Old Mutual Global Investors UK Ltd. increased its position in FirstEnergy Corp. (NYSE:FE) by 4,057.3% during the fourth quarter, HoldingsChannel.com reports. The firm owned 1,060,105 shares of the utilities provider’s stock after buying an additional 1,034,605 shares during the quarter. Old Mutual Global Investors UK Ltd.’s holdings in FirstEnergy were worth $32,460,000 as of its most recent filing with the SEC.

Other hedge funds have also recently modified their holdings of the company. Baker Ellis Asset Management LLC acquired a new position in FirstEnergy in the 4th quarter valued at about $122,000. Archford Capital Strategies LLC grew its stake in FirstEnergy by 2,045.8% in the 2nd quarter. Archford Capital Strategies LLC now owns 4,077 shares of the utilities provider’s stock valued at $262,000 after buying an additional 3,887 shares during the last quarter. Accurate Investment Solutions Inc. grew its stake in FirstEnergy by 767.8% in the 3rd quarter. Accurate Investment Solutions Inc. now owns 5,493 shares of the utilities provider’s stock valued at $170,000 after buying an additional 4,860 shares during the last quarter. IBM Retirement Fund acquired a new position in FirstEnergy in the 3rd quarter valued at about $204,000. Finally, Cubist Systematic Strategies LLC acquired a new position in FirstEnergy in the 2nd quarter valued at about $215,000. 83.24% of the stock is currently owned by institutional investors.

Shares of FirstEnergy Corp. (NYSE FE) opened at $32.10 on Wednesday. The company has a current ratio of 0.69, a quick ratio of 0.56 and a debt-to-equity ratio of 3.29. The stock has a market cap of $14,013.03, a P/E ratio of -2.74, a P/E/G ratio of 12.28 and a beta of 0.35. FirstEnergy Corp. has a 52-week low of $27.93 and a 52-week high of $35.22.

The company also recently declared a quarterly dividend, which will be paid on Thursday, March 1st. Investors of record on Wednesday, February 7th will be given a dividend of $0.36 per share. The ex-dividend date of this dividend is Tuesday, February 6th. This represents a $1.44 annualized dividend and a dividend yield of 4.49%. FirstEnergy’s dividend payout ratio is -12.31%.

FE has been the topic of a number of analyst reports. Mizuho restated a “hold” rating and set a $30.50 target price on shares of FirstEnergy in a research report on Tuesday, October 24th. KeyCorp restated a “hold” rating on shares of FirstEnergy in a research report on Friday, October 20th. Zacks Investment Research lowered shares of FirstEnergy from a “buy” rating to a “hold” rating in a research report on Tuesday, January 9th. Guggenheim restated a “buy” rating and set a $47.00 target price on shares of FirstEnergy in a research report on Wednesday, January 3rd. Finally, ValuEngine upgraded shares of FirstEnergy from a “hold” rating to a “buy” rating in a research report on Wednesday, November 15th. Nine analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. The stock currently has an average rating of “Buy” and an average price target of $35.33.

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FirstEnergy Company Profile

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.

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Institutional Ownership by Quarter for FirstEnergy (NYSE:FE)

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