Teachers Advisors LLC cut its position in FirstEnergy Corp. (NYSE:FE) by 1.6% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 3,586,594 shares of the utilities provider’s stock after selling 57,826 shares during the period. Teachers Advisors LLC owned 0.81% of FirstEnergy worth $109,822,000 at the end of the most recent reporting period.
Several other institutional investors and hedge funds have also recently modified their holdings of the company. BlackRock Inc. grew its stake in shares of FirstEnergy by 2.8% in the 4th quarter. BlackRock Inc. now owns 52,723,417 shares of the utilities provider’s stock valued at $1,614,390,000 after buying an additional 1,431,172 shares during the period. LSV Asset Management lifted its position in FirstEnergy by 3.7% in the 4th quarter. LSV Asset Management now owns 15,371,131 shares of the utilities provider’s stock valued at $470,664,000 after acquiring an additional 549,221 shares in the last quarter. Renaissance Technologies LLC lifted its position in FirstEnergy by 46.3% in the 4th quarter. Renaissance Technologies LLC now owns 9,391,408 shares of the utilities provider’s stock valued at $287,565,000 after acquiring an additional 2,972,400 shares in the last quarter. Geode Capital Management LLC lifted its position in FirstEnergy by 4.5% in the 4th quarter. Geode Capital Management LLC now owns 5,901,224 shares of the utilities provider’s stock valued at $180,395,000 after acquiring an additional 254,123 shares in the last quarter. Finally, APG Asset Management N.V. lifted its position in FirstEnergy by 91.7% in the 4th quarter. APG Asset Management N.V. now owns 3,795,477 shares of the utilities provider’s stock valued at $96,783,000 after acquiring an additional 1,816,000 shares in the last quarter. Institutional investors own 78.77% of the company’s stock.
FirstEnergy Corp. (NYSE FE) opened at $32.99 on Wednesday. FirstEnergy Corp. has a 1 year low of $27.93 and a 1 year high of $35.22. The company has a debt-to-equity ratio of 5.38, a quick ratio of 0.65 and a current ratio of 0.76. The company has a market cap of $15,551.79, a P/E ratio of -8.50, a price-to-earnings-growth ratio of 13.69 and a beta of 0.34.
The company also recently announced a quarterly dividend, which was paid on Thursday, March 1st. Shareholders of record on Wednesday, February 7th were given a dividend of $0.36 per share. The ex-dividend date was Tuesday, February 6th. This represents a $1.44 annualized dividend and a dividend yield of 4.36%. FirstEnergy’s dividend payout ratio is currently -37.11%.
FE has been the topic of several recent research reports. ValuEngine raised shares of FirstEnergy from a “hold” rating to a “buy” rating in a research report on Wednesday, November 15th. Zacks Investment Research raised shares of FirstEnergy from a “hold” rating to a “buy” rating and set a $34.00 price target on the stock in a research report on Tuesday, January 2nd. Guggenheim reaffirmed a “buy” rating and issued a $47.00 price target on shares of FirstEnergy in a research report on Wednesday, January 3rd. Bank of America raised shares of FirstEnergy from a “neutral” rating to a “buy” rating and raised their price target for the company from $32.09 to $36.00 in a research report on Friday, January 26th. Finally, Wolfe Research raised shares of FirstEnergy from a “peer perform” rating to an “outperform” rating in a research report on Monday, January 29th. Nine equities research analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. FirstEnergy has a consensus rating of “Buy” and a consensus price target of $35.29.
TRADEMARK VIOLATION WARNING: This piece of content was first published by American Banking News and is the sole property of of American Banking News. If you are reading this piece of content on another site, it was stolen and reposted in violation of US & international trademark & copyright legislation. The legal version of this piece of content can be viewed at https://www.americanbankingnews.com/2018/03/14/teachers-advisors-llc-trims-stake-in-firstenergy-corp-fe.html.
FirstEnergy Corp. is a holding company. The Company is engaged in holding, directly or indirectly, all of the outstanding equity of its principal subsidiaries. Its segments include Regulated Distribution, Regulated Transmission, Competitive Energy Services (CES) and Corporate/Other. As of December 31, 2016, the Regulated Distribution segment distributed electricity through the Company’s 10 utility operating companies, serving approximately six million customers, and purchased power for its provider of last resort (POLR), standard offer service (SOS), standard offer service (SSO) and default service requirements in Ohio, Pennsylvania, New Jersey and Maryland.
Receive News & Ratings for FirstEnergy Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for FirstEnergy and related companies with MarketBeat.com's FREE daily email newsletter.