First Hawaiian Bank Has $524,000 Stock Position in FirstEnergy Corp. (NYSE:FE)

First Hawaiian Bank reduced its stake in FirstEnergy Corp. (NYSE:FE - Free Report) by 37.6% in the 1st quarter, according to the company in its most recent filing with the SEC. The fund owned 12,966 shares of the utilities provider's stock after selling 7,818 shares during the quarter. First Hawaiian Bank's holdings in FirstEnergy were worth $524,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in FE. Universal Beteiligungs und Servicegesellschaft mbH acquired a new stake in shares of FirstEnergy in the fourth quarter valued at about $4,253,000. Bernard Wealth Management Corp. bought a new stake in FirstEnergy during the 4th quarter valued at approximately $33,000. Ascent Group LLC grew its holdings in FirstEnergy by 2.5% in the 4th quarter. Ascent Group LLC now owns 39,823 shares of the utilities provider's stock valued at $1,584,000 after buying an additional 958 shares during the last quarter. Mackenzie Financial Corp increased its position in FirstEnergy by 4.3% in the 4th quarter. Mackenzie Financial Corp now owns 215,956 shares of the utilities provider's stock worth $8,591,000 after buying an additional 8,871 shares during the period. Finally, Vise Technologies Inc. acquired a new position in shares of FirstEnergy during the fourth quarter worth approximately $206,000. Institutional investors own 89.41% of the company's stock.

Insider Buying and Selling at FirstEnergy

In other FirstEnergy news, CAO Jason Lisowski sold 12,000 shares of the firm's stock in a transaction dated Thursday, May 22nd. The shares were sold at an average price of $41.97, for a total value of $503,640.00. Following the completion of the sale, the chief accounting officer now owns 183 shares in the company, valued at approximately $7,680.51. This trade represents a 98.50% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Corporate insiders own 0.17% of the company's stock.

FirstEnergy Price Performance

Shares of FE traded down $0.36 during trading hours on Wednesday, hitting $40.88. The stock had a trading volume of 2,796,529 shares, compared to its average volume of 3,721,001. The stock has a market capitalization of $23.59 billion, a price-to-earnings ratio of 26.37, a P/E/G ratio of 2.07 and a beta of 0.42. The company has a debt-to-equity ratio of 1.58, a current ratio of 0.56 and a quick ratio of 0.46. The company's fifty day moving average is $41.56 and its two-hundred day moving average is $40.64. FirstEnergy Corp. has a 52 week low of $37.58 and a 52 week high of $44.97.

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

FirstEnergy Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Sunday, June 1st. Shareholders of record on Wednesday, May 7th were given a $0.445 dividend. This is an increase from FirstEnergy's previous quarterly dividend of $0.43. The ex-dividend date was Wednesday, May 7th. This represents a $1.78 annualized dividend and a yield of 4.35%. FirstEnergy's payout ratio is presently 94.68%.

Analysts Set New Price Targets

Several equities research analysts have recently issued reports on FE shares. Wells Fargo & Company raised their price objective on shares of FirstEnergy from $41.00 to $44.00 and gave the stock an "equal weight" rating in a research note on Friday, April 25th. Evercore ISI boosted their price objective on shares of FirstEnergy from $41.00 to $47.00 and gave the stock an "outperform" rating in a report on Monday, April 28th. Guggenheim upped their price objective on shares of FirstEnergy from $45.00 to $47.00 and gave the company a "buy" rating in a research report on Monday, April 7th. UBS Group lifted their target price on FirstEnergy from $41.00 to $43.00 and gave the stock a "neutral" rating in a research report on Friday, March 21st. Finally, Morgan Stanley restated an "overweight" rating and set a $48.00 price target (up from $47.00) on shares of FirstEnergy in a research note on Thursday, May 22nd. Eight equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of "Hold" and a consensus price target of $46.00.

FirstEnergy 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.