FirstEnergy Corp. (NYSE:FE) Shares Purchased by Moors & Cabot Inc.

Moors & Cabot Inc. raised its holdings in FirstEnergy Corp. (NYSE:FE) by 4.9% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 9,113 shares of the utilities provider’s stock after acquiring an additional 425 shares during the quarter. Moors & Cabot Inc.’s holdings in FirstEnergy were worth $363,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors also recently made changes to their positions in the company. Kestra Investment Management LLC bought a new stake in FirstEnergy during the fourth quarter worth approximately $26,000. True Wealth Design LLC boosted its stake in shares of FirstEnergy by 4,571.4% during the 3rd quarter. True Wealth Design LLC now owns 654 shares of the utilities provider’s stock worth $29,000 after acquiring an additional 640 shares in the last quarter. WASHINGTON TRUST Co grew its holdings in shares of FirstEnergy by 293.0% in the 4th quarter. WASHINGTON TRUST Co now owns 786 shares of the utilities provider’s stock worth $31,000 after acquiring an additional 586 shares during the last quarter. SBI Securities Co. Ltd. acquired a new stake in shares of FirstEnergy during the fourth quarter worth $33,000. Finally, Cedar Mountain Advisors LLC purchased a new stake in shares of FirstEnergy during the fourth quarter valued at $34,000. Institutional investors own 89.41% of the company’s stock.

Wall Street Analyst Weigh In

FE has been the subject of a number of analyst reports. Guggenheim reduced their price objective on shares of FirstEnergy from $52.00 to $45.00 and set a “buy” rating for the company in a research note on Friday, February 28th. Wolfe Research downgraded shares of FirstEnergy from an “outperform” rating to a “peer perform” rating in a research report on Thursday, January 23rd. Morgan Stanley lowered their price objective on shares of FirstEnergy from $52.00 to $50.00 and set an “overweight” rating on the stock in a research report on Friday, November 22nd. Wells Fargo & Company reduced their target price on FirstEnergy from $48.00 to $41.00 and set an “equal weight” rating for the company in a report on Friday, February 28th. Finally, Scotiabank lowered their price target on FirstEnergy from $50.00 to $44.00 and set a “sector outperform” rating on the stock in a report on Friday, February 28th. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating and six have given a buy rating to the company. According to MarketBeat, the company has an average rating of “Hold” and a consensus price target of $45.33.

FirstEnergy Price Performance

NYSE FE opened at $39.79 on Friday. The company has a 50 day moving average price of $39.91 and a two-hundred day moving average price of $41.47. FirstEnergy Corp. has a 12-month low of $36.81 and a 12-month high of $44.97. The stock has a market capitalization of $22.94 billion, a PE ratio of 25.67, a price-to-earnings-growth ratio of 2.07 and a beta of 0.48. The company has a quick ratio of 0.46, a current ratio of 0.56 and a debt-to-equity ratio of 1.58.

FirstEnergy (NYSE:FE) last posted its earnings results on Wednesday, February 26th. The utilities provider reported $0.67 EPS for the quarter, missing the consensus estimate of $0.70 by ($0.03). FirstEnergy had a return on equity of 11.38% and a net margin of 6.64%. The business had revenue of $3.20 billion for the quarter, compared to analyst estimates of $3.53 billion. As a group, equities analysts predict that FirstEnergy Corp. will post 2.66 earnings per share for the current fiscal year.

FirstEnergy Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Saturday, March 1st. Investors of record on Friday, February 7th were paid a $0.425 dividend. The ex-dividend date of this dividend was Friday, February 7th. This represents a $1.70 dividend on an annualized basis and a yield of 4.27%. FirstEnergy’s payout ratio is presently 100.00%.

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.