosure with the SEC. The fund owned 6,002 shares of the utilities provider’s stock after selling 467 shares during the quarter. Global Retirement Partners LLC’s holdings in FirstEnergy were worth $225,000 as of its most recent SEC filing.

Other hedge funds also recently bought and sold shares of the company. Lake Point Wealth Management acquired a new position in shares of FirstEnergy during the fourth quarter valued at $25,000. Whittier Trust Co. of Nevada Inc. acquired a new position in FirstEnergy during the fourth quarter worth about $34,000. Kaizen Advisory LLC grew its holdings in FirstEnergy by 23.6% during the fourth quarter. Kaizen Advisory LLC now owns 1,328 shares of the utilities provider’s stock worth $50,000 after acquiring an additional 254 shares during the period. Patriot Financial Group Insurance Agency LLC grew its holdings in FirstEnergy by 98.4% during the fourth quarter. Patriot Financial Group Insurance Agency LLC now owns 1,343 shares of the utilities provider’s stock worth $50,000 after acquiring an additional 666 shares during the period. Finally, Capital Investment Advisory Services LLC acquired a new position in FirstEnergy during the fourth quarter worth about $52,000. Institutional investors own 90.75% of the company’s stock.

In other FirstEnergy news, EVP Leila L. Vespoli sold 24,400 shares of the firm’s stock in a transaction dated Monday, March 11th. The stock was sold at an average price of $41.33, for a total transaction of $1,008,452.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 0.32% of the company’s stock.

A number of research firms recently weighed in on FE. Zacks Investment Research lowered FirstEnergy from a “buy” rating to a “hold” rating in a research report on Wednesday, February 6th. Bank of America increased their price target on FirstEnergy from $41.00 to $46.00 and gave the company a “buy” rating in a research report on Thursday, March 28th. Two analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. The company presently has an average rating of “Buy” and an average target price of $42.86.

Shares of NYSE:FE traded up $0.27 during midday trading on Friday, reaching $40.50. The company had a trading volume of 4,477,140 shares, compared to its average volume of 4,860,040. 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. The firm has a market capitalization of $21.52 billion, a price-to-earnings ratio of 15.64 and a beta of 0.30.

FirstEnergy (NYSE:FE) last released its quarterly earnings results on Tuesday, February 19th. The utilities provider reported $0.50 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.47 by $0.03. FirstEnergy had a return on equity of 21.13% and a net margin of 10.41%. The business had revenue of $2.71 billion during the quarter, compared to analyst estimates of $2.67 billion. During the same quarter last year, the company posted $0.71 EPS. Equities analysts predict that FirstEnergy Corp. will post 2.57 earnings per share for the current year.

The firm also recently disclosed 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. The ex-dividend date is Monday, May 6th. This represents a $1.52 dividend on an annualized basis and a yield of 3.75%. FirstEnergy’s payout ratio is presently 58.69%.

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About FirstEnergy

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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