Tuesday, 12 December, 2017

Highly Traded Stock: FirstEnergy Corp. (NYSE:FE)

Conrad Doyle | 07 December, 2017, 09:55

Zurcher Kantonalbank Zurich Cantonalbank now owns 78,994 shares of the utilities provider's stock valued at $2,613,000 after buying an additional 33,524 shares during the period. BB&T Securities LLC's holdings in FirstEnergy were worth $1,995,000 as of its most recent filing with the Securities and Exchange Commission. It also reduced its holding in Ishares Tr (IWM) by 36,200 shares in the quarter, leaving it with 39,700 shares, and cut its stake in Air Prods & Chems Inc (NYSE:APD). Similar statistics are true for the second largest owner, Vanguard Group Inc, which owns 44,998,454 shares of the stock are valued at $1.52 billion. Sandy Spring Bank raised its stake in shares of FirstEnergy by 1.3% during the second quarter. Public Employees Retirement Association of Colorado now owns 85,731 shares of the utilities provider's stock valued at $2,500,000 after purchasing an additional 476 shares during the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS raised its position in shares of FirstEnergy by 9.6% in the 3rd quarter. Morgan Stanley now owns 1,178,248 shares of the utilities provider's stock worth $38,975,000 after buying an additional 427,317 shares during the last quarter. Oppenheimer Asset Management Inc. raised its stake in shares of FirstEnergy by 32.0% during the second quarter. NGAM Advisors L.P. now owns 37,139 shares of the utilities provider's stock valued at $1,083,000 after purchasing an additional 464 shares during the last quarter.

In the transaction dated March 14, 2016, the great number of shares acquired came courtesy the Sr VP & President FE Utilities; Strah Steven E added a total of 560 shares at an average price of $35.59, amounting to approximately $19,930. Finally, Deutsche Bank raised FirstEnergy from a "hold" rating to a "buy" rating in a research note on Tuesday, October 17th. KeyCorp reaffirmed a "hold" rating on shares of FirstEnergy in a research report on Friday, October 20th. Zacks Investment Research downgraded FirstEnergy from a "buy" rating to a "hold" rating in a research note on Tuesday, September 12th. ValuEngine lowered shares of FirstEnergy from a "buy" rating to a "hold" rating in a report on Tuesday, September 12th. Finally, Morgan Stanley increased their price objective on shares of FirstEnergy from $39.00 to $40.00 and gave the company an "overweight" rating in a research report on Friday, September 8th.

Institutional investors now hold around $12.41 billion or 84.2% in FE stock. Thirteen research analysts have rated the stock with a hold rating and six have given a buy rating to the stock. (NYSE:FE). Illinois-based Guggenheim Capital Ltd has invested 0.17% in FirstEnergy Corp. The stock traded with the average Volume of 4.08 Million at the end of last session. With analysts stress on Qtr in and quarter, stock continue to follow optimism stock maintained at -7.50% below 52 week high.

FirstEnergy Corp. stocks at 0.24 Beta shows lower interdependence with the wider index, however company appear to lack any clear trend indicator at now, however its important to note that present beta has no implications on a stock's future volatility. The stock has a market cap of $14,493.47, a PE ratio of 11.93 and a beta of 0.25.

FirstEnergy (NYSE:FE) last issued its earnings results on Thursday, October 26th. The utilities provider reported $0.97 earnings per share for the quarter, topping the Zacks' consensus estimate of $0.86 by $0.11.

Several analysts are forecasting growth estimate of FirstEnergy Corp. for the current quarter to be 73.7%. FirstEnergy had a negative net margin of 35.99% and a positive return on equity of 19.29%. During the same quarter in the prior year, the company posted $0.90 earnings per share. equities research analysts anticipate that FirstEnergy Corporation will post 3 earnings per share for the current year. The firm also recently declared a quarterly dividend, which will be paid on Thursday, June 1st. Stockholders of record on Tuesday, November 7th were issued a dividend of $0.36 per share. (NYSE:FE) were released by: Post-Gazette.com and their article: "Injured workers, widows sue FirstEnergy over fatal power plant incident" published on November 17, 2017 as well as Prnewswire.com's news article titled: "FirstEnergy's Ohio Utilities File Proposal to Modernize Electric System and ..." with publication date: December 01, 2017. This represents a $1.44 dividend on an annualized basis and a dividend yield of 4.45%. FirstEnergy Corp. (NYSE:FE) is 4.37% above its 200-day moving average, providing a measure of resistance for long positions. Commonwealth Of Pennsylvania Pub School Empls Retrmt reported 0.01% of its portfolio in FirstEnergy Corp. If you are accessing this piece on another domain, it was illegally stolen and republished in violation of United States and global copyright & trademark laws. The legal version of this piece can be accessed at https://www.truebluetribune.com/2017/12/06/nwq-investment-management-company-llc-acquires-shares-of-2284829-firstenergy-corporation-fe.html. Luminus Management Llc who had been investing in Firstenergy Corp for a number of months, seems to be bullish on the $14.36 billion market cap company. The Company is engaged in holding, directly or indirectly, all of the outstanding equity of its principal subsidiaries.

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