FirstEnergy Corp. (NYSE:FE) Shares Sold by Mutual of America Capital Management LLC

Mutual of America Capital Management LLC decreased its holdings in FirstEnergy Corp. (NYSE:FE) by 2.1% in the first quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 67,710 shares of the utilities provider’s stock after selling 1,466 shares during the quarter. Mutual of America Capital Management LLC’s holdings in FirstEnergy were worth $2,615,000 at the end of the most recent reporting period.

A number of other large investors also recently bought and sold shares of FE. Sachetta LLC acquired a new position in FirstEnergy in the 4th quarter worth about $25,000. FinTrust Capital Advisors LLC increased its stake in FirstEnergy by 1,150.9% during the 1st quarter. FinTrust Capital Advisors LLC now owns 663 shares of the utilities provider’s stock worth $26,000 after buying an additional 610 shares in the last quarter. Sugarloaf Wealth Management LLC purchased a new stake in FirstEnergy during the 4th quarter worth approximately $29,000. Scarborough Advisors LLC purchased a new stake in FirstEnergy during the 4th quarter worth approximately $31,000. Finally, Blue Trust Inc. increased its stake in FirstEnergy by 327.3% during the 4th quarter. Blue Trust Inc. now owns 1,034 shares of the utilities provider’s stock worth $35,000 after buying an additional 792 shares in the last quarter. Institutional investors and hedge funds own 89.41% of the company’s stock.

FirstEnergy Trading Up 0.1 %

Shares of FirstEnergy stock opened at $39.52 on Friday. The firm has a market capitalization of $22.74 billion, a price-to-earnings ratio of 22.71, a PEG ratio of 2.50 and a beta of 0.49. FirstEnergy Corp. has a fifty-two week low of $32.18 and a fifty-two week high of $40.65. 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 stock has a 50 day moving average of $39.07 and a 200 day moving average of $38.10.

FirstEnergy (NYSE:FE) last issued its quarterly earnings data on Thursday, April 25th. The utilities provider reported $0.55 earnings per share for the quarter, topping the consensus estimate of $0.53 by $0.02. The company had revenue of $3.29 billion during the quarter, compared to analyst estimates of $3.36 billion. FirstEnergy had a return on equity of 12.45% and a net margin of 8.22%. As a group, research analysts predict that FirstEnergy Corp. will post 2.69 earnings per share for the current year.

Analysts Set New Price Targets

FE has been the subject of several research reports. StockNews.com upgraded FirstEnergy from a “sell” rating to a “hold” rating in a research note on Monday, April 29th. Scotiabank cut their price objective on FirstEnergy from $41.00 to $40.00 and set a “sector perform” rating for the company in a research note on Monday, April 22nd. Mizuho boosted their price objective on FirstEnergy from $38.00 to $41.00 and gave the stock a “neutral” rating in a research note on Monday, June 3rd. Morgan Stanley dropped their price target on FirstEnergy from $46.00 to $44.00 and set an “overweight” rating for the company in a research report on Monday, June 24th. Finally, Barclays upped their price target on FirstEnergy from $39.00 to $40.00 and gave the company an “equal weight” rating in a research report on Tuesday. One analyst has rated the stock with a sell rating, six have assigned a hold rating and four have assigned a buy rating to the stock. According to MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $40.55.

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.