1,625 Shares in FirstEnergy Corp. (NYSE:FE) Bought by Frazier Financial Advisors LLC

Frazier Financial Advisors LLC acquired a new position in FirstEnergy Corp. (NYSE:FE) during the 4th quarter, according to its most recent filing with the SEC. The fund acquired 1,625 shares of the utilities provider’s stock, valued at approximately $60,000.

Other large investors have also modified their holdings of the company. MGO One Seven LLC increased its stake in FirstEnergy by 4.7% in the third quarter. MGO One Seven LLC now owns 6,425 shares of the utilities provider’s stock valued at $220,000 after purchasing an additional 287 shares during the last quarter. Allworth Financial LP increased its holdings in shares of FirstEnergy by 9.3% during the 4th quarter. Allworth Financial LP now owns 3,728 shares of the utilities provider’s stock worth $137,000 after buying an additional 318 shares during the last quarter. B. Riley Wealth Advisors Inc. raised its position in shares of FirstEnergy by 1.2% in the 3rd quarter. B. Riley Wealth Advisors Inc. now owns 28,575 shares of the utilities provider’s stock worth $977,000 after buying an additional 339 shares during the period. Daymark Wealth Partners LLC boosted its holdings in FirstEnergy by 0.5% in the fourth quarter. Daymark Wealth Partners LLC now owns 72,037 shares of the utilities provider’s stock valued at $2,641,000 after acquiring an additional 341 shares during the last quarter. Finally, Twelve Points Wealth Management LLC grew its position in FirstEnergy by 5.0% during the fourth quarter. Twelve Points Wealth Management LLC now owns 7,595 shares of the utilities provider’s stock valued at $278,000 after acquiring an additional 361 shares during the period. 89.41% of the stock is currently owned by institutional investors and hedge funds.

FirstEnergy Stock Down 1.3 %

Shares of NYSE:FE traded down $0.52 during trading on Thursday, hitting $39.38. The company’s stock had a trading volume of 915,025 shares, compared to its average volume of 3,179,224. FirstEnergy Corp. has a fifty-two week low of $32.18 and a fifty-two week high of $40.65. The stock’s 50-day moving average price is $38.62 and its two-hundred day moving average price is $37.61. The company has a debt-to-equity ratio of 1.59, a quick ratio of 0.56 and a current ratio of 0.65. The company has a market capitalization of $22.66 billion, a PE ratio of 22.94, a PEG ratio of 2.57 and a beta of 0.48.

FirstEnergy (NYSE:FE) last released its quarterly earnings results on Thursday, April 25th. The utilities provider reported $0.55 earnings per share for the quarter, topping analysts’ consensus estimates of $0.53 by $0.02. The business had revenue of $3.29 billion during the quarter, compared to the consensus estimate of $3.36 billion. FirstEnergy had a net margin of 8.22% and a return on equity of 12.45%. As a group, sell-side analysts expect that FirstEnergy Corp. will post 2.68 EPS for the current year.

FirstEnergy Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Saturday, June 1st. Stockholders of record on Tuesday, May 7th will be paid a $0.425 dividend. This represents a $1.70 dividend on an annualized basis and a dividend yield of 4.32%. The ex-dividend date is Monday, May 6th. This is a positive change from FirstEnergy’s previous quarterly dividend of $0.41. FirstEnergy’s dividend payout ratio is 97.70%.

Analysts Set New Price Targets

A number of analysts have recently issued reports on the company. Scotiabank decreased their target price on FirstEnergy from $41.00 to $40.00 and set a “sector perform” rating for the company in a report on Monday, April 22nd. StockNews.com raised shares of FirstEnergy from a “sell” rating to a “hold” rating in a research note on Monday, April 29th. The Goldman Sachs Group started coverage on shares of FirstEnergy in a research report on Wednesday, April 10th. They set a “buy” rating and a $45.00 price target for the company. Finally, Bank of America boosted their price objective on FirstEnergy from $30.00 to $35.00 and gave the stock an “underperform” rating in a research note on Tuesday, April 23rd. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and four have issued a buy rating to the stock. According to MarketBeat, FirstEnergy currently has a consensus rating of “Hold” and a consensus target price of $39.80.

About FirstEnergy

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.