B. Metzler seel. Sohn & Co. Holding AG Takes Position in FirstEnergy Corp. (NYSE:FE)


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B. Metzler seel. Sohn & Co. Holding AG acquired a new stake in shares of FirstEnergy Corp. (NYSE:FE) during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm acquired 65,707 shares of the utilities provider’s stock, valued at approximately $1,978,000.

Several other large investors also recently modified their holdings of the stock. Clearview Wealth Advisors LLC bought a new stake in shares of FirstEnergy in the fourth quarter worth $32,000. Hoover Financial Advisors Inc. bought a new stake in shares of FirstEnergy in the fourth quarter worth $32,000. Regent Peak Wealth Advisors LLC bought a new stake in shares of FirstEnergy in the fourth quarter worth $33,000. Inspire Advisors LLC bought a new stake in shares of FirstEnergy in the fourth quarter worth $34,000. Finally, Exane Derivatives increased its stake in shares of FirstEnergy by 92.5% in the fourth quarter. Exane Derivatives now owns 1,582 shares of the utilities provider’s stock worth $48,000 after buying an additional 760 shares during the last quarter. Institutional investors and hedge funds own 79.97% of the company’s stock.

FirstEnergy stock opened at $35.03 on Thursday. The company has a quick ratio of 0.60, a current ratio of 0.70 and a debt-to-equity ratio of 3.09. The firm has a 50-day moving average price of $34.09 and a two-hundred day moving average price of $31.16. The firm has a market capitalization of $19.06 billion, a price-to-earnings ratio of 25.95 and a beta of 0.20. FirstEnergy Corp. has a 52-week low of $22.85 and a 52-week high of $46.36.

FirstEnergy (NYSE:FE) last posted its earnings results on Wednesday, February 17th. The utilities provider reported $0.32 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.47 by ($0.15). The firm had revenue of $2.54 billion for the quarter, compared to analyst estimates of $2.82 billion. FirstEnergy had a net margin of 6.64% and a return on equity of 20.15%. During the same period in the previous year, the firm earned $0.55 earnings per share. Research analysts expect that FirstEnergy Corp. will post 2.54 earnings per share for the current year.

The company also recently announced a quarterly dividend, which will be paid on Tuesday, June 1st. Shareholders of record on Friday, May 7th will be paid a dividend of $0.39 per share. This represents a $1.56 dividend on an annualized basis and a yield of 4.45%. The ex-dividend date is Thursday, May 6th. FirstEnergy’s payout ratio is 60.47%.

A number of analysts recently issued reports on the stock. TheStreet upgraded shares of FirstEnergy from a “c+” rating to a “b-” rating in a research note on Thursday, February 4th. Morgan Stanley lifted their price target on shares of FirstEnergy from $39.00 to $40.00 and gave the stock an “overweight” rating in a research note on Thursday, February 25th. Mizuho increased their target price on shares of FirstEnergy from $32.00 to $33.00 in a report on Friday, February 19th. Bank of America raised shares of FirstEnergy from a “neutral” rating to a “buy” rating in a report on Monday, March 15th. Finally, Wells Fargo & Company lowered shares of FirstEnergy from an “equal weight” rating to an “underweight” rating and lifted their price target for the company from $31.00 to $32.00 in a report on Wednesday, January 6th. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and six have given a buy rating to the company. The company has a consensus rating of “Hold” and an average target price of $39.58.

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, natural gas, wind, and solar power generating facilities.

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Institutional Ownership by Quarter for FirstEnergy (NYSE:FE)

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