FirstEnergy Corporation (NYSE:FE) Shares Acquired by TD Private Client Wealth LLC

TD Private Client Wealth LLC lifted its holdings in shares of FirstEnergy Corporation (NYSE:FE - Free Report) by 174.7% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 46,826 shares of the utilities provider's stock after purchasing an additional 29,778 shares during the quarter. TD Private Client Wealth LLC's holdings in FirstEnergy were worth $1,893,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also modified their holdings of the company. Schroder Investment Management Group grew its holdings in shares of FirstEnergy by 56.0% during the 4th quarter. Schroder Investment Management Group now owns 48,759 shares of the utilities provider's stock worth $1,933,000 after purchasing an additional 17,506 shares during the period. Envestnet Portfolio Solutions Inc. grew its holdings in shares of FirstEnergy by 17.6% during the 4th quarter. Envestnet Portfolio Solutions Inc. now owns 5,315 shares of the utilities provider's stock worth $211,000 after purchasing an additional 797 shares during the period. Proficio Capital Partners LLC purchased a new position in shares of FirstEnergy during the 4th quarter worth $3,584,000. Johnson Investment Counsel Inc. grew its holdings in shares of FirstEnergy by 3.8% during the 1st quarter. Johnson Investment Counsel Inc. now owns 9,983 shares of the utilities provider's stock worth $403,000 after purchasing an additional 366 shares during the period. Finally, Cambridge Investment Research Advisors Inc. grew its holdings in shares of FirstEnergy by 14.2% during the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 71,333 shares of the utilities provider's stock worth $2,883,000 after purchasing an additional 8,879 shares during the period. 89.41% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at FirstEnergy

In other news, CAO Jason Lisowski sold 12,000 shares of the company's stock in a transaction that occurred on Thursday, May 22nd. The stock was sold at an average price of $41.97, for a total transaction of $503,640.00. Following the completion of the sale, the chief accounting officer owned 183 shares in the company, valued at $7,680.51. This represents a 98.50% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CFO Jon Taylor K. sold 12,000 shares of the company's stock in a transaction on Wednesday, May 7th. The stock was sold at an average price of $43.03, for a total value of $516,360.00. Following the transaction, the chief financial officer directly owned 99,919 shares in the company, valued at $4,299,514.57. This represents a 10.72% decrease in their position. The disclosure for this sale can be found here. 0.17% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

FE has been the subject of a number of research analyst reports. Scotiabank reiterated an "outperform" rating on shares of FirstEnergy in a report on Friday, April 25th. Morgan Stanley dropped their target price on FirstEnergy from $48.00 to $47.00 and set an "overweight" rating for the company in a research report on Wednesday, June 18th. Wells Fargo & Company lifted their target price on FirstEnergy from $41.00 to $44.00 and gave the company an "equal weight" rating in a research report on Friday, April 25th. UBS Group set a $44.00 target price on FirstEnergy and gave the company a "neutral" rating in a research report on Tuesday, June 24th. Finally, Evercore ISI lifted their target price on FirstEnergy from $41.00 to $47.00 and gave the company an "outperform" rating in a research report on Monday, April 28th. Eight research analysts have rated the stock with a hold rating and six have issued a buy rating to the company. According to MarketBeat.com, FirstEnergy presently has a consensus rating of "Hold" and a consensus target price of $46.00.

FirstEnergy Price Performance

FE stock opened at $39.87 on Wednesday. The business has a 50 day moving average price of $41.17 and a 200 day moving average price of $40.46. The stock has a market cap of $23.01 billion, a price-to-earnings ratio of 21.21, a PEG ratio of 2.45 and a beta of 0.39. FirstEnergy Corporation has a fifty-two week low of $37.58 and a fifty-two week high of $44.97. The company has a quick ratio of 0.34, a current ratio of 0.42 and a debt-to-equity ratio of 1.53.

FirstEnergy (NYSE:FE - Get Free Report) last posted 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 firm had revenue of $3.80 billion during the quarter, compared to analysts' expectations of $3.68 billion. FirstEnergy had a return on equity of 11.49% and a net margin of 7.78%. The firm's revenue was up 14.5% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.55 earnings per share. Equities research analysts anticipate that FirstEnergy Corporation will post 2.66 earnings per share for the current fiscal year.

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.

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