Capital World Investors Has $3.11 Billion Holdings in FirstEnergy Corp. (NYSE:FE)

Capital World Investors increased its stake in shares of FirstEnergy Corp. (NYSE:FE - Free Report) by 0.0% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 78,092,086 shares of the utilities provider's stock after buying an additional 27,291 shares during the period. Capital World Investors owned 13.55% of FirstEnergy worth $3,106,503,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also bought and sold shares of FE. Vanguard Group Inc. grew its stake in shares of FirstEnergy by 0.8% in the fourth quarter. Vanguard Group Inc. now owns 65,843,901 shares of the utilities provider's stock valued at $2,619,270,000 after acquiring an additional 508,570 shares in the last quarter. Boston Partners grew its position in shares of FirstEnergy by 73.5% during the 4th quarter. Boston Partners now owns 16,503,080 shares of the utilities provider's stock worth $656,309,000 after purchasing an additional 6,991,866 shares in the last quarter. Geode Capital Management LLC increased its holdings in shares of FirstEnergy by 2.7% during the fourth quarter. Geode Capital Management LLC now owns 12,527,440 shares of the utilities provider's stock worth $497,009,000 after purchasing an additional 329,049 shares during the period. Allspring Global Investments Holdings LLC boosted its stake in shares of FirstEnergy by 2.4% in the fourth quarter. Allspring Global Investments Holdings LLC now owns 9,318,905 shares of the utilities provider's stock valued at $371,911,000 after buying an additional 220,433 shares during the period. Finally, Franklin Resources Inc. grew its position in FirstEnergy by 1.0% during the third quarter. Franklin Resources Inc. now owns 3,546,001 shares of the utilities provider's stock worth $153,081,000 after buying an additional 34,151 shares in the last quarter. Institutional investors and hedge funds own 89.41% of the company's stock.

FirstEnergy Trading Down 0.5 %

Shares of FirstEnergy stock traded down $0.20 during trading on Thursday, hitting $42.37. The company's stock had a trading volume of 4,625,405 shares, compared to its average volume of 5,422,558. The stock has a market cap of $24.43 billion, a price-to-earnings ratio of 27.35, a price-to-earnings-growth ratio of 2.07 and a beta of 0.41. FirstEnergy Corp. has a 52 week low of $37.58 and a 52 week high of $44.97. The stock has a 50-day moving average price of $40.12 and a two-hundred day moving average price of $40.70. The company has a debt-to-equity ratio of 1.58, a current ratio of 0.56 and a quick ratio of 0.46.

FirstEnergy (NYSE:FE - Get Free Report) last issued its quarterly earnings results on Wednesday, April 23rd. The utilities provider reported $0.67 earnings per share for the quarter, beating the consensus estimate of $0.60 by $0.07. The company had revenue of $3.80 billion during the quarter, compared to analysts' expectations of $3.68 billion. FirstEnergy had a return on equity of 11.38% and a net margin of 6.64%. Equities research analysts anticipate that FirstEnergy Corp. will post 2.66 EPS for the current fiscal year.

FirstEnergy Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Sunday, June 1st. Investors of record on Wednesday, May 7th will be issued a $0.445 dividend. This is a positive change from FirstEnergy's previous quarterly dividend of $0.43. The ex-dividend date of this dividend is Wednesday, May 7th. This represents a $1.78 annualized dividend and a yield of 4.20%. FirstEnergy's payout ratio is presently 104.71%.

Wall Street Analyst Weigh In

FE has been the topic of several analyst reports. Wells Fargo & Company reduced their target price on FirstEnergy from $48.00 to $41.00 and set an "equal weight" rating on the stock in a report 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. UBS Group raised their target price on FirstEnergy from $41.00 to $43.00 and gave the company a "neutral" rating in a report on Friday, March 21st. Bank of America raised FirstEnergy from an "underperform" rating to a "neutral" rating and boosted their price target for the stock from $42.00 to $45.00 in a report on Wednesday. Finally, Guggenheim lifted their target price on FirstEnergy from $45.00 to $47.00 and gave the company a "buy" rating in a research report on Monday, April 7th. Ten research analysts have rated the stock with a hold rating and five have given a buy rating to the company's stock. According to data from MarketBeat, the stock presently has a consensus rating of "Hold" and a consensus target price of $45.33.

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.