FirstEnergy Corp. (NYSE:FE) Shares Purchased by Aquatic Capital Management LLC

Aquatic Capital Management LLC boosted its position in shares of FirstEnergy Corp. (NYSE:FE - Free Report) by 149.7% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 136,355 shares of the utilities provider's stock after purchasing an additional 81,755 shares during the period. Aquatic Capital Management LLC's holdings in FirstEnergy were worth $5,424,000 as of its most recent SEC filing.

A number of other large investors also recently bought and sold shares of the business. Balanced Wealth Group LLC lifted its stake in FirstEnergy by 0.9% in the fourth quarter. Balanced Wealth Group LLC now owns 26,991 shares of the utilities provider's stock worth $1,074,000 after acquiring an additional 250 shares during the period. Covestor Ltd lifted its position in FirstEnergy by 69.3% during the 4th quarter. Covestor Ltd now owns 623 shares of the utilities provider's stock worth $25,000 after acquiring an additional 255 shares during the period. Brooklyn Investment Group boosted its holdings in shares of FirstEnergy by 6.7% in the 4th quarter. Brooklyn Investment Group now owns 5,146 shares of the utilities provider's stock valued at $205,000 after acquiring an additional 324 shares during the last quarter. Venturi Wealth Management LLC grew its position in FirstEnergy by 33.0% during the 4th quarter. Venturi Wealth Management LLC now owns 1,326 shares of the utilities provider's stock worth $53,000 after purchasing an additional 329 shares during the period. Finally, Horizon Investments LLC lifted its holdings in shares of FirstEnergy by 4.8% in the 4th quarter. Horizon Investments LLC now owns 7,290 shares of the utilities provider's stock valued at $287,000 after buying an additional 336 shares during the period. Hedge funds and other institutional investors own 89.41% of the company's stock.

Analyst Ratings Changes

A number of analysts recently issued reports on FE shares. Scotiabank reissued an "outperform" rating on shares of FirstEnergy in a report on Friday, April 25th. Evercore ISI lifted their price target on FirstEnergy from $41.00 to $47.00 and gave the company an "outperform" rating in a research note on Monday. Guggenheim increased their price target on FirstEnergy from $45.00 to $47.00 and gave the stock a "buy" rating in a research report on Monday, April 7th. Morgan Stanley restated an "overweight" rating on shares of FirstEnergy in a research report on Wednesday, April 23rd. Finally, Wells Fargo & Company lifted their price target on shares of FirstEnergy from $41.00 to $44.00 and gave the company an "equal weight" rating in a research note on Friday, April 25th. Nine research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of "Hold" and a consensus target price of $46.00.

FirstEnergy Trading Up 0.6 %

Shares of NYSE FE traded up $0.24 during trading on Friday, hitting $42.99. 1,378,849 shares of the company were exchanged, compared to its average volume of 3,567,323. The company has a fifty day moving average price of $40.28 and a 200-day moving average price of $40.70. The company has a debt-to-equity ratio of 1.58, a quick ratio of 0.46 and a current ratio of 0.56. The firm has a market capitalization of $24.79 billion, a PE ratio of 27.73, a P/E/G ratio of 2.07 and a beta of 0.41. FirstEnergy Corp. has a 12-month low of $37.58 and a 12-month high of $44.97.

FirstEnergy (NYSE:FE - Get Free Report) last issued its quarterly earnings data 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 analyst estimates of $3.68 billion. FirstEnergy had a net margin of 6.64% and a return on equity of 11.38%. The business's revenue for the quarter was up 14.5% compared to the same quarter last year. During the same period in the prior year, the business posted $0.55 EPS. As a group, equities research analysts expect that FirstEnergy Corp. will post 2.66 EPS for the current year.

FirstEnergy Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Sunday, June 1st. Investors of record on Wednesday, May 7th will be paid a $0.445 dividend. The ex-dividend date is Wednesday, May 7th. This represents a $1.78 dividend on an annualized basis and a yield of 4.14%. This is an increase from FirstEnergy's previous quarterly dividend of $0.43. FirstEnergy's payout ratio is currently 94.68%.

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.