FirstEnergy Corporation (FE) Holdings Trimmed by Financial Counselors Inc

Commonwealth of Pennsylvania Public School Empls Retrmt SYS raised its stake in FirstEnergy Corporation (NYSE:FE) by 9.6% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). Mitsubishi UFJ Trust & Banking Corp owned about 0.22% of FirstEnergy worth $29,660,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. 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. BlackRock Inc. now owns 44,045,492 shares of the utilities provider's stock worth $1,284,363,000 after buying an additional 5,369,241 shares in the last quarter. Oppenheimer Asset Management Inc. raised its stake in shares of FirstEnergy by 32.0% during the second quarter. United Services Automobile Association now owns 139,956 shares of the utilities provider's stock valued at $4,630,000 after buying an additional 8,584 shares during the period. It fall, as 45 investors sold FirstEnergy Corp. shares while 146 reduced holdings. NGAM Advisors L.P. now owns 37,139 shares of the utilities provider's stock worth $1,083,000 after buying an additional 464 shares during the last quarter. Finally, Thompson Siegel & Walmsley LLC raised its stake in shares of FirstEnergy by 23.3% in the 2nd 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. (NYSE:FE). State Treasurer State Of Michigan accumulated 145,853 shares or 0.03% of the stock. The company trades on average around 401000 shares per market session.

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. BMO Capital Markets initiated the shares of FE in report on Thursday, January 14 with "Underperform" rating. Looking at the other side of the coin, FE traded as low as $27.93 in the past 52 weeks, and since then the shares have risen 16.65% or $4.65.

FirstEnergy (NYSE:FE) last posted its earnings results on Thursday, October 26th. The utilities provider reported $0.97 earnings per share (EPS) for the quarter, topping the Zacks' consensus estimate of $0.86 by $0.11. The company had revenue of $3.60 billion during the quarter, compared to analysts' expectations of $3.64 billion. FirstEnergy had a positive return on equity of 19.29% and a negative net margin of 35.99%. During the same quarter in the prior year, the company earned $0.90 EPS. research analysts anticipate that FirstEnergy Corporation will post 3 EPS for the current year.

The firm also recently disclosed a quarterly dividend, which was paid on Friday, December 1st. Investors of record on Tuesday, November 7th were issued a $0.36 dividend. This represents a $1.44 annualized dividend and a dividend yield of 4.45%. The ex-dividend date of this dividend is Wednesday, May 3rd. FirstEnergy Corp. (NYSE:FE) has declined 12.70% since December 4, 2016 and is downtrending.

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. Morgan Stanley set a $39.00 target price on shares of FirstEnergy and gave the stock a "buy" rating in a research note on Thursday, August 10th. The stock now has a consensus rating of "Hold" and an average price target of $34.39. Zacks Investment Research lowered shares of FirstEnergy from a "buy" rating to a "hold" rating in a research report on Tuesday, September 26th. Mizuho reaffirmed a "hold" rating and issued a $30.50 price objective on shares of FirstEnergy in a research report on Tuesday, October 24th.

Institutional investors now hold around $12.41 billion or 84.2% in FE stock. The stock presently has an average rating of "Hold" and a consensus target price of $34.39.

WARNING: This piece was first published by Dispatch Tribunal and is owned by of Dispatch Tribunal. If you are accessing this piece of content on another site, it was copied illegally and republished in violation of United States & worldwide copyright laws. The original version of this piece can be viewed at https://www.dispatchtribunal.com/2017/12/06/firstenergy-corporation-fe-holdings-trimmed-by-financial-counselors-inc.html. While for the Next 5 years, the company could expect a growth of -7.29% per annum, whereas in the past Five years FirstEnergy Corp. The Company is engaged in holding, directly or indirectly, all of the outstanding equity of its principal subsidiaries.

Notícias recomendadas

  • Man whose relatives died mysteriously denies allegations

    The lawsuit claims Nathan put on a life vest, got in the life boat with a bag of provisions and left his mom behind. He did, however, admit that Linda Carman was not in a life raft that was with Nathan Carman's vessel when it sank.
    Selena Gomez's Instagram Is Back After Accidentally Making It Private

    Selena Gomez's Instagram Is Back After Accidentally Making It Private

    The sudden profile change meant Selena's 130 million followers still had access to her snaps, but the rest of the world was out of luck.
    Five protesters arrested after refusing to leave Susan Collins' office

    Five protesters arrested after refusing to leave Susan Collins' office

    Five people were arrested after refusing to leave Senator Susan Collins' office in Bangor Monday night, according to Bangor Police.
  • The Turner Investments LLC Takes Position in Copart, Inc. (CPRT)

    Envestnet Asset Management Inc decreased Intel Corp (NASDAQ:INTC) stake by 63,675 shares to 554,547 valued at $18.71M in 2017Q2. Knightsbridge Asset Management Llc bought 124,416 shares as the company's stock declined 0.66% while stock markets rallied.

    Is Brookfield Infrastructure Partners LP (NYSE:BIP) Primed For a Move?

    The firm owned 4,421,590 shares of the utilities provider's stock after buying an additional 176,900 shares during the period. The firm owned 8,972 shares of the utilities provider's stock after buying an additional 6,350 shares during the quarter.
    Lions QB Stafford

    Lions QB Stafford "not out of the woods yet" with hand injury

    He is on pace to finish with his seventh straight season with more than 4,000 passing yards. The Lions will take on the Tampa Bay Buccaneers this Sunday.
  • DEADPOOL Giving Away Free Tattoos To Fans In BRAZIL

    DEADPOOL Giving Away Free Tattoos To Fans In BRAZIL

    If you answered "yes" to both of those questions, you may want to inquire about getting some sweet Deadpool-related ink. Deadpool has a tempting offer for fans of his attending Brazil Comic Con this weekend : his body on yours, forever.

    Watsco's (NYSE:WSO) "Buy" Rating Reiterated at KeyCorp

    After $0.15 actual EPS reported by Rambus Inc. for the previous quarter, Wall Street now forecasts 0.00% EPS growth. State Street Corp raised its position in shares of Watsco by 6.8% in the 2nd quarter. (NYSE:WSO) for 952 shares.
    Edgar Wright already working on 'Baby Driver' sequel

    Edgar Wright already working on 'Baby Driver' sequel

    After meeting the woman of his dreams (Lily James), he sees a chance to ditch his shady lifestyle and make a clean break. Edgar Wright has yet to sign on as director for his next project whether it be Baby Driver 2 or some other project.
  • Has $11 Million Stake in Unilever NV

    After $1.21 actual EPS reported by HCA Healthcare, Inc. for the previous quarter, Wall Street now forecasts 55.37% EPS growth. J P Morgan Chase & Co reaffirmed a "neutral" rating on shares of Unilever in a research report on Thursday, September 7th.
    Missile test raises flight safety concerns

    Missile test raises flight safety concerns

    North Korean leader Kim Jong Un watches the launch of a Hwasong-12 missile in this undated photo. Such notices are issued to warn pilots and airlines of potential risks during their flights.

    Stocks Views And Recommendations: Morgan Stanley (MS), PPG Industries, Inc. (PPG)

    In the most updated research from a number of analysts on Wall Street, the company gets 16 Buys and 1 Sell among 27 analysts. In other news, insider Keishi Hotsuki sold 25,000 shares of the business's stock in a transaction on Tuesday, November 28th.

We are pleased to provide this opportunity to share information, experiences and observations about what's in the news.
Some of the comments may be reprinted elsewhere in the site or in the newspaper.
Thank you for taking the time to offer your thoughts.