FirstEnergy Corp. (NYSE:FE) CAO Sells $503,640.00 in Stock

FirstEnergy Corp. (NYSE:FE - Get Free Report) CAO Jason Lisowski sold 12,000 shares of the stock in a transaction 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 sale, the chief accounting officer now directly owns 183 shares in the company, valued at $7,680.51. This trade represents a 98.50% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink.

FirstEnergy Stock Performance

FE traded up $0.25 during trading on Friday, hitting $41.95. The stock had a trading volume of 4,922,381 shares, compared to its average volume of 3,709,513. The firm has a market cap of $24.21 billion, a PE ratio of 27.06, a P/E/G ratio of 2.07 and a beta of 0.42. FirstEnergy Corp. has a 12 month low of $37.58 and a 12 month high of $44.97. The company has a current ratio of 0.56, a quick ratio of 0.46 and a debt-to-equity ratio of 1.58. The company has a 50 day simple moving average of $41.36 and a 200-day simple moving average of $40.63.

FirstEnergy (NYSE:FE - Get Free Report) last announced its earnings results on Wednesday, April 23rd. The utilities provider reported $0.67 EPS for the quarter, topping the consensus estimate of $0.60 by $0.07. The firm had revenue of $3.80 billion for the quarter, compared to the consensus estimate of $3.68 billion. FirstEnergy had a net margin of 6.64% and a return on equity of 11.38%. The business's quarterly revenue was up 14.5% on a year-over-year basis. During the same quarter last year, the firm posted $0.55 EPS. Analysts expect that FirstEnergy Corp. will post 2.66 EPS for the current year.

FirstEnergy Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Sunday, June 1st. Shareholders of record on Wednesday, May 7th will be given a $0.445 dividend. This represents a $1.78 annualized dividend and a yield of 4.24%. This is a positive change from FirstEnergy's previous quarterly dividend of $0.43. The ex-dividend date is Wednesday, May 7th. FirstEnergy's dividend payout ratio (DPR) is currently 94.68%.

Wall Street Analyst Weigh In

A number of brokerages have weighed in on FE. UBS Group upped their price target on shares of FirstEnergy from $41.00 to $43.00 and gave the company a "neutral" rating in a report on Friday, March 21st. Mizuho set a $43.00 price target on shares of FirstEnergy in a report on Monday, April 28th. Scotiabank reissued an "outperform" rating on shares of FirstEnergy in a report on Friday, April 25th. Evercore ISI upped their price target on shares of FirstEnergy from $41.00 to $47.00 and gave the company an "outperform" rating in a report on Monday, April 28th. Finally, Wells Fargo & Company upped their price target on shares of FirstEnergy from $41.00 to $44.00 and gave the company an "equal weight" rating in a report on Friday, April 25th. Nine analysts have rated the stock with a hold rating and six have given a buy rating to the company's stock. According to MarketBeat.com, FirstEnergy currently has a consensus rating of "Hold" and an average price target of $46.00.

Institutional Trading of FirstEnergy

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Dakota Wealth Management grew its position in FirstEnergy by 3.4% in the 1st quarter. Dakota Wealth Management now owns 7,633 shares of the utilities provider's stock worth $309,000 after purchasing an additional 249 shares during the last quarter. Balanced Wealth Group LLC grew its position in FirstEnergy by 0.9% in the 4th quarter. Balanced Wealth Group LLC now owns 26,991 shares of the utilities provider's stock worth $1,074,000 after purchasing an additional 250 shares during the last quarter. Covestor Ltd grew its position in FirstEnergy by 69.3% in the 4th quarter. Covestor Ltd now owns 623 shares of the utilities provider's stock worth $25,000 after purchasing an additional 255 shares during the last quarter. Kovitz Investment Group Partners LLC grew its position in FirstEnergy by 2.4% in the 1st quarter. Kovitz Investment Group Partners LLC now owns 10,807 shares of the utilities provider's stock worth $437,000 after purchasing an additional 255 shares during the last quarter. Finally, Equitable Trust Co. grew its position in FirstEnergy by 1.2% in the 1st quarter. Equitable Trust Co. now owns 22,677 shares of the utilities provider's stock worth $917,000 after purchasing an additional 266 shares during the last quarter. 89.41% of the stock is currently owned by institutional investors and hedge funds.

About FirstEnergy

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.