Vaughan David Investments LLC IL Has $25.81 Million Position in FirstEnergy Corp. (FE)

Vaughan David Investments LLC IL trimmed its position in shares of FirstEnergy Corp. (NYSE:FE) by 0.1% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 620,309 shares of the utilities provider’s stock after selling 625 shares during the period. Vaughan David Investments LLC IL’s holdings in FirstEnergy were worth $25,811,000 as of its most recent SEC filing.

Other large investors have also recently modified their holdings of the company. Lake Point Wealth Management purchased a new stake in FirstEnergy in the 4th quarter valued at about $25,000. Legacy Advisors LLC purchased a new stake in FirstEnergy in the 1st quarter valued at about $33,000. Destination Wealth Management purchased a new stake in FirstEnergy in the 1st quarter valued at about $35,000. Whittier Trust Co. of Nevada Inc. purchased a new stake in FirstEnergy in the 4th quarter valued at about $34,000. Finally, Tompkins Financial Corp boosted its position in FirstEnergy by 50.1% in the 1st quarter. Tompkins Financial Corp now owns 1,001 shares of the utilities provider’s stock valued at $42,000 after buying an additional 334 shares during the period. Institutional investors own 90.52% of the company’s stock.

In other news, EVP Leila L. Vespoli sold 24,400 shares of the company’s stock in a transaction that occurred on Monday, March 11th. The shares were sold at an average price of $41.33, for a total value of $1,008,452.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.32% of the stock is currently owned by corporate insiders.

Shares of FE traded up $0.03 during mid-day trading on Wednesday, hitting $42.43. The company’s stock had a trading volume of 1,762,999 shares, compared to its average volume of 4,639,959. FirstEnergy Corp. has a 52-week low of $32.92 and a 52-week high of $42.88. The stock has a market capitalization of $22.53 billion, a PE ratio of 16.38, a PEG ratio of 2.74 and a beta of 0.30. The company has a debt-to-equity ratio of 2.72, a quick ratio of 0.47 and a current ratio of 0.54.

FirstEnergy (NYSE:FE) last announced its quarterly earnings results on Tuesday, April 23rd. The utilities provider reported $0.67 earnings per share for the quarter, missing the consensus estimate of $0.68 by ($0.01). FirstEnergy had a return on equity of 21.90% and a net margin of 2.63%. The business had revenue of $2.90 billion during the quarter, compared to analysts’ expectations of $2.88 billion. During the same period in the previous year, the company posted $0.67 EPS. FirstEnergy’s revenue for the quarter was up .0% on a year-over-year basis. Equities research analysts forecast that FirstEnergy Corp. will post 2.59 EPS for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Saturday, June 1st. Stockholders of record on Tuesday, May 7th will be given a $0.38 dividend. The ex-dividend date is Monday, May 6th. This represents a $1.52 annualized dividend and a dividend yield of 3.58%. FirstEnergy’s payout ratio is presently 58.69%.

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

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FirstEnergy Company 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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