FirstEnergy Corp. (NYSE:FE) declared a quarterly dividend on Tuesday, September 20th. Investors of record on Monday, November 7th will be paid a dividend of 0.36 per share on Thursday, December 1st. This represents a $1.44 dividend on an annualized basis and a yield of 4.27%.

A number of institutional investors have recently added to or reduced their stakes in FE. Tredje AP fonden increased its position in FirstEnergy Corp. by 171.3% in the second quarter. Tredje AP fonden now owns 26,203 shares of the company’s stock valued at $915,000 after buying an additional 16,543 shares in the last quarter. Reliance Trust Co. of Delaware increased its position in FirstEnergy Corp. by 3.7% in the second quarter. Reliance Trust Co. of Delaware now owns 17,367 shares of the company’s stock valued at $606,000 after buying an additional 615 shares in the last quarter. Advantus Capital Management Inc increased its position in FirstEnergy Corp. by 1.3% in the second quarter. Advantus Capital Management Inc now owns 41,309 shares of the company’s stock valued at $1,442,000 after buying an additional 547 shares in the last quarter. Bank of Nova Scotia increased its position in FirstEnergy Corp. by 6.9% in the second quarter. Bank of Nova Scotia now owns 8,468 shares of the company’s stock valued at $296,000 after buying an additional 550 shares in the last quarter. Finally, BlackRock Japan Co. Ltd increased its position in FirstEnergy Corp. by 2.6% in the second quarter. BlackRock Japan Co. Ltd now owns 529,550 shares of the company’s stock valued at $18,487,000 after buying an additional 13,263 shares in the last quarter. Institutional investors own 77.07% of the company’s stock.

Shares of FirstEnergy Corp. (NYSE:FE) traded up 0.06% during trading on Tuesday, hitting $33.76. The company had a trading volume of 1,711,165 shares. FirstEnergy Corp. has a 52-week low of $28.89 and a 52-week high of $36.60. The firm’s market capitalization is $14.35 billion. The stock’s 50-day moving average is $32.90 and its 200 day moving average is $34.17.

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FirstEnergy Corp. (NYSE:FE) last released its quarterly earnings data on Thursday, July 28th. The company reported $0.56 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.54 by $0.02. FirstEnergy Corp. had a negative net margin of 3.96% and a positive return on equity of 10.05%. During the same period in the prior year, the firm earned $0.53 earnings per share. Equities research analysts predict that FirstEnergy Corp. will post $2.55 earnings per share for the current fiscal year.

FE has been the subject of a number of research reports. Barclays PLC set a $36.00 price target on FirstEnergy Corp. and gave the company a “hold” rating in a research note on Saturday. Jefferies Group increased their price target on FirstEnergy Corp. from $35.00 to $36.00 and gave the company a “hold” rating in a research note on Thursday, July 7th. Goldman Sachs Group Inc. lowered FirstEnergy Corp. from a “neutral” rating to a “sell” rating and dropped their price target for the company from $36.00 to $31.00 in a research note on Tuesday, July 26th. Morgan Stanley raised FirstEnergy Corp. from an “equal weight” rating to an “overweight” rating and increased their price target for the company from $38.00 to $41.00 in a research note on Monday, August 8th. They noted that the move was a valuation call. Finally, Bank of America Corp. upgraded FirstEnergy Corp. from a “neutral” rating to a “buy” rating and decreased their price objective for the company from $41.00 to $40.00 in a research report on Monday, August 8th. Three equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating and six have issued a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average price target of $35.82.

FirstEnergy Corp. Company Profile

FirstEnergy Corp. is a holding company. The Company operates through three segments: Regulated Distribution, Regulated Transmission and Competitive Energy Services (CES). The Regulated Distribution segment distributes electricity through its approximately 10 utility operating companies. The Regulated Transmission segment transmits electricity through transmission facilities.

5 Day Chart for NYSE:FE

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