Susquehanna Fundamental Investments LLC Sells 41,304 Shares of FirstEnergy Corp. (NYSE:FE)

Susquehanna Fundamental Investments LLC trimmed its position in shares of FirstEnergy Corp. (NYSE:FE) by 12.6% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 285,758 shares of the utilities provider’s stock after selling 41,304 shares during the quarter. Susquehanna Fundamental Investments LLC’s holdings in FirstEnergy were worth $10,936,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors also recently bought and sold shares of FE. Corient Private Wealth LLC raised its holdings in FirstEnergy by 14.6% in the 4th quarter. Corient Private Wealth LLC now owns 46,898 shares of the utilities provider’s stock worth $1,719,000 after purchasing an additional 5,979 shares during the period. US Bancorp DE raised its holdings in FirstEnergy by 3.0% in the 4th quarter. US Bancorp DE now owns 64,573 shares of the utilities provider’s stock worth $2,367,000 after purchasing an additional 1,866 shares during the period. TD Asset Management Inc raised its holdings in FirstEnergy by 4.8% in the 4th quarter. TD Asset Management Inc now owns 194,754 shares of the utilities provider’s stock worth $7,140,000 after purchasing an additional 8,946 shares during the period. Stifel Financial Corp raised its holdings in FirstEnergy by 30.4% in the 4th quarter. Stifel Financial Corp now owns 204,030 shares of the utilities provider’s stock worth $7,480,000 after purchasing an additional 47,514 shares during the period. Finally, Treasurer of the State of North Carolina raised its holdings in FirstEnergy by 1.0% in the 4th quarter. Treasurer of the State of North Carolina now owns 241,658 shares of the utilities provider’s stock worth $8,859,000 after purchasing an additional 2,360 shares during the period. 89.41% of the stock is owned by institutional investors.

FirstEnergy Stock Up 1.0 %

Shares of NYSE:FE opened at $44.05 on Friday. The company has a current ratio of 0.51, a quick ratio of 0.43 and a debt-to-equity ratio of 1.52. FirstEnergy Corp. has a 12 month low of $32.18 and a 12 month high of $44.97. The company has a 50-day moving average price of $42.96 and a 200 day moving average price of $40.20. The company has a market cap of $25.35 billion, a price-to-earnings ratio of 25.32, a PEG ratio of 2.32 and a beta of 0.50.

FirstEnergy (NYSE:FE) last announced its quarterly earnings results on Tuesday, July 30th. The utilities provider reported $0.56 EPS for the quarter, meeting analysts’ consensus estimates of $0.56. FirstEnergy had a net margin of 6.61% and a return on equity of 12.12%. The firm had revenue of $3.28 billion during the quarter, compared to the consensus estimate of $3.47 billion. During the same quarter last year, the firm earned $0.47 EPS. As a group, equities research analysts predict that FirstEnergy Corp. will post 2.7 earnings per share for the current year.

FirstEnergy Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Sunday, December 1st. Investors of record on Thursday, November 7th will be issued a $0.425 dividend. This represents a $1.70 dividend on an annualized basis and a dividend yield of 3.86%. The ex-dividend date of this dividend is Thursday, November 7th. FirstEnergy’s payout ratio is 97.70%.

Wall Street Analyst Weigh In

FE has been the subject of a number of analyst reports. Morgan Stanley increased their price target on FirstEnergy from $48.00 to $51.00 and gave the stock an “overweight” rating in a research note on Wednesday. Bank of America increased their price target on FirstEnergy from $42.00 to $43.00 and gave the stock an “underperform” rating in a research note on Thursday, August 29th. KeyCorp increased their price target on FirstEnergy from $45.00 to $46.00 and gave the stock an “overweight” rating in a research note on Monday, September 16th. Mizuho increased their price target on FirstEnergy from $38.00 to $41.00 and gave the stock a “neutral” rating in a research note on Monday, June 3rd. Finally, JPMorgan Chase & Co. increased their price target on FirstEnergy from $43.00 to $45.00 and gave the stock a “neutral” rating in a research note on Wednesday, August 7th. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat.com, FirstEnergy presently has an average rating of “Hold” and an average price target of $44.45.

FirstEnergy Company Profile

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.