Knights of Columbus Asset Advisors LLC Acquires 3,233 Shares of FirstEnergy Corp. (NYSE:FE)

Knights of Columbus Asset Advisors LLC raised its holdings in shares of FirstEnergy Corp. (NYSE:FEFree Report) by 3.1% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 108,890 shares of the utilities provider’s stock after acquiring an additional 3,233 shares during the quarter. Knights of Columbus Asset Advisors LLC’s holdings in FirstEnergy were worth $3,992,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also bought and sold shares of the company. Clear Street Markets LLC increased its holdings in shares of FirstEnergy by 549.0% in the fourth quarter. Clear Street Markets LLC now owns 649 shares of the utilities provider’s stock worth $27,000 after purchasing an additional 549 shares during the last quarter. Sugarloaf Wealth Management LLC bought a new stake in shares of FirstEnergy in the fourth quarter worth about $29,000. Certified Advisory Corp bought a new stake in shares of FirstEnergy in the first quarter worth about $29,000. Cornerstone Planning Group LLC bought a new stake in shares of FirstEnergy in the second quarter worth about $31,000. Finally, MUFG Americas Holdings Corp bought a new stake in shares of FirstEnergy in the third quarter worth about $32,000. 89.41% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several equities research analysts have recently issued reports on FE shares. cut FirstEnergy from a “hold” rating to a “sell” rating in a report on Monday, February 12th. KeyCorp lifted their target price on FirstEnergy from $41.00 to $43.00 and gave the stock an “overweight” rating in a report on Thursday, January 4th. Finally, The Goldman Sachs Group started coverage on FirstEnergy in a report on Wednesday, April 10th. They issued a “buy” rating and a $45.00 target price on the stock. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and four have issued a buy rating to the company’s stock. According to data from MarketBeat, FirstEnergy has a consensus rating of “Hold” and an average target price of $40.38.

Get Our Latest Report on FirstEnergy

FirstEnergy Trading Up 1.4 %

FE opened at $38.17 on Friday. The firm has a market cap of $21.97 billion, a P/E ratio of 21.09 and a beta of 0.48. FirstEnergy Corp. has a 12 month low of $32.18 and a 12 month high of $41.17. The company has a current ratio of 0.48, a quick ratio of 0.38 and a debt-to-equity ratio of 2.10. The stock has a 50-day moving average of $37.73 and a 200 day moving average of $36.99.

FirstEnergy (NYSE:FEGet Free Report) last released its quarterly earnings results on Friday, February 9th. The utilities provider reported $0.62 EPS for the quarter, topping the consensus estimate of $0.60 by $0.02. FirstEnergy had a return on equity of 13.52% and a net margin of 8.56%. The company had revenue of $3.20 billion during the quarter, compared to analyst estimates of $3.10 billion. During the same quarter last year, the business posted $0.50 earnings per share. The firm’s revenue was up .0% on a year-over-year basis. As a group, research analysts forecast that FirstEnergy Corp. will post 2.67 EPS for the current year.

FirstEnergy Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Saturday, June 1st. Shareholders of record on Tuesday, May 7th will be given a dividend of $0.425 per share. This represents a $1.70 annualized dividend and a dividend yield of 4.45%. The ex-dividend date is Monday, May 6th. This is a positive change from FirstEnergy’s previous quarterly dividend of $0.41. FirstEnergy’s payout ratio is 90.61%.

FirstEnergy 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.

Further Reading

Institutional Ownership by Quarter for FirstEnergy (NYSE:FE)

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