Nisa Investment Advisors LLC Has $1.31 Million Stock Position in FirstEnergy Corporation (NYSE:FE)

Nisa Investment Advisors LLC increased its holdings in shares of FirstEnergy Corporation (NYSE:FE - Free Report) by 28.1% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 32,491 shares of the utilities provider's stock after acquiring an additional 7,135 shares during the quarter. Nisa Investment Advisors LLC's holdings in FirstEnergy were worth $1,313,000 as of its most recent SEC filing.

A number of other large investors have also added to or reduced their stakes in FE. Schroder Investment Management Group raised its holdings in FirstEnergy by 56.0% in the 4th quarter. Schroder Investment Management Group now owns 48,759 shares of the utilities provider's stock valued at $1,933,000 after acquiring an additional 17,506 shares in the last quarter. Envestnet Portfolio Solutions Inc. lifted its position in FirstEnergy by 17.6% during the fourth 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. Cambridge Investment Research Advisors Inc. grew its stake in FirstEnergy by 14.2% during the first quarter. Cambridge Investment Research Advisors Inc. now owns 71,333 shares of the utilities provider's stock worth $2,883,000 after buying an additional 8,879 shares in the last quarter. Proficio Capital Partners LLC bought a new position in FirstEnergy in the 4th quarter valued at about $3,584,000. Finally, Johnson Investment Counsel Inc. increased its holdings in FirstEnergy by 3.8% in the 1st quarter. Johnson Investment Counsel Inc. now owns 9,983 shares of the utilities provider's stock valued at $403,000 after buying an additional 366 shares during the period. Institutional investors own 89.41% of the company's stock.

Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on FE. Bank of America raised shares of FirstEnergy from an "underperform" rating to a "neutral" rating and lifted their price objective for the company from $42.00 to $45.00 in a research note on Wednesday, April 23rd. UBS Group set a $44.00 price target on FirstEnergy and gave the company a "neutral" rating in a research note on Tuesday, June 24th. Evercore ISI upped their price objective on FirstEnergy from $41.00 to $47.00 and gave the stock an "outperform" rating in a research report on Monday, April 28th. Mizuho set a $43.00 target price on FirstEnergy in a research report on Monday, April 28th. Finally, Scotiabank reissued an "outperform" rating on shares of FirstEnergy in a research note on Friday, April 25th. Eight analysts have rated the stock with a hold rating and six have given a buy rating to the company. Based on data from MarketBeat.com, FirstEnergy currently has an average rating of "Hold" and an average target price of $45.92.

FirstEnergy Trading Up 0.7%

NYSE FE traded up $0.28 on Thursday, reaching $40.58. The company had a trading volume of 3,283,519 shares, compared to its average volume of 4,023,245. The firm has a market cap of $23.42 billion, a price-to-earnings ratio of 21.58, a P/E/G ratio of 2.49 and a beta of 0.39. The company has a debt-to-equity ratio of 1.53, a current ratio of 0.42 and a quick ratio of 0.34. FirstEnergy Corporation has a fifty-two week low of $37.58 and a fifty-two week high of $44.97. The business has a 50 day moving average of $40.85 and a two-hundred day moving average of $40.48.

FirstEnergy (NYSE:FE - Get Free Report) last posted its quarterly earnings data on Wednesday, April 23rd. The utilities provider reported $0.67 EPS for the quarter, topping analysts' consensus estimates 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 11.49% and a net margin of 7.78%. The firm's quarterly revenue was up 14.5% on a year-over-year basis. During the same period in the previous year, the firm earned $0.55 earnings per share. Analysts forecast that FirstEnergy Corporation will post 2.66 EPS for the current year.

Insiders Place Their Bets

In other news, CAO Jason Lisowski sold 12,000 shares of the business's stock in a transaction dated Thursday, May 22nd. The stock was sold at an average price of $41.97, for a total value of $503,640.00. Following the transaction, the chief accounting officer directly owned 183 shares of the company's stock, valued at $7,680.51. The trade was a 98.50% decrease in their position. The sale 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 firm's stock in a transaction that occurred 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 sale, the chief financial officer directly owned 99,919 shares of the company's stock, valued at $4,299,514.57. This represents a 10.72% decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 0.17% of the company's stock.

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.