Centiva Capital LP Has $1.20 Million Position in FirstEnergy Corp. (NYSE:FE)

Centiva Capital LP reduced its position in FirstEnergy Corp. (NYSE:FE - Free Report) by 49.2% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 30,266 shares of the utilities provider's stock after selling 29,343 shares during the period. Centiva Capital LP's holdings in FirstEnergy were worth $1,204,000 at the end of the most recent quarter.

Other large investors have also bought and sold shares of the company. Boston Partners boosted its holdings in FirstEnergy by 73.5% in the fourth quarter. Boston Partners now owns 16,503,080 shares of the utilities provider's stock worth $656,309,000 after acquiring an additional 6,991,866 shares in the last quarter. Amundi lifted its holdings in FirstEnergy by 103.8% in the fourth quarter. Amundi now owns 1,843,964 shares of the utilities provider's stock valued at $73,334,000 after acquiring an additional 939,240 shares during the period. Renaissance Technologies LLC increased its position in FirstEnergy by 118.2% in the fourth quarter. Renaissance Technologies LLC now owns 1,640,808 shares of the utilities provider's stock worth $65,271,000 after buying an additional 888,800 shares in the last quarter. Raymond James Financial Inc. purchased a new stake in shares of FirstEnergy during the fourth quarter worth about $30,069,000. Finally, Vanguard Group Inc. grew its holdings in FirstEnergy by 0.8% during the 4th quarter. Vanguard Group Inc. now owns 65,843,901 shares of the utilities provider's stock valued at $2,619,270,000 after buying an additional 508,570 shares in the last quarter. 89.41% of the stock is currently owned by institutional investors.

FirstEnergy Stock Down 1.9%

NYSE:FE traded down $0.83 during trading hours on Monday, hitting $41.68. 5,169,829 shares of the company's stock traded hands, compared to its average volume of 3,607,302. The firm has a market cap of $24.06 billion, a P/E ratio of 26.89, a P/E/G ratio of 2.07 and a beta of 0.42. FirstEnergy Corp. has a twelve month low of $37.58 and a twelve month high of $44.97. The company has a debt-to-equity ratio of 1.58, a quick ratio of 0.46 and a current ratio of 0.56. The stock's fifty day moving average price is $40.57 and its two-hundred day moving average price is $40.62.

FirstEnergy (NYSE:FE - Get Free Report) last issued its earnings results on Wednesday, April 23rd. The utilities provider reported $0.67 earnings per share for the quarter, topping the consensus estimate of $0.60 by $0.07. The company had revenue of $3.80 billion for the quarter, compared to analyst estimates of $3.68 billion. FirstEnergy had a return on equity of 11.38% and a net margin of 6.64%. The business's revenue was up 14.5% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.55 EPS. On average, research analysts expect that FirstEnergy Corp. will post 2.66 earnings per share for the current fiscal year.

FirstEnergy Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Sunday, June 1st. Investors of record on Wednesday, May 7th will be given a dividend of $0.445 per share. This represents a $1.78 annualized dividend and a dividend yield of 4.27%. The ex-dividend date is Wednesday, May 7th. This is an increase from FirstEnergy's previous quarterly dividend of $0.43. FirstEnergy's dividend payout ratio (DPR) is 94.68%.

Analysts Set New Price Targets

A number of brokerages recently issued reports on FE. Wells Fargo & Company raised their price target on FirstEnergy from $41.00 to $44.00 and gave the stock an "equal weight" rating in a research note on Friday, April 25th. Wolfe Research cut shares of FirstEnergy from an "outperform" rating to a "peer perform" rating in a report on Thursday, January 23rd. Bank of America upgraded shares of FirstEnergy from an "underperform" rating to a "neutral" rating and raised their price target for the company from $42.00 to $45.00 in a report on Wednesday, April 23rd. Mizuho set a $43.00 target price on FirstEnergy in a research note on Monday, April 28th. Finally, Morgan Stanley restated an "overweight" rating on shares of FirstEnergy in a research note on Wednesday, April 23rd. Nine equities research analysts have rated the stock with a hold rating and six have given a buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and a consensus target price of $46.00.

Insider Buying and Selling

In related news, CFO Jon Taylor K. sold 12,000 shares of FirstEnergy stock in a transaction on Wednesday, May 7th. The stock was sold at an average price of $43.03, for a total transaction of $516,360.00. Following the completion of the sale, the chief financial officer now directly owns 99,919 shares of the company's stock, valued at $4,299,514.57. The trade was a 10.72% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 0.17% of the stock is owned by corporate insiders.

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.