OneDigital Investment Advisors LLC Buys Shares of 6,704 FirstEnergy Corporation (NYSE:FE)

OneDigital Investment Advisors LLC purchased a new stake in shares of FirstEnergy Corporation (NYSE:FE - Free Report) in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 6,704 shares of the utilities provider's stock, valued at approximately $271,000.

Several other large investors have also recently bought and sold shares of FE. Boston Partners boosted its position in FirstEnergy by 73.5% during the fourth quarter. Boston Partners now owns 16,503,080 shares of the utilities provider's stock valued at $656,309,000 after purchasing an additional 6,991,866 shares during the last quarter. Soroban Capital Partners LP increased its holdings in FirstEnergy by 60.2% during the fourth quarter. Soroban Capital Partners LP now owns 8,340,760 shares of the utilities provider's stock worth $331,795,000 after buying an additional 3,133,083 shares during the last quarter. Wealthquest Corp acquired a new position in FirstEnergy during the first quarter worth $53,169,000. Zimmer Partners LP increased its holdings in FirstEnergy by 33.4% during the fourth quarter. Zimmer Partners LP now owns 4,918,857 shares of the utilities provider's stock worth $195,672,000 after buying an additional 1,232,040 shares during the last quarter. Finally, Renaissance Technologies LLC increased its holdings in FirstEnergy by 118.2% during the fourth quarter. Renaissance Technologies LLC now owns 1,640,808 shares of the utilities provider's stock worth $65,271,000 after buying an additional 888,800 shares during the last quarter. 89.41% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at FirstEnergy

In related news, CFO Jon Taylor K. sold 12,000 shares of the company's stock in a transaction dated Wednesday, May 7th. The shares were sold at an average price of $43.03, for a total transaction of $516,360.00. Following the completion of the sale, the chief financial officer owned 99,919 shares of the company's stock, valued at $4,299,514.57. This represents a 10.72% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CAO Jason Lisowski sold 12,000 shares of the company's 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 sale, the chief accounting officer directly owned 183 shares of the company's stock, valued at $7,680.51. This represents a 98.50% decrease in their position. The disclosure for this sale can be found here. Insiders own 0.17% of the company's stock.

FirstEnergy Stock Performance

Shares of NYSE FE traded up $0.13 during trading hours on Monday, reaching $40.52. 140,813 shares of the stock were exchanged, compared to its average volume of 3,988,307. The firm has a market capitalization of $23.39 billion, a price-to-earnings ratio of 21.56, a P/E/G ratio of 2.48 and a beta of 0.39. The company has a debt-to-equity ratio of 1.53, a quick ratio of 0.34 and a current ratio of 0.42. FirstEnergy Corporation has a 52 week low of $37.58 and a 52 week high of $44.97. The stock's fifty day simple moving average is $41.01 and its 200 day simple moving average is $40.48.

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

Analyst Upgrades and Downgrades

A number of equities analysts recently weighed in on FE shares. Mizuho set a $43.00 target price on shares of FirstEnergy in a report on Monday, April 28th. Guggenheim boosted their target price on shares of FirstEnergy from $45.00 to $47.00 and gave the stock a "buy" rating in a report on Monday, April 7th. Scotiabank restated an "outperform" rating on shares of FirstEnergy in a report on Friday, April 25th. Bank of America upgraded shares of FirstEnergy from an "underperform" rating to a "neutral" rating and boosted their target price for the stock from $42.00 to $45.00 in a report on Wednesday, April 23rd. Finally, Morgan Stanley lowered their target price on shares of FirstEnergy from $48.00 to $47.00 and set an "overweight" rating on the stock in a report on Wednesday, June 18th. Eight investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. According to MarketBeat, FirstEnergy currently has a consensus rating of "Hold" and an average price target of $46.00.

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.