LifeWealth Investments LLC Takes Position in FirstEnergy Corporation (NYSE:FE)

LifeWealth Investments LLC bought a new stake in FirstEnergy Corporation (NYSE:FE - Free Report) during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 8,141 shares of the utilities provider's stock, valued at approximately $329,000.

A number of other large investors also recently modified their holdings of the stock. Wells Trecaso Financial Group LLC lifted its holdings in shares of FirstEnergy by 7.4% in the first quarter. Wells Trecaso Financial Group LLC now owns 11,596 shares of the utilities provider's stock valued at $469,000 after purchasing an additional 796 shares in the last quarter. San Luis Wealth Advisors LLC bought a new position in shares of FirstEnergy in the first quarter valued at approximately $443,000. Sowell Financial Services LLC lifted its holdings in shares of FirstEnergy by 2.6% in the first quarter. Sowell Financial Services LLC now owns 58,735 shares of the utilities provider's stock valued at $2,374,000 after purchasing an additional 1,468 shares in the last quarter. Janney Montgomery Scott LLC increased its position in shares of FirstEnergy by 15.2% during the first quarter. Janney Montgomery Scott LLC now owns 105,986 shares of the utilities provider's stock valued at $4,284,000 after acquiring an additional 13,976 shares during the last quarter. Finally, Exchange Traded Concepts LLC increased its position in shares of FirstEnergy by 15.5% during the first quarter. Exchange Traded Concepts LLC now owns 28,342 shares of the utilities provider's stock valued at $1,146,000 after acquiring an additional 3,800 shares during the last quarter. Institutional investors own 89.41% of the company's stock.

Insiders Place Their Bets

In other FirstEnergy news, CAO Jason Lisowski sold 12,000 shares of FirstEnergy stock in a transaction dated 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 now owns 183 shares of the company's stock, valued at $7,680.51. The trade was a 98.50% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Corporate insiders own 0.17% of the company's stock.

FirstEnergy Stock Performance

NYSE:FE traded up $0.16 during trading hours on Friday, reaching $39.90. The stock had a trading volume of 5,596,290 shares, compared to its average volume of 3,909,541. The stock has a market cap of $23.03 billion, a P/E ratio of 21.22, a price-to-earnings-growth ratio of 2.46 and a beta of 0.40. FirstEnergy Corporation has a 12-month low of $37.58 and a 12-month high of $44.97. The company has a debt-to-equity ratio of 1.53, a quick ratio of 0.34 and a current ratio of 0.42. The stock has a 50 day simple moving average of $41.64 and a 200 day simple moving average of $40.47.

FirstEnergy (NYSE:FE - Get Free Report) last posted its quarterly earnings data on Wednesday, April 23rd. The utilities provider reported $0.67 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.60 by $0.07. FirstEnergy had a return on equity of 11.49% and a net margin of 7.78%. The company had revenue of $3.80 billion during the quarter, compared to analyst estimates of $3.68 billion. During the same quarter last year, the company earned $0.55 earnings per share. The firm's quarterly revenue was up 14.5% on a year-over-year basis. On average, research analysts forecast that FirstEnergy Corporation will post 2.66 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of analysts recently commented on the company. Wells Fargo & Company increased their price target on FirstEnergy from $41.00 to $44.00 and gave the company an "equal weight" rating in a research report on Friday, April 25th. Bank of America raised FirstEnergy from an "underperform" rating to a "neutral" rating and increased their price target for the company from $42.00 to $45.00 in a research report on Wednesday, April 23rd. Evercore ISI increased their price target on FirstEnergy from $41.00 to $47.00 and gave the company an "outperform" rating in a research report on Monday, April 28th. UBS Group increased their price target on FirstEnergy from $41.00 to $43.00 and gave the company a "neutral" rating in a research report on Friday, March 21st. Finally, Scotiabank reaffirmed an "outperform" rating on shares of FirstEnergy in a research report on Friday, April 25th. Eight analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of "Hold" and an average target price of $45.92.

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.