FirstEnergy Corporation $FE Shares Sold by Amundi

Amundi trimmed its position in FirstEnergy Corporation (NYSE:FE - Free Report) by 5.0% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 911,597 shares of the utilities provider's stock after selling 48,260 shares during the quarter. Amundi owned approximately 0.16% of FirstEnergy worth $43,337,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also made changes to their positions in the company. Northwestern Mutual Wealth Management Co. boosted its position in FirstEnergy by 11,305.6% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 1,974,989 shares of the utilities provider's stock valued at $81,699,000 after purchasing an additional 1,957,673 shares during the period. Intech Investment Management LLC increased its position in FirstEnergy by 42.8% in the fourth quarter. Intech Investment Management LLC now owns 85,247 shares of the utilities provider's stock worth $3,817,000 after buying an additional 25,571 shares during the period. Assenagon Asset Management S.A. lifted its stake in FirstEnergy by 6,066.6% in the second quarter. Assenagon Asset Management S.A. now owns 495,299 shares of the utilities provider's stock valued at $23,547,000 after buying an additional 487,267 shares during the last quarter. BW Gestao de Investimentos Ltda. bought a new stake in FirstEnergy in the fourth quarter valued at $15,172,000. Finally, Bryn Mawr Trust Advisors LLC acquired a new position in shares of FirstEnergy during the second quarter valued at $9,878,000. 89.41% of the stock is owned by institutional investors and hedge funds.

FirstEnergy Stock Performance

FE stock opened at $46.29 on Friday. The company has a market capitalization of $26.79 billion, a P/E ratio of 24.62, a PEG ratio of 2.67 and a beta of 0.45. The company has a 50-day simple moving average of $47.64 and a 200 day simple moving average of $48.13. FirstEnergy Corporation has a fifty-two week low of $42.97 and a fifty-two week high of $52.34. The company has a quick ratio of 0.45, a current ratio of 0.54 and a debt-to-equity ratio of 1.88.

FirstEnergy (NYSE:FE - Get Free Report) last released its earnings results on Tuesday, July 28th. The utilities provider reported $0.50 EPS for the quarter, meeting the consensus estimate of $0.50. FirstEnergy had a net margin of 6.86% and a return on equity of 10.51%. The firm had revenue of $3.68 billion for the quarter, compared to analysts' expectations of $3.51 billion. During the same quarter last year, the company earned $0.52 EPS. Sell-side analysts predict that FirstEnergy Corporation will post 2.74 earnings per share for the current fiscal year.

FirstEnergy Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, September 1st. Investors of record on Friday, August 7th were issued a dividend of $0.465 per share. The ex-dividend date of this dividend was Friday, August 7th. This represents a $1.86 annualized dividend and a yield of 4.0%. FirstEnergy's payout ratio is presently 98.94%.

Analyst Ratings Changes

A number of analysts recently weighed in on the stock. TD Cowen raised shares of FirstEnergy from a "hold" rating to a "buy" rating and dropped their price objective for the stock from $56.00 to $53.00 in a report on Friday, May 15th. Weiss Ratings cut shares of FirstEnergy from a "buy (b)" rating to a "buy (b-)" rating in a research report on Wednesday, June 17th. Wall Street Zen lowered shares of FirstEnergy from a "hold" rating to a "sell" rating in a research note on Saturday, September 5th. Barclays cut their price target on FirstEnergy from $55.00 to $54.00 and set an "overweight" rating on the stock in a report on Friday, July 31st. Finally, UBS Group increased their price objective on FirstEnergy from $50.00 to $51.00 and gave the stock a "neutral" rating in a report on Thursday, June 11th. Seven equities research analysts have rated the stock with a Buy rating and six have given a Hold rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average price target of $52.83.

FirstEnergy Company Profile

FirstEnergy Corp. NYSE: FE is an electric utility holding company focused on the transmission and distribution of electricity. Through its regulated operating companies, the company delivers power to residential, commercial and industrial customers and maintains the local infrastructure needed to support reliable electric service.

FirstEnergy's utility operations include Ohio Edison, The Illuminating Company, Toledo Edison, Met-Ed, Penelec, Penn Power, West Penn Power, Jersey Central Power & Light and Mon Power, among others.

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